Mid-Engine 2020 Chevrolet Corvette Stingray Is Almost Sold Out For First Year
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We knew General Motors expected pretty high demand for the eighth-generation, 2020 Chevrolet Corvette Stingray, but perhaps it’s even surpassed estimates.
According to a report from Autoblog on Monday, the mid-engine Corvette Stingray is “nearly sold out.” The word comes from GM vice president of global design, Michael Simcoe. The automaker’s design chief was on hand at the Concours d’Elegance of America in Plymouth, Michigan, where he made the comments alongside a C8 Corvette GM brought to show off.
At first, Simcoe said he thought order numbers had already filled the first year’s production run, but when Autoblog pressed further, he the design boss said, “it’s so close that it’s bound to be sold out soon.”
Chevrolet has allowed buyers to place a reservation for the 2020 Corvette Stingray online since the car’s debut last week. Fans could also take a look at the car at the Concours d’Elegance of American and also register to reserve on-site at the event.
The big piece of the puzzle that’s missing is how many mid-engine Corvettes a sold-out production run equates to. Historically, sales of the Corvette have always boomed in the first model year following a new generation. The C8 Corvette could be different, simply due to the fact the car has been hyped for years and it delivered on many of the rumors; the car’s engine has moved to the middle and it boasts 490 horsepower with a starting price under $60,000.
Last year, Chevrolet sold about 14,000 Corvettes, so we have to imagine the sold-out production run is even higher than that figure. We say that know the Bowling Green assembly plant will run a second shift to meet demand for the car. At its prime, the Corvette sold around 44,000 units in the 1970s. Could the mid-engine car mark a return to the sports car’s heyday? We’ll know soon enough.
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Source: Autoblog
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I’m sure GM will start screwing some c8’s together in Mexico to meet demand
I wonder if the pre-order is almost sold out, and there is still a dealer allotment. Or if this is like the CT6-V where it sold out too.. then they just made more. It’s a bit curious since they also plan to roll it out globally, plus add other models, so is production going to be constantly choked.. maybe the first year they only intended a 20k production run then ramp up the for 2021
If they could do the same thing with all their range (and, mainly, their pickups)…
If it’s sold out, just add a third shift at Bowling Green. See if they can beat the record of 53807 Corvettes sold in 1979.
This is excellent news! This means the rich guys are buying the U.S. made supercar instead of the foreign brands. Now GM Authority can follow up with the list of lost sales to all those import brands, and those sales will continue to drop.
GM must increase Corvette Stingray interest by licensing the new design to Hot Wheels and all the domestic toy car manufacturers, RC producers, and even scale modelers.
Our deposit is in and we can’t wait!
One has to imagine that the moment Chevrolet announced that the base price of the C8 Corvette would be under $60K; people probably started to place orders from their smartphones because they don’t need for a magazine to do a road test of the C8 Corvette to know that the C8 Corvette Z51 probably can match or exceed the performance of the C7 Corvette Z06.
GM will have to curtail production, otherwise the market will be flooded and the resale value will tank.
Market flooded and resale value tanked??????? Really dude, what are you smoking??????
I have been told by RELIABLE sources that this is absolutely NOT TRUE. You need to stop spreading false information and check with reliable sources. This was started to give dealers a reason to scam the public and mark up prices…….
Whoa, lighten up! You have heard of supply and demand I’m assuming. What I meant was GM needs to keep the car exclusive enough that you won’t see them everywhere which will help keep the resale value up as well.
That’s the opposite of what Chevy wants. They are going for profits in numbers.
Agree! Because every C-8 Vette sold is a dent to Porsche, Mercedes, BMW, etc. and, as such, if a unit is not available (artificially limited), that potential revenue goes to competition. Not to mention the more new Vettes, the more lucrative spares & servicing revenue.
In a couple years, this will look pretty tame compared to what is likely in the pipeline.
*****star
Pure base is 465hp; 490hp requires the optional exhaust…
Omg I wish the 2019 GMC sierra/Silverado had got this much excitement maybe we won’t be in third place it goes to show you when you have a great exterior an interior an something exciting about a vehicle it will sell before it even hits the lot
Superb car
Wasn’t the purpose to bring newer younger buyers to the vehicle? You can’t even buy it yet. You can make a deposit then buy the vehicle that is at the dealership…I doubt dealerships will sell base models. My dealership gets 2 vets (I was going reserved til I heard that) and I can guarantee they will be loaded with dealer options that will bring the price closer to 80-100k. Is it a saving of a car or a marketing ploy…time will tell.
Remember, Demand, not supply sets prices…i.e. Economics 101. My bet is that a lot of “new” buyers will enter the market. Therefore, driving up price until the demand is equal to supply. They C7 will remain in demand, even if it’s “old school”. Prices for C 7 may not be as strong, however, the C 8 will go up over time.
Anyone who can afford a new Ferrari will not be a C 8 buyer. The mid engine Ferrari is all about the statement. I have money and can afford the “best”. My guess is that GM will take large market share numbers from the other guys in the $60-$80m range!. 2021 will be the year where GM shines both in “sales” and share.
Still waiting to see an article on the 2009 HHR SS AA5 (1/2 panel)….the forgotten step-child of Chevy.