The C8-generation Chevrolet Corvette will be unveiled on July 18th but before that day arrives, Motor Trend has estimated how much the mid-engine supercar will set back buyers in the United States.

Considering the development work General Motors has needed to do in order to make a mid-engine Corvette, it should come as no surprise that the C8 will be more expensive than the C7. However, it won’t be a piece of unobtainium like so many mid-engine European cars currently on sale throughout the United States.

The U.S. publication suggests that the entry-level C8 Corvette model, tipped to retain the Stingray name, will probably start from about $70,000. While that is approximately $15,000 more than a base C7, it is not excessive and seems like a reasonable price to pay for all the benefits a mid-engine performance car has over one with the engine hanging over the front wheels. A $70,000 starting price puts the C8 Corvette at the same price point as a Porsche Cayman S, another mid-engine sports albeit this time from Europe.

Also Read: Convoy Of Nearly Half A Dozen Corvette C8 Prototypes Filmed In Nashville

The standard C8 Corvette is expected to be powered by an improved version of GM’s trusty 6.2-liter naturally-aspirated V8 engine with 500 hp.

As you would expect, the C8 will be sold in a number of different configurations and with various engine options. At least one variant is expected to have a twin-turbocharged 5.5-liter V8 engine while another could feature this same engine but supplemented with at least one electric motor and delivering around 1000 hp. The most expensive C8 Corvette models may start from around $140,000.

If accurate, that would be about $20,000 more than the current C7 ZR1 and absolutely remarkably for a car with 1000 hp, especially when you consider that a Lamborghini Huracan Evo with its 630 hp starts at over $200,000.