I passed a Chevy dealership in North Georgia today, and instead of cars and trucks being packed in like sardines the way they usually are, all the available vehicles were neatly lined up in one row of probably 10 or 12 units.
It did make for a more beautiful display, but all that beauty doesn’t really translate into the number of sales that a dealership thrives on.
Along those lines, Cox Automotive said this week that the 2021 Corvette ran on a six-day supply throughout May, the lowest inventory level of any new car across the entire automotive industry during that time. That was down even more from the 11-day supply of Stingrays during April.
No surprise since the 2021 Corvette was the hottest selling car in America for the first four months of the year, barely dropping to second hottest in May behind the Mercedes-Benz G-class.
Everyone seems to want a new mid-engine Corvette now, and parts shortages that shut down the Bowling Green assembly plant for a couple of weeks in May didn’t help the inventory situation any.
“In order to maintain start of production for the 2022 model year Corvette Stingray in late Q3, and as a result of continued unplanned part shortages not related to the industry-wide semiconductor availability issues, General Motors has had to make an adjustment in the number of Corvette Stingrays available for the 2021 model year,” explained Assistant Manager for Chevrolet Passenger Cars, Performance and Motorsports Communications, Trevor Thompkins.
That means some customers on the 2021 waiting list will have to wait a little longer and settle for a 2022 model, though anyone with accepted ’21 orders already at event code 3000 and above will get their ’21s as expected, Thompkins said.
Chevrolet and GMC were tied for third with the lowest inventories among mainstream automotive brands. Along with the Corvette, Camaro was down to a 16 day supply while the Silverado, Tahoe, Suburban, and Traverse each was listed as having under a 20 day supply as well.
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