Good news regarding Corvette sales! GM reports that 1,585 Corvettes were sold in the month of September which was an increase of 88% from August 2009′s 746 sales. We attribute both the end of the automotive buying frenzy created by the Cash for Clunkers program and the availability of the 2010 Corvette as major contributors to the sales increase.
There’s no doubt the Cash For Clunkers program was successful for both buyers and dealers during the month and half the program was open. And I’m sure you all remember the video of the black C4 Corvette getting the sodium silicate treatment and dying a slow death. Now thanks to the final reporting going on, we learn that nearly 250 Corvettes – all C4′s – met a similar fate.
During the program’s run, 690,114 total vehicles were turned in. Digging through the list provided by Jalopnik we learned that 243 Corvettes were sacrificed for the $4,000 clunker bounty. While Corvettes only accounted for 0.03% of all clunker trade ins, what’s interesting is 100% of the Corvettes traded in were all C4s.
So we took a look at our Corvette Price Guide to see if the value of a C4 Corvette was more or less than the $4,000 trade-in value offered by the Government. Our values assume that the Corvette were in running condition and we selected the lowest value recorded for that model year as the comparison.
|Model Year||# of Clunkers||Low Value|
Many of the cars (Corvettes included) were probably in bad shape when traded. Lord knows we have seen our share of ragged out Corvettes. From the comments on the youtube video of the C4 Corvette that was destroyed, we read the car had a bad transmission, trashed interior, bad tires and a broken top so the cost to fix these items would have exceeded the Corvette’s value.
Knowing that these Corvettes will simply be crushed and discard as opposed to being parted out and recycled is the biggest shame of the Clunkers program.
CorvetteBlogger spoke with Corvette Racing driver Johnny O’Connell prior to qualifying for the 2009 Petit Le Mans at Road Atlanta. Johnny talks about the new GT2 Corvette, staying in shape as a driver and his annual celebrity auction.
Action movie hero Bruce Willis is taking three cars to Las Vegas next weekend where they will be sold at no reserve at the Barrett-Jackson collector car auction at Mandalay Bay. Included in the collection is a 1967 Corvette Convertible equipped with a 427/435 Tri-Power L71 V8.
The Corvette was purchased by Bruce in El Paso, Texas during the filming of the 1996 movie “Last Man Standing”. Following the production, he shipped the corvette to Sun Valley, Idaho where it served as his summer driver.
The Corvette has seen some customization as celebrities are wont to do with their rides. This 67 midyear was repainted in the original Marlboro Maroon color by Performance Paint in Torrance, Ca. Polished Cragar S/S wheels, Michelin blackwall tires and an Alpine 5-CD changer in the glove box complete with infrared remote round out the options.
The Corvette last saw the auction block in October 2008 where it was offered by Bonhams at the California Classic auction held at the Petersen Automotive Museum. While the estimate on the Sting Ray was $110,000-$150,000, the car failed to meet the reserve and went unsold. The high bid for the Corvette was undisclosed.
In addition to the ’67 Corvette, Willis is also offering a black 1968 Pontiac Firebird and a dark blue 1988 Lincoln Limousine that was used during the filming of his breakout movie, “Die Hard”.
“Bruce Willis has owned some great American iron,” said Barrett-Jackson Chairman/CEO, Craig Jackson. “Cars like his 1967 Corvette and ’68 Firebird helped define an era of motoring in this country that was built around power. The Lincoln Limo also tells a story as it was used during Bruce’s most iconic film.”
“These cars are special in that they correspond with important moments in Bruce’s life, both personally and professionally,” added Steve Davis, president of Barrett-Jackson. “Like most collectors today, Bruce enjoys his cars. I imagine he has his eye on one or more street-ready muscle cars to replace the three vehicles he’s selling at Barrett-Jackson.”
The Corvette is scheduled to be sold on Saturday, October 10th. The Barrett-Jackson Collector Car Auction will be televised by SPEED TV.
We spent a few minutes with Corvette Racing’s Program Manager Doug Fehan last Friday prior to the GT2 qualifying session. Doug talks about the 10-hour/1,000-mile Petit Le Mans, the direct injection controversy and the partnership with Michelin tires.
We’re sitting high and dry in the media center at Road Atlanta as the 12th annual Petit Le Mans gets underway. Follow this post today as we watch Corvette Racing’s GT2 C6.Rs battle in the highly competitive GT2 Class.
The heavy rains that everyone was concerned about came at 4 hours and 50 minutes into the race. The course was red flagged and the cars were ordered per their position. With no let-up, the race was called at 8:44 on the race clock. The #4 Corvette was in 4th place behind the class winning #62 Ferrari while the #3 Corvette finished 7th.
At the start of the race, the #4 Corvette moved up into the second starting position as LG Motorsport’s #28 Corvette was forced to start from the pits. Following the green flag, it took Johnny O’Connell just three laps to leapfrog the top 5 positions to settle into first. Oliver Gavin passed the #40 Ford GT 40 and quickly settled into second place.
The morning prior to the start of the race was very wet with standing water on the track and Georgia’s famous red clay mud just about everywhere you step. Although the rain has abated, a light mist continues to fall.
Corvette Racing: Qualifying at Petit Le Mans
Corvette Racing: Night Practice at Petit Le Mans
Corvette Racing: Ferrari and Porsche Complain to ACO
[VIDEO] Corvette Racing: GT2 Corvette C6.R Scores First Victory at Mosport
The factory Corvettes did fairly well in their qualifying runs this afternoon and placed third and seventh for tomorrow’s starting grid, despite having to remove the direct injection system following complaints from Porsche and Ferrari. However, the day clearly belongs to Lou Gigliotti and his LG Motorsports/Riley GT2 Corvette as they qualified second in class – in front of the two factory Corvette – with a time of 1:20.877.
The return of the #28 GT2 Corvette is significant as Lou’s team had to totally rebuild the race car following the devastating fire at Long Beach earlier this year. It’s no secret about how Lou feels about the factory racing team and after the team’s 2nd place qualifying, Lou was heard to say “We can stretch a nickel into a quarter and we don’t need any bailout money”.
As for the factory Corvette racers, Olivier Beretta and the #4 Corvette earned a third place start on the grid with a time of 1:20.912 and Johnny O’Connell and the #3 Corvette finished in seventh with a time of 1:21.491.
Speaking with Doug Fehan earlier this morning, I can tell you that while Corvette Racing complied with the request to remove the Direct Injection system, it doesn’t mean they were happy doing it. So perhaps revenge is a dish served best cold as Corvette Racing’s third place time was better than Porsche and Ferrari. Fehan said the engine team worked hard to complete the ACO’s request to remove DI and revert to tune port injection and that the didn’t even have time for a dyno test.
The real test will come on Saturday for both the factory Corvettes and LG Motosports. Not only will both teams face the competition on the track, but with an 80% chance of rain in the forecast, the Corvettes may be battling Mother Nature as well.
Petit Le Mans at Road Atlanta is scheduled to start at 11:15 a.m. EDT on Saturday. The race will conclude when the overall leader completes 1,000 miles or 10 hours, whichever comes first. SPEED will broadcast live flag-to-flag coverage starting at 11 a.m. EDT.
Thanks to the folks at Chevy Racing, we had the unique opportunity to take a hot lap around Road Atlanta where Petit Le Mans will run on Saturday. The course is 2.54 miles and features 12 turns. My ride was silver 2010 Corvette Grand Sport Coupe and my driver Jason put the car through its paces. On the monsterous backstretch our speed exceed 130 mph and those big Z06 brakes safely brought us to a near stand still for the bend at Turn 10.
Chevrolet designed the Grand Sport with track events in mind and I can tell you first hand they hit a home run with this car!