drop off rate

[stryker1969]

how do you figure the drop off rate to be 40% that seems high to me? Is this based on the C7

[Gators2020]

how do you figure the drop off rate to be 40% that seems high to me? Is this based on the C7

I posed this question before myself, I don’t think it’s an accurate portrayal of any singular dealership but rather overall.

For me I was number 17 and I’m now number 16 after the 5% deposit so that 40% didn’t apply or even come close for me

[JB]

Supposedly some change their mind....ir no manual transmission, some dont like the look, so,etimes its personal and the buyer has a spouse that says are you crazy.....some are getting divorced , some are newly separated, some lose their jobs, some get demoted, some all of a sudden find out they are having a kid...

some unfortunately have a health related issue .....

the list can be varied...

some have multiple reservations at various dealers.....

thats the most common....in my opinion...

[Meldoon]

The 40% number came from one of the top Corvette sellers based on experience with previous generations.

[meyerweb]

Quite a few people have reservations at multiple dealers, and will obviously cancel all but one.

[John Parker]

Gators2020, you don’t know if ten people after you have dropped out. The math is faulty.

[Gators2020]

Gators2020, you don’t know if ten people after you have dropped out. The math is faulty.

Correct I was just referring to it as it applies specifically
to me. There’s a chance that 40% drop rate occurred after my number but also isn’t likely given that the dealership only has 40 reservations at the time I placed my 1100 order.

[SheepDog]

If it is an industry wide 40%?

The rate also has a temporal dimension. It changes with time. Not all drop on the same day, nor same stage and some may later get in again. Sounds like it means that 60 % ultimately take delivery and 40% do not. And is a rule of thumb.

If all 100% placed deposits, made orders, marshaled financials, and complied with all purchase perquisites, except that 40% refused for whatever causes to close the deal on the delivery date , then that is still a 40% that dropped off. Same as if they earlier refused to answer the dealer's notice/ call when their number was reached. Or correct my error if necessary.

I know a wife who torpedoed a C7 purchase at closing because the family was 3 and only 2 seats. Blew it up. Said it was divisive.

[John]

Medical, divorce, financial, I bought a 427 C2, 1967 instead, etc., are just some of the many reasons in additions to drop offs who were on multiple dealer’s pre-order lists. A member of this forum must moved from being # 3 at his dealership, because of those factors and also because two above him only will a certain color that is temporarily constrained. The drop off reasons are truly endless.

So many factors collectively add up, as a long term average when demand exceeds supply, in a 40% drop off rate. Source = Mike Furman.

[73shark]

You could probably buy a couple of C8s for what a 427 '67 roadster would cost.

[Boomer]

The inverted yield curve has persisted. 2yr Treasuries pay more than 10yr Treasuries. Other growth concerns. Who knows what the "drop off rate" will be.

[WillRockwell]

Introduction of the Spyder will cause a lot of orders to change, falling down the list. Maybe even me. Isn't that supposed to come soon?

[meyerweb]

Introduction of the Spyder will cause a lot of orders to change, falling down the list. Maybe even me. Isn't that supposed to come soon?

At Carlisle, a GM person told me "in about 3 months."

[Ralston]

I bought a 427 C2, 1967 instead,

Ying to my yang. I was in the market for a '67 427 until the C8 was announced. Decided I wanted a warranty.)))

[Richrat]

Introduction of the Spyder will cause a lot of orders to change, falling down the list. Maybe even me. Isn't that supposed to come soon?

I heard a rumor that they will announce by end of November, production could start in April sometime. Verts will be limited for 2020 because of the short production run April - September.