• 2014 Corvette Stingray gets $2,000 price bump
  • Z51 Performance Package price increased by $1,200
  • Chevrolet says high demand has driven price increase

The 2014 Chevrolet Corvette Stingray hasn't even been on sale for a year, but it's already getting a price increase. That's the latest from Chevrolet, which says that the just-announced price jump affects both convertible and coupe versions of the car, along with one of the sporty model's most popular option packages.

According to Chevrolet, coupe and convertible variants of the 2014 Corvette Stingray will see their prices increased by $2,000. That means the coupe will now start at $53,000, while the convertible will be $58,000. Both of those figures are before a mandatory $995 destination charge, which effectively raises the car's price to $54,000 for the coupe and $59,000 for the drop-top.

Beyond the price increase for the Corvette coupe and convertible, Chevrolet is also bumping up the price of one of the sports car's most popular options. The so-called Z51 Performance Package, which adds magnetic suspension control, larger brakes and an electronic limited-slip differential, now costs $4,000, up from its earlier price of $2,800.

The reason for the price increase, says Chevrolet, is that Corvette Stingray models are simply selling much faster than anticipated. The brand notes that the typical Corvette Stingray sits in a dealer's lot for just seven days, which is far less than the industry's average rate of 60 days. Driving up prices will likely bring in more money without hurting the car's demand.

To sports-car lovers, it's no surprise that the latest Corvette is selling so quickly. The sharply styled 2-seater is the first new Vette in nearly a decade, and that's big news to shoppers who love the iconic car's heritage, history and performance.

In terms of performance, there's a lot to love. Offered as a coupe or a convertible, the Vette boasts a 455-hp V8 that makes a whopping 460 lb-ft of torque. Drivers can choose between a 6-speed automatic transmission or a 7-speed manual, both of which offer launch control for improved acceleration.

What it means to you: The 2014 Chevrolet Corvette Stingray is still worth the money, even with its latest price increase.

author photo

Doug DeMuro has a wide range of automotive industry experience, from work at a Ferrari dealership to a manager for Porsche North America. A lifelong car enthusiast, Doug's eclectic vehicle purchases include a Porsche 911 Turbo, an E63 AMG wagon, an old Range Rover and a Mercedes Benz G-wagen.

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