General Motors released the quarterly sales report today and for 2nd Quarter 2020, GM is showing a 57.5% decline in sales of America’s sportscar with a total of 2,459 Corvettes sold as compared to the 5,788 Corvettes sold during the previous year. For 2020 year to date sales, a total of 6,279 Corvettes have been delivered from January 1st through June 30th, a decline of 35.5% over 2019’s sales figures.
With the Coronavirus shutdowns affecting commerce in much of the USA during the 2nd quarter, it’s no surprise to see Corvette sales were down. But given that fact, we find the numbers to be somewhat encouraging that over 2,500 new Corvettes were sold during the pandemic.
We mentioned in our last GM Sales Report that 2020 was supposed to be the year of the Corvette, and it looks like GM is pulling out all the stops to make sure the majority of orders placed for the car will be built between now through November. We don’t have a breakdown of sales based on C7 vs C8 Corvettes, but for most of the 2nd quarter, Corvette buyers turned to remaining inventories of C7 Corvettes while the C8 remained sidelined with the COVID-19 shutdowns.
As many of you know, the plant reopened on May 26th and by June, the Jack Cooper transports were once again whisking new C8s off to dealerships around the country. With production returning to normal and the addition of a second shift, we expect the 3rd Quarter sales results to skyrocket past 2019’s 3rd quarter total of 4,766.
There are still some new 2019s Corvette remaining, but we know that most of the top volume dealers are sold out. Chevrolet is offering a $3250 cash on 2019s but there is no special financing offers available.
Our Corvette Sales Archives will be updated in October 2020 with the release of GM’s official 3rd Quarter sales numbers.
Corvette Sales Monthly Archive:
|Archived Corvette Delivery Statistics|
|2020||— 3,820 —||— 2,459 —||6,279|
|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 492,489 vehicles in the second quarter of 2020, a decrease in total vehicle sales of about 34 percent compared to a year ago with demand outpacing supply in the latter half of the quarter. While the industry experienced significant declines due to the outbreak of COVID-19, full-size pickup truck sales performed exceptionally well, and overall sales showed signs of recovery, especially deliveries to retail customers.
Availability of models on dealer lots is expected to start growing now that most manufacturing assembly plants have returned to normal operating levels. U.S. pickup truck and full-size SUV plants returned to three shifts and nearly all car and crossover plants returned to the same number of shifts as pre-pandemic levels.
The majority of GM’s U.S. plants, including all truck and SUV plants, will continue to operate during the traditional two-week summer shutdown.
Additionally, the majority of GM’s increasing output will be devoted to restocking retail channels with capacity made available by lower rental volumes.
To grow inventory as rapidly as possible, GM is collaborating with logistics and trucking companies to ensure vehicles are shipping as soon as they are produced. The company is well positioned with both strong empty railcar supply and haul-away capacity to respond quickly and enable the flow of new vehicles to dealers.