By KBB Editors
Updated December 23, 2019
If you love your cars American and iconic, the 2011 Chevrolet Corvette is a sports car purist’s dream come true. Drivers experience awesome V8 power, amazing handling and an interior filled with enough creature comforts to rival some luxury cars.
Though its handling is admirable, fans of lighter, more nimble sports cars may find the Corvette’s size ponderous in tight turns.
There are a number of changes for the 2011 Corvette, most notably the availability of contrasting headlamp housing, cross-drilled brake rotors, Magnetic Ride Control on Grand Sport (includes Goodyear F1 Supercar Gen II tires when equipped with a manual transmission), and a six-speed paddle shift automatic transmission. The Z06 receives standard F1 tires and a newly tuned exhaust, while a new Z07 and Carbon Fiber Package are added to the option’s list.
Once hailed as America’s only true two-seat sports car, the 2011 Chevrolet Corvette continues to offer driving enthusiasts the most bang for the buck, running neck-and-neck (and in some cases surpassing) exotic cars costing up to four times as much – or even more. No where else but in America can you find a two-seat sports car costing roughly $50,000 and delivering 430 horsepower while returning an EPA highway fuel economy figure of 26 miles per gallon. Although not as light or nimble as the Porsche 911, the Corvette Grand Sport delivers a track-ready performer, while the car’s luxurious interior and comfortable ride make it perfect for daily commutes or long weekend getaways. For those willing to spend a lot more, there’s the 505 horsepower Z06, and the supercar-status ZR1.
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors, but here's a general idea of what buyers are currently paying for used 2011 Chevrolet Corvette models when purchasing from a dealership.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$49,900 | $24,738 | |||
$54,550 | $25,880 | |||
$59,450 | $26,282 | |||
$63,450 | $26,191 | |||
$77,530 | $39,327 | |||
$112,050 | TBD |
For reference, the 2011 Chevrolet Corvette originally had a starting sticker price of $49,900, with the range-topping Corvette ZR1 Coupe 2D starting at $112,050.
With all the high-tech performance enhancements given the 2011 Chevrolet Corvette, significant improvements, especially in the areas of steering and acceleration, are readily appreciated. The 6.2-liter V8 suffers no shortage of power, a fact the driver is reminded of with even the slightest touch of the accelerator. There is no need to work hard to "handle" this muscle machine. Instead, it steers with ease and precision, dealing with twists and turns as effortlessly as imaginable. All three of the suspension packages – a base system, Magnetic Ride Control and the Z07 Performance package – are a welcome attribute designed to satisfy a wide range of driving styles, from the casual weekend cruiser to the hard-core track enthusiast. In the sport mode the Corvette grabs the pavement with tenacity, and in touring mode it soaks up road harshness like a large luxury sedan.
The Corvette’s clean, uncluttered interior is executed using the highest quality parts and trim, bringing it into world-class contention. A handsome Custom Leather-Wrapped Interior Package (part of the 4LT Package) is well worth the extra cost, adding a dash of elegance to Chevrolet’s road warrior. The package adds two-tone leather inserts to the dash and console area, a nice touch for those who prefer to customize their rides. The Corvette’s seats are surprisingly supportive yet not so snug as to cinch the driver in place. Interior sound levels are about average for this class, which means the Corvette’s cabin can still be noisy at highway speeds.
The 2011 Chevrolet Corvette bears a strong family resemblance to previous Corvettes dating back to the ground-breaking 1968 C3 design, although the subtle changes to the exterior make this sixth-generation car a different animal than its predecessors. Overhangs both front and rear are noticeably shorter and the overall look is less boy-racer and more sophisticated sports car. A flush-fitted set of headlamps molded to fit the curving hood line set off the front of the car, a radical departure from the pop-up headlamps gracing the Corvette’s design language since 1963. A large removable body-colored roof panel comes standard and can be ordered with tinted glass or in a package that includes one of each (not available on Z06).
Six-Speed Transmission
Chevrolet’s latest short-throw six-speed manual transmission makes the shifter in past Corvette models feel like something pulled out of a 1966 Chevy pickup.
Keyless Access with Push Button Start
Keep your keys in your purse or pocket – when you approach the car, you simply reach for a touch-panel in the door handle and the vehicle starts up with the press of a button.
The 2011 Corvette features a 6.2-liter V8 engine, six-speed manual transmission, traction control, limited-slip rear axle, four-wheel anti-lock disc brakes (ABS), side-impact airbags, xenon headlamps, AM/FM stereo with CD/MP3 capability, auxiliary input jack, XM Satellite Radio, OnStar, color-keyed removable roof panel, dual-zone air conditioning, Driver Information Center (DIC), keyless access with push-button starter, leather seats, six-way power driver’s seat, cruise control, leather-wrapped tilt steering wheel and 18- and 19-inch front and rear alloy wheels, respectively. The Grand Sport adds wider fenders, unique wheels, revised suspension settings, Z06 style front splitter and rear spoiler, larger brakes and specific manual transmission gear ratios (specific rear axle ratios on automatic-equipped models.) The Z06 adds a race-inspired 7.0-liter V8, revised front end, wider rear fenders, 18-inch front and 19-inch rear ten spoke wheels and a track-inspired suspension.
Options include a paddle-shift six-speed automatic transmission, Head-Up Display (HUD), Bose audio with six-disc in-dash CD/MP3 player, power tilt/telescoping steering wheel, Turn-by-Turn and DVD navigation, Magnetic Selective Ride Control, dual-mode exhaust system, transparent roof panel and polished alloy wheels. Also available is the Custom Leather-Wrapped Interior Package, which adds padded door armrests, custom embroidery on the dash and headrests and two-tone leather-wrapped pieces to the upper and lower instrument panel, door pads and seats. The Z06 offers a number of performance enhancement options including the Z07 Performance Package which adds Brembo ceramic brakes, Magnetic Ride Control, larger Michelin Pilot Sport 2 tires, competition gray 20-spoke wheels (19-inch front/20-inch rear), and the CFZ Carbon Fiber Package, with black carbon fiber splitter, rockers, roof panel and body-color, and a ZR1-style full-width rear spoiler.
Although there is no denying the pleasure a 430-horsepower (436 horsepower with the optional dual-mode exhaust) V8 delivers, with the Corvette you also get a certain lack of refinement. The 6.2-liter LS3 small-block V8 feels gruff at idle and roars loudly when pressed into action. It’s a purely American feel that instantly takes one back to the late 1960’s muscle car era. Porsche and Jaguar lovers will probably never love this engine, but they can’t easily overlook its tremendous performance potential, either. The Z06’s 7.0-liter V8 pushes the level of performance and refinement into the realm of the European supercars, delivering exhilarating performance from the Z06’s much lighter frame.
6.2-liter V8 LS3
430 horsepower @ 5900 rpm
424 lb.-ft. of torque @ 4600 rpm
EPA city/highway fuel economy: 16/26 (manual), 15/25 (automatic)}
7.0-liter V8 LS7
505 horsepower @ 6300 rpm
470 lb.-ft. of torque @ 4800 rpm
EPA city/highway fuel economy: 15/24
Login or create a new account to see your vehicle depreciation forecast data.
Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2022 | + $1,511 | $23,893 | $22,707 | ||
2023 | $2,161 | $21,732 | $19,967 | ||
2024 | $103 | $21,629 | $17,569 | ||
Now | $194 | $21,435 | $17,422 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Curb Weight | 3221 lbs. | ||
---|---|---|---|
Fuel Capacity | 18.0 gallons | ||
Front Head Room | 37.7 inches | ||
Front Leg Room | 43.1 inches | ||
Max Seating Capacity | 2 | ||
Overall Length | 174.6 inches | ||
Front Shoulder Room | 55.2 inches | ||
Trunk or Cargo Capacity | 11.0 cu.ft. | ||
Wheel Base | 105.7 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Fog Lights | Available | ||
HID Headlights | Available | ||
Number of Doors | 2 doors | ||
Rear Spoiler | Available |
City | 15 mpg | ||
---|---|---|---|
Highway | 25 mpg | ||
Combined | 18 mpg |
Drivetrain | RWD | ||
---|---|---|---|
Transmission Type | Automatic | ||
6 speed | Available | ||
Recommended Fuel | Premium | ||
Limited Slip Differential | Available |
Horsepower | 430 @ 5900 RPM | ||
---|---|---|---|
Torque | 424 @ 4600 rpm | ||
Engine | V8, 6.2 Liter | ||
0 to 60 | 4.2 seconds |
Basic | 3 years / 36000 miles | ||
---|---|---|---|
Powertrain | 5 years / 100000 miles | ||
Corrosion | 6 years / 100000 miles |
Used 2011 Chevrolet Corvette | Used 2019 Volkswagen Beetle | Used 2017 BMW 4 Series | Used 2016 Audi S5 | ||
---|---|---|---|---|---|
Price | $25,880 | $24,067 | $23,498 | $24,349 | |
KBB.com Rating | 3.7 | 3.6 | 4.2 | 4.2 | |
Consumer Rating | 4.8 | 4.3 | 4.7 | 4.8 | |
Fuel Economy | City 15/Hwy 25/Comb 18 MPG | City 26/Hwy 33/Comb 29 MPG | City 20/Hwy 30/Comb 24 MPG | City 18/Hwy 26/Comb 21 MPG | |
Fuel Type | Gas | Gas | Gas | Gas | |
Seating Capacity | 2 | 4 | 4 | 4 | |
Basic Warranty | 3 years or 36000 miles | 6 years or 72000 miles | 4 years or 50000 miles | 4 years or 50000 miles | |
Horsepower | 430 @ 5900 RPM | 174 @ 5000 RPM | 320 @ 5500 RPM | 333 @ 5500 RPM | |
Engine | V8, 6.2 Liter | 4-Cyl, Turbo, 2.0 Liter | 6-Cyl, Turbo, 3.0 Liter | V6, Supercharged, 3.0L | |
Drivetrain | RWD | FWD | AWD | AWD |
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2011 Chevrolet Corvette city/highway fuel economy ratings range from 14/20 mpg to 15/25 mpg, depending on trim and equipment.
Used 2011 Chevrolet Corvette prices currently range from $25,880 for the ZR1 Coupe 2D to $39,327 for the Z06 Coupe 2D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2011 Chevrolet Corvette is the ZR1 Coupe 2D, with a Kelley Blue Book Fair Purchase Price of $25,880.
The 2011 Chevrolet Corvette is part of the 6th-generation Corvette, which our owners give an above-average reliability rating of 4.8 out of 5.