We’ve been saying for a while now that Corvette inventories are at the highest levels we’ve seen during the C7 era and now a report from Associated Press helps put the numbers in context.
According to the AP as reported by FoxNews.com, the Chevrolet Corvette ranks fourth on the list of Dealer Inventories with a 267 day supply of Corvettes available. It’s one of two Chevrolet vehicles on the list with Camaro coming in at sixth with a 236 day supply.
The AP says that sales of cars fell to just 36 percent of total US auto sales last month as truck, SUV and crossover sales are booming:
Stockpiles are measured by the number of days the inventory would meet demand at the current sales rate.
Corvette sales do tend to slow down during the winter months and a winter storm like the one that just swept through the Mid-Atlantic and Northeastern parts of the country last week can cause buyers to hold off on making that purchase until clearer skies return.
It appears that Chevy is showing no signs of slowing down production as it plans to start building 2018 Model Year Corvettes immediately following the end of the 2017 model year on June 2nd. The inventory levels will eventually be eased by the upcoming three month shutdown of the Bowling Green Assembly Plant for upgrades to the assembly line process.
That being said, it’s a buyers market and we expect that to continue into the summer months. Now is a great time to buy a Corvette as Chevrolet is offering special rebates and incentives on new Corvette sales and many dealers are offering steep discounts off of MSRP to keep sales moving.