Corvette Gains 16 Percent Market Share to Lead the Premium Sports Car Segment

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Corvette Gains 16 Percent Market Share to Lead the Premium Sports Car Segment

Photo Credit: CorvetteFurman.com


With the release of the 1st Quarter 2022 sales figures from GM, we can now take a closer look at how they compare with the competition in the Premium Sports Car segment.

Chevrolet sales for the 1st quarter 2022 increased 33.3% to 8,811 units over the same time period in 2021. What’s really impressive is that the Chevrolet sold 4,000 more Corvettes than all the other competitors in the segment combined! Chevrolet now has a 68% share of the Premium Sports Car Sales which was an increase of 5% over the 63% market share the Corvette had at the end of 2021 and it’s up a whopping 16% year over year!

Porsche’s 911 was second in the segment with sales of 2,123 for the quarter while sales of the 4th place Porsche 718 came in with a 6% market share and 782 cars delivered. Combining both models for Porsche results in the German automaker holding a 23% market share with 2,905 total sales. In third place was the Mercedes Benz AMG GT with 942 cars delivered during the time period. Sales of the AMG GT are down 22.3% over last year. The Audi R8 rounds out the top five with a 1% market share on 68 cars sold during the quarter. Sales year over year of the R8 are down 54%.

Premium Sports Car Segment Sales for 1st Quarter 2022:

MODELQ1 22 / Q1 21Q1 22Q1 21Q1 22 SHAREQ1 21 SHARE
CHEVROLET CORVETTE+33.28%8,8116,61168%52%
PORSCHE 911-23.69%2,1232,78217%22%
MERCEDES-BENZ AMG GT-22.28%9421,212 7%10%
PORSCHE 718-48.07%7821,5066%12%
AUDI R8-54.04%68148 1%1%
NISSAN GT-R0.00%50500%0%
ACURA NSX+318.18%46110%0%
FORD GT+9.09%36330%0%
BMW I8-50.19%480%0%
MERCEDES-BENZ SL-CLASS-99.35% 23110%0%
TOTAL+1.52% 12,86412,672


Source:
GM Authority

Related:
Corvette Sales Dominated the Competition During 2021
Corvette Sales Dominate the Competition During 3rd Quarter 2021
The Top 100 Corvette Dealers of 2021

 



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3 COMMENTS

  1. Just curious – where do Ferrari and Lamborghini fit in the sports car market and how do they compare regarding sales?

  2. Ferrari and Lamborghini having more exclusive models, their numbers are always going to be lower. We’re talking about the premium sports cars category, not rare exotics.

  3. Sorry, I don’t consider a Ferrari to be a rare exotic. It’s just an expensive low production sports car. There are more of them on the road than the bottom 5 cars on the list in the article.

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