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.