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First 2020 Corvette Sold at Auction for $3 Million

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Every time an eagerly anticipated vehicle like the all-new 8th generation Chevrolet Corvette goes into production, the first vehicle off the production line becomes a highly sought after collector’s item. To make the most of that desirability, this weekend Chevrolet auctioned off the first C8 Corvette with the proceeds going to the Detroit Children’s Fund, which will use the funds to improve and expand educational opportunities in Detroit schools. When the gavel fell at Barrett-Jackson Auctions, the final bid was for $3 million by NASCAR race team owner Rick Hendrick. "I am the number one Corvette junkie in the world," said Hendrick. This auction is a sure sign that the new Corvette will start rolling out to dealerships soon, with full production scheduled to start in early February and the first cars reaching dealerships near the end of that month. Stay tuned to this blog for more Corvette C8 news as it happens all the way up to its arrival in our showroom in just a few more weeks! Phillips Chevrolet in Frankfort, Lansing and Bradley has Illinois’ Largest Chevy Inventory, including the current generation Corvette!

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1 Corvette currently in stock at Phillips Chevrolet

2019 Chevrolet Corvette Stingray- #92812

Internet Price: $56,055

Click here to view our complete Corvette Inventory

Categories: News