2024 Corvette E-Ray Drops $30K in Value After Just 1,600 Miles originally appeared on Autoblog.
Sometimes It's Best To Cut Your Losses
With the number of listings for brand-new sports cars and other enthusiast-focused fare on websites like Bring a Trailer, it's tempting to think that holding onto a car rather than driving it is always the smart move. But the owner of a 2024 Chevrolet Corvette E-Ray recently found out that depreciation is still a thing.
As relayed by Carscoops, the owner listed the E-Ray on Bring a Trailer and turned down a high bid of $101,500 for the hybrid sports car. The owner may have thought they could get a better price by waiting, but the car ended up selling for $89,000 after it was delisted on BaT.
A Historic Corvette
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The E-Ray's 2024-model-year introduction was a historic one. The E-Ray is the first Corvette hybrid, and the first with all-wheel drive. Its 6.2-liter V8 works with a front-mounted electric motor to generate a combined 655 horsepower. With a zero to 60 mph time of 2.5 seconds, the E-Ray is actually quicker than the C8 Corvette Z06, although it lacks that car's soulful, high-revving 5.5-liter V8.
The E-Ray can also run the quarter mile in 10.5 seconds at 130 mph, according to Chevy, and a "Stealth Mode" lets it drive on all-electric power at speeds up to 45 mph, albeit not for very long. For 2024, Chevy offered both coupe and convertible versions in 1LZ, 2LZ, and 3LZ specs.
The car in question is a 3LZ coupe in Arctic White with an Adrenaline Red/Jet Black interior. It has the 14-speaker Bose premium audio system, GT2 seats (with heating and ventilation), a heated carbon fiber steering wheel, and Chevy's Performance Data Recorder. It was bought new by the seller for $118,935 and was listed with 1,654 miles on the odometer.
Good News For C8 Shoppers
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Accepting a $101,500 bid that represents a $16,895 is a tough pill to swallow, but being forced to accept an $89,000 offer that's $29,935 below the original purchase price is even tougher. It shows that while some new performance cars are holding their value, the E-Ray isn't one of them.
That may have to do with the fact that, while it is novel, the E-Ray is just one of many models in the C8 Corvette lineup. It's a step up from the base Stingray, but below the Z06, which itself has now been surpassed by the ZR1 and ZR1X and is likely to see values fall as a result. It's unclear how far E-Ray prices will fall, but that's certainly good news for shoppers.
2024 Corvette E-Ray Drops $30K in Value After Just 1,600 Miles first appeared on Autoblog on Aug 12, 2025
This story was originally reported by Autoblog on Aug 12, 2025, where it first appeared.
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