September 2010 Corvette Sales

September 2010 Corvette Sales

September 2010 Corvette Sales

Friday saw the release of GM’s monthly sales reports and for the straight sixth straight month the number of Corvettes sold has been north of 1,000 units. In September 2010, 1,109 Corvettes were sold. This was 30% lower than last year’s 1,585 Corvettes, but discount that due to extenuating circumstances surrounding the September 2009 sales total. Year to date, Corvette sales total 9,798, a 9% decrease from 2009’s 10,795 units.

Don’t read too much into the 30% decrease from September 2009 to 2010. September 2009’s sales were inflated for a host of reasons. Furloughs during the summer of 2009 slowed production dramatically and sales were impacted due to the cash for clunkers program which steered buyers away from sports cars. By September ’09, the clunkers program was over and the new 2010 Corvettes including the new Grand Sports were available which resulted in a spike of Corvette sales.

Our Corvette Stock Report is still incomplete as we don’t have inventory data on 2011 Corvettes yet. Last month, the Bowling Green Assembly Plant produced 1,418 Corvettes and 4,909 2011 Corvettes have been built this year. There are still 2,218 2010 Corvettes available as well as 102 2009 models.

2010 Corvette Delivery Statistics
Month Calendar Year-to-Date
Month 2010 2009 % Change Months 2010 2009 % Change
Jan 854 842 1.4% Jan-Jan 854 842 1.4%
Feb 624 1,027 -39.2% Jan-Feb 1,478 1,869 -20.9%
Mar 955 1,183 -19.3% Jan-Mar 2,433 3,052 -20.3%
Apr 1,089 1,407 -22.6% Jan-Apr 3,522 4,459 -21.0%
May 1,428 1,643 -13.1% Jan-May 4,950 6,102 -18.9%
June 1,405 1,396 0.6% Jan-Jun 6,355 7,498 -15.2%
July 1,199 966 19.5% Jan-Jul 7,554 8,464 -10.8%
Aug 1,135 746 52.1% Jan-Aug 8,689 9,210 -5.7%
Sept 1,109 1,585 -30% Jan-Sep 9,798 10,795 -9.2%
2009 Corvette Delivery Statistics
Month Calendar Year-to-Date
Month 2009 2008 % Change Months 2009 2008 % Change
Jan 842 2,015 -58.2% Jan-Jan 842 2,015 -58.2%
Feb 1,027 2,071 -50.4% Jan-Feb 1,869 4,086 -54.3%
Mar 1,183 2,692 -56.1% Jan-Mar 3,052 6,778 -55.0%
Apr 1,407 3,190 -55.9% Jan-Apr 4,459 9,968 -55.3%
May 1,643 2,904 -43.4% Jan-May 6,102 12,872 -52.6%
June 1,396 2,082 -32.9% Jan-Jun 7,498 14,954 -49.9%
July 966 1,870 -48.3% Jan-Jul 8,464 16,824 -49.7%
Aug 746 4,242 -82.4% Jan-Aug 9,210 21,066 -56.3%
Sept 1,585 2,318 -31.6% Jan-Sept 10,795 23,384 -53.8%
Oct 1,154 1,170 -1.4% Jan-Oct 11,949 24,554 -51.3%
Nov 952 1,093 -12.9% Jan-Nov 12,901 25,647 -49.7%
Dec 1,033 1,324 -22.0% Jan-Nov 13,934 26,971 -48.3%


Corvette Stock Report:

We still have no real-time counts of the 2011 Corvette inventory. A check of Jeff Hardy’s website shows a total of 2,320 2009-10 Corvettes on the ground. Here is the breakdown by years and models:

  • 2010 Corvettes – 2,218
  • 2009 Corvettes – 102

2010 Corvette Inventory Breakdown:

  • Corvette Coupes – 843
  • Corvette Convertibles – 300
  • Corvette GS Coupes – 409
  • Corvette GS Convertibles – 278
  • Corvette Z06 – 97
  • Corvette ZR1 – 291

2009 Corvette Inventory Breakdown:

  • Corvette Coupes – 18
  • Corvette Convertibles – 17
  • Corvette Z06 – 60
  • Corvette ZR1 – 7


Bowling Green Production:

GM included these figures in its monthly sales reports that shows production by assembly plant. Here they are for the Bowling Green Assembly Plant:

  • 2011 Model Year Production in September 2010: 1,418
  • 2011 Model Year To Date Through September 2010: 4,909
  • 2010 Calendar Year to Date through September 2010: 13,328


Source:
GM.com
JeffHardy.com

Related:
August 2010 Corvette Sales
July 2010 Corvette Sales
June 2010 Corvette Sales

 

3 COMMENTS

  1. Don’t read too much into the 30% decrease from September 2009 to 2010. What? Sales are low. Why not just say it. Typical GM double talk.

  2. Mark, this is my analysis, not GMs. If you look at the months surround September 2009, you’ll see there was a definite spike: 746 Corvettes sold in Aug 09 and 1,154 in October. All the circumstances I mentioned artificially inflated the sales of Corvette in Sept. 2009. Hence, its a misnomer.

  3. I see things a little bit different. Sales hit a high in May 2010 and have been falling for the last 4 months. In fact they have fallen 20 percent from the high of 1,428 to 1,109 in Sept. With a 2 month supply of 2009 and 2010 on hand and production of 1418 in Sept of 2011″s I wonder how much longer production will continue at this rate before the Government will decide that Corvette is costing GM too much to continue production.

Leave a Reply