We weren’t really sure if GM would be following their recent pattern of offering two Corvette order cycles per month, but they did come through again for customers. Several dealers we reached out to received allocations this morning with a combination of Stingrays and Z06s, but once again no E-Rays were on the menu.
Not all dealers received allocations today, and some of the ones that did receive allocations told us they got just Stingrays while a major dealer told us they only got numbers for Z06s.
As per the usual drill, dealers will be able to match those allocations to any customer orders and those can be submitted started next Thursday, March 28th. That’s when we’ll also receive the next round of constraints against these orders.
We’re hearing from more and more dealers that they have no more lists of customers for their Stingray allocations. Many are ordering dealer stock while some smaller dealers we have heard are actually refusing new allocations as they still have unsold cars from previous order cycles. As we keep saying, now is the best time to purchase a 2024 Corvette Stingray.
We remain surprised that we still haven’t had any more meaningful E-Ray allocations sent out since last year, but then the Assembly Plant has only built just under 200 cars or so according to Roger Kiel’s unofficial production numbers. So the ramp up is still in effect, but I’ve also seen that so far for March, there has only been one production day where they didn’t build any E-Rays. Hang in there E-Ray buyers, I feel like we are getting closer to seeing some of the shackles lifted off and the car produced in more meaningful quantities.
We’ll share any other news as it arrives, and next week we’ll have the latest constraints for this order cycle. We think we may see a smaller than usual constraint report as well. A GM’mer reached out to our friends at the MidEngineCorvetteForum to say that all carbon fiber parts and accessories are now available. I remain skeptical as usual, but we’ll what happens next Thursday.
Source:
Chevrolet
Related:
These are the Constraints for the Current March 2024 Corvette Order Cycle
March 2024 Corvette Allocations Sent to Dealers
Constraints for February 2024 Cycle 2 Ordering
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Would be better if Chevrolet switched the production cycle to more Z06 and E-Ray models instead of producing Stingrays in volume. The backlog for Stingrays is over and the over-production is only driving down the new & used prices for these models. The wide body models have a backlog currently of several years and the dealers will still get MSRP instead of discounting them. Not a bad run for the Stingray – 5 years at full price!
I believe that the Z06 is limited by how many hand built engines are available. Last I heard they can only build around 56 per day.
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