Chevy redefines an American icon with the $60,000 2020 C8 Corvette Stingray

General Motors unveiled Chevrolet’s white whale for Corvette enthusiasts on Thursday, a new mid-engine version of the famed American sports car that many have been waiting decades for the automaker to produce.

But the biggest surprise for industry officials wasn’t the car’s 495 horsepower or 0-60 time in under 3 seconds, it was the price. GM President Mark Reuss said the “supercar” will start at under $60,000 — in line with entry-level models of the current, seventh-generation Corvette with the engine mounted up front.

“I was hoping for a starting price of under $80,000, and maybe even under $70,000,” Karl Brauer, executive publisher of Autotrader and Kelley Blue Book said in an email. “For GM to offer the new Corvette for under $60,000 is incredibly impressive given the advanced nature of the new car.”

While some high-performance models are expected to easily top $100,000 — the current track-ready 2019 Corvette ZR1 starts at $123,000 — officials say the entry-level price ensures Corvette will retain its reputation as “obtainable performance” and an “everyman’s sports car.” Executives are hoping the competitive price and high-performance will be enough to lure drivers away from European rivals and boost Corvette’s lagging sales.

https://www.cnbc.com/2019/07/19/chevy-redefines-an-american-icon-with-the-60000-2020-corvette-stingray.html

The long-anticipated mid-engine Corvette is now on its way. I'm looking forward to its appearance.