Just before Wednesday’s news came in that GM was closing all North American manufacturing facilities through March 30th, an email was sent to Chevrolet dealers notifying them that new Sold Orders (SRE) for the 2020 Corvette will not be accepted. In the same email, dealers were told that they can begin taking orders for the 2021 Corvette in late May.
We’ve had a couple dealers reach out to us after posting the initial story so we want to clarify that this only in regards to the suspension of new sold orders and that it doesn’t prevent dealers from processing existing sold orders within allocation as the email below shows. Dealers just wrapped up orders on Tuesday for March’s 2020 allocations and they will still have the ability to fill orders for 2020s during April’s allocation period next month. In May we will see the focus on orders shift to 2021s which will begin production in September.
GM says the reason behind the suspension of orders is due to overwhelming demand for the new Corvette as well as the fact that the launch was delayed by the 6-week UAW Strike that has reduced the 2020 model year production schedule.
At this time, we have no idea how this will shake out for customers will the existing Sold Orders as Chevy ends the memo with this statement: “Further information will be forthcoming from Chevrolet regarding the handling of sold 2020 Model Year that we will be unable to accept, and the creation of a replacement 2021 Model Year sold order.”
Our Corvette Timeline has the 2021 model year production beginning the first week of September 2020 and as the memo says, GM will be opening 2021 orders a month earlier than planned with the first submissions available on May 21, 2020.
We hope there will be some clarification coming soon on how many 2020 will be built and which will be moved to 2021. However, with the coronavirus now impacting the production of the 2020s, that confirmation will not likely come until after the crisis has passed and Corvette production resumes so that Chevy gets a better idea on how many 2020s they can still produce before closing out the model year in August.
The other elephant in the room that has Corvette buyers uneasy is whether or not Chevrolet will be raising the prices of the mid-engine Corvette for the 2021 model year. It would be a nice gesture if those customers who have sold orders for 2020s will be price-protected on the 2021s, but that also remains to be seen.
As always, try to have patience with your dealers during this time as there are just so many unknowns with when 2020 Corvette production will resume and what the final quantities will be.
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