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GM / Factory News

2008 Corvette Pace Cars Now Discounted with Employee Pricing

One of the most successful incentive programs offered by GM is now back and the good news is Corvettes are included. Employee pricing for everyone runs through September 2nd and Corvette buyers can save a significant amount on 2008 Coupes, Convertibles and the Z06.

Usually Corvettes are excluded from most of GM’s incentive programs but due to the number of 2008 Corvettes available on dealers lots – 5,854 as of yesterday – the General wants them sold to make room for the 2009 Corvettes now rolling off of the Bowling Green Assembly line.

The discounts are fairly significant too. In the case of the 505 horsepower Z06 where base prices start around $72,000 the discounts can be close to $10,000 off!

Our friends at Kerbeck Corvette only have a few 2008′s left including a Black Z06 and a Indianapolis 500 Pace Car coupe so if you want to get in on the discounts you better give Dave and the gang a call immediately at 1-877-537-2325. Make sure you tell them CorvetteBlogger sent you!


Sponsored by:
Kerbeck Corvette

Related:
July 2008 Corvette Sales

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July 2008 Corvette Sales

by Keith Cornett on August 4, 2008

Sales of New Corvettes continue to decline with July 2008 being one of the worst months on record in recent years. GM’s July sales report show only 1,870 new Corvettes were delivered, a decline of -10.2% from June 2008 and -21.3% over July 2007. For the 2008 Calendar Year, 16,824 Corvettes have been delivered, a decline of -16.4% over the same six-month period in 2007.

July has traditionally been a month where we witness some pullback in deliveries due to the model year changeover and the annual two week plant shutdown at the Bowling Green Assembly Plant. With record inventories on hand though at the beginning of the month, its unlikely that either the model year changeover or the plant shutdown played any role in the reduction of sales in July.

The decision by GM to offer 0% financing on 2008 Corvettes couldn’t have come at a better time for dealers or consumers. The offer includes all three models with 48 months 0% APR for Coupes and Z06s and 60 months 0% APR for Convertibles.

2008 Corvette Delivery Statistics
Month Calendar Year-to-Date
Month 2008 2007 % Change Months 2008 2007 % Change
January 2,015 2,234 -9.8% Jan-Jan 2,015 2,234 -9.8%
February 2,071 2,784 -25.6% Jan-Feb 4,086 5,018 -18.6%
March 2,692 3,158 -14.8% Jan-Mar 6,788 8,176 -17.1%
April 3,190 3,227 -1.1% Jan-Apr 9,968 11,403 -12.6%
May 2,904 3,300 -12.0% Jan-May 12,872 14,703 -12.5%
June 2,082 3,055 -31.8% Jan-Jun 14,954 17,758 -15.8%
July 1,870 2,377 -21.3% Jan-Jul 16,824 20,135 -16.4%


2007 Corvette Delivery Statistics
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%
March 3,158 3,655 -16.7% Jan-Mar 8,176 9,292 -12.0%
April 3,227 3,516 -0.6% Jan-Apr 11,403 12,808 -11.0%
May 3,300 3,317 -4.3% Jan-May 14,703 16,125 -8.8%
June 3,055 2,938 0.1% Jan-Jun 17,758 19,063 -6.8%
July 2,377 2,794 -11.4% Jan-Jul 20,135 21,857 -7.9%
August 2,877 2,990 -3.8% Jan-Aug 23,012 24,842 -7.4%
September 2,837 3,056 -3.5% Jan-Sept 25,849 27,903 -7.4%
October 2,484 2,761 -13.5% Jan-Oct 28,333 30,664 -7.6%
November 2,438 2,773 -12.1% Jan-Nov 30,771 33,437 -8.0%
December 2,914 3,081 -5.4% Jan-Dec 33,685 36,518 -7.8%


Corvette Stock Report:

A check of Jeff Hardy’s website shows a total of 7,162 Corvettes on the ground of yesterday. That’s good news considering at the beginning of July, that number had ballooned up to 8,760 Corvettes. We may already be seeing the effect of the 0% financing offer as we ran the numbers just three days ago and since then 330 2008 Corvettes were sold over the weekend. Here’s the current breakdown in 2008 Corvette inventory:

  • 3,781 Corvette Coupes
  • 1,742 Corvette Convertibles
  • 1,639 Corvette Z06

According to the site, there are 325 2007 Corvettes still available at dealers across the nation.


Source:
GM.com
JeffHardy.com

Related:
GM Offering 0% Financing on 2008 Corvettes
June 2008 Corvette Sales

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GM Offering 0% Financing on 2008 Corvettes

by Keith Cornett on August 1, 2008

The 2008 Corvette Z06

We knew it was coming and GM didn’t let us down. As soon as the 2009 Corvettes started hitting dealer showrooms, GM has announced a 0% financing offer on all new 2008 Corvette models including the Z06. This is a great opportunity for buyers to save thousands of dollars on interest payments as well as help dealers clear excess inventory to make way for the 2009 models.

The 0% financing offer goes into effect this weekend with terms up to 48 months for coupes and Z06 and 60 months for convertibles. A quick check of Jeff Hardy’s website shows the remaining 2008 Corvettes broken down as of yesterday to be:

  • 3,947 Coupes
  • 1,841 Convertibles
  • 1,704 Z06s.

If you’ve been waiting for a traditional model year end rebate, you’re in luck. Those that jump the quickest will have the greatest selection of 2008 Corvettes to choose from and the special offer expires on 8/19/08. Visit our friends at Kerbeck Corvette and Dave and gang will get you into the Corvette of your dreams.


Source:
GM.com
JeffHardy.com

Related:
June 2008 Corvette Sales

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GM Cutbacks Extend to Corvette Program

by Keith Cornett on July 28, 2008

Gary ClaudioLast week GM CEO Rick Wagoneer announced an ambitious plan to cut costs across the board and we are now hearing the cuts will impact two members of the Corvette team. Gary Claudio, Corvette’s current marketing manager and dealer liaison is being moved to a position at Chevrolet Racing. The marketing manager duties will be shifted to Corvette Product Manager Harlan Charles.

Thanks Gary for your service to Corvette and good luck with your future endeavors.

We’ll continue to watch the goings-on at GM and will bring you news as it impacts Corvette.


Related:
Video: Chevrolet’s Harlan Charles Shows Off the Corvette ZR1 Technorati Tags:
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The first 2009 Corvette ZR1 rolls off the assembly line

Chevrolet Dealer and Corvette Collector Dave Ressler was in Bowling Green yesterday to accept delivery of the first retail 2009 Corvette ZR1. Ressler is well known for buying the 6.2 liter supercharged Corvette at January’s Barrett-Jackson Collector Car Auction for $1 million. The special one of a kind Corvette features a unique VIN and will be the only one painted LeMans Blue.

Ressler was in the driver’s seat as the Corvette rolled off the assembly line. Next to him was his 10 month old grand daughter named Ayden Lynn who honked the horn a couple times during the event. The Corvette had a personalized license plate that read “Ayden Lynn” and Ressler referred to the ZR1 several times as his “granddaughter’s car”.

Back in January during the Barrett-Jackson auction, it was very much apparent that Ressler intended to be the high bidder of the Corvette ZR1, raising the bids in $100,000 increments and then sealing the deal at $900,000 by raising his own bid an additional $100,000 to make the gavel fall at $1 Million dollars.

The amount of money over the MSRP, estimated to be at $103,300 – $117,000 depending on options, will go to the United Way of Southeast Michigan.

After the Corvette was performance tested, it was parked outside the Bowling Green Assembly Plant next to Ressler’s other well-known Corvette, the #003 1953 Corvette which, coincidentally, he paid $1 Million for at the Barrett-Jackson Scottsdale auction back in 2006. “I’m proud to have the oldest Corvette along with the newest, best ‘Vette yet,” said Ressler.

Ressler plans to have the Corvette ZR1 trailered back to his home in Bozeman, Montana and put in his museum, where he already has 45 other Corvettes.

Sources:
WBKO.com

Related:
[VIDEO] Barrett-Jackson 08: 1st 2009 Corvette ZR1 Sold for $1 Million
#003 1953 Corvette Sells for 1 Million Dollars

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Japan's Special Edition Corvette: The Corvette S-Limited

GM announced yesterday the production of a limited edition Corvette specifically for the Japanese market. The Corvette S-Limited is essentially an exclusive trim package on a standard C6 Corvette and will have a limited production run of just 30 units and will be evenly split with 15 Black and 15 in Artic White.

The Corvette S will feature a leather wrapped interior, rear spoiler, a grille insert between the car’s dual exhaust and a unique front grille treatment. The Arctic White livery with receive the Linen interior accents, while the Black Corvette S-Limited will feature the Sienna interior accents. The Corvette S will be powered by the LS3 6.2L 430 hp V8 engine.

Japan's Special Edition Corvette: The Corvette S-Limited Japan's Special Edition Corvette: The Corvette S-Limited Japan's Special Edition Corvette: The Corvette S-Limited
Japan's Special Edition Corvette: The Corvette S-Limited Japan's Special Edition Corvette: The Corvette S-Limited Japan's Special Edition Corvette: The Corvette S-Limited
Japan's Special Edition Corvette: The Corvette S-Limited Japan's Special Edition Corvette: The Corvette S-Limited  

In the land of the rising sun, Corvettes are a fairly rare commodity yet demand for America’s Sports Car seems strong based on past year’s allocations. In 2006, 400 Corvettes were allocated to the Japanese market and they were all sold in one month.

This is the second limited edition Corvette being made available this year for a foreign market. In April, the Corvette Competition went on sale in Europe. That Corvette was more than just a trim package with features that included the Z51 Performance Package, Active Handling and a six-speed gear box.

The Corvette S-Limited goes on sale tomorrow (July 4th) for the cost of ¥7,980,000 or $75,329 USD.


Source:
Corvette (Japan) via Left Lane News

Related:
The Competition: A Unique Special Edition 2008 Corvette for Europe
Europe to get LeMans Victory Edition Corvette Technorati Tags:
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June 2008 Corvette Sales

by Keith Cornett on July 2, 2008

What a difference a month makes. Last month I was happily reporting that despite the economy, GM delivered nearly 3,000 new Corvettes in May. Yesterday’s release of June’s sales report is a very different story for Corvette as sales were down sharply with only 2,082 Corvettes delivered. That’s a drop of -28.4% month to month and the decline is even greater (-31.8%) when comparing June 2008 to June 2007.

June has traditionally been a good month for Corvette sales and now all those extra Corvettes are showing up on Chevrolet dealer lots. Last month’s Corvette Stock Report showed 7,697 2008 models on the ground and as of yesterday there are now 8,760 Corvettes available at dealer’s nationwide.

This is not the best news for Chevrolet dealers as production for the 2009 Corvette models are underway and Corvettes have begun shipping from the Bowling Green Assembly Plant. However, this could be very good new for consumers. GM traditionally offers several incentives and discounts on last year’s models which is usually the only time these lot-clearing offers are made available on the Corvette. And unlike last year which saw the 2008 refreshed with the LS3 engine and a variety of interior updates, the differences between the “old” 2008 and “new” 2009 are very minor.

2008 Corvette Delivery Statistics
Month Calendar Year-to-Date
Month 2008 2007 % Change Months 2008 2007 % Change
January 2,015 2,234 -9.8% Jan-Jan 2,015 2,234 -9.8%
February 2,071 2,784 -25.6% Jan-Feb 4,086 5,018 -18.6%
March 2,692 3,158 -14.8% Jan-Mar 6,788 8,176 -17.1%
April 3,190 3,227 -1.1% Jan-Apr 9,968 11,403 -12.6%
May 2,904 3,300 -12.0% Jan-May 12,872 14,703 -12.5%
June 2,082 3,055 -31.8% Jan-Jun 14,954 17,758 -15.8%


2007 Corvette Delivery Statistics
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%
March 3,158 3,655 -16.7% Jan-Mar 8,176 9,292 -12.0%
April 3,227 3,516 -0.6% Jan-Apr 11,403 12,808 -11.0%
May 3,300 3,317 -4.3% Jan-May 14,703 16,125 -8.8%
June 3,055 2,938 0.1% Jan-Jun 17,758 19,063 -6.8%
July 2,377 2,794 -11.4% Jan-Jul 20,135 21,857 -7.9%
August 2,877 2,990 -3.8% Jan-Aug 23,012 24,842 -7.4%
September 2,837 3,056 -3.5% Jan-Sept 25,849 27,903 -7.4%
October 2,484 2,761 -13.5% Jan-Oct 28,333 30,664 -7.6%
November 2,438 2,773 -12.1% Jan-Nov 30,771 33,437 -8.0%
December 2,914 3,081 -5.4% Jan-Dec 33,685 36,518 -7.8%


Corvette Stock Report:

A check of Jeff Hardy’s website shows a total of 8,760 2008 Corvettes on the ground as of yesterday. This is a 12% increase over last month’s check which showed 7,697 2008 Corvettes available nationwide.

  • 4,758 Corvette Coupes
  • 2,036 Corvette Convertibles
  • 1,966 Corvette Z06

According to the site, there are 406 2007 Corvettes still available at dealers across the nation.


Source:
GM.com
JeffHardy.com

Related:
May 2008 Corvette Sales

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2009 Corvette ZR1 on the Nürburgring

Corvette’s Chief Engineer Tadge Juechter has finally made public the much anticipated Nürburgring lap time by the 2009 Corvette ZR1. On the morning of Friday, June 27th, GM Development Engineer Jim Mero drove the 2009 Corvette ZR1 around the Nürburgring in a time of 7:26.4. The entire post from Tadge is after the jump.

I know many people have been very interested in how fast the ZR1 would be at the Ring…

Most car enthusiasts are quite familiar with the Nürburgring. Built in the 1920’s near Cologne, Germany, “the Ring” is considered to be the toughest and most challenging race track in the world.

Over the last two weeks, we have been doing our final tuning and testing there before we start ZR1 production cars. This morning (Friday June 27), General Motors development engineer Jim Mero drove the Corvette ZR1 around the Nürburgring in a time of 7:26.4.

Jim commented after the lap that conditions were good except for a strong headwind down the main straight and that the lap was solid, but he felt there were a few places he could have gone faster.

The car was bone stock with the exception of the communications and safety equipment. The tires were production Michelin Pilot Sport 2’s. These tires have been developed specifically for the ZR1 and will have impressive wet traction and wear (tread wear rating = 220), in addition to excellent dry road holding. Chassis alignment and vehicle height were set to factory specs. Likewise, the engine calibrations were absolutely stock, emissions compliant and the car ran on pump (not racing) fuel. The vehicle was exactly like the cars that will be built in Bowling Green, Kentucky and sold around the world later this summer.

Despite posting one of the fastest times ever run by a production car, Nürburgring lap times were not an over-riding priority in the development of the ZR1. The truth is, if the only priority was speed at the ring, the car would not be very pleasant to drive on American roads. The ZR1 is an incredibly capable track machine, but unlike most ultra-high performance cars, it is very easy to live with on a daily basis.

The timed lap was run with a rolling start, a departure from our previous practice of standing starts. This is more aligned with current industry practice. The lap was electronically timed and confirmed with two hand-held stopwatches. An in-car video will be posted when the engineering team returns from Germany. Look for it the week of July 7!

The time falls in the range where most observers thought it would, and we are left to wonder what the outcome would have been if the Corvette ZR1 had been driven by Corvette Racing’s Jan Magnussen, who lapped the ‘ring in the Corvette Z06 with a time of 7:42.9. The ZR1′s 7:26.4 is faster than the Nissan GT-R’s time of 7:29.03 but 1.4 seconds behind the unofficial 7:25 run by the GT-R V-Spec.

As Tadge mentioned, a video of the run is forthcoming. In the meantime, this video was just posted by the guys at BridgetoGantry.com. Because Tadge doesn’t mention whether or not the ZR1 had the track to themselves, and the video shows another car on the track, we’re unsure if this clip is actually from this morning’s 7:26.4 run.

A complete list of Nürburgring lap times can be found at wikipedia.


Source:
GMnext.com
BridgetoGantry.com

Related:
Spied: 2009 Corvette ZR1 Running the ‘Ring
Tadge Calls Out Nissan’s GT-R: Corvette ZR1 Will Beat ‘Ring Time

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Inside the Corvette Paint Lab

GMnext is doing a fantastic job at cranking out behind the scenes videos like the Corvette ZR1 Build we presented earlier this week. With this next video they’ve taken a video crew where few have gone before – inside the paint lab at the Corvette Assembly Plant in Bowling Green, Kentucky.


Source:
GMnext.com via CorvetteConti.com

Related:
[VIDEO] Corvette ZR1: Factory Assembly Process

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[VIDEO] Corvette ZR1: Factory Assembly Process

by Keith Cornett on June 18, 2008

The 6.2L Supercharged Corvette ZR1

I received a text message yesterday from GMnext.com alerting me that a new video showcasing the assembly of a Corvette ZR1 was online. The video starts with the ZR1′s frame and follows the assembly process until the Corvette is completed and driven out to the back lot ready to be transported. One aspect of the video that I really enjoyed was hearing the comments made from the assembly plant workers who speak about the Corvette ZR1 with pride and enthusiasm.

If you’d like to join the GMnext ZR1 Mobile Club, text ZR1 to 466398.


Source
GMnext.com

Related:
[VIDEO] Barrett-Jackson 08: 1st 2009 Corvette ZR1 Sold for $1 Million
[VIDEO] The Introduction of the Corvette ZR1 at GM Style

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