Chevy Corvette sales increased in the United States and Canada during the third quarter of 2023. In addition, the mid-engine sports car recorded double-digit deliveries in Mexico and Brazil.
Chevrolet Corvette Sales - Q3 2023 - United States
In the United States, Chevrolet Corvette deliveries totaled 8,409 units in Q3 2023, an increase of about 6 percent compared to 7,939 units sold in Q3 2022.In the first nine months of the year, Corvette sales decreased about 0 percent to 25,438 units.
| MODEL | Q3 2023 / Q3 2022 | Q3 2023 | Q3 2022 | YTD 2023 / YTD 2022 | YTD 2023 | YTD 2022 |
|---|---|---|---|---|---|---|
| CORVETTE | +5.92% | 8,409 | 7,939 | +0.23% | 25,438 | 25,380 |
Chevrolet Corvette Sales - Q3 2023 - Canada
In Canada, Chevrolet Corvette deliveries totaled 738 units in Q3 2023, an increase of about 77 percent compared to 416 units sold in Q3 2022.In the first nine months of the year, Corvette sales increased about 84 percent to 2,075 units.
| MODEL | Q3 2023 / Q3 2022 | Q3 2023 | Q3 2022 | YTD 2023 / YTD 2022 | YTD 2023 | YTD 2022 |
|---|---|---|---|---|---|---|
| CORVETTE | +77.40% | 738 | 416 | +83.79% | 2,075 | 1,129 |
Chevrolet Corvette Sales - Q3 2023 - Mexico
In Mexico, Chevrolet Corvette deliveries totaled 24 units in Q3 2023, an increase of about 14 percent compared to 21 units sold in Q3 2022.In the first nine months of the year, Corvette sales increased about 1 percent to 71 units.
| MODEL | Q3 2023 / Q3 2022 | Q3 2023 | Q3 2022 | YTD 2023 / YTD 2022 | YTD 2023 | YTD 2022 |
|---|---|---|---|---|---|---|
| CORVETTE | +14.29% | 24 | 21 | +1.43% | 71 | 70 |
Chevrolet Corvette Sales - Q3 2023 - Brazil
In Brazil, Chevrolet Corvette deliveries totaled 19 units in Q3 2023, a decrease of about 21 percent compared to 24 units sold in Q3 2022.In the first nine months of the year, Corvette sales decreased about 24 percent to 52 units.
| MODEL | Q3 2023 / Q3 2022 | Q3 2023 | Q3 2022 | YTD 2023 / YTD 2022 | YTD 2023 | YTD 2022 |
|---|---|---|---|---|---|---|
| CORVETTE | -20.83% | 19 | 24 | -23.53% | 52 | 68 |
Competitive Sales Comparison (USA)
Chevy Corvette sales continued to dominate the segment during the third quarter of 2023 when ranked by sales volume, as it has for over a dozen years now since we started tracking Corvette sales. This time around, the Corvette led with a six percent bump in sales to 8,409 units. Porsche’s two entries placed second and third – the 911 (née Carrera/Targa) with a 35 percent bump to 3,010 units, just over a third of the Corvette’s deliveries, and the 718 (née Cayman/Boxster) with an 84 percent jump to 1,253 units. The Mercedes-Benz SL-Class – now an AMG product – followed in fourth with a two percent slip to 802 deliveries, while the Lexus LC took fifth with a 216 percent leap to 506 units. The second Mercedes-Benz entry, the AMG GT, followed in sixth with an 11 percent dip to 458 units. The rest of field accounted for less than 600 deliveries combined.
Many of the segment contenders cost significantly more than Chevy’s mid-engine sports car and, as a result, these higher-priced rivals typically see lower sales volumes. But that price difference is steadily shrinking, especially as pricing for the Corvette Z06 and first-ever Corvette E-Ray start at over $100K.
Sales Numbers - Premium Sports Cars - Q3 2023 - USA
| MODEL | Q3 23 / Q3 22 | Q3 23 | Q3 22 | Q3 23 SHARE | Q3 22 SHARE | YTD 23 / YTD 22 | YTD 23 | YTD 22 |
|---|---|---|---|---|---|---|---|---|
| CHEVROLET CORVETTE | +5.92% | 8,409 | 7,939 | 56% | 62% | +0.23% | 25,438 | 25,380 |
| PORSCHE 911 | +34.62% | 3,010 | 2,236 | 20% | 17% | +16.85% | 8,660 | 7,411 |
| PORSCHE 718 | +83.73% | 1,253 | 682 | 8% | 5% | +45.47% | 3,529 | 2,426 |
| MERCEDES-BENZ SL-CLASS | -2.32% | 802 | 821 | 5% | 6% | +240.58% | 2,803 | 823 |
| LEXUS LC | +216.25% | 506 | 160 | 3% | 1% | +34.04% | 1,331 | 993 |
| MERCEDES-BENZ AMG GT | -10.89% | 458 | 514 | 3% | 4% | -25.29% | 1,808 | 2,420 |
| JAGUAR F-TYPE | -25.39% | 285 | 382 | 2% | 3% | -11.47% | 857 | 968 |
| AUDI R8 | +293.75% | 189 | 48 | 1% | 0% | +82.52% | 376 | 206 |
| NISSAN GT-R | +4,626.87% | 95 | 2 | 1% | 0% | +457.14% | 312 | 56 |
| FORD GT | -100.00% | 0 | 17 | 0% | 0% | -58.67% | 31 | 75 |
| ACURA NSX | -100.00% | 0 | 88 | 0% | 1% | -97.63% | 5 | 211 |
| TOTAL | +16.43% | 15,007 | 12,889 | +10.21% | 45,150 | 40,969 |
The Corvette posted a dominant 56 percent segment share during the quarter, down six percentage points year-over-year. The 911 posted a 20 percent share, while the 718 held an eight percent share – both up three percentage points. As has historically been the case, the 911 was the only model other than the Corvette to earn a segment share in the double digits. The AMG SL-Class earned a five percent share, down one percentage point as the all-new model continues its launch. The LC and AMG GT each held a three percent share, up two and down one percentage point, respectively. The rest of the field earned a combined four percent share.
Combining Porsche’s two entries, the 911 and 718 lines, gave the German automaker a 28 percent segment share with 4,263 sales – half the share and sales volume of the Corvette.
Sales Numbers - Porsche Sports Cars - Q3 2023 - USA
| MODEL | Q3 23 / Q3 22 | Q3 23 | Q3 22 | YTD 23 / YTD 22 | YTD 23 | YTD 22 |
|---|---|---|---|---|---|---|
| PORSCHE 911 | +34.62% | 3,010 | 2,236 | +16.85% | 8,660 | 7,411 |
| PORSCHE 718 | +83.73% | 1,253 | 682 | +45.47% | 3,529 | 2,426 |
| TOTAL | +46.09% | 4,263 | 2,918 | +23.91% | 12,189 | 9,837 |
Meanwhile, the two Mercedes-Benz entries, the AMG SL-Class and AMG GT, gave the German automaker an eight percent segment share with 1,260 deliveries.
Sales Numbers - Mercedes-Benz Sports Cars - Q3 2023 - USA
| MODEL | Q3 23 / Q3 22 | Q3 23 | Q3 22 | YTD 23 / YTD 22 | YTD 23 | YTD 22 |
|---|---|---|---|---|---|---|
| MERCEDES-BENZ AMG GT | -10.89% | 458 | 514 | -25.29% | 1,808 | 2,420 |
| MERCEDES-BENZ SL-CLASS | -2.32% | 802 | 821 | +240.58% | 2,803 | 823 |
| TOTAL | -5.62% | 1,260 | 1,335 | +42.18% | 4,611 | 3,243 |
The premium sports car segment grew 16 percent to 15,007 units in Q3 2023, meaning that – despite its dominant perforamnce – Corvette sales underperformed the segment average.
The GM Authority Take
While C8 Corvette continues to dominate its segment as the mid-engine Vette enters its fifth model year, sales this quarter would have been even higher if it weren’t for GM being limited in how many Corvettes it can build.
But competitors are not sitting still, with Mercedes-Benz recently debuting the second-generation 2024 Mercedes-AMG GT Coupe while GM’s two cross-town rivals each introduced an all-new model. Stellantis unveiled the 2024 Alfa Romeo 33 Stradale as a limited-edition supercar from its Italian luxury brand and the Blue Oval launched the Ford Mustang GTD as a high-priced, track-focused Corvette rival.
That last one is an interesting development since the Mustang nameplate has traditionally competed with the Chevy Camaro muscle car, as with the all-new seventh-generation 2024 Ford Mustang. Now the Mustang GTD is taking on the Vette.
Furthermore, when asked why Ford doesn’t offer a competitor to GM’s halo vehicle, Executive Chairman Bill Ford Jr. said the Blue Oval doesn’t need a Corvette rival.
“Why are you not building a sports car similar to Corvette?” Ford Jr. was quoted as saying. “Are you kidding? We have the Mustang, which I think is by far the best sports car in America and, frankly, the world now. It’s affordable. It’s faster than all get out. And it’s about as good as you could possibly get. And we’re going racing with Mustang. For the enthusiasts, we have an EcoBoost Mustang, we now have an electric Mustang in the Mach-E, and we have our all-new five-liter Mustang Dark Horse, which we just introduced. And we have more coming. So, I wouldn’t trade our sports car for anybody else’s, let’s put it that way.”
About Corvette
The 2024 Chevy Corvette is offered in three variants – the C8 Stingray, C8 Z06, and first-ever C8 E-Ray. The 2024 model year adds new active safety tech to the model’s features list, including Automatic Emergency Braking and standard IntelliBeam automatic high-beam headlamps as well as Lane Keep Assist and Lane Departure Warning. The 2024 Corvette also gets new driver mode selection animations.
Additionally, the 2024 Corvette Stingray drops two alloy wheel choices, replacing them with new designs.
- Check out all the 2024 Corvette wheel options.
Finally, the 2024 Corvette gets a new Edge Red painted rear fascia script LPO-level option.
At the beginning of the year, GM debuted the first-ever 2024 Chevy Corvette E-Ray, featuring the naturally aspirated 6.2L V8 LT2 engine from the Stingray mated to an electric motor mounted at the front axle. The E-Ray is also the first-ever production Corvette equipped with front-wheel drive as well as all-wheel-drive traction.
That combination also makes makes the E-Ray the fastest Corvette ever, with a 0-to-60 mph time of just 2.5 seconds, a tenth of a second quicker than the Z06. Meanwhile, the Corvette Z06 features the 5.5L V8 LT6 gasoline engine, a race-bred, naturally aspirated, dual-overhead cam, flat-plane crank powerplant.
The Corvette E-Ray Among NACTOY’s “Best of 2024” list, being among the 25 vehicles advancing to the finalist round of the 30th annual North American Car, Truck and Utility Vehicle of the Year Awards.
Per exclusive GM Authority reporting, production of the 2024 Corvette E-Ray kicks off on October 23rd.
According to a J.D. Power Study, the Chevy Corvette has a great multimedia system. But the 2025 Corvette C8 refresh will bring noteworthy changes to interior, with the biggest change expected to be the deletion of the HVAC controls found along the large center divider between the two seats.
Once Z06 production is higher than the current, highly-constrained levels, and the E-Ray has finally launched, Chevy will launch the 2025 Corvette C8 ZR1. It’s expected to be powered by the LT7 engine, a boosted variant of the 5.5 V8 LT6 engine found in the Z06, raising raise the performance bar even higher. Our spies recently spotted a 2025 Corvette ZR1 prototype testing on the Nurburgring, revealing differences between the ZR1 and Z06 with the Z07 package, as well as sporting a new wheel design.
GM’s biggest challenge with “America’s sport car” is production, providing enough inventory supply to meet sales demand for Chevy’s popular mid-engine marvel – especially as the automaker continues to add variants to create the nameplate’s most diverse lineup ever.
2025 Chevy C8 Corvette ZR1 Coupe prototype testing at the Nurburgring
About The Numbers
- All percent change figures compared to Chevy Corvette sales for Q3 2022, unless noted otherwise
- In the United States, there were 75 selling days for Q3 2023 and 75 selling days for Q3 2022
- Corvette sales figures include all Corvette body styles, variants, trim levels and packages
- Sales figures for Lotus, Jaguar, and Maserati not available as those manufacturers do not break out information on a model basis
- GM Q3 2023 sales reports
- GM Q3 2023 sales U.S.A.
- Chevrolet sales Q3 2023 U.S.A.
- Cadillac sales Q3 2023 U.S.A.
- Buick sales Q3 2023 U.S.A.
- GMC sales Q3 2023 U.S.A.
- GM Canada sales Q3 2023
- GM Mexico sales Q3 2023
- GM China sales Q3 2023
- GM Brazil sales Q3 2023
- GM Argentina sales Q3 2023
- GM Chile sales Q3 2023
- GM Colombia sales Q3 2023
- GM South Korea sales Q3 2023
- Chevrolet South Korea sales July 2023
- Chevrolet South Korea sales August 2023
- Chevrolet South Korea sales September 2023
- GM Q3 2023 sales U.S.A.
Comments
GM, “we make less of what people want!”
What are the sales numbers for Australia, plz