GM has an issue: It's creating more C7 Chevrolet Corvettes than it can sell

At the point when you publicity up the dispatch of an all-new model, one of the main inquiries to manifest encompasses the destiny of the old form. Such is the situation with the Chevrolet Corvette. While C7 Chevrolet Corvettes are at a bargain at this moment, it shows up individuals aren't getting them, rather waiting for the mid-engined C8 Corvette. At the present time, Chevrolet sellers have a stunning 232-day stock of C7 models on their parts. That is route higher than the business normal, which is barely three months.

The information originates from eInventoryNow, a seller to-vendor site that plans to be a "matchmaking" administration to those with abundance stock. In helping GM vendors deal with their inventories, they supply a "day supply" rundown of each GM model. Successes like the Equinox have around a 63-day supply range with 66,000 units. Indeed, even moderate selling models like the Buick LaCrosse just show a 121-day supply overall U.S. GM sellers. The 232-day supply for C7 Chevrolet Corvettes overshadows every single other model with the exception of the Blazer, which just went at a bargain.

CorvetteBlogger first brought up that C7 Chevrolet Corvettes are simply sitting on seller parcels. In January 2019, GM vendors moved only 800 models. That is a long way from the 40,689 they moved in 2016 (averaging around 3,400 per month). At the same time, Bowling Green keeps on delivering the present Corvette as we hang tight for the new model's dispatch.

The new C8 will start at less than $60,000 for the base model, but odds are very good most will sell in the $65,000 to $70,000 range barring dealer markups. By comparison, GM currently offers a $3,000 loyalty bonus for current Corvette owners should they decided to buy one of the remaining C7 models. If the inventory stays high through the holidays, there’s a good chance some extra incentives could make the last front-engined Corvette an even better buy for fans of America’s sports car.

Also Read: Chevy Corvette C8's hard top debunnked