General Motors released its 1st Quarter 2020 sales report yesterday and it shows that a total of 3,820 Corvettes were sold during the time period. The number is a 3.1% decline from the 3,943 corvettes sold during the same time period in 2019. As a bright spot, the quarterly figure is 329 units more than were sold during the fourth quarter of 2019.
2020 was supposed to be the year of the Corvette, and by all accounts, it still can be for the second half of the year should we be able to escape the cloud of uncertainty that has America and much of the world locked indoors due to fears of spreading the coronavirus. The first Corvettes were delivered in March before the plant shut on Friday, March 20th and so far there is no update on when the plant will reopen.
We believe that approximately 2,741 new 2020 Corvettes or so have been built so far, and the good news for those owners is that Jack Cooper Transportation is still hauling the completed 2020s to dealerships. Depending on the state you are in, your Chevy dealership may still open, although some states have deemed just the service departments as essential. The good news is that we have heard of dealers going out of there way to get the new Corvettes (which have already been invoiced) to their new owners either through off-site deliveries or via home delivery though the Chevy Cares program.
We have also seen some of the unsubstantiated rumors about Chevrolet closing out the 2020 model or production not restarting until July or August and I can tell you that as of this moment, these are simply not true. As soon as we have the latest word from Chevrolet and GM we will share it here, but try not to get sucked into some of the doom and gloom out there because GM hasn’t put out a date when they will restart production.
For those of you wanting to get a great price on a 2019 C7 Corvette, Chevrolet is offering up to 84 months of interest-free financing or you can get $2,000 in Customer Cash. Check with your Chevy dealers for details.
Our Corvette Sales Archives will be updated in June 2020 with the release of GM’s official 2nd Quarter sales numbers.
Corvette Sales Monthly Archive:
|Archived Corvette Delivery Statistics|
|2020||— 3,820 —||3,820|
|2019||— 3,943 —||— 5,788 —||— 4,766 —||— 3,491 —||17,988|
|2018||1,005||1,351||2,101||— 5,758 —||— 4,639 —||— 3,910 —||18,791|
From the official sales release:
DETROIT — General Motors (NYSE: GM) announced today that it delivered 618,335 vehicles in the first quarter of 2020, a decrease of about 7 percent compared to a year ago. The industry experienced significant declines in March due to the outbreak of COVID-19.
“In this uncertain and challenging time, GM and our strong network of dealers are here to help, offering concierge service, providing courtesy transportation to customers in need and offering home delivery where permissible,” said Kurt McNeil, U.S. vice president, Sales Operations.
In many areas with stay-at-home orders, dealer service operations are considered essential and can remain open to address crucial vehicle needs for essential service providers like first responders, healthcare workers and food supply and delivery workers.
Safety remains the company’s top priority. “Customers who need to purchase a new vehicle can use GM’s Shop. Click. Drive. program, which allows them to browse inventory, choose a vehicle, customize their payment and schedule delivery at home where available,” said McNeil.
To further assist, GM has enabled OnStar Crisis Assist services for all connected vehicle owners, as well as complimentary in-vehicle data for all Wi-Fi-equipped vehicles.
Inventory at the end of the first quarter was 668,443 units, down about 18 percent from a year ago.
For full details on how GM is responding to the rapidly changing COVID-19 crisis, visit gm.com/coronavirus.