Chevrolet Corvette Sales Increase Slightly In Q3 2019

October 24, 2019 7:04 am

Chevrolet Corvette sales increased in the United States and Canada, and decreased in Mexico during the third quarter of 2019.

Chevrolet Corvette Sales - Q3 2019 - United States

In the United States, Chevrolet Corvette deliveries totaled 4,766 units in Q3 2019, an increase of about 3 percent compared to 4,639 units sold in Q3 2018.

In the first nine months of the year, Corvette sales decreased about 3 percent to 14,497 units.

MODEL	Q3 2019 / Q3 2018	Q3 2019	Q3 2018	YTD 2019 / YTD 2018	YTD 2019	YTD 2018
CORVETTE	+2.74%	4,766	4,639	-2.58%	14,497	14,881

Chevrolet Corvette Sales - Q3 2019 - Canada

In Canada, Chevrolet Corvette deliveries totaled 604 units in Q3 2019, an increase of about 41 percent compared to 429 units sold in Q3 2018.

In the first nine months of the year, Corvette sales increased about 15 percent to 1,531 units.

MODEL	Q3 2019 / Q3 2018	Q3 2019	Q3 2018	YTD 2019 / YTD 2018	YTD 2019	YTD 2018
CORVETTE	+40.79%	604	429	+15.11%	1,531	1,330

Chevrolet Corvette Sales - Q3 2019 - Mexico

In Mexico, Chevrolet Corvette deliveries totaled 10 units in Q3 2019, a decrease of about 33 percent compared to 15 units sold in Q3 2018.

In the first nine months of the year, Corvette sales decreased about 37 percent to 34 units.

MODEL	Q3 2019 / Q3 2018	Q3 2019	Q3 2018	YTD 2019 / YTD 2018	YTD 2019	YTD 2018
CORVETTE	-33.33%	10	15	-37.04%	34	54

Competition Sales Comparison

Chevrolet Corvette sales increased nearly 3 percent in the U.S. during Q3 2019. Although the increase is minuscule, it still represents an improvement compared to Corvette sales during the third quarter of 2018.

In fact, Corvette remained the best-selling model in its class by a significant margin, outselling all other models, including the Porsche 911, Porsche 718 (née Cayman/Boxster), Mercedes-AMG GT, Mercedes-Benz SL and SLC, BMW i8, Audi R8 (see Audi R8 sales), Nissan GT-R, Ford GT (see Ford GT sales) and Acura NSX.

Sales Numbers - Premium Sports Cars - Q3 2019 - USA

MODEL	Q3 19 / Q3 18	Q3 19	Q3 18	Q3 19 SHARE	Q3 18 SHARE	YTD 19 / YTD 18	YTD 19	YTD 18
CHEVROLET CORVETTE	+2.74%	4,766	4,639	52%	51%	-2.58%	14,497	14,881
PORSCHE 911	-20.59%	1,701	2,142	19%	24%	-9.87%	6,321	7,013
PORSCHE 718	-16.03%	1,048	1,248	11%	14%	-25.51%	3,203	4,300
MERCEDES-BENZ AMG GT	+244.71%	1,010	293	11%	3%	+137.61%	2,868	1,207
BMW I8	+33.51%	259	194	3%	2%	+94.98%	932	478
AUDI R8	-52.23%	139	291	2%	3%	-40.32%	407	682
NISSAN GT-R	-40.36%	99	166	1%	2%	-41.91%	273	470
FORD GT	+48.54%	52	35	1%	0%	+83.33%	187	102
ACURA NSX	+75.86%	51	29	1%	0%	+65.57%	202	122
TOTAL	+0.97%	9,125	9,037			-1.25%	28,890	29,255

The Chevrolet Corvette accounted for 48 percent of the segment’s sales volume in Q3 2019, though we should note—as we always do—that many of the other segment contenders carry higher price points than the Corvette, and therefore see lower sales volumes.

The premium sports car segment expanded more than 2 percent to 9,885 units in Q3 2019.

The GM Authority Take

Chevrolet Corvette sales continued to rebound during the third quarter, which is rather impressive given that the only Corvette models on sale during the Q3 timeframe was the outgoing seventh-generation Corvette (aka Corvette C7) which has already been discontinued. Meanwhile, the all-new 2020 Corvette C8 has not yet hit the market yet. The C7 Corvette has been on sale for roughly six years now and is one of the oldest models in its segment, initially launching for the 2014 model year.

Additionally, Corvette sales outpaced the overall segment average, while also being one of seven vehicles in the space to see sales volume grow. We believe that the stability of Chevy Corvette sales during the second quarter is primarily due to very attractive discount offers for the current-gen Corvette C7, which often carry over $9,000 off the vehicle in some cases.

2020 Corvette C8 Stingray

It’s worth noting that the time frame represented by the aforementioned sales numbers includes July, August and September, which is after the all-new, mid-engine C8 Corvette was revealed to the public on July 18^th, 2019. Hence, it would seem that the uptick in Corvette sales seen in Q3 hasn’t prevented customers from snapping up the C7 in light of the Chevrolet having shown the next-gen C8.

About The Numbers

All percent change figures compared to Chevrolet Corvette sales for Q3 2018
In the United States, there were 76 selling days in Q3 2019 and 76 selling days in Q3 2018
Corvette sales figures include all Corvette body styles, variants, trim levels and packages
Sales figures for Lotus, Jaguar and Maserati not available as those manufacturers do not break out information on a model level

About Chevrolet Corvette

The ChevroletÂ Corvette is a lineup ofÂ sports carsÂ sold globally. SlottingÂ above theÂ Chevrolet CamaroÂ asÂ Chevrolet'sÂ flagship sports car, the CorvetteÂ lineupÂ consists of the "base" Corvette Stingray, mid-level Corvette Grand Sport, Corvette Z06 andÂ range-topping Corvette ZR1.

The 2018 Corvette represents the fifth model year of theÂ seventh-generation (or C7) Corvette.Â Despite itsÂ age, the vehiclesÂ remains highly competitive in its segment. For the 2019 model year, the CorvetteÂ discontinues theÂ Carbon 65 EditionÂ whileÂ gaining the 2019 Corvette ZR1Â in Coupe and Convertible forms, along with two new colors - Elkart Lake Blue Metallic and Shadow Gray Metallic.

2016 Chevrolet Corvette Z06 exterior 013

Chevrolet is working on a next-, eighth-generationÂ Corvette. The modelÂ is expected to beÂ mid-, rear-engined, allowing it to push the performance envelope even further that the C7.Â See more on the rumoredÂ mid-engine Corvette.Â Though it was previously believed that theÂ C7 generation will be discontinued when the mid-engined model is introduced, we now have reason to believe that the model will continue being offeredÂ alongside the mid-engined model.