As anyone who’s been paying attention will tell you, demand for the new Chevy Corvette C8 Stingray is (and has been) through the roof. As such, it should come as no surprise that Corvette Stingray supply is currently running at an extremely low level, per GM Authority sources.
GM Authority has learned that as of the beginning of August, the 2023 Chevy Corvette C8 Stingray was running at a five-day dealer supply, with just 448 units in stock. That said, 930 units of the mid-engine sports car were in transit to dealers.
Even so, this very low dealer supply is a continuation of low supplies seen previously. As GM Authority covered in June of last year, the 2021 Chevy Corvette was running on a very low six-day supply throughout May of the 2021 calendar year, the lowest inventory level of any new car in the entire industry at the time.
In addition to continuing high demand, minor production setbacks have also played a role in the low inventory levels. Production delays related to the ongoing global microchip shortage have slowed output at the GM Bowling Green plant in Kentucky, the exclusive producer of the Chevy Corvette, thus compounding the high demand to result in very low dealer supply. During an interview last year, director of car and crossover marketing for Chevy, Tony Johnson, said GM was “not even close” to keeping up with demand.
Sales Numbers - Premium Sports Cars - Q2 2022 - USA
| MODEL | Q2 22 / Q2 21 | Q2 22 | Q2 21 | Q2 22 SHARE | Q2 21 SHARE | YTD 22 / YTD 21 | YTD 22 | YTD 21 |
|---|---|---|---|---|---|---|---|---|
| CHEVROLET CORVETTE | +8.27% | 8,630 | 7,971 | 63% | 62% | +19.61% | 17,441 | 14,582 |
| PORSCHE 911 | +31.21% | 3,052 | 2,326 | 22% | 18% | +1.31% | 5,175 | 5,108 |
| MERCEDES-BENZ AMG GT | -13.70% | 964 | 1,117 | 7% | 9% | -18.16% | 1,906 | 2,329 |
| PORSCHE 718 | +6.18% | 962 | 906 | 7% | 7% | -27.69% | 1,744 | 2,412 |
| AUDI R8 | -56.73% | 90 | 208 | 1% | 2% | -55.62% | 158 | 356 |
| ACURA NSX | +79.07% | 77 | 43 | 1% | 0% | +105.00% | 123 | 60 |
| FORD GT | -26.67% | 22 | 30 | 0% | 0% | -7.94% | 58 | 63 |
| NISSAN GT-R | -91.86% | 4 | 49 | 0% | 0% | -45.45% | 54 | 99 |
| BMW I8 | -50.75% | 1 | 2 | 0% | 0% | -50.00% | 5 | 10 |
| MERCEDES-BENZ SL-CLASS | -100.00% | 0 | 133 | 0% | 1% | -99.55% | 2 | 444 |
| TOTAL | +7.95% | 13,802 | 12,785 | +4.72% | 26,666 | 25,463 |
Order books for the 2023 Corvette C8 Stingray opened April 7th and production began on Monday, May 23rd, 2022. The 2023 Corvette Stingray was originally slated to enter production on May 9th, but was later delayed to May 16th, and then delayed again to the 23rd.
The 2023 Corvette Stingray marks the fourth model year for the latest eighth-generation Corvette C8, introducing only a few minor changes for the Stingray model as compared to the previous 2022 Corvette Stingray. Just behind the cabin, the Corvette Stingray cradles the naturally aspirated 6.2L V8 LT2 gasoline engine, rated at 490 horsepower and 465 pound-feet of torque, while under the skin is the GM Y2 platform.
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Comments
I have NEVER seen one at ANY Columbia, SC dealership.
It will continue and they haven’t even scratched the surface of overseas orders.
Waiting on the ZR1 with turbo
Norman Anderson, you’re gonna be waiting till the end of this decade.
I really don’t think there are very many on the lots waiting for a buyer. I’d suspect that most of this 5 day “supply” is the time between the dealer receiving the car, entering it into inventory, and getting it prepped for delivery. In other words – the vast majority are already spoken for.
Yeah, I’d guess the average is more like -300 days. They are sold long before they are delivered.
You need to help STOP GM and the dealers from ripping us off they are more super cars than the corvette
This may surprise you. The Corvette sells in volumes too much to be considered a supercar.
Thats because the corvette is affordable. Go ahead and pay 300k to 500k for a low production supercar and then park it for the most part.
Yeah, it would have to cost a bunch more to be a Supercar! It doesn’t matter if the Corvette lookes as good, has more luxury features, excellent fit and finish and spanks those real Supercars off the stop light or the race course. Oh, and there is a nation-wide dealer and service network. Good luck with that for your real Supercar.
I’m waiting for the Z51 package to get back in stock, so I can receive a production date (Current status is 3300). I was on the list for 16 months, and I’m excited to finally have the next build at Home Motors in Santa Maria, CA. The supply line has been sporadic on certain options for some time now.
I’m six weeks in on my order for a 2023 Stingray. Maybe a Christmas present.
our local dealer has a new one coming 2lt a at a 30k premium
If the $30k bothers you, go to a dealer that specializes in Corvettes that charges MSRP and order exactly what you want. The dealer does not have to be local or in your state. I was in CA and ordered through Ciocca in NJ. Took the better part of a year, but I got what I specified and played sticker.