C7 Sales Perfectly Figured Out By GM

[John]

It is looking like GM had this figured out all along.




Thanks to einventorynow.com we have these updated, though end of June, unsold C7 figures. Considering that these number might not include the two week summer vacation (now over but I believe part of it was early this month), and obviously does not include the two month fall shutdown this fall for BGA reconfiguration.

http://www.einventorynow.com/14.html

Here are the exact unsold Corvette umbers through the end of June.

Unsold C7’s = 6,025 units

Days supply unsold = 84 days

The $3,000 Corvette owner loyalty bonus the last four months has worked out perfectly. I wonder if the loyal bonus will continue into August and maybe beyond.

[ZORA 69]

With an 84 day inventory at the end of June, does that mean Corvette dealers will be out of Corvettes this fall if the 2020s are not on lots till February??Or will 2020s be hitting the Dealers by mid November?? I say the latter. When they announce the car tomorrow with pricing, maybe the $3,000 incentive will be lifted. The $3,000 incentive makes good advertising bringing the base cars down in the $45K range in ads at some dealerships. It is catchy, But, it also devalues the C7s and hurts the C7 owner wanting to sell or trade their cars for a C8. I just looked up an actual Manheim report and saw a C7 base Lt1 sell at Orlando yesterday with 7,000 miles for $44,400. for $1,000 more you can buy a new one, with the incentive. The non franchised dealers are willing STILL to pay more at auction for slightly used ones than franchised Dealers pay for new ones. This is a good sign on the depressed C7 market. And what amazes me is the small difference between a 2014 to 2019 base model auction results taking into consideration a five year span. A better sign for those with C7s and the future market. I guess my opinion is, and it is that , an opinion, for those wanting to step up in a C8 from a C7 and do so hastily the first year will lose a lot of money over the ones that will wait till the second year of the C8, when trading a C7. IMO

[John]

Yes, especially since with the two month factory shut down, and then the month of December starting a deliberately C8 slow ramp up (extra, EXTa qAuality control inspections), they are literally starting C8 production just as they did C7 production, initially at a rate of just 1 unit/hour.

Then add in a roughly one month total QC hold for every produced unit, they might well close to run out of all Corvettes at dealerships.,

GM appears to have this figured out perfectly.

[TOMDOM69]

With an 84 day inventory at the end of June, does that mean Corvette dealers will be out of Corvettes this fall if the 2020s are not on lots till February??Or will 2020s be hitting the Dealers by mid November?? I say the latter. When they announce the car tomorrow with pricing, maybe the $3,000 incentive will be lifted. The $3,000 incentive makes good advertising bringing the base cars down in the $45K range in ads at some dealerships. It is catchy, But, it also devalues the C7s and hurts the C7 owner wanting to sell or trade their cars for a C8. I just looked up an actual Manheim report and saw a C7 base Lt1 sell at Orlando yesterday with 7,000 miles for $44,400. for $1,000 more you can buy a new one, with the incentive. The non franchised dealers are willing STILL to pay more at auction for slightly used ones than franchised Dealers pay for new ones. This is a good sign on the depressed C7 market. And what amazes me is the small difference between a 2014 to 2019 base model auction results taking into consideration a five year span. A better sign for those with C7s and the future market. I guess my opinion is, and it is that , an opinion, for those wanting to step up in a C8 from a C7 and do so hastily the first year will lose a lot of money over the ones that will wait till the second year of the C8, when trading a C7. IMO

I think you forgot to figure in that they are still building them, so they have 84 days besides what they will still build. The 84 days worth needs to fill the void created by the vacation time and the 2 month switch over.

I agree with your point about waiting to sell.

[John]

If all the above is calculated in, there will be a three month period in which not one Corvette leaves BGA grounds. As to the other above question, though it is related, not one C8 will be arriving at a single dealership until January 15th, and perhaps not even then.