Latest news with #CorvetteERay
Yahoo
4 days ago
- Automotive
- Yahoo
Corvette E-Ray Struggles to Hold Value in Resale Market
⚡️ Read the full article on Motorious Chevrolet's Corvette E-Ray is struggling in resale value, with weak auction results compared to other C8 variants despite strong performance credentials. Chevrolet's Corvette E-Ray, the first hybrid and all-wheel-drive model in the iconic sports car's history, has not matched the strong resale performance of its C8-generation stablemates. Positioned between the Stingray and the track-focused Z06, the E-Ray promised Z06-like acceleration with the fuel efficiency of a Stingray. Early reviews praised its blend of V8 power and electric assistance, but recent auction results suggest tepid demand in the secondary market. Since spring 2024, Mecum Auctions has listed seven E-Rays, selling only one — a convertible with the ZER Performance Package and nine miles on the odometer — for $151,250. The rest failed to meet reserve, with the latest drawing a high bid of just $85,000. Online sales have been similarly mixed. Bring a Trailer has offered five E-Rays; two sold for $103,000 and $96,000, while three did not meet reserve. Cars & Bids listed two in 2024, neither of which sold. The most notable outlier was a Seawolf Gray Tricoat 3LZ Coupe that brought $148,500 at Barrett-Jackson's 2025 Scottsdale auction. The numbers mark a sharp contrast with earlier C8 variants. Since the model's 2020 debut, Stingray and Z06 owners who secured early allocations often turned quick profits by flipping their cars online. That trend has yet to materialize for the E-Ray. Analysts point to several possible factors: Corvette buyers may be less enthusiastic about hybrid technology, concerns about long-term reliability may play a role, or timing may have dampened demand, as the Z06 was already available and the anticipated ZR1 was on the horizon when the E-Ray launched. Despite the cooler reception, the E-Ray remains a high-performance machine commanding six-figure prices. Whether it will see stronger resale interest over time may depend on market perceptions and the pace of hybrid acceptance among Corvette loyalists.
Yahoo
5 days ago
- Automotive
- Yahoo
Corvette E-Ray Struggles to Hold Value in Resale Market
⚡️ Read the full article on Motorious Chevrolet's Corvette E-Ray is struggling in resale value, with weak auction results compared to other C8 variants despite strong performance credentials. Chevrolet's Corvette E-Ray, the first hybrid and all-wheel-drive model in the iconic sports car's history, has not matched the strong resale performance of its C8-generation stablemates. Positioned between the Stingray and the track-focused Z06, the E-Ray promised Z06-like acceleration with the fuel efficiency of a Stingray. Early reviews praised its blend of V8 power and electric assistance, but recent auction results suggest tepid demand in the secondary market. Since spring 2024, Mecum Auctions has listed seven E-Rays, selling only one — a convertible with the ZER Performance Package and nine miles on the odometer — for $151,250. The rest failed to meet reserve, with the latest drawing a high bid of just $85,000. Online sales have been similarly mixed. Bring a Trailer has offered five E-Rays; two sold for $103,000 and $96,000, while three did not meet reserve. Cars & Bids listed two in 2024, neither of which sold. The most notable outlier was a Seawolf Gray Tricoat 3LZ Coupe that brought $148,500 at Barrett-Jackson's 2025 Scottsdale auction. The numbers mark a sharp contrast with earlier C8 variants. Since the model's 2020 debut, Stingray and Z06 owners who secured early allocations often turned quick profits by flipping their cars online. That trend has yet to materialize for the E-Ray. Analysts point to several possible factors: Corvette buyers may be less enthusiastic about hybrid technology, concerns about long-term reliability may play a role, or timing may have dampened demand, as the Z06 was already available and the anticipated ZR1 was on the horizon when the E-Ray launched. Despite the cooler reception, the E-Ray remains a high-performance machine commanding six-figure prices. Whether it will see stronger resale interest over time may depend on market perceptions and the pace of hybrid acceptance among Corvette loyalists.
Auto Car
10-07-2025
- Automotive
- Auto Car
Corvette hybrid hits the UK as a £153k Ferrari 296 rival
The 634bhp hybrid Corvette E-Ray has been launched in the UK for £153,440 in the latest phase of General Motors' plan to revive its business here. Right-hand-drive E-Rays will be sold in a broader range of dealers than the Stingray and Z06 models currently are. GM will start with the Arnold Clark franchises in Manchester and Glasgow, Lumen Automotive in Shrewsbury and the Cambria Group in Birmingham, with more to follow in due course. This will prime GM for the imminent relaunch of Cadillac, which is set to bring the Optiq and Lyriq electric SUVs to the UK, following their arrival in continental Europe. It also gives the industry titan an infrastructure for the rollout of more right-hand-drive Corvette derivatives or mainstream models from the wider Chevrolet brand, such as the Equinox and Blazer EVs – though the company has yet to hint at any such plans. In the meantime, the E-Ray will be GM's flagship model in the UK. It packs a 6.2-litre naturally aspirated V8 and a single front-mounted electric motor. The mid-mounted engine sends 475bhp to the rear wheels while the 159bhp e-motor powers the front axle, giving a combined 634bhp and four-wheel drive. This allows the E-Ray to cover 0-62mph in 2.9sec, matching the vastly more expensive Ferrari 296 GTB and Maserati MC20. A 1.9kWh battery pack is nestled between the Corvette's front seats, enabling it to drive under electric power alone at up to 44mph and for up to four miles. When the battery is depleted, the E-Ray can still hit 62mph in 3.4sec. The hybrid also gets Brembo carbon-ceramic brake discs and magnetorheological dampers as standard and is 91mm wider than the Stingray.
