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September 2008 Corvette Sales

by Keith Cornett on October 2, 2008

Corvette sales continued to be pretty decent through September, no doubt bouyed by the Employee Discount Program on remaining 2008 Corvettes that ran through the end of the month. Last month, 2,318 Corvettes were delivered but sales were down 18.3% over September 2007. W continue to have some major concerns with the impact the credit crunch may have in the coming months.

Within the last month, GM began making moves to ease the impact of the current economic slowdown in regards to Corvette Sales. The first will be a cut in production later this month by closing the Bowling Green Assembly Plant for a week as well as the slowing production line – two moves that should ease dealer inventories. GM also announced a $1520 price increase across the board, while not in itself a significate price hike, it is a move that will help offset some of the cuts that GM has been making to ensure profibility.

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%
August 4,242 2,877 47.4% Jan-Aug 21,066 23,012 -8.5%
September 2,318 2,837 -18.3% Jan-Sept 23,384 25,849 -9.5%


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 7,821 Corvettes on the ground as of yesterday and can be broken down into:

  • 2007 Corvettes – 210
  • 2008 Corvettes – 2,828
  • 2009 Corvettes – 4,783
Here’s the current breakdown in 2008 Corvette inventory in case you’re still looking to score a deal:
  • 1,265 Corvette Coupes
  • 849 Corvette Convertibles
  • 714 Corvette Z06


Source:
GM.com
JeffHardy.com

Related:
GM: Corvette Production Being Cut to Reduce Supply
August 2008 Corvette Sales

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GM Raises Prices on All 2009 Corvettes

by Keith Cornett on September 30, 2008

GM announced yesterday an across the board price increase on all Corvettes produced on and after September 29, 2009. Coupes, Convertibles, Z06s and the ZR1 will have their MSRP raised by $1,520. This price will effect any Corvette that is not already in dealers stock.

Kerbeck Corvette’s Sales Manager Dave Salvatore told us you are price protected if you have a Customer order date prior to September 29th. He also sent us the new Corvette base prices (not including the $850 destination charge or the ZR1’s gas guzzler tax):

  • Coupe – $48,565
  • Convertible – $53,220
  • Z06 – $73,925
  • ZR1 – $103,970

The good news is that Kerbeck Corvette has over 85 2009 Corvettes in stock at the old price! Call Dave and his team today at 1-877-537-2325 to get the best price available and make sure you tell him CorvetteBlogger sent you!


Sponsored by:
Kerbeck Corvette

Related:
GM: Corvette Production Being Cut to Reduce Supply

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Transformers Corvette Concept Revealed as Sideswipe

by Keith Cornett on September 25, 2008

Corvette Centennial Design Concept on Set of Transformers

Since the mysterious Corvette Centennial Design Concept was spotted on the set of Transformers: Revenge of the Fallen, there has been much speculation about the identity that the car would portray when in Robot mode. At a recent Hasbro Licensing summit in Malaysia it was revealed that the Corvette was in fact Sideswipe.

Producer Michael Bay has had to jump through some hoops to appease the Transformers fan base (we know all about rabid fan bases) because GM has an exclusive agreement to provide the vehicles for the movies. In the original cartoon, Sideswipe was one of original crew members of the ARK, although he was a red Lamborghini when in auto-mode.

Transformers 2 Corvette Concept Transformers 2 Corvette Concept
Transformers 2 Corvette Concept Transformers 2 Corvette Concept

I’m the first to admit that I’m not really up on Transformers trivia. I’d rather have a hunk a junk that can make the Kessel run in under 12 parsecs any day than a car that transforms into a robot. But I digress. I’m just still trying to understand that if you’re a robot hiding on earth, why pick a Corvette Concept car as your secret identity?


Source:
Seibertron

Related:
Transformers Mystery Car Revealed as Corvette Centennial Design Concept
Transformer’s Corvette Concept Revealed
[VIDEO] Sixties Corvette To Make Warp Speed in Next Star Trek Movie?

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GM: Corvette Production Being Cut to Reduce Supply

by Keith Cornett on September 15, 2008

Corvettes on a dealer's lot

Not since the mid-Nineties has production of the Corvette been slowed due to oversupply, but now it appears that GM will halt production of the iconic sports car next month to lessen supplies during this so-called automotive downturn. Often billed as “recession-proof”, Corvette’s production will be cut by an estimated 20-30 cars per day and layoffs will effect up to 9% of the Bowling Green Assembly Plant’s workforce.

Automotive News has confirmed with GM that production of the Corvette will be halted the week of October 6th and when assembly resumes on October 13th, the assembly line will be slowed from 18.5 to 15 Corvettes per hour. The slower production will result in roughly 20-30 Corvettes per day being eliminated from the supply while the one week shutdown will remove an estimated 700 Corvettes from supply.

Eldon Renaud, President of the UAW Local 2164 in Bowling Green said up to 75 people of the 800 hourly workforce could be laid off. “We’ve weathered a lot of downturns but I think this one has finally lasted long enough and people are concerned enough about the economy that it’s probably having a minor effect.”

Through the first eight months of 2008, Corvette sales fell 8.5% to 21,066. While we saw a 47.4% rebound in August sales when the 2008 Corvette was included in GM’s employee pricing incentive program, GM Spokesperson Sharib Basel says “you can’t count on incentives holding down inventories through the balance of the year.”


Source:
Automotive News via Autoblog

Related:
August 2008 Corvette Sales

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Corvette Photo Caption Contest – The Winners List

by Keith Cornett on September 9, 2008

C6 Corvette and a Mercedes Benz Getting It On

Thanks for everyone who submitted a caption for our Corvette accident photo. There were some real gems submitted, so instead of picking one winner, I selected three from the list:

1. “The luxury you want with the handling you crave” – Matt Culler

2. “OK, I promise to leave the Nordschleife alone, from now on it’s yours” – Lee Kibbler

3. “Wow, I knew that new wax I bought at Carlisle was slippery, but…” – Mike Holeva

An email will be sent to the three winners so I can get their mailing addresses. Our first place winner will receive a 2008 Corvette Black Book, 2008 Corvette Price Guide and a Bridgestone Firestone tire gauge. The two runner ups will each receive a Bridgestone Firestone tire gauge. This was fun and the participation was greater than expected so we’ll see about doing more of these kinds of contests.


Source:
Ventura County Star

Related:
Corvette Accident Photo: Prizes For Best Caption
Take Out! Hertz Corvette ZHZ Wrecks Dallas Restaurant

Thanks to:
Bridgestone Firestone

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Corvette Centennial Design Concept: Lutz Comments

by Keith Cornett on September 4, 2008

Corvette Centennial Design Concept

As another set of high quality photos featuring the Corvette Centennial Design Concept make their way to our friends over at Jalopnik, we finally get a comment from GM’s Bob Lutz regarding the significance of the concept in relation to the next generation C7 Corvette.

Since the first photos surfaced earlier this year of the Centennial parked behind a car hauler on the Transformers movie back staging area, the Concept has fueled rumor and speculation about this being a C7 Corvette prototype.

Leftlane News recently posed the production question to GM Vice Chairman Bob Lutz:

Leftlane: “Is there any significance to the Chevrolet Corvette Centennial concept, aside from the role in Transformers 2?”

Mr. Lutz: “No, I would say that is in the realm of ‘pure concept.’ At this point, there’s zero intention to produce.”

Leftlane goes on to point out that Lutz said the very same thing about the Camaro beginning as “pure-concept” so anything may be possible.

The Corvette Centennial Design Concept was developed as part of GM’s 100 Year celebration. This design study integrates key design elements of previous Corvettes as well as other GM vehicles.

Once of the more fascinating elements is the stingray emblem on the rear deck behind the split window. It’s a very minor element but it gives the Corvette Centennial an attitude and a sense of identity that is sometimes lacking in design concepts. Bottom line? We think its a great starting point for the C7.

Make sure you view the entire gallery of new Corvette Centennial Design Concept photos at Jalopnik.


Sources:
Jalopnik
Leftlane News

Related:
Transformers Mystery Car Revealed as Corvette Centennial Design Concept
Transformer’s Corvette Concept Revealed
[VIDEO] Sixties Corvette To Make Warp Speed in Next Star Trek Movie?

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August 2008 Corvette Sales

by Keith Cornett on September 4, 2008

To say that GM’s two rebate programs in August – the 0% Financing offer and the Employee Discount Program has given new life to sales of Corvettes is an understatement, much like saying the Corvette ZR1 is just another sports car. Sales of new Corvettes in August 2008 shot up to 4,242 units from 1,870 units the month before, and year to year Corvette deliveries are up 47%. Despite the fact that 2009 Corvettes are now in dealer showrooms, customers turned out overwhelming to purchase 2008 Corvettes – over 3,100 of them – based on a comparison of this month’s Corvette Stock Report compared to what we saw at the beginning of last month.

While we usually save the Corvette Stock Report for after the monthly sales tables, its important to highlight just what effect the Employee Discount Program for Everyone has accomplished. At the beginning of August, there were a total of 7,162 2008 Corvettes available. As of yesterday that number has dropped to 4,033 units. That’s a reduction of last year’s inventory by 56% in just one month.

The good news is that GM has extended the Employee Discount Program though the month of September so the hope is the buying surge will continue to reduce levels of 2008 inventories including the Corvette.

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%
August 4,242 2,877 47.4 Jan-Aug 21,066 23,012 -8.5


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 7,605 Corvettes on the ground as of yesterday and can be broken down into:

  • 2007 Corvettes – 261
  • 2008 Corvettes – 4,032
  • 2009 Corvettes – 3,312
For those of you looking to score on a 2008 Corvette, here’s the current breakdown in 2008 Corvette inventory:
  • 2,006 Corvette Coupes
  • 1,042 Corvette Convertibles
  • 984 Corvette Z06


Source:
GM.com
JeffHardy.com

Related:
Save Up To $10K On 2008 Corvettes With GM’s Employee Pricing
GM Offering 0% Financing on 2008 Corvettes
July 2008 Corvette Sales

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Final 2008 Corvette Production Numbers

by Keith Cornett on September 3, 2008

2008 Corvette Production

2008 was a banner year for the Corvette. The model year received a mid-cycle upgrade that featured the new 6.2 Liter LS3 engine with 436 horsepower, new interior choices and two exciting new colors, Jetstream Blue and Crystal Red Metallic. Two special edition Corvettes were built, the Z44 Corvette Z06 427 edition and the Z4Z 30th Anniversary Indianapolis Pace Car. Demand for new Corvettes translated into 35,310 Corvettes produced, and for the first time since its re-introduction in 2001, the Z06 outsold the convertible.

The Bowling Green Assembly Plant’s release of 2008′s Corvette Production Figures shows that 7,731 (22%) Corvette Z06s were built compared to 7,549 (21%) Corvette Convertibles. This is lowest output of Convertibles since 1996 when only 4,369 were produced. The Coupe made up the majority of production with 20,030 (57%) Corvette Coupes assembled.

When it comes to colors, 1 out of every 4 Corvettes is Black (9,380 – 26.6%). The two shades of red, Victory Red (5,638) and the new Crystal Red (5,420) make up 31.3% of colors produced. The other new color for 2008 was Jetstream Blue, which accounted for 3,728 Corvettes (10.26%). That figure was in line with 2007′s LeMans Blue in which 3,854 were made. What’s also interesting is how this report from the assembly plant references the two new colors: Jetstream Blue is called Bluestream and Crystal Red is called Crystal Claret. Hmmmm.

Corvette’s popularity abroad remained strong for 2008. Exports to Europe were 1,300 (3.7), Canadian Units totaled 643 (1.8%), and Corvettes exported to Mexico totaled 32 (0.1%).

Here are selected highlights from the final 2008 Corvette Production Numbers:

Corvettes Produced Amount Percent    
         
Coupes 20,030 57%    
Convertibles 7,549 21%    
Z06 Hardtops 7,731 22%    
  _______ _______    
Total 35,310 100%    
         
         
Exterior Colors Total Coupe Convertible Z06
         
10U Artic White 1,974 1,320 654 0
41U Black 9,380 4,977 1,818 2,585
45U Velocity Yellow 3,264 1,816 550 898
67U Machine Silver 3,660 2,088 753 819
74U Victory Red 5,638 3,120 1,116 1,402
83U Atomic Orange 2,246 1,272 458 516
85U Bluestream 3,728 2,067 655 1,006
89U Crystal Claret 5,420 3,370 1,545 505
         
         
Convertible Top Colors Total      
         
35T Gray Beige 1,779   1,779  
37T Titan Gray 630 0 630  
41T Black 5,140 0 5,140  
         
         
Interior Colors Total Coupe Convertible Z06
         
02I Cobalt Red 2,207 989 506 712
19I Ebony 20,730 12,837 3,242 4,651
24I Ebony/Brick 689 256 138 295
31I Light Cashmere 4,940 2,952 1,988 0
42I Ebony/Lt Linen 1,669 632 367 670
78I Ebony/Dk Titanium 505 0 0 505
84I Light Titanium 4,570 2,364 1,308 898
         
         
Transmissions Total Coupe Convertible Z06
         
MM6 6-Speed Manual 11,760 3,235 794 7731
MX0 6-Speed Auto Paddle 19,136 13,304 5,832 0
MZ6 6-Speed Manual w/Z51 4,414 3,491 923 0
         
         
Wheels Total Coupe Convertible Z06
         
QG6 Base Aluminum 7,828 6,701 1,127 0
QG7 Polished Aluminum 5,412 3,973 1,439 0
QL9 Z06 Polished Aluminum 970 0 0 970
QX1 Comp. Gray Painted Aluminum 1,781 1,588 193 0
QX3 Chrome 9,626 6,063 3,563 0
Q10 Z06 Base 760 0 0 760
Q44 Z06 Comp. Gray 395 0 0 395
Q76 Z06 Chrome 5,101 0 0 5,101
Q8A Z06 427 SE 505 0 0 505
Q9V Forged Chrome 2,932 1,705 1,227 0
         
         
Other Options Total Coupe Convertible Z06
         
C2L Dual Roof Pkg 2,773 2,773 0 0
F55 Magnetic Select Ride 4,666 2,959 1,707 0
NPP Dual Mode Exhaust 13,454 9,254 4,200 0
R8C Museum Delivery 954 471 284 199
UV6 Heads Up Display 25,493 10,973 6,789 7,731
U2K XM Satellite Radio 33,561 19,086 7,348 7,127
Z51 Performance Handling Pkg 10,706 7,757 2,949 0
         
         
Export Units Total Coupe Convertible Z06
CV3 Mexican Export 32 24 8 0
MAE European Export 1,300 656 172 472
Z49 Canadian Export 643 212 181 250
         


Source:
Bowling Green Assembly Plant via CorvetteConti.com

Related:
Official 2008 Corvette Pricing Announced
Final 2007 Corvette Production Numbers

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C7 Corvette Rumors: Is A Twin Turbo V6 In The Mix?

by Keith Cornett on August 26, 2008

Corvette Centennial Design Concept

Popular Mechanics recently played the guessing game on the 2012 C7 Corvette and since we’re all about Corvettes here (hence the name – CorvetteBlogger), we decided to reprise our role of irresponsible speculators. Besides, now that the supercharged ZR1 is rolling off the assembly line, we need something new to dream about. With the changing times brought on by $4/gallon gas, we know two elements that will become the mantra for those in charge of developing the next Corvette – reduced weight and fuel efficiency. How GM gets there will be the trick.

Development for every generation of Corvette since the C4 has started out with engineer’s dreaming of a mid engine layout. And every single time its tried its ruled too expensive. As one of the hallmarks of the C7 program will be weight reduction, a mid engine Corvette will not be in the cards for the C7. Jim Hall of 2953 Analytics tells Popular Mechanics “The mid-engine Corvette is simply too expensive. It would need costly new tooling and offers little weight savings because it requires an extra, metal-intensive firewall.” So count on the next Corvette being like the first Corvette – front engined and rear wheel drive.

So what will go in that engine compartment? GM’s recently foray into supercharged engines could mean a smaller V8 with displacement returning back around 5.7 liters instead of the 6.2 liter and 7.0 liters we see on the C6 Corvette. But superchargers, turbo charging and variable valve timing will still make the smaller V8′s much more powerful than their predecessors.

Can a Corvette be a Corvette without a V8? Another bold idea being floated is a twin-turbo version of the 3.6-liter DOHC V6 that’s currently in the Cadillac CTS. That engine could easily pump out 400 hp, just 36 less than today’s LS3 V8. Drop that engine into a Corvette that weighs several hundred pounds less than today’s C6 and you’ll have something moves.

And speaking of weight, the new C7 Corvette will have to be several hundred pounds lighter to maintain that all important performance to weight ratio. The Corvette Z06 is already considered relatively light at 3200 pounds and technology exists to cut this figure even more. Katech recently announced that their ClubSport Z06 in its ultimate performance configuration has a weight of 2825 lbs, so we know its doable.

We could see the next generation Corvette make more extensive use of carbon fiber and aluminum, especially as these materials mature and higher production levels can be achieved. The hydroformed steel frame found on the Coupe and Convertible models could be dumped altogether in favor of the aluminum frame used on the Z06 and ZR1 models. Titanium and Magnesium are two other pound saving materials that have found their way onto Corvettes in limited production but the cost factor for these metals is higher so use may still be limited to wheels and exhaust.

Popular Mechanics also believes that despite the fuel savings that could be gained from Corvette moving to a dual clutch gearbox, one with seven gears and a wide ratio spread, the development dollars for such a project, estimated at half a billion dollars, has already been shifted to other more pressing projects like the Chevy Volt. We’ll have to wait and see if this is the case as that UAW agreement that ended the strike last fall calls for such a transmission to be built.

And finally, the next Corvette will be drawn by the same talented designers who’ve been on a roll lately with efforts including the Cadillac CTS, Pontiac’s Solstice Coupe and the new Chevrolet Camaro. The Corvette Centennial Design Concept that will make its movie debut in Transformers: Revenge of the Fallen may provide some insight to the limits that GM’s designers are willing to push for the 2012 Corvette C7.


Source:
Popular Mechanics

Related:
Lighter, Greener Corvette on the Horizon
GM-UAW Deal: C7 Corvette Planned for 2012

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[VIDEO] Corvettes Get Patriotic at Carlisle

by Keith Cornett on August 24, 2008

Red, White and Blue Corvettes Make Giant American Flag

Corvettes at Carlisle’s Lance Miller had a dream to make a giant flag out of Red, White and Blue Corvettes. After a year of planning, that dream came to fruition on Saturday with 117 Corvettes making up the red and white stripes and the blue field, while 50 white balloons made the stars. Video after the jump.


Source:
WHTM

Related:
Vettes and Jets on the Lex

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