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2001 Chevrolet Corvette Overview, Reviews, Ratings & Specs

Rating: 4.71
Based on 65 Owner Reviews ▶
Simon A | March 31, 2025
The 2001 Chevrolet Corvette is a classic American sports car, part of the C5 generation (1997-2004). It's available as a coupe, convertible, and the high-performance Z06. Key trims include the base Corvette, Z06, and variations with different option packages. When new, prices ranged from approximately $40,000 to $50,000+. Its sleek design, powerful engine, and relative affordability compared to European sports cars contributed to its popularity.
The Good

The 2001 Corvette offers blistering performance from its LS1 V8 engine. It's generally considered reliable, with comfortable cruising capabilities and a striking design that turns heads. For the emotional buyer, it's the thrill of open-top driving or raw power. Practically, it offers decent fuel economy for its class and solid value on the used market.

The Bad

Potential weaknesses of the 2001 Corvette include issues with the column lock system (especially in earlier C5s), headlight motor gear failure, and potential oil consumption in some engines. Watch for a "Service Column Lock" message, flickering headlights, and evidence of oil leaks or excessive oil usage during a pre-purchase inspection.

2001 Chevrolet Corvette: Quick Overview

  • Engine Options:
    • 5.7L LS1 V8 (Base Corvette)
    • 5.7L LS6 V8 (Z06)
  • Horsepower:
    • LS1: 350 hp
    • LS6: 385 hp (Z06)
  • Fuel Economy (Estimated):
    • LS1 (Manual): 18 MPG City / 25 MPG Highway
    • LS1 (Automatic): 19 MPG City / 26 MPG Highway
    • LS6 (Z06): 18 MPG City / 26 MPG Highway
  • 0-60 Times (Estimated):
    • LS1: 5.1-5.3 seconds
    • LS6 (Z06): 4.5-4.7 seconds
  • Towing Capacity: Not recommended or equipped for towing.
  • Trim-Level Features:
    • Base Corvette: Leather seats, dual-zone climate control, power windows/locks/mirrors, AM/FM/CD stereo, cruise control, limited slip differential, and anti-lock brakes.
    • Z06: Higher-output LS6 engine, stiffer suspension, larger brakes, unique wheels, and lighter weight components. It also typically has a fixed roof for added rigidity.

2001 Chevrolet Corvette Specifications

Vehicle Information
Year 2001
Make Chevrolet
Model Corvette
Trim -
Style 2-Door Coupe
Type Coupe
Category Sports Car
Manufacturing Details
Made In United States
Manufacturing City WILMINGTON
Dimensions
Doors 2-Door
Curb Weight 1456.03 kg
Gross Vehicle Weight Rating -
Overall Height 121.41 cm
Overall Length 456.44 cm
Overall Width 186.94 cm
Wheelbase Length 265.43 cm
Standard Seating 2
Engine & Performance
Engine 5.7-L V-8 OHV 16V
Engine Size 5.7L
Engine Cylinders 8
Transmission 6-Speed Manual
Transmission Type Manual
Transmission Speeds 6-Speed
Drivetrain Rear-Wheel Drive
Additional Features
Anti-Brake System 4-Wheel ABS
Steering Type Rack & Pinion
Pricing
Manufacturer Suggested Retail Price (MSRP) $46,805 USD
Invoice Price $40,954 USD
Delivery Charges $645 USD

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What Problems Does the 2001 Chevrolet Corvette Have?

The 2001 Corvette, like other C5 models, is known for a few recurring issues. The column lock issue is a prominent one, often triggering a "Service Column Lock" message and potentially preventing the car from starting. While there have been recalls related to the column lock on earlier C5 Corvettes, it's essential to check the specific VIN for recall status. Headlight motor gear failure is another common problem, resulting in slow or non-functional headlights. These gears are often made of plastic and can degrade over time.
Oil consumption can be a concern on some LS1 engines, so monitoring oil levels is crucial. The harmonic balancer can also degrade over time, potentially leading to engine damage if not addressed. Long-term reliability is generally good if the car is properly maintained, but these specific issues should be addressed proactively. Specific to the 2001 model year, there aren't any overwhelmingly unique problems compared to other C5s, so the general C5 issues are applicable.

How long will the 2001 Chevrolet Corvette last?

A well-maintained 2001 Corvette can easily exceed 200,000 miles or 20+ years of service. Many owners report reaching these milestones with regular maintenance. Long-term durability is generally good, but the longevity hinges heavily on consistent upkeep. Weaknesses over time often relate to rubber components degrading, such as weather stripping, hoses, and bushings. The electronic components, like the Body Control Module (BCM), can also experience failures with age. Proper fluid changes, timely repairs, and storage in a climate-controlled environment can significantly extend the car's lifespan.

What Technology & Safety Features are Included?

The 2001 Corvette features standard tech and safety equipment appropriate for its time. Standard features include dual-zone climate control, power windows/locks/mirrors, and an AM/FM/CD stereo. Optional features include a Bose sound system, a head-up display (HUD), and memory seats.
Driver-assistance features were limited, with standard anti-lock brakes (ABS) and traction control. It lacks modern driver-assistance features like lane departure warning or blind-spot monitoring. Safety features include driver and passenger airbags.
Crash test ratings from NHTSA (National Highway Traffic Safety Administration) are available for the C5 Corvette. Results generally show good performance in frontal crash tests for the driver and passenger. Side-impact crash test data is limited. While not equipped with the latest technologies, the 2001 Corvette offers a solid level of safety and convenience for its era, prioritizing the driving experience above advanced driver aids. The HUD is a particularly appreciated feature that displays speed and other vital information on the windshield.

What Colors Options are Available?

Exterior Colors
Black
Navy Blue Metallic
Light Pewter Metallic
Torch Red
Quicksilver Metallic
Dark Bowling Green Metallic
Arctic White
Interior Colors
Pewter
Black
Light Oak

2001 Chevrolet Corvette Prices and Market Value

When new, the 2001 Chevrolet Corvette had a starting MSRP of around $40,000. The Z06 model was priced higher, closer to $50,000. On the used market, prices now range from approximately $15,000 to $30,000+ depending on condition, mileage, and trim. Corvettes have generally held their value well compared to some other sports cars, but they have still depreciated considerably from their original price. Factors affecting resale value include mileage, condition (especially paint and interior), documented maintenance history, and whether it's a Z06 model or has desirable options. Lower mileage and well-maintained examples command higher prices.

2001 Chevrolet Corvette Cost of Ownership

Insurance costs for a 2001 Corvette can be moderate, varying based on driving record and coverage. Fuel costs are average for a performance car, with the potential for decent highway MPG. Maintenance costs can be moderate if routine services are followed. Repairs can become expensive if major components fail, particularly those related to the engine or transmission. Long-term ownership costs are neither exceptionally economical nor excessively costly, landing somewhere in the middle. Budgeting for potential repairs is advisable.

2001 Chevrolet Corvette Fuel Efficiency

Fuel Type Gasoline
Fuel Capacity 70.03 liters
City Mileage 7.65 km/l
Highway Mileage 11.05 km/l

2001 Chevrolet Corvette Safety Rating

NHTSA
Side Driver Rating
Frontal Passenger Rating
Rollover Rating
Side Rear Passenger Rating
Frontal Driver Rating
IIHS
Rear Crash Protection/Head Restraint Ratings Not Tested
Moderate Overlap Front Test Results Not Tested
Side Impact Test Results Not Tested

2001 Chevrolet Corvette Recalls & Defects

Steering:column Locking:anti-Theft Device
Recall date 2004-02-09
Recall no. 04v060000
Source NHTSA
Summary ON Certain Passenger Vehicles Equipped With Electronic Column Lock Systems (Ecl), When THE Ignition Switch IS Turned TO "lock," THE ECL System Prevents Turning OF THE Steering System. When THE Vehicle IS Started, THE ECL Unlocks THE Steering System. THE Vehicle IS Designed SO That IF THE Column Fails TO Unlock When THE Vehicle IS Started and THE Customer Tries TO Drive, THE Fuel Supply Will BE Shut OFF SO That THE Vehicle Cannot Move When THE Vehicle Cannot BE Steered. IF Voltage AT THE Powertrain Control Module IS Low or Interrupted, However, THE Fuel Shut OFF MAY NOT Occur and THE Vehicle CAN BE Accelerated While THE Steering System IS Locked. Also When THE Control System Shows That THE ECL IS Unlocked and THE Vehicle IS Being Driven, THE Lock PIN Location CAN Vary. Depending ON THE Location OF THE Lock Plate Relative TO THE Switch Transition Point, There Could Then BE Contact Between THE Lock Plate and PIN Causing THE Steering TO Lock While Driving .
Consequence IF This Occurs, A Crash Could Occur Without Warning.
Remedy ON Vehicles Equipped With AN Automatic Transmission, THE Dealer Will Disable THE Steering Column Lock BY Removing THE Column Lock Plate. When THE Ignition KEY IS Removed, THE Transmission Shifter Will Lock BUT THE Steering Column Will NOT Lock. ON Vehicles Equipped With A Manual Transmission, THE Dealer Will Reprogram THE Powertrain Control Module, Perform A Dimensional Check OF THE Column Lock And, IF Necessary, Replace THE Lock Plate. THE Steering Column ON These Vehicles Will Continue TO Lock When THE KEY IS Removed. Owner Notification TO Owners OF 1997 Vehicles Equipped With Automatic Transmissions Began ON April 26, 2004. Owners OF 1998 Through 2004 Vehicles (Except 1997-1998 Manual Transmission Vehicles) Will BE Notified Beginning ON August 2, 2004. THE Remaining Owners (1997-1998 Manual Transmission Vehicles) Will BE Notified Later IN 2004, When Parts ARE Available. Owners Should Contact Chevrolet AT 1-800-630-2438.
Notes GM Recall NO. 04006.customers CAN Also Contact THE National Highway Traffic Safety Administration's Auto Safety Hotline AT 1-888-Dash-2-dot (1-888-327-4236).
Exterior Lighting
Recall date 2009-04-07
Recall no. 09e012000
Source NHTSA
Summary Sabersport IS Recalling 16,270 Combination Corner and Bumper Lamp Assemblies OF Various Part Numbers Sold FOR USE AS Aftermarket Equipment FOR Various Passenger Vehicles. These Headlamps Fail TO Conform TO THE Requirements OF Federal Motor Vehicle Safety Standard NO. 108, "lamps, Reflective Devices, and Associated Equipment." These Lamps DO NOT Contain THE Required Amber Side Reflectors.
Consequence Decreased Lighting Visibility MAY Result IN A Vehicle Crash.
Remedy Sabersport Will Notify Owners and Offer A Full Refund FOR THE Noncompliant Combination Lamps. THE Safety Recall Began ON MAY 11, 2009. Owners MAY Contact Sabersport AT 1-909-598-7589.
Notes This Recall Only Pertains TO Aftermarket Replacement Equipment and HAS NO Relation TO ANY Original Equipment Installed ON Vehicles Produced BY THE Vehicle Manufacturer.in Order TO Determine IF Your Aftermarket Lamp Assembly IS Affected BY This Noncompliance, Please Review THE List OF Model Numbers Provided TO US BY Sabersport.the List CAN BE Found Under "document Search" Located AT THE Bottom OF Your Screen.owners MAY Also Contact THE National Highway Traffic Safety Administration's Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO <A Href=http://Www.safercar.gov>http://www.safercar.gov</a> .
Exterior Lighting:headlights
Recall date 2009-05-11
Recall no. 09e025000
Source NHTSA
Summary Dope, Inc. IS Recalling 42,540 Combination Corner and Bumper Lamp Assemblies OF Various Part Numbers Sold FOR USE AS Aftermarket Equipment FOR Various Passenger Vehicles. These Headlamps Fail TO Conform TO THE Requirements OF Federal Motor Vehicle Safety Standard NO. 108, "lamps, Reflective Devices, and Associated Equipment." These Lamps DO NOT Contain THE Required Amber Side Reflectors.
Consequence Decreased Lighting Visibility MAY Result IN A Vehicle Crash.
Remedy Dope, Inc. Will Notify Owners and Offer A Full Refund FOR THE Noncompliant Combination Lamps. THE Safety Recall Began ON July 28, 2009. Owners MAY Contact Dope, Inc. AT 1-626-272-1798.
Notes This Recall Only Pertains TO Aftermarket Replacement Equipment and HAS NO Relation TO ANY Original Equipment Installed ON Vehicles Produced BY THE Vehicle Manufacturer.in Order TO Determine IF Your Aftermarket Lamp Assembly IS Affected BY This Noncompliance, Please Review THE List OF Model Numbers Provided TO US BY Dope, Inc.the List CAN BE Found Under "document Search" Located AT THE Bottom OF Your Screen. Owners MAY Also Contact THE National Highway Traffic Safety Administration's Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO <A Href=http://Www.safercar.gov>http://www.safercar.gov</a> .

2001 Chevrolet Corvette Warranty

Basic
Original warranty 36 months / 36,000 miles
Estimated remaining Expired
Powertrain
Original warranty 36 months / 36,000 miles
Estimated remaining Expired
Rust
Original warranty 72 months / 100,000 miles
Estimated remaining Expired

2001 Chevrolet Corvette Insurance

Insurance for a 2001 Chevrolet Corvette is moderately priced, reflecting its status as a Coupe with strong safety ratings and
reasonable repair costs.

How Does the 2001 Chevrolet Corvette Compare to Other Coupe?

The 2001 Corvette competed with cars like the Porsche Boxster/911, BMW Z3/M Roadster, and Nissan 300ZX. Compared to the Boxster, the Corvette offers significantly more power and a lower price point, but the Boxster boasts superior handling and a more refined interior. Against the 911, the Corvette is considerably cheaper and delivers similar performance, but the 911 offers a more prestigious brand image and a broader range of models. The BMW Z3/M Roadster offers more nimble handling, but less power and space than the Corvette. The Nissan 300ZX (if still available in 2001) offered comparable performance, but the Corvette has a more iconic status and readily available parts.
Alternatives to consider are the later C6 Corvette (2005-2013) for improved refinement and technology, or a newer Mustang GT for similar performance at a comparable price point. For those prioritizing handling over outright power, the Porsche Boxster or BMW Z4 might be better choices. Ultimately, the Corvette's combination of performance, style, and value makes it a compelling option in its class.

Ranks #240 Coupe

1 2023 Toyota GR Supra (0.0★)
2 2023 Lexus RC F (0.0★)
3 2011 Honda CR-Z (5.0★)
4 2023 Subaru BRZ (5.0★)
5 2011 Mazda RX-8 (4.0★)
6 2024 BMW 4 Series (0.0★)
7 2022 Mercedes-Benz C-Class (5.0★)
8 2014 Ford Mustang (5.0★)
9 2023 Audi A5 Cabriolet (0.0★)
10 2023 Nissan GT-R (0.0★)
11 2015 Hyundai Veloster (0.0★)
12 2008 Chevrolet Corvette (5.0★)
240 2001 Chevrolet Corvette (5.0★)

Final Verdict: Is the 2001 Chevrolet Corvette a Good Coupe?

The 2001 Chevrolet Corvette is ideal for enthusiasts seeking a powerful and stylish sports car without breaking the bank. It's worth buying, especially on the used market, for those who appreciate American muscle and are willing to perform regular maintenance. A pre-purchase inspection is highly recommended to address potential issues like the column lock and headlight motors. The Z06 trim offers a more performance-focused experience, but the base Corvette provides plenty of thrills for most drivers. Avoid examples with significant neglect or unresolved mechanical problems. A well-maintained, low-mileage example is a great find.

2001 Chevrolet Corvette Owner Reviews

4.71
Consumer Rating, Based on 65 Consumer Reviews
Overall rating
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Kolby on August 3, 2024

I recently bought a 2001 C5 base automatic with 59,000

I recently bought a 2001 C5 base automatic with 59,000 miles on it. I absolutely love this car. I’ve been using it as my daily and have put about 2,000 miles on it in about 5 months and it’s been nothing but great. Mine does have the Z51 package so it’s a little stiff and bumpy but with a sports car that what you expect. The only problems I’ve had are sometimes one of the pop up lights doesn’t go up but the good thing is there’s a hand crank for when that happens so you can put them up and the radio in mine had an issue where the lights on it would stay on and drain the battery but it is a 23 year old car so a few small electrical issues don’t surprise me. Besides that it’s been a great car so far and for anyone looking for a good, reliable, great looking sports car I don’t think there’s a better one out there especially for the money, it’s also plenty fast, I’ve recorded a 4.4 second 0-60 in mine on a non prepped road and all the mods mine has is a straight pipe muffler delete with no tips and pipes and a cold air intake so it’s pretty much stock. Overall I absolutely love this car and I hope to keep it for a long time (or until I get a C7 corvette) but I’d definitely recommend it if you can find a decent one for the money!

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bobby c on January 8, 2023

couldn't be more pleased

outstanding. responsive, beautiful, classic, on straights or switchbacks, rides like 1966. sounds, looks, feels absolutely great. after a year of driving it, i bought a 2019 stingray to keep it company in the indoor parking spaces. i love it, and them. rock n roll........

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TON LOW on September 28, 2022

When I saw this Vette, that when I claim it for me

Great car, Great price and BEAUTIFUL. Going on 70+ but this is the car I always wanted for myself. It is Black on Black and beautiful inside and out. It was Garage kept and that is where is right now with me. I love driving it on weekend and feel so wonderful going down the highway with the top down. If ever anyone get the chance look up 2001 Vette and you will love it just like me.

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Roger Lairamore on September 24, 2022

I have an 01 Vette runs great but overall 👎🏽

I bought the 01 Corvette in 2014 it had 81,000 miles and in 2022 it has 119,000 mills the cars interior materials are cheaply made it has to much electronic garage on it like service traction control service abs service active handling to many sensors unlike my past Vettes in 84 I had a 79 L82 the ride was rough and in 05 I had a 91 L98. The 01 gets great mpg on the highway 28 mpg good power the 6 speed is fun to drive and the ride is good

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SilverSurfer on June 11, 2021

Who Could Ask For Anything More

21 years old with 100,000 miles and it still snaps your neck when you punch it. With the top down it is a joy to drive in the summer. Everything still works , even the cd player . With Z51 package and performance axle it is still competitive today. So many cars go by and rev their engines at you in challenge . Had a leaky rear axle seal and a noisy catalytic converter . Otherwise just normal maintenance. Great value.

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Gregster on February 9, 2021

Wow, what a hoot to drive!

I have had my 2001 Base automatic since 2013, it’s now February 2021, no real problems to report. It had 34K on the clock when I bought it and now about 69K. I did change out the flasher/turn signal module which, as we all now know, was trash from the factory. I also upgraded all the lights inside and out to LED so I could actually drive it after dark! Other than that it’s bone stock. This vehicle runs like a scalded dog, gets 30+ mpg on the highway, and has never let me down or abandon on the side of the road. I have thought of getting a newer model, then, I bet behind the wheel of my 01 and forgedaboudit, I’m in love!

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Jimmy on January 7, 2021

Better than c6

I have owned over 15 corvettes upto a 2008 c6. The 2001 c5 is about the vest overall I have owned. Handling, looks, performance, trunk space, comfort etc. love my 2001 convertible

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GregZO6 on December 17, 2020

Don't let the license plate fool you

I'm a 67 year old man with an FIA Competition License. I learned to drive at age six and was racing FKE carts at age 10, the beginning of a wonderful career. I've owned some of the most important perfomance cars in the world and my 2001 ZO6 is my finest car ever. As my coach at Skip Barber told me "Don't let the license plate fool you, it's not a street car...it's a race car with a really nice interior"! Amen to that, this car is more competent than many purpose-built cars I've driven. Amazing in every respect, and so beautiful it's like God created it to be his daily driver. Should you be so fortunate to find an owner willing to part with this car, buy it! You'll be glad you did...

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Lano on September 11, 2020

Extremely reliable and fast!

This car is great on the highway. Step on it and your climbing above 100 in no time. Handling can be better but very comfortable to drive. Has a solid feel and very good reliability.

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Bluedude7012 on August 6, 2020

The best bang for my buck so far.

I always hear people complain about the cheap feel of the interior. So GM used the same hvac control as another car. GM put the money EXACTLY where it was needed. Every day that I drive this car, it brings sheer joy to my heart. It's graceful, agile, crazy fast, reliable, fuel efficient, predictable and just an absolute blast.

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Simon A

Simon is a contributor to VinCheck, where he provides articles and reviews on various automotive topics. His work focuses on delivering accurate and up-to-date information about used cars, helping readers make informed decisions.