It’s the first of the month and that means General Motors has reported its monthly sales from July 2017. During the month, a total of 1,930 Corvettes were delivered to new owners. That is a -10.6% decline from the same time in 2016. For the calendar year to date (January 1st-July 30th), a total of 15,637 Corvettes were delivered to new homes. That is also pacing -7.1% behind the 16,827 Corvettes sold during the same time period in 2016.
Any time sales fall below 2,000 units per month, we take notice. In the modern C7 era, only four previous months have reported sales less than 2,000 and July 2017 with be the fifth month to post such a number.
Part of the decline could be from the lack of incentives that we saw earlier in the year. Now that there will be no new Corvettes coming off the line for another three months, Chevrolet has made the decision (at least initially) not to discount or support new Corvette sales with any meaningful incentives. Heck, they aren’t evening offering their standard 4.9% APR offer, so that tells you something right there.
We do know there is a private offer, meaning you have to be on one of the GM’s lists and your name chosen at random to be able to utilize the discount. That current offer is $3,000 off any 2017 Corvette or $5,000 off any 2017 Corvette with J57 ceramic brakes.
The next three GM sales reports will be interesting to see as any new Corvettes sold in the next months will come from existing dealer stocks. Many dealers have added additional inventory to prepare for these months during the plant shutdown.
We did learn this week as well that Chevrolet built 6,469 Corvettes for the 2018 model year between June 5th and July 27th and a total of 356 Carbon 65s have been built. Not all those are spoken for either as many dealers grabbed an allocation for the special edition since the packages are standard.
Here’s the GM Sales Report for Corvettes in July 2017:
|Corvette Delivery Statistics for July 2017|
|Month||2017||2016||% Change||Months||2017||2016||% Change|
Corvette Sales Monthly Archive:
|Archived Monthly Corvette Delivery Statistics|
General Motors sold 202,220 vehicles in July 2017 to retail customers. Total retails sales were down 14 percent from last year’s strong July. GM also made a point to say their spending on incentives for the month were behind the industry average.
Chevrolet’s retail sales totaled 132,533 and are down -14.1% for the month. Crossover sales continue to lead with Equinox, Traverse and Trax all having their best year to to date. The Colorado was up 22% and the Bolt EV will begin nationwide sales beginning in August.
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.
June 2017 Corvette Sales
May 2017 Corvette Sales
Top 50 Corvette Dealers in 2017 (through April 30th)
April 2017 Corvette Sales
March 2017 Corvette Sales
February 2017 Corvette Sales
January 2017 Corvette Sales
December 2016 Corvette Sales
November 2016 Corvette Sales
October 2016 Corvette Sales
September 2016 Corvette Sales
August-2016 Corvette Sales
July 2016 Corvette Sales
June 2016 Corvette Sales