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Old 05-08-2019, 06:13 PM   #1
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Corvette Economics - Extreme situation

In the final year of each Generation, GM has offered commemorative editions, special editions and even higher powered editions to keep the interest up and the inventory moving. Sure, deals could still be had, but the C7 -> C8 is shaping up to be a completely different story. A LOT of C7 orders were cancelled and C7 inventories are at ~9 months and growing rapidly.

C7 New Gen sales started ok but fell off despite the good performance and reviews.
2014 = 34,839
2015 = 33,329
2016 = 29,995
2017 = 25,079
2018 = 18,791
2019 = through March 3,943 (projects to a maximum of 15,000 unless sales fall off faster which is very likely)

The last C6 production year sold 17,291.
Some were wondering why GM committed to a second shift for the C8 so early. Reviewing these numbers, it seems the C8's unique changes versus the C7 translate to a unique Vette economics situation compared to past generation transitions.

So if you want a C7 at a great price, watch the inventories online and don't strike until the numbers of the model you want start to fall, then do your deal.

If you want a C8, and you want it early, be ready to pay premiums the first year and a half (probably more than $$$ than in the past), sticker for much of the next 12 months and get some deals mid way through the 3rd year. UNLESS, the C8 demand stays higher, longer causing these ESTIMATES to be pushed out.

Then again, the is NEW Corvette Economics. C8 Economics. Could be all new territory. We should start to see the supply side economic indicators sometime around... on July 18. 2019.
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Old 05-10-2019, 08:11 AM   #2
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Deals on C7s are going to be crazy in the next few months. Especially with dealers trying to increase their sales numbers to impress GM.

For the folks that really like the C7, your ship is about to come in.

Hey, the Corvette was named after a type of ship right? ha ha.
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Old 05-12-2019, 12:48 AM   #3
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I think the fact that the dealer ordered and accepted the C7s at a specified number, is all that GM cares about. The rate at which they go out the door and the price is of no concern to GM as long as they get paid their net price to the dealer. That said, you're right of course. Great deals will be had for most C7s, especially the Automatics. Clever dealers will play up the last manual ever angle to move those at a little less of a discount, IMO.
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