On Thursday morning, Chevrolet sent out a dealer memo with two pages dedicated to the 2023 Corvette. Unfortunately, no Z06 allocations were provided for dealers, but we did get some additional information about both Stingray and Z06 ordering, and we have the first constraints for the Z06.
For the next Stingray order cycle, GM is showing constraints on the Z51 Performance Package, FE2/FE4 Magnetic Ride Control, the 5ZZ/5ZU Carbon Flash/Body Color High Wing Spoiler, and the RIA/PEF floor liners. Also listed as a constraint are the LT2 Stingray’s RCC/RCD Red and Sterling Silver Engine Covers. Chevrolet provided no percentages for these items, so if you’re coming up for your Stingray to be ordered, don’t be surprised to hear about any of these options being on the constraint list.
Now for the Z06 information!
First, Chevrolet brought dealers up to speed with pricing announced on July 15th and ordering available through GM’s workbench order system. The memo also says that the Start of Regular Production (SORP) is scheduled for September (tentative), which is in line with the news we heard earlier this week confirming some Z06 customers with a TPW (target production week) of September 19th.
Also confirmed to dealers was the gas guzzler tax “estimated to be $2600 & $3000 with either carbon aero package equipped (T0G or T0F). Final determination will be made by the EPA and adjustments if necessary.” It appears that the GGT isn’t yet set in stone which may be why some at Chevrolet were unaware that this info would be coming out when it dropped on Monday.
Chevrolet is now giving some background on how the allocations for the Z06 will be handed out. The memo states that the allocation model is based on past C8 Corvette Stingray sales from the 2020-2022 model years, and specifically those ordered with the 3LT trim package.
We’ve seen Chevrolet do this with their high-performance cars. An example from the previous generation was that dealers had to sell two Z06s to get a ZR1 allocation. So it’s not surprising they are basing Z06 allocations off of the highly optioned Stingrays. We’ve actually heard this 3LT rumor maybe one or two weeks ago, but from what we’ve also heard, those dealers in the top 20 in overall sales are ranked nearly identical based off of 3LT sales with just a few changes. However, this will obviously have more of an impact with smaller dealers who may not have had that many 3LT sales to begin with.
So why does Chevrolet pick something like a 3LT package to base allocations off of? Most likely it’s a simple way for Chevrolet to limit allocations to dealers because the pool of Z06s will only account for an estimated 20%-30% of total 2023 model year production.
As for the Z06 constraints, again we have no percentages so we are not sure what exactly we will see when orders are matched to open allocations. Chevy is saying that the Z07 Performance Package is on constraint, as is the T0F/T0G Carbon Fiber Aero Package. Imagine being number one on your dealer’s Z06 list for all these years and then he tells you, “Sorry, no Z07 packages are available.” Not a good look at all for Chevy if they can’t get the Z06 with the Z07 ready for when production starts.
The last item on the memo deals with the “Model Year 2023 Customer Retention Initiatives” announced which you already know all about:
- My Rewards – Earn 500K loyal points if keep car for 12 months
- Future Orders – To remain eligible, retain car for 12 months
- Warranty – Original owenr transfers car within first 12 months, warranty voided
That’s the latest we have to share. We’ve already heard from a couple of dealers who believe that Z06 allocations will probably land next week with the Z06 order cycle following it a week later. That’s all still speculative, but Chevy says Z06 SORP is happening in September so I am inclined to take their word for it.
Source:
Chevrolet
Related:
Select Corvette Z06 Buyers Have Already Moved to Status 3000 and Have a September 19th TPWs
Preliminary 2023 Corvette Z06 Orders Can Now Be Submitted
Dealers Can Submit Preliminary Z06 Orders on July 28th but Actual Ordering Could Still Be Weeks Away
-
![[VIDEO] Are Corvettes Taking Over the Supercar Scene?](https://www.corvetteblogger.com/images/content/uploads/2024/04/041924_12-218x150.jpg "[VIDEO] Are Corvettes Taking Over the Supercar Scene?")
![[VIDEO] Here is Everything We Know About the 21 C8 Corvette ZR1 Prototypes Already Built](https://www.corvetteblogger.com/images/content/uploads/2024/04/041924_4-218x150.jpg "[VIDEO] Here is Everything We Know About the 21 C8 Corvette ZR1 Prototypes Already Built")
![[VIDEO] 2024 Corvette E-Ray Bullies a Nissan GTR and a Lamborghini Aventador SV](https://www.corvetteblogger.com/images/content/uploads/2024/04/041824_3-218x150.jpg "[VIDEO] 2024 Corvette E-Ray Bullies a Nissan GTR and a Lamborghini Aventador SV at the Drag Strip")
It would be nice if just a simple price guide was released to all of us who have deposits down on a car. Did i read right that the gas guzzler tax is on top of the purchase price? My 15 gas guzzler tax was part of the purchase price. If i remember correctly.
Maybe Chevrolet could focus less on flippers and warranty suspensions and more on delivering the Z06 with what will be a highly sought after Z07 package. And yes, that’s my #1 option to order when my number comes up. I’m really confused and disappointed what’s taking place…and yes, not a good look at all for GM.
These Constr8nts have been a continuous problem for the “flagship” Chevrolet, and now we are going to see even more Constr8nts for the “flagship” of the “flagship.” The real exotics are likely saying (under their collective breaths) that there is a reason the real exotics cost so much. 🤔🤦
Guess VIN001 for Ricky boy will not have the Z07 package
We’re being told that there are a “limited” number of Z07 packages and CF parts available that are currently listed as Z06 constraints. It’s unknown exactly how many, but my assumption is Mr. Hendricks and the other VIPs included in the initial release will have availability to these options if so desired. For those of us that fall outside the VIP category, it remains unclear how we’ll move forward as we’re awaiting the “complete details” on how dealerships will receive their Z06 allocations. While slightly frustrated, I’m optimistic that we’ll soon understand the actual allocation and ordering process. It’s been quite the journey…but will be worth the wait (for me). 😉
One would have thought GM would have established this “new & improved???” allocation process well before the release of the Z06.
They continue to baffle me, and others, with the entire rollout process of this exciting new Corvette model.
Nearly daily confusing, sometimes conflicting, press releases that do nothing to enlighten or give hope to Corvette lovers as to their chance of “winning the Z06 lottery”.
Hopefully, good things will come to those of us who patiently wait
Glad I stopped caring about two weeks ago when I learned GM couldn’t give two squats about their customers and priced the car as unaffordable for most middle class car enthusiasts. GM can suck it and I hope the car and GM fails miserably.
Why! Why! Why! Chevy is making the Z06 and can’t keep up with the demand of the regular C-8 corvette. Been on a list for over a year and still a light year away from ordering. I say lets get 1 problem solved before creating another.
Comments are closed.