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.Â
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.Â
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.Â
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.
Comments
Sales could be down for a number of reasons, but the big dog on the porch is the promoted illusion, by some of the media, that the C8 will be priced just a bit higher then the C7. Pie in the Sky dreaming as it will likely be 3-times the average entry level price of a C7.
Are you pulling that out of your AZZ?
Get ready to swallow your words.
You _in your enlightened state_ posted a crude, graceless comment when you could of just asked me why I offered my opinion.
Let’s try to do better next time. Don’t let your emotions get the best of you. Character matters. Try it out once and a while.
Turns out you were wrong 😉
TreDeuce,
3X the price of the C7.
This just shows that guys like you shouldn’t have a voice spreading their baseless BS.In the past, this kind of nonsense was limited to the local bar and disregarded coming from a drunk.
Do not buy any C7 or C8 Corvette until Chevy addresses the bending and cracking wheels on current C7 Grand Sport and Z06 models! Cars that are still under B2B warranty. Dangerous situations and thousands of dollars of out-of-pocket repairs or replacements on brand new vehicles with very few miles . GM is throwing current owners under the bus saying that they have “damaged” their wheels under normal street driving conditions. Google C7 cracking and bending wheels and find out for yourselves. These wheels are defective and need to be recalled before someone gets seriously hurt.
Does this apply to the base car too ? i.e.= non-Grand Sport and non- Z06
Stingray has different wheels than Z06/GS and (based on reported incidents/experiences online) does not seem to have the same problem. GM won’t give up any statistics about how many complaints have been made by current owners. Apparently there are a low number of “warranty claims” simply because they’re refusing them. They’re calling this problem “road hazard” or “owner damage” and are refusing bumper to bumper warranty coverage on brand new cars with very few miles.
Again, just google “Corvette C7 cracked wheels” or “Corvette C7 bent wheels” and you’ll quickly learn about what’s been happening to current owners.
I would highly suggest not purchasing any Corvette until GM fixes this problem and stops treating loyal customers like garbage. What will happen when something else (very expensive) goes wrong??
If GM wants to thin the backlog of C7 Vettes, they should announce the MSRP and the limited production number of the C8.
That would be the exact thing to do to kill Corvette for good.
Market capitalisation: Ford 34B, GM 51B, Google 840B, Amazon 867B, Tesla 46B.
Google and Amazon will be formidable competitors in the auto industry, when combined with their portfolios, which includes automation. And they have nearly unlimited ressources. With the world market becoming incredibly competitive with the Chinese onslaught beginning in 2020, Ford and GM are much too small (in valuation) to successfully compete due to limited capital. IMO, for the same reason, Tesla will not remain independent and their current leadership is more representative of a start-up than a major corporation.
Posted in the wrong thread.