The 2021 Corvette was once again one of the fastest-selling cars last month, with the mid-engine sports car running on a low 11-day inventory supply throughout April.
According to data compiled by Cox Automotive, Chevy dealers around the country had just 11 days worth of 2021 Corvette inventory on their lots between April 1st and April 31st. This is down slightly from March, when Chevy ran on a 14-day supply of the mid-engine sports car. Low inventory has been a constant theme for the 2021 Corvette so far this year, with Chevy running a similarly low average supply of 13.1 days for the car in February, as well.
There are a number of reasons for the low inventory numbers for the C8 Corvette. For starters, the COVID-19 pandemic has led to various production setbacks at the Bowling Green Assembly plant in Kentucky, hampering Chevy’s ability to build the car quickly and in large numbers. Demand for the vehicle has also been extremely strong, meaning many 2021 Corvette models are either already sold when they are built or sold shortly after they arrive at the dealership.
GM stopped taking new sold orders for the 2021 Corvette on March 25th due to the high demand for the vehicle. The automaker is now working to fulfill the remaining 2021 Corvette orders it has on its books before switching production to the 2022 model year Corvette later in the summer. GM plans to begin accepting new sold orders for the 2022 Corvette in July.
The Chevy Camaro also ran on a tight 11-day supply in April, according to Cox Automotive. This is due to lengthy and recurring shutdowns at the GM Lansing Grand River plant in Michigan due to the semiconductor chip shortage. The Lansing Grand River plant, which is the only facility that builds the Chevy Camaro, is currently under a temporary shut down and will remain offline until at least June 28th.