2021 Chevrolet Corvette Pros vs Cons. Should You Buy? (2024)

FAQs

Are there any problems with the 2021 Corvette? ›

Chevrolet is recalling a small number of 2021 and 2022 Chevy Corvette Stingrays because dealers need to inspect their axles. Chevy discovered a potential problem when the rear driveshaft assembly on one 2021 Corvette shattered, immobilizing the car.

Performance, handling, and ride quality is amazing. Styling is head-turning and overall value is terrific. … It just about does everything a Ferrari or Lambo can do for less than half the price.

Corvettes Are the Ultimate “Low Rider”

First, ask any non-Corvette automobile enthusiast what the biggest downside to a Corvette is, and the majority will readily reply that “the car sits too low!” They're not entirely wrong, though there are also plenty of cars that sit just as low a Corvette, and some sit even lower.

The cost of owning a Corvette can be steep, so be prepared to pay for the luxury of owning this classic car. However, they are a good investment if you like to fix and resell cars. Unless you plan on purchasing a Corvette that needs repair, be ready to pay a hefty price.

We learn from the video that the main recommendation for the engine break-in is that the vehicle should not be pushed too hard for the first 500 miles of street driving. If you use it on the track, the recommendation is 1,500 miles.

The average cost for Chevrolet Corvette insurance in 2022 is $126 per month, according to NerdWallet's most recent analysis of full coverage insurance rates.

Aside from a handful of cargo and personal space issues, using the Chevrolet Corvette as a daily driver is no problem. That's pretty amazing given its performance capabilities.

The market value for a 2021 Chevrolet Corvette is around $71,850, with average insurance rates of $2,962 a year, or $247 a month. The cheapest widely available insurer for this luxury vehicle is Travelers. We analyzed average auto insurance rates for the Chevrolet Corvette and its competitors.

The annual maintenance cost of a Chevrolet Corvette is $737.

Is the new Corvette a success? ›

In the U.S., the C8 has been a huge success for parent company General Motors with nearly 9,000 sales in Q4 2020, easily out-selling well-known rivals like the Porsche 718 and 911 and the Mercedes-AMG GT.

“Demand for the mid-engine Chevrolet Corvette has exceeded supply since its launch for the 2020 model year, and its high demand contributes to the vehicle consistently selling over MSRP,” Brauer explained.

This is the four consecutive year that the Corvette was a KBB Resale Value award winner. KBB says the Top 10 vehicles retain their value better than 95% of all other models, with the Corvette having a resale value of 65.3% of its original sticker price after 60 months.

But just in case you are, we'll overly simplify things by saying the 1955, 1957, 1963, 1974, and 1987 Corvettes are considered some of the best in the nameplate's history, as well as model years 1966 through 1969.

As per RepairPal, the Chevy Corvette has a reliability rating of 3.0 out of 5, ranking 23rd out of 24 midsize cars. In addition, the annual repair cost for owning a Corvette is $737, which is a lot higher than the $526 average for midsize cars and $652 across all models.

How often does a CHEVROLET Corvette need an Oil Change? An oil change is one of the most basic and vital services for your vehicle. Synthetic oil usually should be changed each 7,500 - 10,000 miles. CHEVROLET proposes getting your CHEVROLET Corvette oil & filter changed each 3,000-5,000 miles for conventional oil.

According to Motor and Wheels, owners can expect their new Corvette to last for 150,000 to 200,000 miles. For most drivers, that's probably about 10 to 13 years minimum. In the past, sports cars were usually known for being unreliable and expensive to maintain.

Overall - the Chevrolet Corvette has yearly car maintenance costs total to $737 . The table below shows a complete ranking of how various cars rank in this overall system as some comparison.

What age group drives Corvettes? ›

According to market research firm Strategic Vision, the average Corvette buyer is 59 years old. That means the “younger customers” Chevrolet is targeting are members of Generation X, born from about 1960-80.

It's no secret that red is a hot color for the Chevrolet Corvette. In fact, Torch Red is once again the most popular exterior color option for the 2022 Corvette, according to statistics compiled by the National Corvette Museum.

In the United States, Chevrolet Corvette deliveries totaled 9,130 units in Q4 2022, an increase of about 10 percent compared to 8,293 units sold in Q4 2021. During the complete 2022 calendar year, Corvette sales increased about 4 percent to 34,510 units.

The worst years for Corvette—including 1953, 1975, and 1979—had a variety of performance issues. Chevrolet has manufactured dozens of quality Corvettes for nearly seven decades. Despite their iconic look, there have been a few lackluster years for this beloved American sports car, including 1953, 1975, and 1979.

You could take your ride through an automated car wash if you wanted to make things easier on yourself. But if you want things done right, a little hands-on love and care can make your Corvette or Camaro look its best. Below, you'll find some tips you can use to wash your Camaro or Corvette like a professional.

At it's core, the break-in process requires that the driver to vary vehicle speeds and engine rpms, and observe a 500-mile break-in period for street driving, as well as a 1,500-mile break-in process before unleashing the new Z06 on the race track. Further guidance is included in the Corvette Z06 owner's manual.

Its cabin is cozy but comfortable, and there's adequate trunk storage for groceries or luggage, making the Corvette an easy sports car to live with on a daily basis. We're charmed by this perennial 10Best award winner, and we think you will be too.

According to Fourwheel Trader, the average prices today are down as much as $21,500 for the convertibles and $18,500 for the coupes from July 2021. The days of buying a new C8 Corvette, driving it for several thousand miles and selling it for the same price or for more are generally over.

At Consumer Reports, the 2019 Chevy Corvette stands with a perfect reliability score of 5/5, which also makes it one of the most dependable Chevrolets you could buy used.

What is the least expensive 2023 Corvette? ›

The cheapest C8 Corvette you can buy new in 2023 is the Stingray 1LT that begins at $65,895, excluding taxes, fees, and markups.

$500 FULLY REFUNDABLE DEPOSIT. ORDER OF LIST DICTATED BY DEPOSIT DATE. IF YOU ARE ON THE REGULAR STINGRAY LIST AND REQUEST TO MOVE YOUR DEPOSIT OVER TO THE HIGH PERFORMANCE LIST, YOUR DEPOSIT DATE WILL CHANGE TO THE DATE YOU REQUEST TO MOVE.

That said, most Corvettes are not prohibitively expensive to maintain. As with most cars, the newer the model, the higher the overall cost of routine maintenance. However, most older models (C4 and earlier) are almost on par with other cars from their era.

A stock C6 Corvette can get over 30 mpg on the highway.

A sports car with good weight distribution drives and handles better. A Top Gear review praised the Corvette for its improved handling through corners which was always a problem with American sports cars. The mid-mounted engine in the C8 Z06 is also the most powerful naturally aspirated V-8 engine in the world.

Power, performance, and possibilities

The LS engine platform is a favorite among many car enthusiasts, making them desirable as an engine-replacement for many other cars. That also makes the Corvette a great car to work on if you care about performance modifications.

In addition to the transmission of some 2022 Chevy Corvettes “dying,” owners are complaining about fluid puddling under cars and cracked transmission housings. There are also issues relating to missing ball bearings, which have resulted in a recall.

2023 Chevrolet Corvette wins KBB's Best Overall Resale Value Award | Phillips Chevrolet.

With the final bid, the Z06 Corvette sold for $98,820 more than its MSRP. There are now more than 1,000 Corvette Z06s in customers hands and more are being made each day, so it's a little too soon to say the market has popped when it's really just getting starting.

Are Corvettes high end cars? ›

The Chevrolet Corvette is a two-door, two-passenger luxury sports car manufactured and marketed by Chevrolet since 1953.

The Corvette has to be one of the classiest luxury vehicles available on the market and this cluster pays tribute to all the great Corvette creations we have featured on Trend Hunter.

As the Corvette celebrates its 70th anniversary, buyers can still expect to get a lot of money out of their 2023 model when the 'Vette's 75th year comes around. KBB predicts the 2023 Corvette will retain 65.3 percent of value over the next five years, and it's the only sport car to crack the top-10 list.

The 1971 Opel GT is considered to be a very rare car and is known by many as the “poor man's Corvette.”

The Corvette is one of the best driving cars on the market, and it can outperform cars that cost quite a bit more. That being said, it's a lot more expensive than the Camaro. The Camaro is a much more accessible vehicle to more people, and offers a lot of performance for the money.

But despite the impressive performance of the seventh generation Stingray, the average Corvette customer's age in 2019 had still climbed to 61 years old.

Aside from a handful of cargo and personal space issues, using the Chevrolet Corvette as a daily driver is no problem.

Chevy's icon may not be an obvious winter ride...but it does better than you might expect. The Chevy Corvette is many things to many people, but it's not the sort of car most people would consider a good car for winter driving.

Long gone are the days when the Corvette was the most dangerous car on the road. It is now a supercar with a level of safety that matches the best in the business.

How much is Corvette oil change? ›

The average cost for a Chevrolet Corvette Oil Change is between $126 and $138. Labor costs are estimated between $38 and $48 while parts are priced between $89 and $90.

What damages tires on my Chevrolet Corvette? Some tires may last up to 50,000 - 60,000 miles, while others may last as little as 10,000 miles. There are several factors that affect the length of your tire's life. Everything from road conditions to tire usage may affect the life of your tires.

For optimal paint protection, experts recommend that you wax your vehicle at least every three to six months.

The driver of a C7-generation Chevrolet Corvette has shown that with enough power, outrunning the police can be a simple matter of flooring the throttle for a few seconds and escaping into the distance. At least temporarily as we suspect that this video only tells part of the story..

The 2021 Corvette Stingray was the second-fastest selling car in the United States in August behind the new Hyundai Santa Cruz compact pickup. According to iSeeCars, the 2021 Corvette Stingray spent an average of 8.3 days on dealership lots before being sold.

Where is the Corvette Z06 LT6 Built? Well, this engine is for the new C8 Z06 Corvette, so it made sense to build the engines nearby. To that end the new LT6 will be hand built at the Performance Build Center (PBC) in Bowling Green, Kentucky. Yep, hand assembled by a single craftsman.

The mid-engine, rear-drive C8 carries less of its mass on the nose—there are 2210 pounds on the rear tires when stationary. That's 460 pounds more, which means considerably more available traction at the rear wheels. Because weight shifts rearward under acceleration, that figure only improves as the car gains speed.

DETROIT (AP) — The fastest Corvette ever made comes out later this year, and it's not powered solely by a howling V8. The E-Ray is a gas electric hybrid, the first all-wheel-drive version of Chevrolet's storied sports car with the front wheels running on an electric motor the traditional 6.2-liter V8 powering the back.

As such, according to GM Authority sources, the 2023 Corvette Z06 includes a $3,000 gas guzzler tax when equipped with either the T0G Carbon Aero package or T0F Carbon Aero package (T0G and T0F refer to the related package RPO codes).

According to Motor and Wheels, owners can expect their new Corvette to last for 150,000 to 200,000 miles. For most drivers, that's probably about 10 to 13 years minimum. In the past, sports cars were usually known for being unreliable and expensive to maintain.

Do Corvettes overheat? ›

The most common reasons a Chevrolet Corvette is overheating are a coolant leak (water pump, radiator, hose etc.), the radiator fan, or a failed thermostat.

General Motors, LLC (GM) is recalling certain 2021-2022 Chevrolet Corvette vehicles. The rear half-shaft assemblies may be missing one or more ball bearings, which can result in a loss of drive power. An unexpected loss of drive power increases the risk of a crash.

GM has issued a voluntary emission recall for certain units of the 2020 and 2021 C8 Corvette Stingray due to a problem with the Transmission Control Module (TCM).

Here are the three most common Chevy Corvette problems: Fuel level sensor failure. Check engine light due to gas cap issue. Service steering column lock message due to anti-theft system fault.

How Frequently Does a Chevrolet Corvette require maintenance? Overall - the Chevrolet Corvette has yearly car maintenance costs total to $737 . The table below shows a complete ranking of how various cars rank in this overall system as some comparison.

This is the four consecutive year that the Corvette was a KBB Resale Value award winner. KBB says the Top 10 vehicles retain their value better than 95% of all other models, with the Corvette having a resale value of 65.3% of its original sticker price after 60 months.

The market value for a 2021 Chevrolet Corvette is around $71,850, with average insurance rates of $2,962 a year, or $247 a month.

According to reputable auto sources, regular maintenance can stretch a Corvette's lifespan to anywhere between 150,000 to 200,000 miles with the original engine and transmission.

The C8 Corvette—both the standard Stingray and high-performance Z06—has proven to be a huge success with the automotive press and the buying public.

Time For More Power

“First, limit engine speed. For the first 500 miles, the redline is 4,000 rpm.” Once the Corvette reaches 500 miles, the odometer speaks with the tachometer and the redline moves up to 6,600RPM, which is the speed where the engine can generate more power.

How many miles does it take to break in a new Corvette? ›

At it's core, the break-in process requires that the driver to vary vehicle speeds and engine rpms, and observe a 500-mile break-in period for street driving, as well as a 1,500-mile break-in process before unleashing the new Z06 on the race track. Further guidance is included in the Corvette Z06 owner's manual.

According to Motor and Wheels, owners can expect their new Corvette to last for 150,000 to 200,000 miles. For most drivers, that's probably about 10 to 13 years minimum. In the past, sports cars were usually known for being unreliable and expensive to maintain.