Here’s how much the 2021 Chevy Corvette depreciates over 5 years

The story behind the Chevrolet Corvette is well known. It is one of the most famous and longest-running car nameplates in the world, having been around since 1953. During that time, it has gained a lot of respect from a large number of masses for its strong performance, excellent handling and head-turning styling. The current C8-generation Corvette, built since 2020, emphasizes these inherent characteristics with added technology and the nameplate’s first mid-engine layout. However, as desirable as exotic sports cars can be, the Corvette is still facing depreciation.

CarEdge data suggests that a new Corvette Stingray will lose up to 44% of its original value after five years of typical ownership. This projection is based on an estimated selling price of $82,220 for a new ‘vet and car and an average mileage of 13,500 miles per year. But as any appraisal expert will tell you, depreciation isn’t an exact science, and the exact opposite is true of iSeeCars’ estimates, which indicate the Corvette has suffered a very modest drop in value. According to statistics, the depreciation rate for a conventional gas-powered Corvette coupe is about 26 percent over five years, while the hybrid coupe is estimated to lose about 28 percent of its value after five years.

Hybrid and non-hybrid variants are said to lose 36% and 33% respectively. For the 2021 Chevy Corvette, an analysis by Kelley Blue Book (KBB) suggests its resale value as of January 2026 is $53,600. Considering the model arrived with a base price of $60,995, that means the 2021 Corvette five-year depreciation is 12%. Here’s a look at how the supercar is doing in the market, as well as how its depreciation stacks up against its bigger rivals.

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Five-year depreciation for the 2021 Chevrolet Corvette

A closer look at Classic.com shows that 2021 Corvettes are actually listed above $53,000 five years after they first hit the new scene. The lowest 2021 Corvette sale recorded on the site is $54,000, with top-tier used examples topping out at $101,908.

Classic.com data also shows that the average price for 2021 Corvettes is $69,359, although CarGurus Pricing Trends had the average sales price for sports cars at $65,530 at the time of writing. Both indicate excellent value retention, especially when you consider the six Chevrolet Corvette trims offered for 2021 collectively average $70,995 before options.

Still following impressive resale retention, KBB pegs the 2021 Corvette Stingray coupe’s fair purchase price at $56,000 while Stingray convertibles are pegged at $60,100, versus a base price of $68,495. When you do the math on that, the depreciation rate comes out to about 8% for the coupe (given its starting price of $60,995) and 12% for the convertible.

How 2021 Chevy Corvette Depreciation Compares to Other Luxury Sports Cars

The Chevy Corvette belongs in a hallowed segment with rivals like the venerable Porsche 911, Mercedes-AMG GT, Lexus LC, Audi R8, and more. However, despite being squared off against some universally admired opponents in the car world, a depreciation rate of 12% puts the 2021 ‘Vette firmly among the best performers in the class. However, the 2021 Porsche 911 is the best at holding its price. KBB lists the base-spec 911 2021 Porsche 911 Carrera Coupe as having a resale value of $102,000. When you charged Porsche $102,150 for a new model when it first came out, you get a small depreciation of 0.15%.

Perhaps not surprisingly, 992-generation 911s have a reputation for holding their value really well. More interestingly, KBB listed the base 911’s fair market value as $110,000, suggesting that the car’s value may also increase over time. The Lexus LC is the Lexus LC. But some may find its performance disappointing, by Corvette and 911 standards, at least. That’s because its five-year depreciation works out to about 37%, thanks to its $94,075 starting price and current resale value of $59,700.

One competitor that seems to hold its value exceptionally well by all measures, though, is the Audi R8. Its original price of $145,895 and a resale price of $123,000 puts its depreciation at an impressive 16%. Yet the Corvette is still one of the best in the business on this score, and it’s another reason for Chevrolet to be proud of its excellent mid-engine coupe.

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