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Buying & Selling

February 2007 Corvette Sales

by Keith Cornett on March 5, 2007

GM Sold 2,784 Corvettes in the month of February, 550 more than were sold the month prior. However, sales were -9% off the February 2006 mark of 3,058. For the 2007 calendar year to date, Corvette sales remain -11% off of the 2006 pace. 5,018 Corvettes have been delivered in 2007 compared with 5,637 Corvettes for 2006. Monthly Corvette Sales Report:

Month Calendar Year-to-Date
Month 2007 2006 % Change Months 2007 2006 % Change
January 2,234 2,579 -16.8% Jan-Jan 2,234 2,579 -16.8%
February 2,784 3,058 -9.0% Jan-Feb 5,018 5,637 -11.0%

Source:
GM Related:
January 2007 Corvette Sales Technorati Tags:
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2007 Corvette Pace Car Allocation Info

by Keith Cornett on February 23, 2007

2007 Indianapolis 500 Pace Car ReplicaCorvetteConti.com has posted some preliminary information about how Chevrolet will allocated the Pace Car Replica Corvette to its dealers. We do know that GM will begin producing the Pace Car replica’s for consumer purchase in May and June. A street date for availability has yet to be released but we do know that it won’t happen prior to the annual Memorial Day 500 race. If you are interested in obtaining a 2007 Indy 500 Pace Car replica, then here are some guidelines outlining how the Corvettes will be allocated:

“The intention is to provide a minimum of one Pace Car replica to each dealer who sold 24 or more Corvettes (including Z06) from 4/1/06 – 3/31/07. (Two Corvettes per month) It is anticipated that approximately 345 dealers will receive at least one Pace Car replica allocation. The balance of the available allocations will be distributed based on each Dealer’s percentage of total Corvette sales for the subject period so that the largest Corvette dealers will then receive multiple allocations. Pace Car allocation will be included within May 2007 estimated shipments and will be communicated as a constraint during the DOSP cycles for TPWs 6/4/07 ~ 6/18/07. Constraints will not be protected and any constraints not utilized by the originally assigned dealer will be made available to other dealers having May Corvette allocation. Using code CCR will help secure allocation. Final determination of individual dealer allocation cannot yet be communicated since a few dealers on the fringe may change between now and the end of March. However, it should be safe to use the 24 Corvette sales cutoff when providing generalized guidance as to whether or not a dealership will have allocation ”
So there you have it. Find yourself a dealer who has a larger allocation of Corvettes, and make sure you bring your checkbook.
Source:
CorvetteConti.com Related:
Dealer Attempts Sale of Ron Fellows Z06 Corvette On eBay
Corvette Convertible to Pace Indianapolis 500 Technorati Tags:
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Dealer Attempts Sale of Ron Fellows Z06 Corvette On eBay

by Keith Cornett on February 20, 2007

The Ron Fellows ALMS GT1 Championship Corvette Z06Plans are being firmed up for how the roughly 300 Ron Fellows ALMS GT1 Championship Z06 Corvettes will be allocated in the US. But that didn’t stop Hare Chevrolet of Noblesville, Indiana for a chance to cash in on the hype surrounding the Artic White Signature Corvette. On February 12, just 5 days following the debut of the car at the Chicago Auto Show, Hare Chevrolet created an ebay auction to sell their allocation of the Z33 Ron Fellows Corvette Z06. If you want it, just bid the amount OVER MSRP that you want to pay for it. The bidding reached $16,700 but failed to make reserve and the auction ended yesterday, February 19th. From the eBay auction:

Bowling Green are only making 300 of these rare Z06′s for sale in the United States!! Hare Chevrolet will be getting ONE of these!! To put it in perspective for all bidders, there are over 4300 Chevrolet dealerships in the country, and once these collectibles are gone, they’re gone. Here is your chance to truely own a Rare Z06… The bid that you are bidding is for the price over MSRP you are willing to pay. Example; winning bidder of $25000.00 will be responsible for MSRP plus $25000.00 plus $125 documentation fee. That’s it.
I’m not against a dealer trying to make a buck or two, and perhaps the auction format is the best way to allow the market to decide who wants the Corvette the most. I am wary of those selling cars that haven’t even been built yet. What if the dealer doesn’t get the allocation? What if the dealer’s owner suddenly decides he wants the car. Too many factors this far out can only lead to dissatisfaction with the dealer and the sales process, thereby reinforcing the axiom of “car dealers are out to screw the customer”.
Source:
eBay.com Related:
2007 Z06 Corvette MSRP Increases Nearly $3K Technorati Tags:
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January 2007 Corvette Sales

by Keith Cornett on February 2, 2007

In the month of January, Corvette sales declined significantly from December and are down as well in the year to year number. 2,234 Corvettes were sold in the month of January 2007, 847 cars less than the 3,081 Corvettes in December 2006 and 345 cars less than January 2006′s total of 2,579. While the December to January sales decline looks like a large drop, historically we find that sales of Corvettes in January are much lower than what they were at the end of the calendar year. Each month we will add the sales figures to the graph below and carry it over to each new report.

Month Calendar Year-to-Date
Month 2007 2006 % Change Months 2007 2006 % Change
January 2,234 2,579 -16.8% Jan-Jan 2,234 2,579 -16.8%

Source:
General Motors Related:
December 2006 Corvette Sales Technorati Tags:
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Barrett-Jackson Auction Starts Today

by Keith Cornett on January 16, 2007

2007 Barrett-Jackson Collector Car AuctionThe Barrett-Jackson Collector Car Auction gets underway today with the first 150 cars expected to cross the auction block. This is the 800 pound gorilla of car auctions and the prices of cars sold at this auction could help us forecast the collector car market for the rest of the year. While we’ve already mentioned the star Corvettes like The Last Corvette, the Dual 1963 SWC Tankers and the 1967 Yenko Corvette, there is actually a wide variety of Corvettes that will be available. In fact, 150 Corvettes are expected to be sold in the next few days raging from a 1953 Convertible to a 2003 Safety Pace Car. Speed Channel (check your local listings) will have coverage throughout the week with most of the action happening in primetime on the weekdays and afternoons through primetime on the weekends. You can get a list of the lot numbers scheduled for each day so if there is a particular car you are interested in, you can probably see it auctioned. The Star Corvettes that we mentioned above as well as most of the other star cars are scheduled for primetime on Saturday. CorvetteBlogger.com will have continuing coverage of the Barrett-Jackson Collector Car Auction as well as a roundup of the results as they become available.
Source:
Barrett-Jackson Collector Car Auction
Speed Related:
2006 Barrett-Jackson Corvette Sales Top $12.6 Million Technorati Tags:
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2006 European Corvette Sales

by Keith Cornett on January 11, 2007

The Corvette brand continues to be well accepted in GM’s European Market. Sales totaled 1,257 Corvettes for 2006, which was on par with 2005 Sales. These numbers are significant to GM as prior to the C6 model, yearly Corvette sales were in 300-400 range. Part of the GM strategy for introducing the Corvette to European buyers has been the building of a number of specialized dealerships for Cadillac/Corvette/Hummer. In 2006, Cadillac saw 22% growth in sales while Hummer H2 and H3 Sales tripled to 1,848.
Source:
GM Europe via AutoSpectator.com Related:
December 2006 Corvette Sales Technorati Tags:
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December 2006 Corvette Sales

by Keith Cornett on January 4, 2007

In the latest monthly sales report released by General Motors, Corvettes sales continue to slide against the monthly numbers from the previous year. Corvette sales were down 2.2% in December 2006 vs December 2005 with 3,081 deliveries vs 3,271 Corvettes delivered the previous time period. Calendar Year to Date sales still remain strong despite the monthly downturn and are higher than the same time period a year ago. 2006 January to December sales show a 12.4% increase with 36,518 Corvettes delivered vs 32,489 Corvettes delivered in 2005. There were 26 selling days in December 2006 vs 27 days in December 2005.
Source:
GM Related:
November 2006 Corvette Sales Technorati Tags:
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November 2006 Corvette Sales

by Keith Cornett on December 2, 2006

GM’s November 2006 Sales Report has been released. Corvette Sales for November 2006 have shown a -12.2% decline from November 2005. Last month, GM sold 2,773 new Corvettes vs. 3,157 for the same month in 2005. This is the second month in a row we have seen a decline, though last month’s dip was only -3.4%. Calendar year to date sales are still strong with 33,437 Corvettes sold January-November 2006 vs 29,218 sold in 2005. That is still on pace for a 14.4% increase over last year. There were 25 selling days for both the November 2006 and 2005 sales period. Source: GM
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October 2006 Corvette Sales

by Keith Cornett on November 6, 2006

GM’s October 2006 Sales Report has been released and Corvette sales dipped 3.7% in Year to Year monthly sales. 2,761 Corvettes were delivered in October 2006 vs 2,981 in October 2005. Calendar Year-to-Date sales are still stong but have also declined slighlty over last month with a 17.7% gain of 30,664 Corvettes delivered in 2006 vs 26,061 in 2005. Last month a total of 3,056 Corvettes were sold vs the 2,761 Corvettes moved in October 2006. There were 25 selling days for the October 2006 period vs 26 selling days in October 2005. Source: GM
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DecodeThis: Your Online Corvette VIN Decoder

by Keith Cornett on October 30, 2006

1972 CorvetteOne of the many questions I constantly get (and love!) is how to decode a Corvette’s Vehicle Identification Number (VIN). The VIN can contain some interesting information including Body Style, Engine Size and if the Corvette may be one of a select number of special edition Corvettes. Early Corvette VIN’s contained mostly just the body style numbers. Beginning in 1972, the engine option was coded into the VIN, and in 1978, the first special edition Corvette, the Pace Car Replica had its own digit in the VIN. An interesting website called Decodethis.com has put together a search engine for VIN’s that will decode your VIN if it appears in their database. Currently VIN’s for 1953-1974 Corvettes are available, with more coming soon. The site is also accessible from mobile phones and PDA’s, so if say you are at a show or auction, just tap the VIN into their search and voila! Instant results! The site also decodes Mustangs, Camaros, Firebirds, Chryslers and more. When making any classic car purchase, knowledge is power. In today’s muscle car climate where imitators are cloning Corvettes faster than you can say Dolly, the VIN is where to start the documentation process. Source: Decodethis.com via Autoblog.com
Photo: CorvetteImages.com
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