First production 2020 Corvette Stingray sold at auction for R42m

20 January 2020 - 14:41 By AFP Relaxnews
The first production unit of the 2020 Chevrolet C8 Corvette was sold on auction over the weekend for $3-million.
The first production unit of the 2020 Chevrolet C8 Corvette was sold on auction over the weekend for $3-million.
Image: Supplied

At a Barrett-Jackson classic car auction in Scottsdale, Arizona this past Saturday, the first production 2020 Chevy C8 Stingray was bought for $3m (about R43,593,150) – more than $2.9-million (roughly R42,139,610) above its manufacturer's suggested retail price.

During the summer of 2019, Chevrolet announced the eighth-generation drop-top version of the iconic American sports car, the 2020 C8 Corvette Stingray. Though the model was supposed to go into production by the end of the year, it was delayed until February 2020 due to an employee strike. Despite the fact that the first production model hasn't even been built yet, it was already on the slate at the auction house and sold for millions more than its actual base retail price of $59,995 (roughly R871,586)

The car auctioned in Scottsdale is a vibrant red version of the model. The official vehicle will be a black 3LT variant that is outfitted with the Z51 package.

Fortunately, those extra millions are not for profit but will instead be donated to the Detroit Children's Fund, a non-profit organisation with a mission to improve schools and education in Detroit.

The 2020 C8 Corvette will finally be rolling off the production line next month. Deliveries are expected to start in March.


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