Here’s How GM Will Allocate 2023 Corvette Z06 To Dealers54
Buyers are hungry for the new 2023 Chevy Corvette Z06, GM’s latest world-beating sports car. Now, GM Authority has learned the model by which GM will allocate new units of the 2023 Chevy Corvette Z06 to dealers.
According to sources close to the matter, GM will allocate new units of the 2023 Chevy Corvette Z06 based on 2020, 2021, and 2022 Corvette C8 Stingray 3LT sales volume, otherwise known as a Historic Sales Volume model. This is change from the Average Day Supply allocation model that was originally believed to be slated for the launch of the new 2023 Corvette Z06.
For those readers who may be unaware, an Historic Sales Volume dealer allocation model looks at the raw number of units sold by a particular dealer in determining future model allocation – in this case, with Corvette Stingray 3LT sales determining allocation for the new Corvette Z06. As a reminder, the 3LT is the top trim level in the Corvette C8 Stingray lineup.
By contrast, an Average Day Supply dealer allocation model determines unit allocation based on the number of days it takes the dealer to sell the vehicle in question, with faster-selling dealers receiving a greater allocation.
We should also note that, traditionally, GM employs an Historic Sales Volume allocation model for new vehicles. Once sales begin to stabilize, the automaker then switches to an Average Day Supply dealer allocation model, the latter of which is advantageous for smaller dealers that may not sell a large volume of vehicles, but nonetheless manage to sell units quickly.
Going forward, the Corvette Stingray and Corvette Z06 will continue without separate allocation groups, as GM Authority reported previously.
Just behind the cabin, the 2023 Corvette Z06 features the naturally aspirated 5.5L V8 LT6 gasoline engine, which is rated at 670 horsepower and 460 pound-feet of torque, while under the skin is the GM Y2 platform. Production kicks off this September at the GM Bowling Green plant in Kentucky.
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GM shouldn’t allocate any Z06’s to dealerships who have charged mark ups. That would send a message to this greedy bastards, but they won’t.
GM did send a letter to dealers about charging more than MSRP for certain models to include the Corvette, and some Cadillac models. I think that they are looking for ways to keep these cars out of greedy dealers hands in a way that minimize the chance of getting lawyers involved.
If they truly are looking for “ways to keep these cars out of greedy dealers hands”, this won’t do it.
Totally agree, some dealers in particular asked for $25,000 to Dealer to get to order a C8 last year. I thought it was illegal, but we’ll leave it at that.
still continue to be an ugly car… thing of 15 years old teenagers not mature
Tried ordering a Z07 from Mak Haik Chevrolet in Houston, Texas and they put a letter in front of me saying they wanted 75k above sticker and a 5k non-refundable deposit. I told them no thanks. When they told me they would buy my 2020 3LT over sticker, I called their bluff, and of course they were 8k under sticker on offer. Might jump to Porsche until Chevrolet does something about the gouging. I am on my fourth vette.
Good call on your part, and thanks for sharing that story. It helps when we all let each other know what is going on out there. Have you been to midenginecorvetteforum ?
I hate to say it, but when the price creeps above 150k for the base car, euro exotics start becoming affordable, at least where i am.
I love my 2021. and it was a good value, at MSRP.
Save the Wave.
Don’t Porsche dealers also charge over sticker on hot models though and Porsche does nothing??
They did not on the GTS I bought from them in 2012, and they did buy mine back at sticker, which paid for my C7 Z07 Vert.
No Porsche dealers respect their clients gm dealerships can care less about anyone but themselves.
Dealers are owned by individuals so I’m sure there are Porsche dealers doing the same thing. Always going to have people taking advantage of the situation.
Mak Haik Chevrolet in Houston are dishonest sheisters. Pass it on.
I bought my 2022 C8 in Kentucky and took delivery at the NCM.; no markups. In Northern California, John L Sullivan gouges its customers as well with a $30K+ over MSRP. They are now owned by the Lithia group. What they don’t know yet is that the Corvette clubs around here have “black balled” them so they will get some bay area suckers to buy over MSRP, but when things settle down, and they will, us Vette owners have turned elsewhere for parts, service, etc. Also, many of my car club members (I’m in a Corvette club as well as other car clubs) own businesses too in which other vehicles are needed. We will no longer purchase our Silverado’s and Tahoe’s from Sullivan as well. Eventually the message will be received.
I tried to order a 2022 Silverado LTZ from the same dealer. They had too many add-ons to the truck. I told them thank you, but no thank you. I’ll never buy from them.
The more I hear that GM is making all these restrictions and warranty changes the less I want this car. It’s leaving a bad taste and the fact that some, not all dealerships markup well beyond MSRP.
the restrictions only apply to people trying to gouge and profit. not dedicated owners of Americas Sports Car. So I am all for restrictions that make flipping a Corvette less likely, and for discouraging people from taking a place in line from someone who really wants a Corvette .
I consider me a dedicated Corvette follower and owner and all I hear is these ridiculous prices remember Tadge said at the first reveal “the car is priced so anybody that wants one can get one” well what happened there Tadge. I’ll probably age out before I find one that I will buy this would have been my 8th but i’ll keep my C7 Z51
Nobody said the C-8 ZO6 was for everyone. The C-8 Stingray continues to be a bargain at 62K.
Totally agree !
I am curious how many actual authorised selling dealers exist in USA. To mathmatically calculate , based on production capacity, the actual ability of GM to supply dealers under any of the distribution models.
I have given up hope of ever owning a Z06 due to my age and the statistical probablity of delivery under any of these methods.
But I have a C8, and now realize that this car will be the car until the end. So I will continue to enjoy it.
Recently called Hendricks Chevrolet in Naples Fl. To inquire about ordering plain C 8. They told me their lead time is between 5-6 months. I figured that sounded good. However salesman told me there was a mandatory “dealer package” for $6995. It included ceramic coating, window tint, and a few other BS items. I told him I did not want Window tint and other items. He said that was OK, but he was still charging the $6995. Hendricks is one of top dealers in country, he does not need to do this.
there are known dealers who promise and honor MSRP only. you may have to pay shipping, but worth it.
good luck! I hope you get your car.
I bought a C8 2021 from Hendrick Chevy in Cary NC at MSRP. No add ons.
I was shopping and ready to buy a C7 in 2018, then I heard rumors of the mid engine . So I waited until 2019, July, and saw the announcememt of the mid engine. Then in Feb 2020 put down my deposit. Then went in the hospital for 3 abdominal surgeries, not knowing if I would ever recover. In March of 2021 took delivery of my 2021 model year 2LT, Z51, mag ride, front lift. A truly quality car that exceeds every expectation.
So my point is, I know about waiting, and being patient. But outrageous dealer markups leave me disliking the dealership network even more.
a 2019 ZR1 with 700 plus horsepower is going for 160k where I am.
too much for me. but it helps put the Z06 in perspective.
Perspective , as in, I cannot afford it.
so my 2021 base price was 61k I think. Having gone up each year by about 1k.
so a 2023 is 63k now? my interest rate is 3. and interest rates are higher today.
KBB says my cars trade in, is higher than what I paid. But if a replacement is higher, and interest is higher, starting to think i am sitting on a good deal.
The base coupe is now $65,995
I set out to order a 2020 in 2020 and was told that it would be about two years before I got a car. It took me almost a year to get my C7 so I wasn’t to excited about doing that again.
Then, with the price increases, the gouging and the uncertainty of ever even getting a car here in Canada, I took a good look at my Torch Red convertible with Chrome rims and decided I didn’t really need a new car.
Another problem I see is flippers, every car auction has at least 3 C8 Vettes with hardly any miles on them selling for $30,000 over the sticker price. There are a lot of people flipping them for profit. This makes dealers say why should we let people make the money we should overcharge instead being that there are a lot of people willing to pay that much over sticker. I have a 22 that I paid sticker from a great Dealer Mike Savoie Troy MI. I hate dealers that try tricks to overcharge, to me that ruins the trust and makes them look like crooks taking advantage of customers that will not return when they want to purchase other vehicles from them I hope they lose future sales. I know I would boycott them and tell my friends to avoid them voting with your wallet can be satisfying.
Awesome you mentioned Mike Savoie Chevrolet. My dad worked in sales for years there.. He retired about 15 plus years ago. I grow up in Troy.. Bought my first Chevy truck there when I was 24 years old..on my 6th Chevy truck now after 20 years buy my first one. I live out of state but when start looking for a new vehicle every few years, I always call them first to see what they have in stock or coming in soon.
I DON’T KNOW THE NUM BERS BUT I SEE MORE 1LTs for sale and lots of 2LTs not many 3LTs
McMulkin treated me well. 2021 at MSRP. No dealer mandatory add-ons. I recommend them.
They treated me very well the last time I purchased my convertible.
I have never liked the allocation procedure at GM concerning Corvettes it should be FIRST ORDER IN GETS THE CAR. Small dealers that have loyal customers don’t get their car for months now years while bigger dealers get there alot sooner
I agree 100% I work for a dealership in a town of 1,100 people. We have 4-6 people on our waiting list at all times and still only get 2, maybe 3 Corvettes a year. With the way they are going to allocate the Z06, the four I have on order are going to take 4 years…not fair to me or my customers.
I’ve had a deposit with a big dealer for almost three years. So tired of misinformation and big articles with little tidbits of information (or no information). What is the purpose of telling deposit holders and prospective buyers how they are going to allocate without telling them the percentage of cars being allocated. Without knowing the percentage of cars as compared to total cars, we don’t know if we’re getting one this year or in five years.
Also, since the engine reliability on the street is unknown, what right do you have putting restrictions on people now! Restrictions are a part of the product and should have been determined during the deposit process. At least people knew in advance if they were qualified to buy a Ford GT.
And no……I’m not looking to resell. I’ve had my present Viper since new in 2006.
Totally agree with you. I’ve been on the list for two years now and traded in my C7 Z06 for the new Z. Very disappointed how this is all unfolding with GM. What with the price increases, etc and now the allocation uncertainties. Crazy.
What a mess! Gone are the days when you pull up at the dealer. See a car you like and haggle for a price.
that’s because you guys keep putting up with it!!!! If people stop paying an over sticker they will sell at sticker or less. I still remember in 2006,07,and 08 when gm would have gave their left nut just to sell a hummer or Pontiac why? Because NO ONE WOUL BUY THEM. Price and demand. Slow down the demand and the price will go down.
I am not sure this will work out, but I found a Texas dealer west of Fort Worth that took my Z06/Z07 order, issued a Order WorkBench with an order #, then called and took a $500 deposit for MSRP. Maybe they will get an allotment, maybe not. Will wait and see.
These are champagne problems. They are common to most highly desirable expensive products with limited production. Money drives the system.
This car is incredible and all people want to talk about is how they don’t understand market based pricing. For years we lived in an oversupply situation where vehicles were selling well below MSRP. Did anybody DEMAND to pay the full MSRP then? No! Go buy rice rockets you bunch of whiny children, leave the C8 for those who understand it’s value.
It takes practically no work to find an MSRP dealer, if you don’t already know of one. Overpay, and blame yourself.
This new way to determine dealer allocations is just a way to cut out 100’s or 1,000’s of small dealers (and customers) in order to favor the big dealers. The small guys just got screwed by GM.
It should be obvious that by now that GM is all double-talk when it comes to ADM’s, they just want their vehicles sold. Hummers that sticker for $110,000 or so are selling for $250,000-300,000, it will be no different with the Z06.