High demand for the 2021 Corvette has made the mid-engine sports coupe quite hard to come by. Many 2021 Corvettes were already spoken for the minute they were ordered, while others typically spend very little time at dealerships before being sold.
According to Cox Automotive, the 2021 Corvette ran on a very low six-day supply throughout May, which was the lowest inventory level of any new car across the entire industry last month.
While high demand has made the 2021 Corvette quite a rare sight at Chevy dealerships, minor production setbacks have also contributed to the low inventory levels. Parts shortages not related to the ongoing semiconductor shortage have slowed output at the GM Bowling Green Assembly plant, compounding with high demand to result in the lower-than-usual supply levels.
GM recently announced that it would cut production of the 2021 Corvette short in order to begin producing the mildly updated 2022 Corvette early. The automaker stopped taking new sold orders for the 2021 Corvette on March 25th amid high demand and low output.
“In order to maintain start of production for the 2022 model year Corvette Stingray in late Q3, and as a result of continued unplanned part shortages not related to the industry-wide semiconductor availability issues, General Motors has had to make an adjustment in the number of Corvette Stingrays available for the 2021 model year,” said Assistant Manager for Chevrolet Passenger Cars, Performance and Motorsports Communications, Trevor Thompkins.
With this development, some customers who placed an order for a 2021 Corvette won’t have their request fulfilled. Customers who were excluded from receiving a 2021 Corvette will have to re-order a 2022 Corvette from their dealership, however customers with accepted 2021 Corvette orders at Event Status 3000 and above will still receive their vehicle.
“We are not planning on canceling any accepted 2021 model year Corvette Stingray sold orders (event code 3000 and above),” Thompkins explained.
The 2021 Corvette also ran on a similarly low 11-day supply throughout the month of April due to production setbacks and demand.