The Chevrolet Corvette has long been known as a budget supercar. For decades now, Chevy’s relatively affordable coupe and convertible have been harrying cars with price tags double, triple or more than that of the Corvette. That position only grows stronger for 2027 : The Corvette has an all-new engine that makes 45 more horsepower and 55 pounds-feet more torque than the 2026 model’s 6.2-liter V-8, and its price increases just $1,000.