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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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Watch the Bloomington Gold Corvette Auction Live!

by Keith Cornett on June 27, 2008

Watch the Bloomington Gold Corvette Auction Live

Mecum’s Bloomington Gold Corvette Auction is being broadcasted live on the web this weekend. The auction starts at 3pm CST on Friday and 2pm CST Saturday and are expected to run well into the evening. The live feed is being carried here at CorvetteBlogger.com and can be viewed after the jump.

For a full list of Corvettes being offered at this year’s Bloomington Gold Auction, check out the Cars List at Mecum Auctions.


Source:
Mecum Collector Car Auctions

Related:
Proteam To Offer 40+ Corvettes at Bloomington Gold Auction
Corvette Auction Results: Dana Mecum’s Spring Classic
Mecum Offering Collection of Three Serial #1 C1 Corvettes at Bloomington Gold High Auction

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1966 Corvette Coupe offered by Fred and Terry Michaelis

Over 500 Corvettes are expected to be offered at this year’s Bloomington Gold Auction which gets underway this afternoon. While many collectors consign a number of Corvettes to the country’s largest Corvette-only auction, this year’s event has a special collection of 42 Corvettes that have been hand-picked from the personal collection of Fred and Terry Michaelis of Proteam Corvette fame.

Many of these Corvettes are already Bloomtington Gold certified and represent the best of the best. These low mile, high horsepower and unique-optioned Corvettes will be offered over the two day event. After the jump are some of our favorites.

1966 Corvette Coupe offered by Fred and Terry MichaelisAnyone reading this blog for any length of time knows that I’m a sucker for Black Corvettes. And honestly, what could be better than this 1966 427/425 hp Tuxedo Black Coupe? With just 27,725 miles on the odometer and a super rare unique interior color combination of a Bright Blue dash and carpet with white leather seats, this Corvette offers the buyer the complete trifecta mentioned above. Other options include the M-21 4-speed transmission, F-41 special heavy duty brakes and full documentation includeing the warranty book and Protect-O-Plate. The selling time for this midyear coupe is Saturday at 2:10 pm.

1953 Corvette #93 offered by Fred and Terry MichaelisLast year we saw a run on 1953 Corvettes with eight being sold at public auctions throughout the Country with average prices of just under $320,000. Terry and Fred are bringing one of the finest 1953 Corvettes to Bloomington this year which will give us a chance to see if the market is still hot for the first year Corvette. This 1953 is VIN #93 and is considered one of the best 1953′s in the World. Like all 1953 Corvettes, this one is Polo White with Sportsman Red interior, has the Blue Flame straight-six powerplant coupled to a Powerglide transmission. Other options include the Wonderbar radiom, E-brake warning light, windshield washers and Courtesy Lights. This 1953 is nationally known with multiple NCRS Top Flught awards and a NCRS Duntov Mark of Excellence Award in 2005. This Corvette is expected to sell at 3:00 pm on Saturday.

1959 Resto-Rod Corvette offered by Fred and Terry MichaelisWith Proteam’s reputation for high quality original Corvettes, its kinda interesting to find a resto-rod in Fred and Terry’s collection. But like all restor-rod Corvette lovers, they were probably intriqued with having a Corvette that combined with the early model classic looks with late model Chevy performance. This resto-rod was built utilizising a 1959 Corvette Convertible body on a special Paul Newman chassis that was built to hold 1994′s LT4 350 ci 300 hp engine and 6-speed transmission. Like the Grand Sports built in 1996, this Corvette has a Grand Sport Admiral Blue exterior and Black leather interior. All the comforts of late model Corvettes are built into this 1959 Corvette include air conditioning, power steering, power brakes, AM/FM stereo with CD changer and halibrand knock-off wheels. The Corvette comes with documenation of the build process and includes a matching gas powered Corvette go-cart. This resto-rod Corvette will be auctioned on Friday.

For a full list of Corvettes being offered at this year’s Bloomington Gold Auction, check out the Cars List at Mecum Auctions. Look for lots beginning with X to denote that the Corvette comes from the Fred and Terry Michaelis special collection.

We’ll have more coverage of the auction as well as results as soon as their offered.


Source:
Mecum Collector Car Auctions

Related:
Corvette Auction Results: Dana Mecum’s Spring Classic
Mecum Offering Collection of Three Serial #1 C1 Corvettes at Bloomington Gold High Auction

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Reminder: Friday is Drive Your Corvette To Work Day

by Keith Cornett on June 26, 2008

Corvettes at a Ford Dealership on Drive Your Corvette to Work Day
Just a reminder if you haven’t made plans yet. Friday, June 27th is the 8th Annual “Drive Your Corvette to Work Day” sponsored by Mid America Motorworks. Every year on the Friday closest to June 30th, the day production started on the 1953 Corvette in Flint Michigan, Corvette enthusiasts celebrate the official birthday of America’s Sports Car by driving their Corvette to work.The annual event was launched in 2001 by Mike Yager and Mid America Motorworks with the goal to get as many Corvettes on the road as possible. If you do drive your Corvette to work, take a picture and send it to clubs@mamotorworks.com. Mid America Motorworks will post the photos on their website.
“We understand why many owners consider their Corvette to be a special car and only drive it occasionally,” said Mike Yager, founder and “Chief Cheerleader” of Mid America Motorworks, the world’s leading supplier of Corvette parts and accessories. “But we think driving your Corvette to work, at least one day a year, is an excellent way to demonstrate just how popular Corvettes are. And it is a chance for Corvette owners to meet new Corvette owners
Last year, I celebrated Drive Your Corvette to Work Day by making a video of the drive into downtown Tampa to the datacenter where my websites are hosted. It was a fun experience and I would recommend to any Corvette owner to make plans to include your favorite car for tomorrow’s commute to work.


Source:
MAMotorworks.com

Related:
[Video] Celebrating Drive Your Corvette To Work Day 2007

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The 2009 Corvette Z06 in Cyber Gray Metallic

I was trolling GM’s media site and came across these new photos of the 2009 Corvette Z06. The photos show the Corvette Z06 in the instantly recognizable 57U Cyber Gray Metallic exterior, one of two new colors for 2009. I say instantly recognizable as this was one of the colors that the Corvette ZR1 was photographed in for January’s ZR1 Media Press Kits. The introduction of the Corvette ZR1 has effectively sucked the air out of the room when it comes to discussion of the Corvette Z06, but the car is still a technological marvel with its 7.0 liter 505-hp LS7 v8 power plant.

The 2009 Corvette Z06 in Cyber Gray Metallic The 2009 Corvette Z06 in Cyber Gray Metallic The 2009 Corvette Z06 in Cyber Gray Metallic
 
The 2009 Corvette Z06 in Cyber Gray Metallic The 2009 Corvette Z06 in Cyber Gray Metallic Behind the Wheel of the 2009 Corvette Z06

As we mentioned earlier this week in 2009 Corvette Pricing post, there are several upgrades and enhancements for the 2009 Corvette Z06. They include:

  • New, “spider”-design 10-spoke Z06 wheel available in four versions: Sparkle Silver, Competition Gray and chrome
  • Color-keyed door and instrument panels with red and titanium interiors
  • Power-operated pull-down hatch now standard
  • Gray stitching on Ebony base seats (previously red)
  • New door sill plates with the Z06 logo
  • Acoustic package standard on all Z06 models
  • The Z06 also receives a larger-capacity dry-sump oiling system. It upgrades to the 10.5-quart (9.9 liters) system of the new ZR1. The previous oil system held eight quarts (7.5 liters).

So how well will this color sell? Our best comparison takes us back to the C5s Medium Spiral Gray Metallic offered on 2003-04 Corvettes. Spiral Gray was the 5th most popular color in 2003 and 6th most popular in 2004. However it wasn’t offered on the Z06 which may have limited its penetration.


Source:
General Motors Related:
Photo Gallery: The 2009 Blade Silver Metallic Corvette
Official 2009 Corvette Pricing Announced
New Paint Chips Revealed for 2009 Corvette

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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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2009 Corvette ZR1

RM Auctions announced that its Sports & Classics of Monterey Auction will feature a new 2009 Corvette ZR1 to benefit the Texas non-profit relief agency GRACE. The Monterey auction will take place August 15-16 at the Portola Hotel and Spa and coincides with the Pebble Beach Concours d’Elegance. RM’s Monterey auction is one of the largest classic and exotic car auctions in the country. Last year’s Sports and Classics auction saw 190 cars sell for $46 million including 10 Corvettes that combined for just over $1 million in sales.

This will be the second time that the Corvette ZR1 has been featured at a high profile public auction with the proceeds benefiting a charity. Earlier this year, car dealer Dave Ressler paid $1 million dollars at Barrett-Jackson’s Scottsdale auction to own the first retail Corvette ZR1. Our video of that auction auction is below:

The Corvette ZR1 that will be offered at Monterey is Victory Red and is provided by RM Auctions in association with the Thompson Group at Classic Chevrolet. The GRACE charity provides the food, clothing and other assistance to people in emergency situations.

With the Corvette ZR1s hitting the open market, we doubt this auction will generate a selling price anywhere near the Barrett-Jackson auction. Still, this could be a great opportunity for a well-healed buyer to not only become one of the first Corvette ZR1 owners in the country, but do some good for the neighborhood in the process.

Auction details can be found at RM Auctions.


Source:
Inside Line

Related:
Barrett-Jackson 08: [VIDEO] 1st 2009 Corvette ZR1 Sold for $1 Million
Corvettes Bring in $2.5 Million During Monterey Auctions

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Photo Gallery: The 2009 Blade Silver Metallic Corvette

by Keith Cornett on June 19, 2008

The 2009 Corvette in Blade Silver Metallic

GM has released a batch of official photos of the 2009 Corvette in conjunction with the 2009 Corvette Pricing Schedule and we’re pleased to see its the new Blade Silver Metallic, RPO code 17U. Blade silver replaces the popular Machine Silver which graced Corvettes from 2004-2008. The differences between Blade Silver and Machine Silver are subtle, but distinct. In addition to the gallery showcasing the new color, I have put together a side by side comparison of the two silvers.

Comparision of Machine Silver vs Blade Silver 2009 Corvette in Blade Silver Metallic 2009 Corvette in Blade Silver Metallic
 
2009 Corvette in Blade Silver Metallic Behind the Wheel of the 2009 Corvette 2009 Corvette LS3 V8

Machine Silver has been one of the more popular Corvette colors usually ranking in the top half of Color production behind Black and the two Reds, so the change-over to the oh-so-similar Blade Silver Metallic shouldn’t cause any big changes in the palette for 2009.


Source:
General Motors Related:
Official 2009 Corvette Pricing Announced
New Paint Chips Revealed for 2009 Corvette

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Official 2009 Corvette Pricing Announced

by Keith Cornett on June 18, 2008

GM released the official 2009 Corvette Pricing schedules earlier this week and while most of the buzz centered around the $103,300 price tag for the Corvette ZR1, let’s not forget about the Coupe, Convertible and the Z06 models which will represent around 95% of the Corvettes sold next year.

There are now four distinct Corvette models with prices ranging from $47,895 for the base Coupe to $103,300 for the Corvette ZR1. The new 2009 schedule does show an increase in pricing over the 2008 model, but GM does give us some surprises with several enhancements to the 2009 models including a lower priced base convertible.

New for 2009:

  • The Corvette Convertible will be offered in a 1LT-Equipment Group package, lowering the MSRP for Convertibles to $52,550. Additionally, a power top is now standard on 2LT Convertible models.
  • Cyber Gray Metallic and Blade Silver Metallic are added, while Machine Silver Metallic is discontinued. This brings the Corvette’s exterior palette to nine colors.
  • Revised crossed flags emblem – The iconic Corvette crossed flags emblem is distinguished with a new, bright surround.
  • Two new custom leather-wrapped interiors – Dark Titanium and Ebony join Sienna and Linen as available selections.
  • Bluetooth capability – This option enables the Corvette to offer the convenience and safety of Bluetooth hands-free phone service.
  • Standard power hatch pull-down – This convenient feature is now standard on Corvette coupe and Z06 models.

New for the 2009 Corvette Z06:

  • New, “spider”-design 10-spoke Z06 wheel available in four versions: Sparkle Silver, Competition Gray and chrome
  • Color-keyed door and instrument panels with red and titanium interiors
  • Power-operated pull-down hatch now standard
  • Gray stitching on Ebony base seats (previously red)
  • New door sill plates with the Z06 logo
  • Acoustic package standard on all Z06 models
  • The Z06 also receives a larger-capacity dry-sump oiling system. It upgrades to the 10.5-quart (9.9 liters) system of the new ZR1. The previous oil system held eight quarts (7.5 liters).

2009 Corvette Price Schedule:

MODELS  
1YY07 Coupe $47,895.00
1YY67 Convertible $52,550.00
1YY87 Z06 $73,255.00
1YY87 ZR1 $103,300.00
Pricing Includes $850 Destination Charge  
   
   
2009 CORVETTE COUPE PACKAGES
1LT Equipment Group $0.00
2LT Equipment Group $1,545.00
3LT Preferred Equipment Group $4,555.00
4LT Premium Equipment Group $8,055.00
VPL GCA Ultimate Exterior Pkg $2,095.00
VPL GCA Ultimate Exterior Pkg w/Wheels $5,475.00
   
2009 CORVETTE CONVERTIBLE PACKAGES
1LT Equipment Group $0.00
2LT Equipment Group $3,540.00
3LT Preferred Equipment Group $6,550.00
4LT Premium Equipment Group $10,050.00
VPL GCA Ultimate Exterior Package $2,095.00
VPL GCA Ultimate Exterior Pkg w/Wheels $5,475.00
   
2009 CORVETTE Z06 PACKAGES
1LZ Equipment Group $0.00
2LZ Preferred Equipment Group $3,015.00
3LZ Premium Equipment Group $6,515.00
   
2009 CORVETTE ZR1 PACKAGES
1ZR Equipment Group $0.00
3ZR Premium Equipment Group $10,000
   
   
OPTIONS  
CC3 Transparent Roof Package $750.00
C2L Dual Roof Package $1,400.00
D30 Custom Color and Trim Combination $590.00
F55 Magnetic Selective Ride Control $1,995.00
GU2 2.73 Rear Axle Ratio $395.00
MX0 6 Speed Automatic with Paddle Shift $1,250.00
NPP Dual Mode Exhaust System $1,195.00
R8C Museum Delivery $490.00
R8E Gas Guzzler Tax (ZR1) $1,700.00
U3U AM/FM CD with Navigation $1,750.00
Z51 Performance Handling Package $1,695.00
**6 Two Tone Seats with Embroidery $695.00
   
WHEELS  
Q9V Forged Chrome Aluminum Wheels $1,850.00
QX1 Competition Gray Wheels $395.00
QG7 Polished Aluminum Wheels $1,295.00
Q8A Spider Chrome Wheels – Z06 $1,995.00
Q44 Competition Gray Wheels – Z06 $395.00
Q76 Chrome 10 Spoke Wheels – Z06 $1,995.00
QL9 Polished Aluminum Wheels – Z06 $1,495.00
Q6B Chrome Aluminum Wheels – ZR1 $2,000.00
   
PREMIUM EXTERIOR COLORS  
45U Velocity Yellow Paint $750.00
83U Atomic Orange Metallic Paint $300.00
85U Jetstream Blue Metallic Paint $750.00
89U Crystal Red Metallic Paint $750.00

There is also a new appearance package that is being offered on 2009 Corvettes that we haven’t seen before. RPO VPK and VPL are described as the Genuine Corvette Accessories (GCA) Ultimate Exterior Appearance Package. The difference between the two is that option VPL comes with wheels. I am assuming that this could be a dealer installed package but am unsure so we’ll look into this further.

Thanks goes out to Dave Salvatore of Kerbeck Corvette for sending us the 2009 Pricing Schedule. If you are interested in a new 2009 Corvette, call Dave at 1-877-537-2325. Make sure you tell him CorvetteBlogger sent you!


Sponsored by:
Kerbeck Corvette Related:
New Paint Chips Revealed for 2009 Corvette
Official 2008 Corvette Pricing Announced
Official 2007 Corvette Pricing Announced

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