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Corvette Today Podcast: TONS OF NEWS THIS WEEK

We've been doing Corvette news & headlines podcasts on CORVETTE TODAY since September 2020. I don't remember ever doing a news & headlines podcast with this much critical information packed into one podcast! https://podcasts.adorilabs.com/show/...ppfrkBCyZstwdl. This is a "must listen" to podcast. Here are a few of the topics covered in this episode....

1. Chevrolet confirms the introduction this Fall of the 2023 C8 Z06 with a new video release-and it sounds like a Ferrari
2. Corvette dominates sales in Q2 2021
3. Chevy dealerships have received their first 2022 C8 allocations
4. Callaway looks ahead to 2022 and the Callaway C8 Corvette
5. Right-hand drive C8 is revealed at the Goodwood Festival of Speed in the UK
6. New GT-3 spec C8.R expected in 2024
7. California will start failing cars with tuned ECU’s during smog checks
8. The National Corvette Museum delivers their 14,000th Corvette
9. A couple exchanges wedding vows before taking delivery of their C8 at the NCM
10. "Life in the Fast Lane" by The Eagles is a story of cocaine and a fast Corvette
11. Sigala Designs shows off a completed widebody kit for the C8
See more
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GM latest inventory numbers in and its impressive

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  • GM latest inventory numbers in and its impressive


    GM Inventory Numbers 05-01-2019

    May 1, 2019: Inventory/Day Supply Numbers (Based On April Sales)

    Cascada 1,010 53
    Envision 13,023 123
    LaCrosse 2,005 71
    Regal 6,025 160
    Enclave 14,066 80
    Encore 40,177 131
    Total Buick 76,306 113

    ATS 489 95
    CT6 2,015 81
    CTS 4,022 104
    Escalade 11,040 95
    XT4 11,003 115
    XT5 19,958 100
    XTS 2,001 35
    Total Cadillac 50,528 95

    Bolt 7,050 191
    Camaro 12,002 72
    Corvette 8,055 97
    Cruze 19,010 71
    Impala 3,998 21
    Malibu 26,022 73
    Sonic 3,987 60
    Spark 4,952 50
    Volt 1,978 167
    Blazer 16,998 215
    Colorado 31,052 65
    Equinox 67,012 57
    Express 20,025 69
    Silverado 204,958 119
    Suburban 13,025 72
    Tahoe 25,911 73
    Trax 35,111 151
    Traverse 34,015 81
    Total Chevrolet 535,161 86

    Acadia 28,023 78
    Canyon 10,079 70
    Savana 6,992 56
    Sierra 70,997 99
    Terrain 22,033 64
    Yukon 21,015 110
    Total GMC 159,139 84


    General Motors Total 821,134 89

    Source:
    http://www.einventorynow.com/13.html









    Last edited by John; 05-18-2019, 10:13 AM. Reason: Thanks JB; inserted link to source of your great info.

  • #2
    Changing market conditions are affecting the optimal 60 day supply desired but even so.....with the drop in overall demand as the SAAR dropped for the industry as a whole...GM s moves to control inventory levels are a bright spot.

    GM has stated it will be able to remain profitable even if the SAAR drops from 17 million last year to 12.5 million should a disaster strike in the US automarket

    at its worst in recent years the SAAR dropped almist a decade ago to qp million SAAR when buyers could not get auto loans to buy vehicles wanting to be sold or leased in the USA...(2009/2010)

    credit still seems to be available so we shouldnt see a drop that low. It has been stated for the first time ever repossessions of vehicles for non payment is rising rapidly.

    even in the financial crisis when home owners went delinquent on their home mortgages they still surprisingly paid their car loans..(easy to repossess and people needed their cars to get to work so they paid their car loans ignoring their mortgages.

    for some reason people are beginning to default on tjeir car loans more so than ever..

    this is a dangerous sign for the industry...

    just shooting the breeze as GM is being proactive so as not to be in harms way should the economy relive 2009/10 crisis levels.

    some may say Ms Barra and her team are tough with the knife on plant closures ...i suggest Ms Barra and team are moving effectively to maintain profitability for all possible sales environment...

    As a side note...during the GM repayment of auto loans ie bailout by the US government...a planned profitability was deosgned in at the then 10 million Saar...

    now GM is using a more realistic worst case scenerio of 12.5 million SAAR and I applaud their worst case scenerio shift to 12.5 million.

    selling off money losing operations in europe and around the world makes sense...

    a little concerned about the entire industry rushing to ride sharing concepts..personally I think its a fools errand...

    more logical would be considering www.barro.com moves as shown in california...

    short term ev lease deals on off lease vehicles from the factory with full coverage on warranty is the smarter play with the main profit being data collection and selling of that data...

    thats where GM should focus future profitability ....in a barro like business venture to piggyback with cruze automation..(cruze automation i believe was valued at 17 billion last year )

    piggy back short term lease barro like GM would be a huge profit center...

    this concept would begin to sure up residuals on new car sales and offer second hand buyers a confidence inspired avenue instead of subsidized leasing by manufacturers which will begin heavily as the SAAR continues to drop.

    like I mentioned just shooting the breeze..

    what do you believe is going on amd what do you think will occur in thenext year or so in the US market?



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    • #3
      The rapid rise in repos speaks volumes about how 'upside down' the average American is. It is also just one indicator of how fragile the entire auto market is, as we re-enter dynamics that are very similar to '07 - '08. As long as we offer 10% down mortgages and give deals on cars to anyone with a pulse, we're on very thin ice economically.

      Will Corvette stay somewhat above these issues...maybe at first, but time will tell.
      '64 Silver Grey Coupe (custom paint)- still our favorite
      '77 Black L82 / 4SPD
      '78 Silver Anniversary L82 / 4SPD
      '13 White/Blue Diamond 427 60th roadster - favorite late model
      '14 Black Z51 Coupe
      '15 Shark Grey Z51 Coupe

      '20... Zeus Bronze Coupe, 2LT, GT2 seats, Natural two tone, Body color accents, Pewter wheels- 10/1/20😀 GAME CHANGER

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      • #4
        Wow a few months ago GM had a 237 days supply of Corvettes, then it declined to 137 days, now with spring purchasing and compounded by increased sales to to GM’s Corvette owner loyalty’s $3,000 incentive, now down to just 97 days . Perhaps with the schedule Plant shut down between the end of the C7 and the beginning of the C8 being about 6-10 weeks (we do not yet know anything official from GM), they might have things right on track??? Could be, a “well done GM,” something really hard to do at the end of a generation.
        GBA Black; HTO Twilight/Tension interior; Z51 & Mag Ride; E60 lift; 5VM visible carbon fiber package; 5ZZ high wing; FA5 interior vis CF; ZZ3 engine appearance; 3LT; Q8T Spectra Gray Tridents; J6N Edge Red Calipers; SNG Edge Red Hashmarks; VQK Splash Guards; RCC Edge Red engine cover; VJR illuminated sill plates. Lifetime, annual contributors, and 23 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.

        Comment


        • #5
          What surprised me about those inventory numbers is that even SUVs and pickup seem to be suffering.
          Delivered 5/29!: Scarlet Fever 2021 2LT HTC, Red Mist Metallic Tintcoat, two-tone Natural w/ suede inserts, Mag Ride, Performance Exhaust

          Gone but not forgotten: SunKissed, 2015 2LT, 7MT, Black over Daytona Sunrise Orange Metallic, Stingray convertible

          Proud member of the Old Dominion Corvette Club: https://www.olddominioncorvetteclub.org/

          Never grow up - It's a trap.

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