First production 2020 Chevy C8 Stingray auctioned for US$3 million

The first production unit of the 2020 Chevrolet C8 corvette was auctioned off over the weekend for US$3 million. © Courtesy of Chevrolet

ARIZONA: At a Barrett-Jackson classic car auction in Scottsdale, Arizona this past Saturday, the first production 2020 Chevy C8 Stingray was bought for US$3 million – more than US$2.9 million over its starting MSRP.

During the summer of 2019, Chevrolet announced the eight-generation drop-top version of the iconic American sportscar, 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 over its actual base retail price of US$59,995.

Temporarily holding the place of the first production Stingray, which was sold off for a whopping US$3 million during a Barrett-Jackson classic car auction in Scottsdale, is a vibrant red version of the model; the official vehicle will be a black 3LT variant that’s 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 nonprofit 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.