Who owns Corvettes?
The Corvette is designed, built, and sold by General Motors through its Chevrolet brand, so GM owns the Corvette program and its trademarks. The cars themselves are owned by customers who purchase them, ranging from private buyers to fleets and museums.
The corporate ownership of the Corvette program
Here is how the ownership works at the corporate level:
- General Motors owns the Corvette program, including the Corvette name, design rights, and overall branding.
- Chevrolet is the GM brand responsible for developing, marketing, and producing Corvettes for consumers and fleets.
- The Bowling Green Assembly Plant in Kentucky is the primary production site for Corvettes (including the modern C8 generation).
Taken together, the Corvette is a GM product managed by Chevrolet, with GM holding the strategic control and manufacturing capability behind the line.
Who owns individual Corvettes?
Ownership of a specific Corvette is transferred to buyers when they purchase the vehicle, and it can reside with private individuals, organizations, or institutions. The following categories are typical owners of Corvettes:
- Private individuals and households who purchase new or used Corvettes.
- Car collectors and enthusiasts who add Corvettes to personal or investment collections.
- Museums and educational institutions that display Corvettes for history and science education.
- Corporate fleets, rental agencies, and rideshare or limousine services that operate Corvettes as part of their fleets.
- Police and government agencies that use Corvette patrol or demonstration vehicles (often with special markings).
- Racing teams and sanctioned programs that own or lease Corvette race cars under GM authorization (e.g., Corvette Racing).
In all cases, the vehicle’s title and ownership records are managed by the buyer and the relevant vehicle registration authorities, and warranties and service plans follow the purchaser or lessee.
Racing and ownership
In Corvette Racing, the cars are built to competition specifications under GM's guidance. Ownership of race cars—whether held by GM, a private team, or a collaborating sponsor—depends on the contract and program, but GM maintains strategic control and ensures compatibility with the brand's engineering standards.
Summary
GM owns the Corvette program and trademarks, Chevrolet handles the design, production, and marketing, and individual Corvettes are owned by buyers—ranging from private owners to museums and fleets. The Corvette remains GM's flagship sports car lineage, with an active racing presence through Corvette Racing.
What is the average income of a C8 Corvette owner?
It's been reported that the median income of a C8 owner is $214,000. Here's the breakdown of C8 household income: Under $50,000: 10% $50,000 to $74,999: 9%
What car is the poor man's Corvette?
OPEL GT 1900
OPEL GT 1900 (1970), "The poor man's Corvette"
How much did Rick Hendricks pay for the Corvette?
$3.7 million
Hendrick placed the winning $3.7 million bid on the first retail production 2025 Chevrolet Corvette ZR1, VIN 001, at the Barrett-Jackson Scottsdale Auction on Saturday. The entirety of the hammer price benefitted American Red Cross disaster relief efforts.
Does Joe Biden still own a Corvette?
1967 Corvette Stingray
The car closest to Biden's heart, and a motor that still sits in his garage today is a 1967 Chevrolet Corvette Stingray, finished in a glorious Goodwood-Green. This classic was a wedding present gifted by his Father in August 1967, and was the last 1967 variant in the C2 Corvette range.
