Corvette Dominates the Luxury Sport Market with 51 Percent Market Share in 1st Quarter 2021

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Corvette Dominates Luxury Sport Market with 51 Percent Market Share in 1st Quarter 2021


That “gamble” General Motors supposedly took in changing the eighth-generation Corvette to a mid-engine format is looking more and more like a “sure thing” with each passing day.

In fact, according to sales figures released recently, the new Corvette is dominating its market segment, racking up a whopping 51 percent share during the first quarter of 2021, up from 43 percent a year earlier.

Furthermore, during Q1 2021, the new Stingray outsold all its competitors – combined! That includes the Porsche 911, Porsche 718, Mercedes-AMG GT, Mercedes-Benz SL, Mercedes-Benz SLC, Audi R8, Nissan GT-R, Ford GT, Acura NSX, and BMW i8.

Numbers-wise, Corvette deliveries in the United States totaled 6,611 units in the first three months of 2021, an increase of about 73 percent compared to the 3,820 units during the same period of 2020. Another 281 units were delivered in Canada, with seven more in Mexico.

The latest sales figures have to be welcome news for Chevrolet, which has struggled to produce enough Stingrays for the rampant demand, due in large part to a UAW strike and factory shutdowns caused by the pandemic.

The domination is likely to continue for Corvette, too, as more powerful variants like the Z06, E-Ray, and Zora are expected to hit the market in the coming years.


Source:
GM Authority

Related:
GM Delivers 6,611 Corvettes During First Quarter of 2021
The Top 100 Corvette Dealers of 2020
The 2021 Corvette’s Average Transaction Price was $86,185 in February

 



2 COMMENTS

  1. Although the C8 Corvette is eye candy for any sports car enthusiast, the production figures are no more than a dismal effort in production. The 51% market share is smoking mirrored, these figures represent the American market of drop-dead corvette enthusiasm. Worldwide sales are nothing to be proud of. If, and when sakes do climb in the eastern world, one will see China take over the corvette production. Then, and maybe then one will see a better quality Corvette.

  2. Unless you actually own a C8 Corvette your comments regarding quality are totally meaningless. I do own one, over a year now, and it is perhaps the finest vehicle I have ever owned including 2 BMWs, 3 Porsches and a Ferrari.

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