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2020 Corvette Is Now Completely Sold Out

All examples of the 2020 Corvette that will roll off the line at Bowling Green Assembly next year have been spoken for, General Motors has confirmed.

Speaking to Motor Trend at the recent launch of the 2021 Chevrolet Tahoe and 2021 Chevrolet Suburban, GM North America president Barry Engle said GM plans to build 40,000 examples of the 2020 Corvette next year, all of which have already been sold. This includes both the standard Corvette and the new Corvette Convertible.

Engle also said that dealerships are being encouraged to sell the 2020 Corvette at its manufacturer suggested retail price, but added that Chevrolet dealerships are private businesses and can sell them for a price they see fit. The mid-engine sports car starts at $59,995 for the entry-level 1LT model.

It’s not very surprising to hear that GM has sold out all of 2020 Corvette build slots. Back in August, the automaker’s Vice President of Global Design, Michael Simcoe, said the car was close to being completely spoken for and “that it’s bound to be sold out soon.” The car has since won a number of automotive industry accolades, including 2020 Motor Trend Car of the Year and Car and Driver 10 Best, which may have driven up the demand even further.

A previous report from Motor Trend claimed that GM loses money on all C8 Corvettes that are sold for less than $80,000. The automaker had allegedly developed the car with a $79,995 base price in mind, but didn’t want to lose traditional Corvette buyers in switching to the mid-engine model and priced it from $59,995. Luckily for GM, the price of the 2020 Corvette can rise quite quickly once the customer begins to tack on options like the $5,000 Z51 performance package and $1,150 high wing rear spoiler, for example.

The 2020 Corvette is expected to start rolling off the assembly line in Bowling Green in early February. The plant is currently idle, with GM re-tooling it to produce the next-generation Corvette and also re-training assembly line employees. The car was originally scheduled to start rolling off the line at Bowling Green in December, but the 40-day UAW strike delayed its arrival by a couple of months.

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Source: Motor Trend

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Sam loves to write and has a passion for auto racing, karting and performance driving of all types.

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Comments

  1. Wait. Seriously?

    You mean I took my daughters out of college for no reason? 🙂

    Reply
    1. This comment has no basis on or pertaining to this story!

      Reply
      1. Question. Is your Irrelevant comment directed at me?

        If so, you might wish to take a course in sarcasm/humor, and the depth of relevancy that lies too deep for you to
        understand or comprehend.

        Another tip. Lighten up. Life is too short to weed through another persons comment to lay judgement upon just to feed your insecure ego.

        You are welcome. Now, go be a better person. I have faith in you!

        Reply
  2. Well Life Long Moaner as expected this will be a hit for this year and the years to come.

    Next year the first full year I wager they will sell over 50,000 Corvettes.

    Reply
  3. 2020 is only a half year production. 2021 numbers probably much higher

    Reply
  4. How can you sell out of something that’s still not available?
    More like took alot of consumers deposits.
    Still no production date ?
    Maybe GM just saying they have sold out, mostly to foriegn countries .

    Valid concern ?

    ??? can someone make GM GREAT AGAIN ? the ship is sinking.

    Reply
    1. The hell are you talking about? Clearly you don’t understand how pre-production vehicles work, nor how an assembly line works.

      Reply
      1. @Johnny
        I’m well aware how pre-production.
        GM still retooling and reschooling assembly personal. So cool you jets, then selling at under cost, numbers down across the company.

        What the hell are you talking about ,

        I’m retired GM staff, and started at the age of 18…

        Reply
        1. You Corvette people can’t tell you a thing, you know it all,
          All I said is what’s on most social media reviews and insider info. About the C8’S.

          All of you have a productive day.
          ???

          Reply
        2. You don’t know what you’re talking about. GM has been building captured test fleet vehicles on the assembly line since before the strike, and continues to do so today. Retooling means nothing more than removing C7 specific tools, which will happen the last two week of December. And if you believe they’re selling the C8 below cost, you understand nothing about accounting or amortization. If you’re retired GM staff, it was probably as a janitor.

          Reply
    2. GM developed the C8 with a base price of $79,995 in mind, but…….? Does that really equate to losing $20,000 on each base model sold? Hahaha. You have to spend money to make money. Don’t worry about Generous Motors! They priced the C8 right and will sell a bunch.

      Reply
      1. That’s not good business nowadays…. who is going to bail out GM. Not Silverado or Sierra trucks…

        Reply
    3. Didn’t Tesla do that?

      Reply
    4. So all down thumbs for being correct ?

      What’s up with you Corvette enthusiast ?

      I might be wrong once and awhile, however you’re not right……

      Reply
  5. No, it is NOT sold out. Many large dealers, and some smaller ones, are still advertising unsold allocations. Try doing actual journalism for a change.

    Reply
  6. So what you’re saying is that all the dealers who have taken far to many deposits beyond their allocation are now raking in money earned in interest.

    Reply
  7. It’s guys like Jay Leno, they can buy four C8 for the price of one Fararrrri. Guys in Europe they just looking with their European face, like I can’t believe it. Can I have one, please. Trump can say NO, not until all Americans orders are filled. I can hear them screaming, that’s not fair, OK we will erase the 10% auto tariff on you. Look for 2021 to be sold out before June.

    Reply
  8. The first production run of mid-engine ‘Vettes will most certainly become overnight-collectible. No doubt, a large number of those 40K to be built will go directly into storage, never to see the light of day until they get taken to BJ at some point in the future.

    Reply
  9. Gosh thats amazing!! GM is losing 20k on a corvette that is under 80 k… let that sink in. If you believe that then you are as ignorant as believing the liberal media. Some of the crap that is generated in this country is repulsive. Ill bet Paul Elio is not scamming the public either. WOW

    Reply
  10. Reply
  11. Believe me, GM will only take orders on fully loaded C8 Corvettes. With demand ahead of supply, the average Corvette price will be north of $90,000. This is what Musk did with Tesla, he only build the expensive Model 3 and let the cheaper orders lay in the bottom of the bend. With GM average sale price on C8 being north of $90,000, there will be plenty of profit margin per vette sale.

    Reply
    1. LOL. GM has already accepted orders on base model, $60K Corvettes. Maybe you should try to learn something before posting your ignorance online

      Reply
  12. I have a deposit on a 2LT, torch red, Z51, magnetic ride and front lift. My issue is that I’m still at status code 1100, which is the same status code I was when I put my money down over 6 months ago. It is far from the base $60k starting priceI and optioned out at $81.5K. My dealership assures me I’m getting one but won’t say when and I’m beyond frustrated.

    Reply

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