With all the uncertainty surrounding Corvette production over the last few months and with many owners not knowing if their 2020 Corvette orders will be produced, we’ve been waiting for Chevrolet to offer “guidance” to dealers on this issue. Today, dealers received an update from General Motors and it looks to be exactly what we’ve been hearing up until this point.
2020 Corvette Orders
If you have placed an order for a 2020 Corvette, and your event status is at 3000 or higher, your order for the 2020 model year will be produced. All orders at status 3000 or higher are expected to be completed by November.
If you have ordered a 2020 Corvette, and your event code is at 1100, GM will not be able to build it. Your 2020 order will need to be changed to a 2021 Corvette. Your dealer will be contacting you so they can resubmit it as a 2021. If you don’t know your Event Status, your dealer can tell you that or you can contact the Corvette Concierge.
Ordering for the 2021 Corvette models opens on July 30th so if you are a 2020 Corvette buyer with an Event Code of 1100, I would be proactively contacting your dealer to set up a time to redo the order.
General Motors is keeping the base price of the 2021 Corvette Stingray Coupes and Convertibles the same as 2020, but don’t be surprised if some of the option prices are different. And when I say different, I mean higher…
Production of the 2020 Corvette Convertibles will start on August 3rd. One thing to note is that dealers were told that Convertible production would make up 10-15% of total 2020 Corvettes produced. During the Virtual NCM Bash, the chart that was shared by the Corvette Team showed Convertibles accounted for 17% of 2020 orders.
2021 Corvette Orders
As mentioned above, ordering for the 2021 model year will open up on July 30th. No allocation numbers have yet been released to dealers, but we know it will be based on 2020 model year sales, which of course were based on a multi-year average of C7 Corvette sales. GM will be sending allocation information to dealers in two-month increments.
Production of the 2021 Corvettes will start in November once all 2020 Corvette orders have been completed.
Chevrolet will be sharing the 2021 Corvette Order Guide at the end of July and we expect to learn of any price changes for the 2021 model year between then and when ordering starts on July 30th.
The Corvette Team previously announced some of the updates for the 2021 Corvette at the Virtual NCM Bash. They include two new exterior colors, availability of MagRide without Z51, and some other options including a rumored special edition Corvette.
Other Production Updates
In our last production update, we’ve told you based on sources that the 2nd shift was expected to start the week of July 6th. We are now hearing that the assembly plant’s 1st shift will instead work overtime with 10-hour days during the week of July 6th, and then the plant will start the 2nd shift the week of July 13th. Of course, all is dependent on supplies and worker safety so we are keeping our fingers crossed!
Corvette Assembly Plant Working Overtime Ahead of July 4th Break
2020 Corvettes are Now Shipping from the Corvette Assembly Plant (Again!)
Quick Update on the Resumption of 2020 Corvette Production