Wednesday, July 6, 2022
News There Are 9,000 Brand New Chevrolet Corvette Models Sitting On Dealer Lots

There Are 9,000 Brand New Chevrolet Corvette Models Sitting On Dealer Lots

Seasonal drops in sales for sports cars are typical however this many Chevy Corvette models gathering dust in dealership lots is seven months’ worth.

Historically, sales of any would-be sports car slow down come the cold winter months. The Chevrolet Corvette is no exception. Most buyers figure that they might as well wait until the spring to purchase their toy – why should they store a car when the dealer’s already doing it?

The difference with the Corvette, this year anyhow, is that dealers are over-saturated with inventory of America’s sports car and the cars are essentially not moving. To note, inventory is calculated by dividing the number of cars available by the average number of cars sold in a month. Using this type of math, only the Chevrolet Blazer is more abundant.

Other reasons that could explain the over-stock in Vettes are that there’s been talk of the C8 mid-engine Corvette for what seems like years. It is possible that buyers are waiting for it to arrive. Before it does arrive however, GM will need to update the tooling at the Kentucky plant. The extra Corvettes might be around to fill the void between the end of C7 production and the beginning of the C8.  And lastly, dealership allowances for new products are influenced by current purchases – don’t want any C7s? You won’t get any C8s…

Either way, we love the C7 and if you’re in the market for a Vette, you’re likely going to get a great deal at the moment.

Trending Now

Toyota has Run Out of US EV Tax Credits

They have sold their 200,000th EV in the US. They now join Tesla and GM who’ve already run out of credits. The question is...

The Car Market Could Collapse if EVs Remain More Expensive, According to Stellantis

Electric vehicles have always been more expensive than equivalent models powered by combustion engines The automaker says the demand for new vehicles could...

The NHTSA is now Requesting More Information from Honda in its Probe over Phantom Braking

A probe had been launched back in February over issues with the autonomous emergency braking system of Honda vehicles The 2018-2019 CR-V and...

Ford to Introduce an Extended Ranger in 2023

The extra length will come from a longer bed. The current bed is 5 feet long. Ford essentially owns the pickup genre in North...

BYD Globally Outsells Tesla in EV Sales

BYD is famously backed by Warren Buffett’s Berkshire Hathaway. They sold 641,000 vehicles in the first half of the year. BYD, the Shenzhen-based based...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.