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2023 Chevrolet Corvette

2023 Chevrolet Corvette

Convertible
rear wheel drive
premium unleaded (required)
Horsepower
670 hp
MPG Combined
MSRP
$121,500
Torque
460 lb-ft
Reliability Score
97/ 100Excellent
Based on 28 NHTSA complaints

Should You Buy a 2023 Chevrolet Corvette?

The 2023 Chevrolet Corvette Convertible is a striking example of American engineering, boasting a powerful 5.5L V8 engine that delivers an impressive 670 horsepower and 460 lb-ft of torque. With an MSRP of $121,500, this rear-wheel-drive sports car is designed for enthusiasts who crave performance and style. The 8-speed automated manual transmission ensures quick gear shifts, enhancing the driving experience, while the convertible body type adds an element of freedom and excitement for open-air driving. However, potential buyers should be aware of its fuel requirements, as it necessitates premium unleaded fuel and has a combined MPG of 15.0, which may not be ideal for everyday use.

While the Corvette offers exhilarating performance, it is essential to consider the NHTSA complaint data, which indicates a total of 28 complaints, including 1 crash incident and 2 fire incidents. Despite these concerns, the vehicle boasts a high reliability score of 96.8/100, suggesting that it is generally dependable. Buyers should weigh the thrill of owning a high-performance sports car against the potential risks highlighted in the complaint data.

Ideal For

The 2023 Chevrolet Corvette Convertible is best suited for performance-oriented individuals or couples who prioritize speed, style, and the thrill of open-top driving.

Strengths

  • +Exceptional horsepower and torque for thrilling performance
  • +High reliability score indicating overall dependability
  • +Stylish convertible design for an exhilarating driving experience
  • +Advanced 8-speed automated manual transmission for quick shifts
  • +Strong brand heritage and cultural relevance in the sports car market

Weaknesses

  • -Requires premium unleaded fuel, impacting running costs
  • -Low fuel economy with a combined MPG of 15.0
  • -Limited seating capacity (only 2 seats)
  • -Reported incidents of fire and crash may concern potential buyers
  • -Higher price point may limit accessibility for some buyers

Known Issues (NHTSA Data)

The 2023 Chevrolet Corvette has recorded 28 complaints with notable concerns in the powertrain and electrical system categories. While there have been incidents involving crashes and fires, the overall reliability score remains high at 96.8/100. Buyers should remain vigilant about the reported issues but can take comfort in the Corvette's strong performance and engineering.

Top Complaint Areas
UNKNOWN OR OTHER21% of complaints
POWER TRAIN18% of complaints
ELECTRICAL SYSTEM14% of complaints
SERVICE BRAKES11% of complaints
VISIBILITY/WIPER7% of complaints

Performance

Horsepower
670 hp
Torque
460 lb-ft
Engine
5.5 L
Cylinders
V8
Transmission
7-speed manual
Drive Type
rear wheel drive

Efficiency

MPG Combined
Fuel Type
premium unleaded (required)

Dimensions

Length
Width
Height
Wheelbase
Curb Weight
Ground Clearance

Capacity

Doors
2
Seating
2
Cargo
Max Cargo
Max Towing
Max Payload

ddpc Estimated Value

$73,995
$62,896 – $85,094
39% from MSRP
Original MSRP: $121,500
Depreciation Over Time
New
3yr
5yr
ddpc Estimate based on original MSRP, standard depreciation curves, vehicle class, and NHTSA reliability data. Not a substitute for professional appraisal. Actual value depends on condition, mileage, location, and market conditions.

Estimated Cost of Ownership

Estimated Annual Cost
$9,057
Per Mile
$0.75
5-Year Total
$92,790
Fuel
$2,800/yr
Maintenance
$600/yr
Insurance
$5,657/yr
Depreciation
$9,501/yr
Based on industry-standard estimates for this vehicle class. Fuel cost assumes 12,000 mi/yr at national average gas prices. Maintenance uses class-based intervals, not manufacturer-specific schedules. Actual costs vary by location, driving habits, and vehicle condition.

Available Trims (3)

Corvette
Z06 2dr Convertible w/2LZ (5.5L 8cyl 8AM) (7-speed manual)
670 hp
rear wheel drive
$121,500
Corvette
Stingray 2dr Coupe w/1LT (6.2L 8cyl 8AM) (7-speed manual)
490 hp
rear wheel drive
$64,500
Corvette
SIDI
RWD

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