Kelley Blue Book


HomeChevroletChevrolet Corvette
2023 Chevrolet Corvette
#3 Best Convertibles of 2023

Used 2023 Chevrolet Corvette

4.7
rating
Expert
3.7
rating
Consumer
Write a Review
Save this car
2023 Chevrolet Corvette Exterior: 0
2023 Chevrolet Corvette Lifestyle: 0
Lifestyle (23)
2023 Chevrolet Corvette Colors: 0
Colors (12)
2023 Chevrolet Corvette All Media: 1

View All Media

2025
2023
Fuel Economy
15 - 19 combined mpg
Horsepower
490 - 670 hp
Engine
2 engines available
Engine Options
  • V8, 5.5 Liter
  • V8, 6.2 Liter
Cargo Volume
12.6 cu ft
Next Steps: Shopping for this car?
See Cars for Sale
Build & Price
Get My Car's Value

2023 Chevrolet Corvette Review

Colin Ryan

By Colin Ryan

Updated January 30, 2025

Colin Ryan specializes in writing about new cars. He has done this for the Los Angeles Times, Variety, Kelley Blue Book, Autotrader, Popular Mechanics, Mazda and Lexus customer magazines, plus a bunch of enthusiast sites and publications. And he spent several years as a staff writer at BBC Top Gear magazine. During this zig-zag of a career trajectory, he has driven everything from budget Malaysian hatchbacks (yes, they exist) to scarily expensive Italian exotica.

Pros

  • Supercar performance
  • Supercar styling
  • Relatively affordable

Cons

  • Rearward vision not great
  • No automatic emergency braking
  • No adaptive cruise control

What's New?

  • The high-performance Z06 version arrives
  • 70th Anniversary package is introduced
  • Other new cosmetic additions are also offered

Anyone with even a vague interest will know that this current version of the ’Vette has a mid-engine configuration, which is quite a departure for Chevrolet from the usual front-engine setup of every past Corvette.

An upcoming hybrid version with all-wheel drive and a fully electrified Corvette will make an even sharper break with the past. The Corvette EV will use GM’s Ultium electric-car platform which forms the basis of the Cadillac Lyriq SUV and the 1,000 horsepower GMC Hummer EV pickup.

As it stands, the mid-engine arrangement gives the Corvette its final set of supercar credentials, the ability to compete with exotic machines that are twice or sometimes three times as expensive. And 2023 marks the debut of the 670-horsepower Z06 model. If there’s anything faster on a track, it’s probably an esoteric open-wheeled single-seater like a Formula One car.

The trouble with an F1 racing machine — apart from the cost of a couple of million bucks or so — is that it can’t go for a road trip with a weekend’s worth of luggage, accommodate one’s significant other, play music, or provide daily thrills at a relatively affordable cost. The 2023 Corvette can.

2023 Chevrolet Corvette Pricing

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 2023 Chevrolet Corvette models when purchasing from a dealership.

Original MSRP
KBB Fair Purchase Price (national avg.)
$65,895
$64,866
$73,395
$71,224
$109,295
TBD
$116,795
TBD

For reference, the 2023 Chevrolet Corvette originally had a starting sticker price of $65,895, with the range-topping Corvette Z06 Convertible 2D starting at $116,795.

Driving the Chevrolet Corvette

All those well-worn phrases like “America’s supercar” and “the performance machine that’s also a daily driver” can’t help but spring to mind because that’s exactly what the Chevrolet Corvette is. It’s a joy, a thrill, an experience to be savored, treasured, relished, and repeated.

It all starts with the 6.2-liter V8 propelling a lightweight (it’s predominantly a composite body on a metal frame) 2-seater car with 490 horsepower. By placing the engine just behind those seats and fitting a well-tuned suspension, the 2023 Corvette has the poise and reactions of the finest mid-engine supercars.

Fast, precise steering matches rapid acceleration, while a standard mechanical limited-slip differential contributes to traction. From the 2LT trim and up, the Corvette also comes with a performance data recorder.

It all gets turned up to 10 with the Z51 performance package. As well as an exhaust system that raises power by a fraction, this bundle brings a more track-focused suspension, stronger brakes, electronic limited-slip differential, high-performance tires, heavier-duty cooling, plus a Z51 front splitter and rear spoiler.

It all gets turned up past 11 with the new 2023 Z06. This is an even more trackable machine: more rubber, more downforce, more sportiness in the adaptive suspension, and more power from a special engine.

This 5.5-liter V8 has a lightweight flat-plane crankshaft, forged aluminum pistons, and forged titanium connecting rods. They all help to enable a high-revving unit that can develop 670 horsepower at a spine-tingling 8,400 rpm.

Neither Corvette engine has any forced induction like a turbocharger. Using good old-fashioned natural aspiration makes it possible to make fine throttle adjustments while screaming through high-speed corners (on a track, of course).

Pay no heed to the cavemen (or cavewomen? Cavepersons?) moaning about the lack of a manual transmission. The 8-speed dual-clutch automated setup in every 2023 Corvette is better. Drivers can still choose when to change gears by using the shift paddles behind the steering wheel. But the actual shift action is faster than any human can manage. And it will never miss a gear.

Interior Comfort

It’s almost obligatory to put a flat-bottomed steering wheel into a sporty car these days. That’s because it’s easier for the driver’s knees to slip under. The 2023 Corvette goes one better with a flat top as well. It all makes sense from the driver’s seat, where the missing upper arc results in better forward vision. And it looks cool.

In the upper trim levels, the materials — and leather or simulated suede wrapping of the instrument cluster, door panels, and center console — are more like high-class luxury cars than the actual performance bargain that a new Corvette Stingray really is. But even the basics are done right, with a driver-centric cockpit and a well-considered layout of all the controls.

A Stealth interior package joins the options list of the 2LT and 3LT models, bringing dark-finished aluminum trim pieces. This year’s new 70th Anniversary package for the 3LT coupe and convertible includes white leather seating surfaces, red seat belts, and special weekend bags of premium leather.

Speaking of baggage, the Corvette has a trunk between the engine and the rear of the car. It’s roomy enough for a couple of golf bags. There’s also a small storage area under the hood.

Exterior Styling

Three years on from its debut and this generation of Corvette still turns heads with its “is that a Ferrari?” styling. The usual mid-engine supercar cues are evident, like the large air intakes on the sides, the position and shape of the cabin, and the engine visible through the rear window.

The coupe has removable roof panels, available in optional carbon fiber or transparent. The convertible comes with a power-folding hardtop that deploys while on the move. So no one has to get out of the car as they would to remove and stow the coupe’s panels.

Both body styles of the Corvette Stingray ride on 19×8.5-inch alloy wheels up front and 20×11-inch alloys at the back. The optional 70th Anniversary package available with the 3LT trim comes with its own design of forged alloy wheels, plus red-painted brake calipers.

This year’s fresh paint choices are White Pearl Metallic Tricoat and Carbon Flash Metallic.

The new Z06 is wider than the Stingray, with 20×10-inch alloys at the front and 21×13-inch rims behind, all wearing Michelin Pilot Sport 4S ZP tires. Its aerodynamic additions have also been developed specifically for this car. With the optional Z07 package, there are 734 pounds of downforce at 186 mph.

Favorite Features

Z51 PERFORMANCE PACKAGE
Since the 2023 Corvette is a sports car, our favorite bits are unapologetically in the pursuit of driving thrills. The Z51 performance package sharpens and upgrades several aspects to explore and exploit this machine’s potential.

Z06
New for 2023, the 670-horsepower Corvette Z06 is available as a coupe or a convertible with a power-retractable hardtop, just like the regular Stingray version. The chassis is stiff enough for there to be no suspension differences between the two.

Standard Features

Trim levels for the 2023 Corvette Stingray coupe and convertible are 1LT, 2LT, and 3LT.

The 1LT comes with LED headlights, a 12-inch driver information display, keyless entry/ignition, remote start, 8-way power-adjustable seats, power-adjustable steering column, leather-wrapped steering wheel, leather seating surfaces, and dual-zone automatic climate control. The convertible model also has a power-folding retractable hardtop.

The infotainment setup contains an 8-inch touchscreen, wireless Apple CarPlay/Android Auto smartphone integration, Wi-Fi, satellite radio, two USB ports, Bluetooth, and a 10-speaker Bose sound system.

Although the Corvette has a regular cruise control feature, Chevy doesn’t offer anything like adaptive cruise control or forward collision mitigation with automatic emergency braking.

Factory Options

Following on from the lack of advanced safety systems in the 2023 Corvette, the 2LT and 3LT coupes gain a rear camera mirror, which is also standard in every convertible model. Plus blind-spot monitoring with rear cross-traffic alert. Given the otherwise poor rearward vision that comes as part of the territory with a mid-engine supercar, we’d say the 2LT is a better call than the base model.

A head-up display also comes in at the 2LT level, along with memory settings for the seats/mirrors/steering wheel, performance data/video recorder, heated/ventilated seats, heated steering wheel, front curb-view camera, wireless charging, and a 14-speaker Bose audio upgrade.

A lot of buyers will be interested in the Z51 performance package, itemized in the Driving section. A special Z51 adaptive suspension is also available, along with a version for cars without this particular package. The optional front lift feature with adjustable height and memory is a $2,260 alternative to scraping the front lip on speed bumps and things like entrances to gas stations.

There are stripes, different colors of brake calipers and seat belts, competition bucket seats, bespoke luggage, and different wheel designs to choose from. This year brings the 70th Anniversary package, mentioned in this review’s Interior and Exterior sections. Buyers can even take delivery of their new Corvette from the Corvette Museum in Bowling Green, Kentucky.

Offered as a coupe or hard-top convertible, the 2023 Z06 is its own animal, with model-specific wheels and aerodynamic treatment in addition to its powerful engine and standard sport-tuned adaptive suspension. It does have special options as well, such as carbon-fiber wheels. Plus, the Z07 package that re-tunes the suspension, fits Michelin Sport Cup 2 R ZP tires, adds Brembo carbon-ceramic brake discs, and a carbon-fiber rear wing.

Engine & Transmission

The engine in Stingray versions of the 2023 Corvette is a 6.2-liter V8 generating 490 horsepower and 465 lb-ft of torque. When the performance exhaust system of the Z51 package is in the picture, add another five horses and five pound-feet.

The new-for-2023 Z06 has a hand-assembled 5.5-liter V8, yet develops greater power from this lower displacement — 670 horsepower — along with 460 lb-ft of torque.

Both engines are mid-mounted and naturally aspirated, meaning no turbochargers or superchargers. And they each drive just the rear wheels using an 8-speed dual-clutch automated transmission.

Premium gasoline is recommended throughout. These fuel economy estimates for the Stingray are from 2022, but we don’t expect the Environmental Protection Agency (EPA) to announce any significant changes for 2023.

As more details emerge about the upcoming hybrid and electric versions of the Corvette, we’ll be on the front lines to provide each model’s performancec specs, including horsepower output and driving range.

6.2-liter V8 (Stingray)
490 horsepower @ 6,450 rpm (495 w/performance exhaust)
465 lb-ft of torque @ 5,150 rpm (470 w/performance exhaust)
EPA city/highway fuel economy: 16/24 mpg

5.5-liter V8 (Z06)
670 horsepower @ 8,400 rpm
460 lb-ft of torque @ 6,300 rpm
EPA city highway fuel economy: TBA


What did you think of this review?

More About How We Rate Vehicles
Advertisement

2023 Chevrolet Corvette
KBB.com Consumer Reviews

3.7
Consumer Rating
Based on 88 Consumer Reviews
Write a Review
65%Recommend this vehicle
5
64%
5
64%
4
3%
4
3%
3
0%
3
0%
2
9%
2
9%
1
24%
1
24%
Value
3.7
Performance
3.8
Quality
3.6
Comfort
3.6
Reliability
3.6
Styling
3.8

Trending Topics in KBB.com Consumer Reviews

2023 Chevrolet Corvette Styles

Style
Price
Combined Fuel Economy
Horsepower
Engine
Cargo Capacity
Torque
Curb Weight
Stingray Coupe 2D
$64,866
19 MPG
490 @ 6450 RPM
V8, 6.2 Liter
12.6 cu ft
465 lb-ft
3366 lbs
Z06 Coupe 2D
N/A
15 MPG
670 @ 8400 RPM
V8, 5.5 Liter
12.6 cu ft
460 lb-ft
3500 lbs
See Full Specs for All 2023 Chevrolet Corvette Styles
Advertisement

2023 Chevrolet Corvette Depreciation

A 2023 Chevrolet Corvette has depreciated $4,351 or 6% in the last 2 years and has a current resale value of $61,544 and trade-in value of $58,368.

Login or create a new account to see your vehicle depreciation forecast data.

Historical
historical solid line
Forecast
forecast dash line
2023 Chevrolet Corvette
Compare up to 3 vehicles by logging in.

2023 Chevrolet Corvette Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2023
-
$65,895
$65,895
2024
+ $4,061
$69,956
$66,863
Now
$8,412
$61,544
$58,368
Lock Icon

Unlock Forecast

2-Year Forecasted Depreciation

*Depreciation for the last 12 months of the private party resale value.

2023 Chevrolet Corvette Depreciation

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.


Is this information helpful?

Already Own This Car?

Get My Car's Value
See Cars for Sale

Specifications

Dimensions, Weights & Capacities

Curb Weight
3366 lbs.
Fuel Capacity
18.5 gallons
Front Head Room
37.9 inches
Front Leg Room
42.8 inches
Max Seating Capacity
2
Overall Length
182.3 inches
Front Shoulder Room
54.4 inches
Trunk or Cargo Capacity
12.6 cu.ft.
Wheel Base
107.2 inches

Exterior

Alloy Wheels
Available
Number of Doors
2 doors
Power Folding Exterior Mirrors
Available
LED Headlights
Available
Rear Spoiler
Available

Fuel Economy

City
16 mpg
Highway
24 mpg
Combined
19 mpg

Mechanical

Drivetrain
RWD
Transmission Type
Automatic
8 speed
Available
Recommended Fuel
Regular
Dual-Clutch Automatic Transmission
Available
Limited Slip Differential
Available
Parking Assist System
Available

Performance

Horsepower
490 @ 6450 RPM
Torque
465 @ 5150 rpm
Engine
V8, 6.2 Liter

Warranty

Basic
3 years / 36000 miles
Powertrain
5 years / 60000 miles
Corrosion
6 years / 100000 miles

Comfort & Convenience

  • Heated Steering Wheel
  • Integrated Garage Door Opener

Entertainment

  • Premium Radio
  • Satellite Radio
  • Bluetooth Streaming Audio

Interior

  • Leather-Wrapped Steering Wheel
  • Power Windows
  • Rear Window Defroster
  • Power Outlet
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Leather Seats
  • Cloth Seats
  • Heated Seats
  • Dual Power Front Seats
  • Power Driver's Seat

Security

  • Alarm System

Technology

  • Bluetooth Wireless Technology
  • Cruise Control
  • Navigation System
  • Remote Keyless Entry
  • Internet Access
  • Push-Button Engine Start
  • Remote Engine Start
  • Smartphone Interface
  • Touch Screen Monitor
  • USB Port
  • Voice Recognition System

2023 Chevrolet Corvette Safety

2023 Chevrolet Corvette Safety Technology

Airbags

There isn’t a lot of advanced safety technology in the 2023 Corvette, but at least the two occupants have front and side airbags.

Rear camera mirror

This replaces the conventional rearview mirror with a small screen showing the feed from a rear-facing camera. There’s never a lot of rearward vision with a mid-engine supercar, but this item — standard from the 2LT level in the coupe, fitted to every new Corvette convertible — brings a better view than the small back window can provide.

Blind-spot monitoring

Chevrolet calls it Side Blind Zone Alert. Either way, it’s enhanced with rear cross-traffic alert and comes as standard in both the coupe and convertible at the 2LT trim level. See above about limited vision in a mid-engine supercar. Anything that helps a driver keep aware of what’s going on around the car is always worth having.

Compare to Similar Vehicles

Used 2023
Chevrolet Corvette
Used 2023
Toyota GR Supra
New 2025
Chevrolet Corvette
Used 2023
Dodge Challenger
See Details
Price
$64,866
$52,025
$69,995
$56,125
KBB.com Rating
4.7
4.4
4.7
3.6
Consumer Rating
3.7
3.2
3.7
4.7
Fuel Economy
City 16/Hwy 24/Comb 19 MPG
City 23/Hwy 31/Comb 26 MPG
City 16/Hwy 25/Comb 19 MPG
City 13/Hwy 22/Comb 16 MPG
Fuel Type
Gas
N/A
Gas
N/A
Seating Capacity2225
Basic Warranty
3 years or 36000 miles
3 years or 36000 miles
3 years or 36000 miles
3 years or 36000 miles
Horsepower
490 @ 6450 RPM
382 @ 5800 RPM
490 @ 6450 RPM
717 @ 6000 RPM
Engine
V8, 6.2 Liter
6-Cyl, Turbo, 3.0 Liter
V8, 6.2 Liter
V8, HEMI, Supercharged, 6.2 Liter
Drivetrain
RWD
RWD
RWD
RWD
Compare More

2023 Chevrolet Corvette Rankings

People Who Viewed This Also Viewed
Used 2023
Chevrolet Camaro
$26,068
22 MPG
Combined Fuel Economy

More Chevrolet Corvette News & Information

General
2025 Corvette ZR1 Breaks 5 US Track Records

Chevrolet drivers broke track records at five prominent American race tracks in the 2025 Corvette ZR1, using only stock parts.

Sean Tucker February 17, 2025
Sports Car
Recall Alert: 2024-2025 Chevrolet Corvette

Chevrolet has ordered dealers to stop selling Corvette models temporarily and issued a recall for 13,464 of the sports cars…

Sean Tucker June 13, 2024
General
Want to Love Your Car? Buy a Corvette, Says Consumer Reports

Car shopping is nerve-wracking. The right purchase can protect your finances, make you smile when you see it, feel like…

Sean Tucker February 09, 2024

FAQs

How much is a 2023 Chevrolet Corvette?

The regular 2023 Corvette Stingray coupe starts at $61,900 in 1LT trim, with the Stingray Convertible in 3LT trim topping out at $80,850. Plus destination charges. The new-for-2023 Z06 high-performance variant starts at $105,000.

How fast is a 2023 Chevrolet Corvette?

The 2023 Corvette Stingray with the optional Z51 performance package can sprint from standstill to 60 mph in a breathtaking 2.9 seconds and hit a top speed of 184 mph. When the Z06 goes up against the stopwatch, it should be even quicker.

How much horsepower does a 2023 Chevrolet Corvette have?

The regular 2023 Corvette Stingray enjoys a perfectly over-the-top 490 horsepower (make that 495 with the performance exhaust system), while the new Z06 shows off a phenomenal 670 horsepower.

Is the 2023 Chevrolet Corvette a good vehicle?

Yes, the 2023 Chevrolet Corvette is a good car, as reflected by its above-average Kelley Blue Book rating of 4.7 out of 5.

What is the MPG for a 2023 Chevrolet Corvette?

2023 Chevrolet Corvette city/highway fuel economy ratings range from 12/21 mpg to 16/24 mpg, depending on trim and equipment.

How much should a 2023 Chevrolet Corvette cost?

Used 2023 Chevrolet Corvette prices currently range from $64,866 for the Z06 Convertible 2D to $71,224 for the Stingray Convertible 2D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.

What's the cheapest Chevrolet Corvette?

The cheapest 2023 Chevrolet Corvette is the Z06 Convertible 2D, with a Kelley Blue Book Fair Purchase Price of $64,866.

Also from Chevrolet

Advertisement