This week GM released their sales totals for Third Quarter 2018. During the months of July, August, and September, the automaker says a total of 4,639 Corvettes were sold. This is a 10.5% decline from Corvettes sold during the 3rd quarter of 2017, which coincidently, was the time that the plant was closed for upgrades.
For the Calendar Year to Date, Chevrolet has sold 14,881 Corvettes and is currently 21.2% off of sales during the same time period last year.
Sales of new Corvettes appear to be slowing as the market for C7 Corvettes has matured. It doesn’t help that there is still a backlog of 2017 Corvettes still for sale and Chevy has just ended cash incentives for all model year Corvettes (more on this soon). Also, it’s around this time in a normal production schedule (AUG to JUNE) that the new model year Corvettes would have started and dealers would be busy delivering the new model-year cars. There will be no such 4th quarter bump either.
We have it on good authority that September’s sales numbers were lower than both July and August sales. It’s no doubt that September sales were impacted by Hurricane Florence which spent a week getting to the East Coast before spending another week dropping record amounts of rain on the region afterward. And finally, photos and videos of the next-generation C8 Mid-Engine Corvette running around the Nurburgring may also have some potential customers playing the waiting game for GM to reveal specific details of the car.
Here’s the GM Sales Report for Corvettes in the 3rd Quarter of 2018:
|Corvette Delivery Statistics for 3rd Quarter 2018|
|Quarter||2018||2017||% Change||Months||2018||2017||% Change|
Corvette Sales Monthly Archive:
|Archived Monthly Corvette Delivery Statistics|
|2018||1,005||1,351||2,101||— 5,758 —||— 4,639 —||14,881|
GM dealers delivered 694,638 vehicles in the third quarter of 2018 in the United States, with average transaction prices (ATPs) rising about $700 per unit year over year to a new third quarter record of $35,974.
The driving forces behind GM’s record ATPs – which are $4,000 above the industry average – include strong sales of trucks, SUVs and crossovers, and sharply lower incentive spending. During the third quarter, GM’s incentive spending was below the industry average and 2 – 6 percentage points below domestic and many Asian competitors.
Our sales results posts GM sales reports are sponsored by Kerbeck Corvette in Atlantic City, NJ. Talk to one of Kerbeck’s Corvette Specialists and get behind the wheel of your Corvette dream today. To view Kerbeck’s inventory of Corvette Stingrays, Grand Sports and Z06s, click here. Visit Kerbeck Corvette on the web at www.kerbeck.com or call Dave Salvatore at 877-537-2325.
GM Reports 5,785 Corvettes Sold During the 2nd Quarter of 2018
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