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.
Corvette sales have sunk to their lowest point since the beginning of the automotive recession which started the second half of 2008. In August, GM delivered 746 Corvettes, down from 966 in July and -82% off the 4,242 Corvettes delivered in the same time period a year ago. For the calendar year (Jan-Aug) there have been 9,210 Corvettes delivered, a decline of -56.3% from 2008 sales of 21,066.
Corvette sales took a bit of dip last month as GM reported 966 deliveries in the month of July. The 966 units is the lowest since January’s 842 deliveries and was 30% lower than the 1,396 Corvettes sold in June 2009. However, based on July sales of Corvettes in 2007 and 2008, the decline is most probably due to smaller dealer inventories and consumer anticipation for the 2010 model which the factory started building last week.
Chevrolet dealers delivered 1,396 Corvettes last month according to the latest sales report from General Motors. The number is slightly off last month’s 1,643 and ends five months of consecutive growth. GM finished second quarter with 4,446 Corvettes deliveries compared to 3,052 in the first quarter. For the calendar year, sales are off 49.9% compared to last year.
Corvette Hall of Famer Myron Scott is best known as the man who named the Corvette. According to the National Corvette Museum, Myron was reading the dictionary under “C” looking for a name to call a new Chevrolet sports car when he came across Corvette, a speedy pursuit ship in the British Navy.
The news about Corvette sales just keeps getting better. For the fifth straight month, Corvette sales were stronger than the month prior. Chevrolet dealers sold 1,643 Corvettes in May, a 14% increase over April’s 1,407 deliveries. The May 2009 sales figure was also the highest since 2,318 Corvettes were sold in September of 2008.
We received good news regarding new Corvette sales via GM’s monthly sales report. GM posted 1,407 deliveries of new Corvettes last month, the highest amount since September 2008 and the fourth straight month of growth. Sales of Corvettes climbed 18.9% over March 2009′s figure of 1,183. During the month, the total inventory of Corvettes available fell 9.4% to a total of 6,416 units available nationwide.
The annual kickoff to the 500 Festival was held today at Monument Circle in downtown Indianapolis. Despite the soggy weather, a contingent of 2009 Festival Corvette convertibles made their appearance on the Circle. For the first time in five years Corvette will not be handling pace car duties.
This year the all new 2010 Chevy Camaro is sporting the cool paint job while the Festival Corvette’s graphics are bit more subtle, if you can call a Corvette with a huge Indy 500 logo on the side subtle. The Festival Corvettes are used to shuttle dignitaries and track officials around to various 500-related events and then are usually sold.
In keeping with our “glass is half full” optimism regarding monthly Corvette sales, we are happy to report that the March 2009 sales report released by GM yesterday shows the third straight month of growth for 2009 in new Corvette deliveries. In March 2009, 1,183 Corvettes were sold which was a 15% increase over February’s 1,027 deliveries and was 41% higher than the 842 Corvettes sold in January 2009.
GM released its sales figures today that show 1,027 Corvettes were delivered in February 2009. While the sales number is down 50% over February 2008′s 2,071 Corvettes delivered, the good news is that this is a 22% increase over the paltry 842 Corvettes delivered in January 2009.