Damon Mcknight
The Chevrolet Corvette has been available in Australia since 2024, with the 2024 Chevrolet Corvette range including the Stingray 2LT, the Z06, and the E-Ray. The 2023 Chevrolet Corvette was also available in Australia, but with limited supply, long wait times, and high prices. The 2026 Chevrolet Corvette ZR1X, a twin-turbocharged V8 hybrid, is not expected to be sold in Australia.
| Characteristics | Values |
|---|---|
| Year | 2023, 2024, 2025, 2026 |
| Model | Chevrolet Corvette, Corvette Stingray, Corvette Z06, Corvette ZR1, Corvette ZR1X, Corvette E-Ray |
| Price | $182,000-$336,000 plus ORCs |
| Price Change | Increase of $15,000 |
| Dealer Delivery Fees | $5,000-$25,000 |
| Availability | Limited, 2-year wait time |
| Features | 3 wheel options, black exhaust tips, blackout interior trim, 'Adrenaline Red' interior trim, exterior paint colour options, decals, brake calliper colour options, seat belt colour options, interior trim colour options |
| Engine | 6.2L V8, 5.5L V8, 7.0L LS7 V8, 5.5-litre twin-turbocharged petrol V8, 6.2-litre petrol V8, 6.2L small-block V8, 4.2L LS3 small-block V8 |
| Power | 339kw (455hp), 321kw (430hp), 377kw (505hp), 793kw, 932kw, 488kw |
| Speed | 0-60mph in under 2 seconds |
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What You'll Learn
The 2023 Chevrolet Corvette will be priced $15,000 higher in Australia
While the price increase may be justified by these economic factors, some dealers have accused General Motors of taking advantage of customers by increasing the RRP to claim a larger profit margin. This is particularly evident given the substantial difference in price increases between the US and Australia, with only minor price hikes of $1000 to $1500 in the US compared to the $15,000 spike in Australia.
Furthermore, the limited supply of Chevrolet Corvettes in Australia has resulted in excessively high dealer delivery fees, with some dealers charging up to $25,000 for the first batch of vehicles. This has further inflated the overall cost of the car for Australian customers.
The high demand and limited supply of the Chevrolet Corvette in Australia have also led to extended waiting times, with some customers facing delays of over two years for their vehicles. This backlog is expected to improve with subsequent batches, as GMSV plans to increase Australian vehicle allocations.
Despite the price increase, the 2023 Chevrolet Corvette will offer new features and customization options for customers. These include three new wheel options, black exhaust tips, and the choice of a blackout or 'Adrenaline Red' interior trim. Customers will also have the ability to personalize their vehicle's exterior paint colour, decals, brake calliper colour, and various other cosmetic features.
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Customers are facing wait times of over two years for the car
Customers are facing wait times of over two years for the 2023 Chevrolet Corvette, with some dealers holding in excess of 50 customer orders. This is due to a combination of high demand and limited supply, with each of the 55 GMSV dealers in Australia allocated just four Chevrolet Corvettes over the past 18 months. The upcoming allocation will deliver just two Chevrolet Corvettes to each dealer, which is expected to further extend the waiting time.
The lengthy wait times are also attributed to the right-hand-drive production rates, which are currently unable to keep up with the demand in Australia. While GMSV has stated that they expect Australian vehicle allocations to increase with subsequent batches, it remains to be seen whether this will significantly reduce the waiting period.
In addition to the long wait, customers in Australia are also facing a price increase of $15,000 for the 2023 Chevrolet Corvette. This is a significant jump compared to the price rises of $1000 to $1500 in the US. The price hike is attributed to "supply-chain restrictions" and "economic price increases," including exchange rate fluctuations between the Australian and US dollars.
Dealer delivery fees in Australia have also been reported to be as high as $25,000 on the first batch of vehicles, further adding to the overall cost. While some dealers have charged VIP customers a standard sub-$2000 delivery fee, the excessive dealer delivery charges have become a point of contention for customers.
Despite the challenges, the 2023 Chevrolet Corvette is expected to offer new features and customization options for customers. These include three new wheel options, black exhaust tips, and the choice between a blackout interior trim or an 'Adrenaline Red' interior trim. Customers will also have the ability to personalize their vehicle by selecting the exterior paint colour, decals, brake calliper colour, and more.
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Dealer delivery fees in Australia are up to $25,000
The 2023 Chevrolet Corvette is set to arrive in Australia in the last quarter of 2022, with prices hiked up by $15,000 compared to previous years. This price increase is attributed to higher dealer delivery fees, which have reached up to $25,000 for the first batch of vehicles. Dealer delivery fees cover the cost of importing the vehicle, transporting it to the dealership, and preparing it for delivery to the customer. While some dealers have charged standard fees ranging from $5,000 to $10,000, others have taken advantage of the high demand and limited supply to impose excessive fees on customers.
The high dealer delivery fees in Australia have sparked scrutiny and criticism. Some customers have accused dealers of capitalising on the shortage of vehicles, with charges exceeding $3,000 to $6,000 for Ford Rangers and even higher for the Corvette C8. General Motors Specialty Vehicles (GMSV), the local division of General Motors in Australia, has stated that they are powerless to control the fees charged by dealers. However, GM in the US has warned its dealers against charging premium fees due to vehicle shortages.
The limited supply of Chevrolet Corvettes allocated to Australia has contributed to the surge in prices and delivery fees. Each of the 55 GMSV dealers in Australia received only four Corvettes over the past 18 months, and the latest allocation provides just two vehicles per dealer. This scarcity has resulted in long waiting times, with some dealers holding over 50 customer orders and pushing wait times beyond two years.
While industry experts suggest that increasing the number of vehicles allocated to Australia could alleviate the issue of high dealer delivery fees, GMSV attributes the price hikes to supply chain issues and economic factors such as exchange rate fluctuations. Customers seeking more transparency in pricing are advised to shop around and utilize online tools for price comparisons.
The 2023 Chevrolet Corvette will offer customers various customization options, including wheel choices, interior trim, exterior paint colours, and performance packages. However, certain options, such as the "engine appreciation package," will not be available to Australian customers.
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The 2024 Chevrolet Corvette range is on sale now
The Stingray features a 6.2-litre 'LT2' V8 engine that delivers 369kW of power and 637Nm of torque, sent to the rear wheels through an eight-speed dual-clutch automatic transmission. The Z06, on the other hand, is a track-focused variant with a highly tuned 5.5L V8 engine.
The E-Ray is the first-ever hybrid Corvette, combining a 6.2-litre petrol V8 with a front-mounted electric motor and a 1.9kWh lithium-ion battery. This combination delivers a maximum output of 488kW of power and 806Nm of torque, making it the fastest-accelerating factory-built Corvette yet, with a claimed 0-100km/h time of 2.9 seconds.
While the 2024 Corvette range is now available, it is worth noting that wait times for Chevrolet Corvettes in Australia have been reported to be well beyond two years due to limited supply and high demand. Additionally, prices for the 2023 model year Corvettes in Australia rose by $15,000, with similar price increases expected for the 2024 range in the future.
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The 2026 Chevrolet Corvette ZR1X will likely not be sold in Australia
The 2026 Chevrolet Corvette ZR1X is an electrified hypercar that combines a twin-turbo LT7 V8 engine with an electrified front axle, delivering an impressive 1,250 horsepower. With extreme power comes extreme stopping ability, and the ZR1X delivers on this front with carbon ceramic brakes—the largest ever featured on a Corvette. The ZR1X also features a variety of carbon fibre elements, including the front splitter, rocker panels, and roof panels, contributing to improved handling and performance.
Despite the excitement surrounding the 2026 Chevrolet Corvette ZR1X, it is unlikely to be sold in Australia, at least not anytime soon. This conclusion can be drawn from the challenges that Chevrolet has faced in the Australian market in recent years. For instance, there have been issues with limited vehicle supply, resulting in lengthy waiting times for customers. In 2022, it was reported that wait times for the Chevrolet Corvette in Australia had stretched beyond two years, with each dealer receiving only four vehicles over an 18-month period.
The situation was further exacerbated by excessive dealer delivery fees, with some dealers charging up to $25,000 on top of the vehicle's purchase price. While Chevrolet attributed the price hikes to "supply-chain restrictions" and "economic price increases", industry insiders believed that these issues could be resolved by increasing the number of vehicles allocated to Australia. Unfortunately, it appears that Chevrolet has not addressed these allocation issues, as a GMSV spokesperson indicated that they expected Australian vehicle allocations to increase gradually.
The availability of the 2026 Chevrolet Corvette ZR1X in Australia is further called into question by the absence of any specific mention of Australia on the Chevrolet website. While the website does allow users to select their country to view vehicle availability, Australia is notably absent from the list of options. This omission suggests that Australia is not a priority market for Chevrolet and that the ZR1X is unlikely to be sold there.
In conclusion, while the 2026 Chevrolet Corvette ZR1X is an impressive hypercar that promises unparalleled performance, it is unlikely to be sold in Australia due to ongoing challenges with vehicle supply, allocation issues, and the absence of Australia from Chevrolet's list of target markets. While Australian enthusiasts of the brand may be disappointed, it appears that the ZR1X will remain out of their reach for the foreseeable future.
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Frequently asked questions
The Corvette has been available in Australia since 2024.
The 2024 Chevrolet Corvette range opened with the “entry” Stingray 2LT from AUD 182,000 plus ORCs. The range topped out with the track-ready Z06, priced at a whopping AUD 336,000 (plus ORCs).
The Corvette Stingray is powered by Chevy’s 6.2-litre ‘LT2’ V8 sending 369kW (close to 500hp) and 637Nm to the rear wheels via an eight-speed dual-clutch auto transmission.
