Chevy’s 2023 Corvette Z06 will launch using the Average Day Supply (ADS) allocation model with no separate allocation group from the C8 Stingray, GM Authority has exclusively learned from sources close with the matter. For those not familiar with the terminology, let us break it down.
During the first two model years (2020 and 2021) of the C8 Corvette Stingray, GM determined the amount of Corvettes a particular dealer will receive using the historic sales volume dealer allocation model, where the raw volume of Corvettes sold by a particular dealer determined its allocation of C8 Stingrays. The speed with which vehicles were sold (days to turn) did not play a factor in the dealer’s allocation.
General Motors then switched to an Average Day Supply (ADS) dealer allocation model with the 2022 Corvette. The ADS method determines a dealer’s allocation based on the number of days it takes the dealer to sell the vehicle in question. The quicker it sells a particular model, the more units that dealer will receive from GM.
GM will launch the C8 Z06 via the same model without being in a separate group from the Stingray. That means that the ADS approach will continue to apply to the 2023 Corvette, combining sales of both the Stingray and the 2023 Corvette Z06. In other words, dealers that sell Corvettes the quickest, no matter if they’re Stingrays or Z06s, will receive more Z06s and Stingrays from the factory.
For even more background, we should note that when a new vehicle is released, The General typically launches it using the historic sales volume allocation model, wherein historic sales data of that vehicle determines its allocation by dealer. Later, as sales start to slow down and/or stabilize, the automaker switches to the ADS model. The latter is particularly advantageous for smaller dealers who may not sell a large volume of Corvettes, but sell its units very quickly.
The 2023 Chevy Corvette will arrive in late spring 2022 as the fourth model year of the eighth-generation Corvette C8, bringing with it the new 2023 Corvette Z06 along with a few small updates for the 2023 Chevy Corvette Stingray.
Without a doubt, the most exciting feature about the 2023 Chevy Corvette is the debut of the new 2023 Chevy Corvette Z06 track monster. The heart of the new Z06 is the naturally aspirated 5.5L V8 LT6 gasoline engine, offered as the highest-horsepower atmospheric V8 ever fitted to a production vehicle. With a low weight, flat-plane crankshaft, dual overhead cams, and all-aluminum block, the LT6 produces 670 horsepower and 460 pound-feet of torque, with redline set at a screaming 8,600 rpm. Output is routed rearwards through Tremec’s eight-speed dual-clutch transmission and 5.56 final drive ratio, which is shorter than that of the Corvette C8 Stingray.
According to GM Authority sources, pricing for the 2023 Corvette Z06 will be released in March, with 2023 Corvette C8 production scheduled to begin on Monday, May 9th, 2022 at the GM Bowling Green plant in Bowling Green, Kentucky – the exclusive assembly facility of the Chevy Corvette since 1981.
The 2023 Corvette will also introduce a new Corvette 70th anniversary edition for both the Z06 and Stingray models, celebrating 70 years of Corvette production.
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Comments
Will the allocation to a certain dealer include used Corvettes or only brand new models sold? Curious as I am a low number at a small dealer That sells a lot of used Corvettes but not as many new ones and hoping to receive a Z06 in the 2023MY or sooner.
used sales are not relevant to any allocation model. we’re all hoping for ASAP allocations of a Z06, I’m looking at at least 2025.
Kinda like ….. He who eats the fastest gets the mostest! Got It!
Love reading your articles and getting the latest info on the GM and especially on corvettes.
However, this article is one that the reader needs to fill in the blanks due to both missing words and grammar issues. Give it a good read and you’ll see that I mean. If you don’t have an editor, you need one.
Keep up with the providing great info but please take the time to proof read before posting.
Chevrolet- U Suck!
You can’t even control your dealers or even try to hold them accountable. I’ve been a loyal customer for 40 years. Tried to order 2020, got pushed to a 2021. Was told I could order 2021 but would have to pay $20k over msrp or pay $50k over for Z06 order. Screw Foundation Automotive and Chevrolet, time to move on from an unethical company that enables its dealers.
There are several reputable dealers selling at MSRP, you just have to get on their wait-list and wait your turn. It’s finally almost mine. #200 at macmulkin.
GM is starting to turn me away (which will probably be forever if it happens) because they seem to be increasing disconnecting themselves from the customer.
They wanted to attract a younger/different demographic…great, that has been largely successful; however no one really cares (outside of GM or dealers) about what allocation model they are using…there’s not going to be enough allocations for the demand, and this isn’t a silver bullet solution to curbing the dealers with huge markups, nor an innovation solution to better deliver a high-demand product to its customers.
Corvette is now (though more inadvertently) in a very similar to Ferrari in that they will sell every one they make and there will be wanting buyers left without…so I think they should handle it a bit more like Ferrari. Many of the new buyers on various Corvette waiting lists are buying just to flip the car at a profit…GM does nothing to protect it’s “real customers” from that…like Ferrari does…and Ford did with the GT…this doesn’t help their brand or their customers.
A 12-24 month no-flip contract (like Ford GT and I believe, some Ferraris) would go a long way to filtering out the greed that doesn’t benefit GM or its customers. Also, I don’t think you can get on the list to buy a new Ferrari unless you already own a Ferrari (if I’m wrong, I’d love to hear from a Ferrari owner), so brand loyalty is prioritized while also creating broad excitement. Anyway, both of these things (and possibly others…maybe an online reservation system like Hummer…noting some people got on the Z06 dealer lists as far back as 2019), if employed by GM for high-demand models would accomplish a lot more towards protecting and enhancing their brand…and would be taking care of their loyal customers while still keeping excitement & attracting the new target demographic(s).
I get the supply and demand thing…I am talking more about brand enhancement and building customer loyalty…and creating the appearance of a better business model, rather than the current perception that is just being reactive to changing conditions…the brand AND customers can be well-served while still getting multiple other demographics excited about your product…things GM must comprehend, but rather seem to not be focused on anymore.
Still unclear – at least to me is whether the Stingary and Z06 will be their own allocations based on their own ADS – or – will the dealer get one allocation for all “Corvettes” (also based on ADS)
The Z06 will more than likely get handled as a Constraint. The best estimates are that 20-25% of the C8 orders will be allocated to the Z06…. which means somewhere in the ballpark of 5,200 to 6,500.
Gm Sold sell Z06 online only without any dealer markup
GMs priorities are: 1) Profitability which drives Board member bonus and 2) Dealership profitability and survival. Just look at their measurement of success – average unit sales price. I understand that profit is not a dirty word and they’re in business to make a profit. But their constant false virtue signaling does nothing for the buyers of their product. Buyers are so much more informed and have so many choices these days. GMs 1980’s sleazy used car salesman approach to selling cars is a big put off. To meet demand, most other vehicle manufacturers have expanded their production facilities for popular models. Makes one wonder why they’re not investing and expanding capacity in BG?
I think by the year 2024/25 most people will be tired of waiting for Z model and will move on to either another model or brand. The hype and the luster will probably be gone.
If Dodge even made mention that they were working on a new model year Viper, front or mid engine. Chevrolet ( mid engine Z06 fan base would Shrink ). IMHO
Agreed! It would probably include me…
Only if it’s mid engine. why do you think so many people are flocking from Porsche? Chevy finally put the engine in the correct place, and the Z06 flat plane crank with 8600 RPM red line is a HUGE ZOMG. I have zero interest in a Viper unless it had similar characteristics. Sold my 911 Turbo S for a C8 (while the market is paying ridiculous money for used cars) and am on the Z06 list. I would also have ZERO interest in the C8 if it wasn’t mid-engined.
Owned a 1997 Viper Coupe. Two happiest days The day I bought it and the day I sold it! It was a barbaric car with little or no serious engineering in it. I don’t think Dodge is capable of undertaking the kind of project represented by the C8 Corvette. I’m the happy owner of a 21 Red Mist Metallic Coupe and I’m on the wait list for a Z06.
I fell in love with the C8 long before it’s start of production. Zora articles in Hot Rod during my childhood struck a spark. A C1 ride around the block with my brothers friend hammered the nail in the coffin. I have been a fan ever since. I have owned a few. But I really think that the money hungry dealerships have given diehard GM customers heartburn. I have been on a list since August 21 waiting for my number to come up. So sad that an American car manufacturer will do this to its customers. But I don’t think I will ever buy a ford🤣
I have been a Corvette owner for 20 years. Sold my 2019 go get the C8. I put my order in 9/23/21. Probably won’t get a 22. I was in a local dealer visiting a friend. Just as I walked in they were on the phone with someone who got a production date. I’ll buy it he says but I’m going to flip it. They asked me if I wanted it 2k over the one I ordered. Yeah he can have it I want 10k over what I paid for it. I agree with the person above. Produce the order when taken and let the smaller dealers get in on the action. I don’t want another car except the C8. Get more mfg capability or folks will move away
ADS = adjusted days supply, not available days supply
Doesn’t seem to make a lot of sense…almost all C8 Stingrays are sold upon build. This really doesn’t level any playing field. Dealers that have inventory that is not sold are likely small and or marking up units.