Chevy Corvette Sales Decrease 10 Percent To 4,639 Units In Q3 2018
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Chevrolet Corvette sales decreased in the United States and in Canada during the third quarter of 2018.
Chevrolet Corvette Sales - Q3 2018 - United States
In the United States, Chevrolet Corvette deliveries totaled 4,639 units in Q3 2018, a decrease of about 11 percent compared to 5,184 units sold in Q3 2017.In the first nine months of the year, Corvette sales decreased about 21 percent to 14,881 units.
| MODEL | Q3 2018 / Q3 2017 | Q3 2018 | Q3 2017 | YTD 2018 / YTD 2017 | YTD 2018 | YTD 2017 |
|---|---|---|---|---|---|---|
| CORVETTE | -10.51% | 4,639 | 5,184 | -21.23% | 14,881 | 18,891 |
Chevrolet Corvette Sales - Q3 2018 - Canada
In Canada, Chevrolet Corvette deliveries totaled 429 units in Q3 2018, a decrease of about 26 percent compared to 576 units sold in Q3 2017.In the first nine months of the year, Corvette sales decreased about 28 percent to 1,330 units.
| MODEL | Q3 2018 / Q3 2017 | Q3 2018 | Q3 2017 | YTD 2018 / YTD 2017 | YTD 2018 | YTD 2017 |
|---|---|---|---|---|---|---|
| CORVETTE | -25.52% | 429 | 576 | -28.03% | 1,330 | 1,848 |
Chevrolet Corvette Sales - Q3 2018 - Mexico
In Mexico, Chevrolet Corvette deliveries totaled 15 units in Q3 2018, an increase of about 25 percent compared to 12 units sold in Q3 2017.In the first nine months of the year, Corvette sales totaled 54 units.
| MODEL | Q3 2018 / Q3 2017 | Q3 2018 | Q3 2017 | YTD 2018 / YTD 2017 | YTD 2018 | YTD 2017 |
|---|---|---|---|---|---|---|
| CORVETTE | +25.00% | 15 | 12 | * | 54 | 0 |
The GM Authority Take
The Corvette’s 10 percent U.S. sales drop in the third quarter was in line with the 9.74 percent decrease experienced by the segment average. The Corvette remained the best-selling model in its class, outselling all other models, including the Porsche 911, Porsche 718 (Cayman/Boxster), Mercedes-Benz SL- and SLC-Class as well as the Mercedes AMG-GT, Audi R8 (see Audi R8 sales), Nissan GT-R, BMW i8, Ford GT (see Ford GT sales), and Acura NSX.
Corvette sales accounted for 48 percent of the segment’s sales volume in Q3 2018, but we should note that many of other segment contenders occupy higher price points than the Corvette, and therefore sell at naturally lower sales volumes.
Despite the drop in third quarter sales volumes, the Corvette’s performance is impressive given that the model has been on the market for over five years and is one of the oldest vehicles in the segment.
The sports car segment contracted 9.74 percent in Q3 2018 and 11 percent during the first nine months of 2018.
Sales Numbers - Sports Cars - Q3 2018 - USA
| MODEL | Q3 18 / Q3 17 | Q3 18 | Q3 17 | YTD 18 / YTD 17 | YTD 18 | YTD 17 |
|---|---|---|---|---|---|---|
| CORVETTE | -10.51% | 4,639 | 5,184 | -21.23% | 14,881 | 18,891 |
| 911 | +0.33% | 2,142 | 2,135 | +7.40% | 7,013 | 6,530 |
| 718 | -10.28% | 1,248 | 1,391 | +11.25% | 4,300 | 3,865 |
| SL-CLASS | -49.92% | 313 | 625 | -24.39% | 1,569 | 2,075 |
| SLC-CLASS | -43.18% | 325 | 572 | -31.17% | 1,506 | 2,188 |
| AMG GT | -18.38% | 293 | 359 | +34.71% | 1,207 | 896 |
| R8 | +80.75% | 291 | 161 | +6.23% | 682 | 642 |
| GT-R | +52.29% | 166 | 109 | -2.49% | 470 | 482 |
| I8 | +148.72% | 194 | 78 | +44.41% | 478 | 331 |
| GT | +25.00% | 35 | 28 | +108.16% | 102 | 49 |
| NSX | -62.34% | 29 | 77 | -65.63% | 122 | 355 |
| TOTAL | -9.74% | 9,675 | 10,719 | -10.95% | 32,330 | 36,304 |
About The Numbers
- All percent change figures compared to Chevrolet Corvette Q3 2017 sales
- In the United States, there were 76 selling days in Q3 2018 and 78 selling days in Q3 2017
- In Canada, there were 75 selling days in Q3 2018 and 76 selling days in Q3 2017
- Corvette sales figures include all Corvette variants, trim levels and packages, including:
- Corvette Stingray and Corvette Stingray with Z51 package
- Corvette Grand Sport
- Corvette Z06 and Corvette Z06 with Z07 package
- Corvette ZR1
- Sales figures for Lotus, Jaguar and Maserati not available as the manufacturers do not break out information on a model level
The Chevrolet Corvette is a lineup of sports cars sold globally. Slotting above the Chevrolet Camaro as Chevrolet's flagship sports car, the Corvette lineup consists of the "base" Corvette Stingray, mid-level Corvette Grand Sport, Corvette Z06 and range-topping Corvette ZR1. The 2018 Corvette represents the fifth model year of the seventh-generation (or C7) Corvette. Despite its age, the vehicles remains highly competitive in its segment. For the 2019 model year, the Corvette discontinues the Carbon 65 Edition while gaining the 2019 Corvette ZR1 in Coupe and Convertible forms, along with two new colors - Elkart Lake Blue Metallic and Shadow Gray Metallic. Chevrolet is working on a next-, eighth-generation Corvette. The model is expected to be mid-, rear-engined, allowing it to push the performance envelope even further that the C7. See more on the rumored mid-engine Corvette. Though it was previously believed that the C7 generation will be discontinued when the mid-engined model is introduced, we now have reason to believe that the model will continue being offered alongside the mid-engined model. The Corvette is built exclusively at the GM Bowling Green plant in Bowling Green, Kentucky, USA.
About Chevrolet Corvette
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This shouldn’t come as a surprise to anyone given that the C7 Corvette is being replaced the highly anticipated C8 which will feature the first ever mid-engine layout for a production Corvette; one has to wonder what Chevy Cruze and Volt sales will be like in the next 6 months given that General Motors CEO Mary Barra has already said that the cars will be discontinued with no planned replacement.
When Barra gets wind of this, she’ll want to shut down Bowling Green.
Pitiful statistic. When buyers see the sticker and out the door price of the C8s, they will wish they had a C7 at $10 grand off sticker like they can get now.
The cars of the Chevy Corvette are very beautiful and luxurious, but they have reduced sales. I do not understand for what reason.