C7 Corvette Inventory Dwindling Ahead Of Mid-Engine C8 Launch
7
Sponsored Links
We’re exactly one month away from the mid-engine Corvette C8 reveal on July 18, 2019. With production of the Corvette C7 winding down, inventories of the front-engined car are on the decline.
Back in April, we reported that GM had a 137-day supply of Corvettes across the U.S., which translated to 9,055 units of the sports car at dealerships waiting to find homes. Now, just two months later, that number has dwindled to just over 7,000 units for 2019 model-year Corvettes. To be more precise, there are currently 7,045 units of the Corvette C7 currently on the ground at Chevrolet dealerships across the U.S., which equates to a 98-day supply.
Corvette sales decreased 11.5 percent to 3,943 units in the U.S. while decreasing an even greater 41 percent to 10 units in Mexico during Q1 2019.
Sales Numbers - Chevy Corvette - Q1 2019 - United States
| MODEL | Q1 19 / Q1 18 | Q1 19 | Q1 18 |
|---|---|---|---|
| CORVETTE | -11.53% | 3,943 | 4,457 |
| TOTAL | -11.53% | 3,943 | 4,457 |
Sales Numbers - Chevy Corvette - Q1 2019 - Mexico
| MODEL | Q1 19 / Q1 18 | Q1 19 | Q1 18 |
|---|---|---|---|
| CORVETTE | -41.18% | 10 | 17 |
| TOTAL | -41.18% | 10 | 17 |
What’s more, it will be impossible to order a new Corvette C7 to your liking starting next week, as dealers have stopped taking orders for the Convertible and ZR1 variants. But with just a smidge over 7,000 units waiting to find homes at dealers, there’s bound to be at least one that should be to the liking of a potential Corvette C7 customer.
Production of the mid-engine Corvette C8 will begin at the GM Bowling Green plant in Kentucky after a 10-week-long hiatus to retool the factory from the C7. Our sources tell us that by the time the new Corvette begins production, it’s projected that there will be fewer than 2,500 units of the C7 Corvette left in stock for a 35-day supply.
In other words, if you prefer your Corvette with the engine in the front, you’d better get yours soon. Chevy is currently offering a $3,000 discount to current Corvette owners, and some dealers are offering discounts beyond that amount.
We had hopes that both the last-generation C7 Corvette and the all-new mid-engine Corvette C8 would co-exist side-by-side for a while, but that will not be the case, unless GM does a total 180. The imminent discontinuation of the front-engine Chevrolet Corvette represents the final note of an entire era of the iconic American sports car. Here’s to hoping that the all-new, mid-engine Corvette C8 will live up to its heritage both in terms of performance and commercial success.
Subscribe to GM Authority for more C7 Corvette news, C8 Corvette news, Corvette news, and Chevrolet news, as well as around-the-clock GM news coverage.
Source: Motor1
- Sweepstakes Of The Month: Win a Corvette Z06 and 2024 Silverado. Details here.
Sponsored Links
The full convertible C7 may be the last to exist.
Could turn into a collectible?
With convertibles and ZR1 off the menu.. the next hottest C7 Corvette has to be the Z06 with it’s 650 horsepower LT4 supercharged 6.2L V8 engine and excellent suspension which like the ZR1 could be a potential collector’s item; Chevy may need to get more aggressive in their pricing because 7,045 cars is still a lot of inventory as they’re selling at about 1,000 cars per month which may slow as the C8 introduction gets closer.
I honestly don’t expect c8’s to start hitting dealer lots until at least end Jan early feb 2020. This is a brand new mode the post production testing that these will go through will slow down delivery’s by weeks early on
As if 80% of them won’t end up at Barrett Jackson or Mecum.
No Hurry… Plenty of them will be NOS for awhile, and than there will be plenty of low mileage ones up for sale for years.
But, if you want a special order one, maybe(?) you can still order one.
currently 7,045 units of the Corvette C7 currently on the ground at Chevrolet dealerships across the U.S
Chevrolet is not going to do mass production in third world country