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.