2014 Chevrolet Corvette Stingray pricing announced

The running line regarding 2014 Chevrolet Corvette Stingray pricing has been vague. It usually goes something like: If you can afford today's car, you will be able to afford the C7.

That was proved true Friday, when Chevy said the latest generation of the iconic sports car will start at $51,995, including destination charges. That is $1,400 more than the 2013 model.

The convertible starts at $56,995, also a $1,400 increase compared with the 2013 drop-top.

The Corvette coupe is expected arrive in showrooms in September, followed by the convertible late in the year.

The C7 runs a 6.2-liter LT1 V8 pushing out at least 450 hp and 450 lb-ft of torque, capable of sprints to 60 mph in less than four seconds. It can be paired with a six-speed automatic with paddle shifters or a seven-speed manual gearbox. The aluminum frame is 99 pounds lighter than the previous generation, contributing to significant weight savings.

Notable options include the 3LT interior package ($8,005), Z51 Performance Package ($2,800) and Magnetic Ride Control ($1,795). The sports car revealed at the Detroit auto show would have cost $73,360.

Here's Chevy's breakdown of how that show car was equipped:

-- 3LT interior package, with leather-wrapped interior ($8,005)

-- Z51 Performance Package ($2,800)

-- Competition sports seats ($2,495)

-- Exposed-carbon-fiber roof panel ($1,995)

-- Magnetic Ride Control with Performance Traction Management ($1,795)

-- Dual-mode exhaust system ($1,195)

-- Carbon-fiber interior trim ($995)

-- Suede microfiber-wrapped upper interior trim ($995)

-- Red-painted calipers ($595)

-- Black-painted wheels ($495)

By Greg Migliore