This morning, we began hearing from multiple sources that another round of Corvette Z06 allocations may be sent to dealers later this month. That appears to be confirmed by a screenshot showing that Chevrolet will have two order cycles in November, with the first covering the Stingray and the second specifically for the Z06.
Chevy opened the order books for the Z06 on July 27 for preliminary orders with the first round of allocations sent to dealers on August 18th. Two weeks later, it was announced that Chevy would not allocate or accept any more Z06 orders through the end of 2022. The word from Chevrolet’s Steve Carlisle was that so much is riding on this car that they wanted to build fewer units and “get the car right.”
The “problem” that we saw with that strategy is that if the next Z06 order cycle would happen in mid to late January, we would be looking at possibly March before those orders would start production. With Chevrolet offering another Z06 order cycle later this month, perhaps those cars can be scheduled for production at the beginning of the year. Of course, that’s assuming that the metered ramp-up is successful and Chevy is able to complete most of those first-round orders by the end of 2022.
This is great news for the Z06 and let’s hope everything goes smoothly with the release of those allocations later this month.
The screenshot of the dealer memo also shows a Black Z06 70th Anniversary Edition on the Corvette assembly line. It’s the first time we’ve seen the much-anticipated photo of the first customer-ordered Z06 that we’ve been begging Chevy to release.
The assembly plant has been building about two Z06s per day and as of today, we have 49 Z06s produced since they first started in September. We are hearing that the rate may soon be increased, and that seems to be confirmed by the news that some Z06s produced have been released from the Quality Control hold and are shipping this week as well.
Related:
BREAKING: GM to Halt New 2023 Corvette Z06 Orders Through the End of 2022
Chevrolet Fumbles Z06 Allocations, Reissues New Numbers to Dealers
Preliminary 2023 Corvette Z06 Orders Can Now Be Submitted
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Two Z06’s per day means many of us will not see our Vettes for 3 or 4 years. Especially if slots opened by orders being cancelled by individuals are taken by Chevrolet dealers for their showroom stock !
This whole allocation silliness as an outgrowth of artificial production scarcity is asinine. Corvette was never intended as a bespoke limited production exotic. In years past, anyone could walk into a Chevrolet dealer and order a base Corvette, a Z06, a Grand Sport, or a ZR1 and Bowling Green would build it. One of my foremost concerns, as the layout shifted to mid-engine, was that General Motors would begin approaching Corvette as a rarified supercar with exorbitant prices for basic maintenance and availability only to a shadowclass of elites. Unfortunately, it seems to be coming true.
If they are going to start Z06 production in Jan, they will have to send out Allocations shortly. We know it’s about 60 to 90 days from 2000 to build.
SUPPLY CHAIN PART SHORTAGES ARE REAL AND HAPPENING TO MANY CAR COMPANIES, NOT
JUST THE CORVETTE BRAND.
THEY HAVE LOST BILLIONS OF DOLLARS IN SALES.
GM DID NOT HIRE AND TRAIN A SECOND SHIFT AT THE CORVETTE FACTORY TO SELL LESS CARS.
GM DID NOT CREATE A RIGHT HAND DRIVE VERSON OF THE CORVETTE TO SELL LESS CARS IN UK, HONG KONG, AUSTRAILIA, ETC.
For those new to automobile manufacturing, raw materials don’t just feed into one end of the manufacturing plant with completed cars rolling out the other end. GM is dependent on part and sub-assembly suppliers. Some of the suppliers are struggling. Some suppliers have completely gone out of business thanks to Bidenomics. So that leaves GM scrambling looking for other vendors – trying to get the same deals. We’re lucky that we haven’t seen a price increase. Commentary by AR is 100% correct. GM has to invest $50M to $100M to design, test and federally emission certify a clean sheet engine. GM would like to get their investment in the Z06 back by selling cars. They want to sell cars – – worse than you may want one.
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