Corvette fans eager to buy a new car are sitting between a rock and a hard place right now, as the saying goes. The C8 mid-engine Corvette is coming with a very Corvette-friendly price, allegedly. The C8’s impending reveal, which should come later this year before production begins in December, appears to be affecting C7 Corvette sales so much so, Chevrolet is offering a handful of discounts on the American sports car, including zero-percent APR.
The zero-percent APR deal is available for the 2018 Chevrolet Corvette Z06, 2018 Chevrolet Corvette Grand Sport, 2018 Chevrolet C7 Corvette Stingray, and 2018 Chevrolet Corvette Z51. Those looking for a lease can get the 2019 Chevrolet Corvette 1LT base model. The ultra-low-mileage lease requires $5,789 due at signing with a $599 monthly payment for 39 months and 32,500 miles.
The deals come just a month after reports indicated 9,000 brand-new C7 Chevrolet Corvette models available at dealerships. That’s a hefty 232-day supply of Corvettes in the United States. Slow sales aren’t helping. In January, Chevrolet sold just 800 C7 Corvettes. Then again, the wintertime isn’t the most conducive time to buy a low, power, rear-wheel-drive sports car.
Then there’s the C8 Corvette in sitting the shadows. We know it’s coming, even if General Motors won’t officially acknowledge the program’s existence. Dealerships are even accepting deposits for the car. However, it’s facing delays. A reveal in January didn’t happen, which will likely occur this August before entering production in December with the first deliveries starting next February.
It has to be difficult to justify spending $60,000 on a C7 Corvette when the C8 could be just around the corner. It’s even more difficult if Chevrolet plans to build both the C7 and C8 alongside one another. There’s little incentive to buy a Corvette right now, but hopefully, the new incentives can clear out the excess inventory before C8 Corvettes begin arriving.