Editor’s note: an earlier version of this article mentioned that GM had 55,573 orders on deck. Chevy has informed us that the figure, which came from an internal GM document, was mis-typed. Instead, the actual figure is 5,573 units.
Demand for the C8 Corvette Stingray has been strong since the moment the mid-engine sports car was released and remains extremely high to this day. GM Authority has learned Chevy currently has 5,573 orders on the books for the C8 Corvette, which is equivalent to roughly two and a half months of production based on the current output at the GM Bowling Green plant in Kentucky.
These 5,573 Corvette orders range from 2500 to 3799 status, with the former meaning the orders have been processed for production and the latter meaning the vehicle is currently in production but the VIN has yet to be booked. GM managed to produce 25,831 examples of the 2022 Corvette Stingray and 26,16 units of the 2021 Corvette Stingray, so it should take Chevy about two years to clear out this order backlog.
Last summer, Chevy’s director of car and crossover marketing, Tony Johnson, told GM Authority executive editor Alex Luft that the automaker was working around the clock to ramp up Corvette production output to try and meet the unexpectedly high demand for the vehicle. Johnson said at the time that Chevy was “not even close” to meeting demand for the nameplate and that the automaker has “more orders than we can handle.”
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|
|MERCEDES-BENZ AMG GT||-13.70%||964||1,117||7%||9%||-18.16%||1,906||2,329|
“I can’t give you a number (on how many orders we’ve received), but I can tell you it’s significant,” Johnson said. “We’re working on meeting that demand. We know there’s a lot of customers who really, really are excited to get their hands on a Corvette.”
Bad luck has compounded with high demand to hamper output of the C8 Corvette Stingray from the get-go. A UAW strike pushed the start of production from late 2019 to early 2020, with the COVID-19 pandemic then forcing GM to temporarily shutter the Bowling Green plant shortly after production began. The subsequent months have been marked by the semiconductor chip shortage and other components shortages, further affecting output. A tornado also touched down in the Bowling Green area earlier this year, forcing GM to temporarily close the plant for repairs. The tornado damaged partially-completed Corvette models that were being stored around the plant, as well.
Corvette sales increased 8.27 percent to 8,630 units in the second quarter of this year. GM sold 8,811 examples of the Corvette in Q1 for sales of 17,441 units in the first six months of the year. That means GM is on pace to build roughly 30,000 Corvettes this year, which would be a much higher production output than in 2021 or 2020.