GM released the first sales figures for the new year and for the first time since we started keeping track in 2006, Corvette deliveries dropped below 1,000 units to close at 842 for the month of January. Unfortunately for both GM and the assembly workers in Bowling Green, 842 Corvette sales does little to alleviate the supply of Corvettes on the ground and the slow sales could force the company to keep the factory’s doors closed longer than planned.
We are seeing very little constriction in the supply of Corvettes available nationwide. Jeff Hardy’s website (see below) shows over 2,000 2008 Corvettes still available as well as nearly 6,500 2009’s available. We have seen a new 0% financing offer rolled out for 0-60 months and 1.99% financing for 0-72 months on new 2008 Corvettes so perhaps this will make a dent in the inventory.
According to sources, the Bowling Green Assembly plant will remain closed until March 3, 2009.
|2009 Corvette Delivery Statistics|
|Month||2009||2008||% Change||Months||2009||2008||% Change|
|2008 Corvette Delivery Statistics|
|Month||2008||2007||% Change||Months||2008||2007||% Change|
Corvette Stock Report:
A check of Jeff Hardy’s website shows a total of 8,505 Corvettes on the ground and can be broken down into the following years:
- 2008 Corvettes – 2,010
- 2009 Corvettes – 6,495
2009 Corvette Inventory Breakdown:
- Corvette Coupes – 3,825
- Corvette Convertibles – 1,061
- Corvette Z06 – 1,592
- Corvette ZR1 – 17
2008 Corvette Inventory Breakdown:
- Corvette Coupes – 769
- Corvette Convertibles – 711
- Corvette Z06 – 530