How Much Does Each Generation Chevrolet Corvette Cost New Today?
Bottom line: Adjusted for inflation, the earliest C1 Corvette would cost roughly $100,000 today, while the latest C8 starts around $68,000.
How Much Does Each Generation Chevrolet Corvette Cost New Today?
Image: How Much Does Each Generation Chevrolet Corvette Cost New Today? – Performance Comparison and Specifications
Design & Looks
From the classic fiberglass body of the 1953 C1 to the sleek carbon‑fiber‑wrapped C8, each generation tells a visual story. The C2 “Sting Ray” introduced hidden headlights, the C4 went all‑digital, and the C7 added sharp angular lines that made it look like a supercar on a budget.
Performance & Mileage
Power has grown dramatically, but fuel efficiency has kept pace. Early models relied on a 3.9 L inline‑six, while the current C8 packs a mid‑engine 6.2 L V8 that delivers 490 hp. Mileage varies from about 12 mpg city in the C1 to roughly 22 mpg combined in the newest C8, thanks to modern engine management and lighter chassis.
Price & Rivals
When you compare a 1965 C2 (inflation‑adjusted $70,000) to a 2023 Porsche 911 (starting around $65,000), the Corvette still offers more power for less cash. The C8 even challenges the BMW M4, but at a lower price point.
| Generation | Engine | Mileage (MPG) | Price (2024 $) | Top Features |
|---|---|---|---|---|
| C1 (1953‑1962) | 5.3 L V8 | 12 city / 18 hwy | $100,000 | Fiberglass body, 2‑seat layout |
| C2 (1963‑1967) | 5.7 L V8 | 13 city / 19 hwy | $70,000 | Hidden headlights, split‑window coupe |
| C3 (1968‑1982) | 5.7‑7.0 L V8 | 14 city / 20 hwy | $85,000 | Sharp styling, T‑top roof |
| C4 (1984‑1996) | 5.7‑5.9 L V8 | 16 city / 23 hwy | $75,000 | Digital dashboard, improved handling |
| C5 (1997‑2004) | 5.7 L LS1 V8 | 16 city / 24 hwy | $68,000 | LS1 engine, refined suspension |
| C6 (2005‑2013) | 6.0 L LS2/LS3 V8 | 15 city / 23 hwy | $70,000 | Z51 performance package, improved brakes |
| C7 (2014‑2019) | 6.2 L LT1 V8 | 16 city / 25 hwy | $68,000 | Dual‑mode exhaust, magnetic ride control |
| C8 (2020‑present) | 6.2 L LT2 V8 | 18 city / 26 hwy | $68,000 | Mid‑engine layout, 8‑speed dual‑clutch |
FAQ
- What is the fuel economy of the newest Corvette? The 2024 C8 gets about 18 mpg city and 27 mpg highway, roughly 22 mpg combined.
- Is a classic Corvette worth buying today? For collectors, the C2 and C3 hold strong resale value, but the cost to own (maintenance, insurance) can be high.
- How does the Corvette compare to a Porsche 911 on price? The base C8 starts around $68,000, while a new 911 begins near $65,000, giving the Corvette more horsepower for a similar price.
What generation would you pick if you could drive any Corvette today? Share your thoughts in the comments below.
Source: Read Official News
