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June 2008 Corvette Sales

by Keith Cornett on July 2, 2008

What a difference a month makes. Last month I was happily reporting that despite the economy, GM delivered nearly 3,000 new Corvettes in May. Yesterday’s release of June’s sales report is a very different story for Corvette as sales were down sharply with only 2,082 Corvettes delivered. That’s a drop of -28.4% month to month and the decline is even greater (-31.8%) when comparing June 2008 to June 2007.

June has traditionally been a good month for Corvette sales and now all those extra Corvettes are showing up on Chevrolet dealer lots. Last month’s Corvette Stock Report showed 7,697 2008 models on the ground and as of yesterday there are now 8,760 Corvettes available at dealer’s nationwide.

This is not the best news for Chevrolet dealers as production for the 2009 Corvette models are underway and Corvettes have begun shipping from the Bowling Green Assembly Plant. However, this could be very good new for consumers. GM traditionally offers several incentives and discounts on last year’s models which is usually the only time these lot-clearing offers are made available on the Corvette. And unlike last year which saw the 2008 refreshed with the LS3 engine and a variety of interior updates, the differences between the “old” 2008 and “new” 2009 are very minor.

2008 Corvette Delivery Statistics
Month Calendar Year-to-Date
Month 2008 2007 % Change Months 2008 2007 % Change
January 2,015 2,234 -9.8% Jan-Jan 2,015 2,234 -9.8%
February 2,071 2,784 -25.6% Jan-Feb 4,086 5,018 -18.6%
March 2,692 3,158 -14.8% Jan-Mar 6,788 8,176 -17.1%
April 3,190 3,227 -1.1% Jan-Apr 9,968 11,403 -12.6%
May 2,904 3,300 -12.0% Jan-May 12,872 14,703 -12.5%
June 2,082 3,055 -31.8% Jan-Jun 14,954 17,758 -15.8%


2007 Corvette Delivery Statistics
Month Calendar Year-to-Date
Month 2007 2006 % Change Months 2007 2006 % Change
January 2,234 2,579 -16.8% Jan-Jan 2,234 2,579 -16.8%
February 2,784 3,058 -9.0% Jan-Feb 5,018 5,637 -11.0%
March 3,158 3,655 -16.7% Jan-Mar 8,176 9,292 -12.0%
April 3,227 3,516 -0.6% Jan-Apr 11,403 12,808 -11.0%
May 3,300 3,317 -4.3% Jan-May 14,703 16,125 -8.8%
June 3,055 2,938 0.1% Jan-Jun 17,758 19,063 -6.8%
July 2,377 2,794 -11.4% Jan-Jul 20,135 21,857 -7.9%
August 2,877 2,990 -3.8% Jan-Aug 23,012 24,842 -7.4%
September 2,837 3,056 -3.5% Jan-Sept 25,849 27,903 -7.4%
October 2,484 2,761 -13.5% Jan-Oct 28,333 30,664 -7.6%
November 2,438 2,773 -12.1% Jan-Nov 30,771 33,437 -8.0%
December 2,914 3,081 -5.4% Jan-Dec 33,685 36,518 -7.8%


Corvette Stock Report:

A check of Jeff Hardy’s website shows a total of 8,760 2008 Corvettes on the ground as of yesterday. This is a 12% increase over last month’s check which showed 7,697 2008 Corvettes available nationwide.

  • 4,758 Corvette Coupes
  • 2,036 Corvette Convertibles
  • 1,966 Corvette Z06

According to the site, there are 406 2007 Corvettes still available at dealers across the nation.


Source:
GM.com
JeffHardy.com

Related:
May 2008 Corvette Sales

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