A few days ago, a report surfaced that indicated General Motors had completely sold out the 2020 Corvette, with all of the build slots having already been claimed by paying customers.
It seems that wasn’t entirely accurate, however. The report, originally published by Motor Trend, was written based on a statement from GM North America president Barry Engle, who was quoted as saying the car is “sold out for 2020.”
Roadshow then did some more digging and asked GM if it could confirm the information report. The automaker clarified that it had actually received 37,000 pre-orders for the 2020 Corvette via the ‘Reserve Now’ option on its website and that the car isn’t actually sold out.
While GM has yet to determine how many Corvettes it will build for the 2020 model year, it is believed it will build around 40,000 units. So, if all the pre-orders become real-world sales, the 37,000 pre-orders would account for nearly every 2020 Corvette build slot. This seems to be why Engle said the car was sold out.
It should be noted that placing a pre-order for the 2020 Corvette does not require a deposit. So what GM is technically saying is that it has 37,000 people interested in purchasing the car and that its dealers are working on converting that interest into actual sales. It’s not clear how many people have actually purchased a 2020 Corvette at the moment.
GM still has plenty of time to sell the 2020 Corvette, though. As we reported previously, the 40-day UAW strike pushed production of the sports car back from December until early February, so it has yet to even start building customer cars. The automaker is currently re-tooling the Bowling Green Assembly plant to produce the new mid-engine car and re-training assembly workers.
We wouldn’t be surprised if GM actually did manage to move every 2020 Corvette in the coming months. The car, which comes standard with a mid-mounted 6.2-liter LT2 V8 engine and eight-speed dual clutch transmission, has taken numerous industry accolades since its debut, including 2020 Motor Trend Car of the Year. It also earned itself a place on the Car and Driver 10Best list for 2020 – thanks in large part to its relatively affordable base price of $59,995.
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Source: Roadshow
Comments
When this car is actually seen on the road dealers will have plenty of orders. There will definitely be a waiting list and I hope most dealers don’t jack up the price.
Also just like the CT6 Blackwing, Dealers themselves scoop up a large number of the purchases, so they are not actually sold to a customer.
Look at the CT6 Blackwings available at dealers still today.
This Corvette is a great car, probably the best car GM has ever produced, yet the people who want this car ar few and getting fewer every day.
My opinion is the sales numbers will be high for 1.5 years as to fill the desire if the average Corvette buyer. After that the sales numbers of the Corvette will resume their average trend.
I predict that around year 2 that the C8 will be offered as an EV in order to maintain the Corvette line for GM into the future.
I would like to know the performance numbers for a non Z51 car that has the performance exhaust. zero to sixty and quarter mile times
Dang when will the Silverado get this much attention it’s there bread and butter but it doesn’t never seem to be on top in the truck market
Just like GM to starve the goose that lays the golden eggs. For a vehicle that have the most sales and make the most money for them there should be no table unturned to make the the best in the industry in every way. There should be no excuse for a potential customer to choose another product over the Silverado. Oh yeah this was suppose to be about the Vett. Lol
what are you talking about, if you combine sierra and silverado sales, GM is #1 and thats even before they completely refresh the trucks for 2021 with new interiors. I think GM is doing just fine.
I’m ready to order but my dealer says sold out no allowcations. I give up.
My dealer, Matick Chevrolet still has about 100 open allocations available, no mark ups or games.
I work at a dealer, and if other dealers are like us, we will not sell a car until we have a vin. We can’t. And we will not get a vin until the cars are built, and none of them have been built yet. We have some deposits, but if I know buyers, and I do, if they find the car somewhere else before we get them, we’ll have to return the deposits. So in all honesty, NO cars have been sold yet. We have customers, but until they drive off with them, they are not sold. I personally doubt very much that they will sell out at all.
Of course the Vette isn’t sold out, too many retirees with good pensions out there ?..
I know several guys that are waiting for the high (er) performance versions to release before ordering.