Get out of the way, C8 Corvettes coming through!
If you’re out shopping for a new car, you might want to use caution around Chevy dealerships because, for the second month in a row, 2021 Stingrays are rolling out of the showrooms faster than any other vehicle in America.
That’s the word from iSeeCars.com.
Analyzing more than 1.2 million new and used cars sold in February 2021, iSeeCars.com found the average new car takes 48.9 days to sell and the average used car takes 42 days to sell.
Not so with the hot new Corvette.
In January 2021, the Stingray took an average of 10 days to sell once it arrived at the dealer. In February, that number climbed to 13.1 days – but still more than enough to hold onto its title ahead of a couple of Lexuses – the IS 350 at 14.5 days and the RX 450H at 15.2 days.
“The new mid-engined Corvette is the fastest-selling new car for the second consecutive month,” says iSeeCars.com Executive Analyst Karl Brauer. “The Corvette C8 was already in short supply due to earlier production delays and interruptions, and production was shut down yet again for the first two weeks of February due to a parts supply issue.”
Impressively, the average price of a new Corvette – forget about that $60,995 base price – was a whopping $86,581.
But the Corvette wasn’t popular just with new car buyers. In February, used Corvettes ranked fifth in the iSeeCars.com study, lasting an average of just 29.7 days on the lot with an average price of $67,333 – good news for C7 owners who might have expected to take a hit with the introduction of the new C8. Apparently, that’s not the case so far anyway.
More good news for GM – the redesigned 2021 Cadillac Escalade ranked fourth on the list at 16.6 days to sell at an average price of nearly $100,000.
“Cadillac has struggled in recent years, but the popularity of the Escalade and Escalade ESV, particularly in the higher trims, has put Cadillac back in contention with foreign luxury brands like Mercedes and BMW,” Brauer says.
STUDY: Chevrolet’s Corvette was the Fastest-Selling Car in January
REPORT: 2021 Corvette Offers the Best Resale Value for Sports Cars
STUDY: Corvette Ranks 5th in Sports Cars in 5-Year Depreciation