Prices Increased Up to $5,895 on 2016 Chevrolet Camaro Convertible

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - December 21, 2015

It's hard not to notice how successful the redesigned 2016 Chevrolet Camaro has been at earning accolades. The coupe, on sale for about a month now, appears to be doing well despite prices up to $3,995 higher than last year's model. However, order guides reveal even bigger increases of as much as $5,895 in store for the convertible set to arrive in early 2016. So which models are getting the largest increases? And how will prices stack up next to competitors? Here's what you need to know.

Big changes

Things look straightforward on the surface. According to GM order guides, the 2016 Camaro 1LT Convertible with the new 2.0-liter turbo will start at $33,695 factoring destination - or $1,495 more than the least-expensive 2015 Camaro. The revised V6 variant has been priced at $35,190, or $2,990 more than last year's V6.

But the biggest changes are happening with the upper-spec SS models. For example, the 2016 Camaro 1SS Convertible will start at $44,295, or $3,795 more than last year. The largest change will be with the Camaro 2SS with a $5,895 increase based on a new MSRP of $49,295.

How it stacks up

As a result of the changes, the 2016 Camaro Convertible will start $3,400 higher than the least-expensive 2016 Ford Mustang ragtop. Mid-range styles gets remarkably close, with the new Camaro V6 having a $605 price advantage compared to a Mustang EcoBoost Convertible.

The changes are bit more pronounced when comparing upper-spec models. In 2015, the Camaro 1SS was priced $2,200 less than the Mustang GT Convertible. For 2016, the situation has been reversed with the Camaro positioned $1,500 higher than a corresponding 2016 Mustang GT.

Enthusiasts looking to make comparisons may appreciate that the gap between the Camaro 2SS ragtop and Corvette Stingray Convertible has been cut from $16,595 to $11,100. Versus the Ford Shelby GT 350 (a coupe), the 2SS Convertible falls within just $700. On the higher end, the 2016 Porsche Boxster will now start just $3,800 more than the 2SS.

Here's a look at how the 2016 convertible has been priced relative to competitors. Prices include destination and gas guzzler fees, if applicable.

Trim MSRP Engine Specs Output
2016 Ford Mustang V6 $30,295 3.7L V6 300 hp, 280 lb-ft
2016 Chevrolet Camaro 1LT Turbo $33,695 2.0L I-4 275 hp, 295 lb-ft
2016 Chevrolet Camaro 1LT V6 $35,190 3.6L V6 335 hp, 284 lb-ft
2016 Ford Mustang EcoBoost $35,795 2.3L Turbo 4 310 hp, 320 lb-ft
2016 Chevrolet Camaro 2LT Turbo $37,795 2.0L I-4 275 hp, 295 lb-ft
2016 Chevrolet Camaro 2LT V6 $39,290 3.6L V6 335 hp, 284 lb-ft
2016 Ford Mustang GT $42,795 5.0L V8 435 hp, 400 lb-ft
2016 Chevrolet Camaro 1SS $44,295 6.2L V8 455 hp, 455 lb-ft
2016 Chevrolet Camaro 2SS $49,295 6.2L V8 455 hp, 455 lb-ft
2016 Ford Shelby GT350 $49,995 5.2L V8 526 hp, 429 lb-ft
2016 Porsche Boxster $53,095 2.7L H-6 265 hp, 206 lb-ft
2016 Chevrolet Corvette $60,395 6.2L V8 455 hp, 460 lb-ft

Our take

Like the coupe, GM appears to be willing to bet that the new Camaro Convertible will appeal to shoppers on its own merits despite higher prices. Camaro sales posted a 44% gain in November, likely due to a combination of interest in the redesigned coupe and outstanding sell-down offers on the outgoing model. It remains to be seen whether the bet pays off once we head into warmer weather when convertible sales typically start to gain momentum.

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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