The C8 Corvette made waves when it debuted in 2020 as the first factory-produced mid-engine Corvette. It features a 6.2L LT2 V8 that produces 490 horsepower (495 with the performance exhaust) and 470 lb-ft of torque. What’s truly mind-blowing is the acceleration: 0-60 mph in just 2.9 seconds, with some tests recording an even quicker 2.8 seconds. The quarter-mile time is around 11 seconds, putting it in the same league as high-end supercars.
Just a few years ago, C8 Corvettes were selling with dealer markups of $10,000 to $20,000 over MSRP. Now, you can find gently used models for as low as $55,000. Recent sales on platforms like Cars & Bids and Bring a Trailer show prices hovering between $50,000 and $60,000 for low-mileage examples. While it might seem like these cars are losing value quickly, it’s all relative—compared to many new EVs, Corvette depreciation is actually quite stable.
The Chevrolet C8 Corvette is currently experiencing significant depreciation, making it more affordable than ever. Because of depreciation, you can now snag a gently used C8 for around $55,000—sometimes even less. If you’ve been dreaming of owning a mid-engine Corvette but thought it was out of reach, watch this video from The Fast Lane Car on YouTube to help you convince yourself why this might be the perfect time to buy one.
