October 2016 Corvette Sales

Last week while we were away at the SEMA Show, General Motors released the monthly report for Corvette sales. Chevrolet sold 2,626 Corvettes in October 2016 for a 4.0 percent increase over October 2015’s 2,526 Corvettes delivered.

For the calendar month to date (January-October), a total of 25,345 Corvettes have been sold which is lagging -12.4 percent from the 28,924 Corvettes sold during the same period last year.

October’s sales numbers were no doubt buoyed by the return of the 2017 Corvette Z06 to the production line. Between the Grand Sport and the re-engineered Corvette Z06 with its new supercharger design, both cars offer Corvette enthusiasts additional choices for more performance over the Stingray.

Although we consider the market to still being strong when you see over 2,600 Corvettes sold in a month, we’ve reached out to some of the dealers we know and according to them, it does feel like the market for new Corvettes is slowing.

So what could be the reason for the sales market slowing? Some say that Chevrolet built so many cars in the last few years that the market is over-saturated. Is it as simple as the weather and the fact that we are heading into the winter months? Or, like we’ve read recently in the press, is it that the changing demographics of Corvette owners are the reason for those falling sales?

Maybe Chevrolet is sensing this as well as for the first time we are seeing finance offers on the 2017 models as well as closeout rebates and financing offers on remaining 2016s.

Chevrolet is offering 4.9% APR for 60 months on all 2017 Corvettes from base Stingray and Z51, to the Grand Sport and Z06 models. For select 2016 Corvettes, Chevrolet is still offering 0% APR for 72 months or you can do the 10% of MSRP Cash Back with the Chevy Bonus Sale. See your dealer for details.

Here’s the GM Sales Report for Corvettes in October 2016:

Corvette Sales Monthly Archive:

General Motors sold 208,290 vehicles to retail customers in October 2016. Chevrolet’s October U.S. sales were up 6 percent over last year and the brand had its best October since 2004. While trucks are always a sales leading indicator for sales at Chevrolet, the Malibu, Camaro, Corvette Spark and Volt were up 39 percent, 14 percent, 8 percent, 5 percent and 6 percent, respectively.

Our monthly GM sales reports are sponsored by Kerbeck Corvette in Atlantic City, NJ. Talk to one of Kerbeck’s Corvette Specialists and get behind the wheel of your Corvette dream today. To view Kerbeck’s inventory of Corvette Stingrays and Z06s, click here. Visit Kerbeck Corvette on the web at www.kerbeck.com or call Dave Salvatore at 877-537-2325.

Source:
General Motors

Related:
September 2016 Corvette Sales
August-2016 Corvette Sales
July 2016 Corvette Sales
June 2016 Corvette Sales
May 2016 Corvette Sales
April 2016 Corvette Sales
March 2016 Corvette Sales
February 2016 Corvette Sales
January 2016 Corvette Sales
Final 2015 Corvette Production Statistics