As GM Authority has covered extensively in the past, the C8 Corvette Stingray is a hot commodity. Unfortunately, not all dealers in the United States received a 2021 Corvette Stingray to sell. That is about to change.
According to sources familiar with the matter, GM Authority has learned that General Motors will default one allocation of the C8 Corvette Stingray to all U.S. dealers who did not receive a 2021-model-year vehicle. The change is set to take effect through September and October.
Essentially, this means that all U.S. dealers that sell the Chevy Corvette will receive at least one unit of the latest C8 Corvette Stingray. That’s great news for anyone interested in checking out the mid-engine Chevy sports car for themselves in their local show room.
As GM Authority covered previously, General Motors recently switched to an Available Day Supply (ADS) dealer allocation model for the 2022 C8 Corvette. For readers who may be unaware, the ADS dealer allocation model determines how many units of a particular model a dealer will receive based on how quickly that dealer sells the vehicle, with dealers that sell the model the quickest receiving greater allocation.
The ADS model replaces the historic volume dealer allocation model that was in place for the Chevy Corvette C8 prior. Additionally, the new dealer allocation model is expected to result in phasing down of C8 Corvette markups.
Thus far, the C8 Corvette has consistently sold above MSRP. According to one report, the latest mid-engine sports car is selling on average at 102 percent of the manufacturer’s suggested retail price.
Chevy Corvette C8 sales have been impressive so far, with a 224-percent increase in sales during the second quarter of the 2021 calendar year. The sales results also include a 132-percent increase in sales year-to-date.
C8 Chevy Corvette Stingray Sales - 2021
| MODEL | Q2 21 / Q2 20 | Q2 21 | Q2 20 | YTD 21 / YTD 20 | YTD 21 | YTD 20 |
|---|---|---|---|---|---|---|
| CHEVROLET CORVETTE | +224.15% | 7,971 | 2,459 | +132.23% | 14,582 | 6,279 |
The start of regular production for the latest 2022 C8 Corvette Stingray is expected to kick off at the GM Bowling Green assembly plant in Kentucky on September 6th.
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