The Chevrolet Corvette’s streak as being the fastest-selling new car for four straight months was broken in May with America’s Favorite Sports Car coming in at a close second to the Mercedes-Benz G-Class. The Corvette averaged 9.5 days to sell, up .3 from April while the Mercedes-Benz G-class makes its debut on the list at number 1 with 9.4 days on average to sell.
This news comes from the iSeeCars.com May survey just released today. The survey analyzed over 1.3 million new and used cars sold during month of May and found that the average new car takes 47.1 days to sell while the average used car takes 34.8 days to sell. Both new and used cars are selling faster in May than in April, when the average new car took 48.3 days to sell while the average used car was sold in 37.4 days.
The report also shows the average price for the 2021 Corvette during the May survey was $85,359, a slight decrease from April that shows the average price was $87,390.
“The Corvette C8 has been in short supply since its 2020 debut due to overwhelming demand and multiple production setbacks,” said iSeeCars Executive Analyst Karl Brauer. “Production for the Corvette idled from May 10th through May 17th and again on May 24th through the end of the month due to a parts shortage, and production of the 2021 model year is being cut short to make way for the 2022 Corvettes.”
As for the fastest-selling used vehicles in May, the Chevrolet Corvette was third on the list with an average sale time of 21.8 days while the average price is $74,773. These are improvements from April where the Corvette was third with an average sale time of 23.2 days and a 70,131 average price.
“Car buyers who are making a new or used car purchase might have difficulty finding the most in-demand vehicles, and may end up paying a premium for them in the used car marketplace amid microchip-related inventory constraints,” said Brauer. “Vehicle inventory is expected to remain tight for the remainder of the year, so consumers who are in the market for one of these fast sellers will need to act quickly when they see their desired car for sale.”
It’s our belief that the primary driver of the used car values for the Corvette are coming from the high number of those C8 owners flipping their cars for huge profits.
Source:
iSeeCars.com
Related:
The Chevrolet Corvette Was the Fastest-Selling Car During the Month of April 2021
Corvette is the Fastest-Selling New Car for the Third Consecutive Month
The Chevrolet Corvette was the Fastest-Selling New Car in February
Chevrolet’s Corvette was the Fastest-Selling Car in January
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You don’t have to be a rocket scientist to figure out why. Who is going to waste their time trying to buy a car that Mary can not build. And don’t forget how many buyers were only buying one because it is the status car to have now.
probably because they can’t get them built fast enough.
I went online and built the 2023 Corvette I’d like to buy. The process includes choosing Chevrolet Dealers who will quote you the purchase price. All 3 of the dealers had one of their online specialists call me to schedule an appointment. I called prior to each appointment and was told none of the 3 dealers had a Corvette allocation. But if I stopped in; although none of them could quote me a selling price; all 3 of the “online corvette experts” could sell me a Camaro or any other Chevy product. Not only is Bowling Green broken; so too is the entire GM pipeline!
Should have read 2022
Thanks, Barra. You choked.
GM HAS 7 VEHICLES IN THE TOP 20, WHAT’S SO BAD ABOUT THAT ?
THE CORVETTE IS NUMBER 2 SO WHAT ?
EVERY AUTO MAKER IS HAVING SUPPY CHAIN PROBLEMS
No Surprise here. If the factory can’t stay open what do you expect?
If all of the new Corvettes are sold before the build is complete, I don’t understand why it takes 9.5 days on average to sell a new Corvette. Seems to me that number should be 0. I’d think the logical start point on the “days to sell” begins at the point the car leaves the assembly line.
So what who wants a Mercedes anyway
That many people are buying G-Wagons? Are they celebrities? How is a vehicle that expensive selling so fast?
Denyce, you mean don’t want to build them? Too busy striking and taking multiple weeks of vacation instead of building an automobile that everyone wants.
AR, too many excuses not enough accountability.
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