2012 Corvette To See Price Increase Across the Board
By Carl Malek
The Chevrolet Corvette has been having a hard time getting sales as of late. Thanks in part to an outdated chassis, the global economic meltdown, and the appearance of the Chevrolet Camaro, the mighty two door sports car saw its sales plummet to a 50 year low. Despite this alarming drop in sales, General Motors has revealed plans to increase the price for consumers looking to purchase a Corvette for their garage. According to the folks over at Corvette Blogger, the price hikes General Motors has planned for the Corvette lineup can range from $480 to $1.150 depending on the model you choose. The only model to see its price tag actually decrease for 2012 is the top of the line ZR1 model – but only by a mere $75.
In addition to the price increase, Corvette Blogger also reveals that the cars individual equipment packages will also see a healthy bump in price for the 2012 model year. Versions such as the 2LT coupe will see prices increase between $1,195 and $2,095, whereas 3LT models will see an increase from $4,205 to $5,995. Buyers that choose to move up to the 4LT model will see prices jump from $7,705 to $9,495 which is $2,270 more than a 2011 model equipped with the same features. These new changes in the pricing structure also carry over to the drop top version of the Corvette. Lastly, official pricing for the limited production 2012 Corvette Centennial edition model has been revealed as well. This package, which celebrates Chevrolet’s 100th anniversary, endows the Corvette with features such as carbon flash metallic black paint, red brake calipers, black wheels with red rims, and special “100” logos on the headrests. Consumers looking to buy this particular package can expect to pay $4,950 to include it in their Corvette purchase.
Some updates coming for the 2012 Corvette include much-needed new seats, a new steering wheel, and an upgraded Bose audio system with nine (rather than the previous seven) speakers .While it may seem like a questionable move on General Motors’ part to raise the price of admission for its legendary two door – especially with the car’s slumping sales – it is worth mentioning that GM has given the Corvette a healthy amount of new features and equipment for the 2012 model year and these updates should not only make up for the increase in price, but also help the Corvette regain some ground on the sales charts as well.