The 2021 Corvette Stingray was the second-fastest selling car in the United States in August behind the new Hyundai Santa Cruz compact pickup.
According to iSeeCars, the 2021 Corvette Stingray spent an average of 8.3 days on dealership lots before being sold. The mid-engine sports car was also the fastest-selling car in the U.S. in July, taking on average just seven days to sell.
As iSeeCars analyst Karl Brauer points out, demand for the Corvette has consistently outstripped supply since the nameplate moved to a new mid-engine platform in 2020.
“Demand for the mid-engine Chevrolet Corvette has exceeded supply since its launch for the 2020 model year,” said Brauer. “Dealers stopped taking orders for the 2021 model year in March, and demand remains so high the model consistently sells for over MSRP, with an average price of $89,788 compared to its MSRP range of $59,900-$78,850.”
The point about average transaction prices is notable, as many other fast-selling vehicles like the Santa Cruz and Subaru Crosstrek retail for well under $40,000. The C8 Corvette Stingray, by comparison, often sells for over $90,000 and has much higher profit margins than a regular compact or mid-size passenger vehicle.
GM produced a total of 26,212 examples of the 2021 Corvette Stingray at the GM Bowling Green Assembly plant in Kentucky this year. Production of the 2022 model year Corvette Stingray began on September 6th.
This latest iSeeCars report is based on an analysis of more than one million new and used cars sold in August of the 2021 calendar year. According to the research, the average new car takes on average 26 days to sell. New cars sold nearly a week faster during August than rates recorded in July, during which the average time to sell was 35 days.
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Comments
They’re full of crap, Corvettes don’t sit on lots, everyone built is a sold order. If you order one now, you’ll be lucky if you get it in 1 year.
Great performance for the C8. Love this car, and we’ll deserved!
That being said, Tesla’s sell faster. 0 days on dealer lots and there’s even a long waiting time on most models.
The only reason the Corvette doesn’t have an average lot time of -1 days is because of a handful of dealers who get one in and mark it up way above MSRP, therefore taking longer to find a willing buyer. It’s obvious that they sell eventually though. I guess it’s worth it to them to do that and never get another allocation again with GM’s new Available Day Supply allocation system. For volume stores that actually get allocations and care about getting more, like mine, the cars are ordered and sold before they are even here.
The number of days on the lot until sold: Mine and another person I know would have been 1 day. But we could not pick them up when they were ready, I had to wait until Saturday, other person was on vacation and had to wait over a week. So they sat, until “sold” but they were sold before they arrived. So I agree, that number is too high. The dealer was pretty quiet about where the cars were and when they would arrive, but calling the 800 concierge phone number provided information the dealer refused to share. I waited over 1 year, another person I met waited over 1.5 year.
Good luck to those waiting and I say go get one, they are awesome.
You gotta love it. Despite how the numbers are calculated (and I agree there’s more than meets the eye), Chevy has unleashed a monster. Yup, it has it’s naysayers that will never give credit for what it actually is. Bottom line though, supply continues to exceed demand and it’s just simply an awesome car. Can’t wait to get to Spring Mountain to experience what the car will do without the constraints of a public road. Never looked back – there’s a smile on my face every time I drive it.
It’s an amazing car. I waited 14 months for mine and well worth it. Looking forward to going to Spring Mountain. I love driving it, my long time dream has come true. Hard work and determination has paid off. I’m now living my dream.