Since we are close to the end of the month while also in the middle of a Corvette order cycle, I thought I would provide a quick Corvette production update for March 2024.
Last week, dealers received another round of allocation numbers for the Stingray and Z06 and we were expecting to see the constraint reports today in advance of the order banks opening. But as GM have done previously around holidays, the order cycle will be delayed one week as tomorrow is Good Friday and some others may have Monday off in observance of Easter Monday. We are now expecting the ordering for last week’s allocations to begin on Thursday, April 4th with the latest constraints coming that morning as well.
Taking a look at the VIN counts throaugh Wednesday thanks to Roger Kiel’s unofficial production tracker on Facebook, we are seeing the total 2024 Model Year production standing at 23,006 combined units.
Looking at the Stingrays, we really could use some help here from the E-Rays to start to cut in the car’s production totals. The dealership lists for Stingray are mostly exhausted, and we’ve been hearing that some smaller dealers are now rejecting additional allocations. Meanwhile, dealer stock inventory at the larger dealerships is increasing and discounts are now becoming the norm. We started the month with VIN 15,126 and yesterday we ended at 17,888 for a total of 2,762 Stingrays produced so far in the month with just Thursday’s production still to count. I do believe that the Assembly Plant will be closed tomorrow for Good Friday.
For Z06, we started the month at VIN 4,112 and yesterday we hit 4,906 for a total of 794 so far for March. We’ll hit the 5,000th unit milestone for the model year probably early next week depending on the totals.
And finally, the E-Ray is still in the ramp up phase, which frankly I’m very much bored with and I think many others are as well. However, a friend of ours had a conversation with a high-level GM’mer about the E-Ray recently and he says everything is still on track, and that there is a method to that madness, which again I find maddening, but we’ll give them the benefit of the doubt. For the month, we started at VIN 134 and yesterday’s report shows five E-Rays built for a total of 212. That’s only 78 built for the month, and like I said, we really want to see this in-demand car to start cutting into the Stingray’s production totals.
We’ve been wondering when any additional E-Ray allocations are going to come, and I read an interesting analysis of the E-Ray’s first allocations over on the MidEngine Corvette Forum. Based on big three dealer’s E-Ray allocations (MacMulkin, Ciocca, and Criswell) representing around 9% or so of those first allocations, and MacMulkin saying that they’ve received 24 so far, its estimated that the first round of E-Ray allocations probably totaled around 450 units. As Chevrolet has built just over 200 of them so far, that still leaves another 250 previously allocated cars to be completed.
That’s all I’ve got for now! Have a great weekend, Corvette Nation!
Source:
Roger Kiel / Facebook
Related:
Allocations Sent Today to Corvette Dealers for March 2024’s Order Cycle II
These are the Constraints for the Current March 2024 Corvette Order Cycle
March 2024 Corvette Allocations Sent to Dealers
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The real joke is the number of Z06’s with the 07 performance package produced ! Will I wait another 2 years,
“Bob” hasn’t popped in yet to say he doesn’t like the E-Ray? I’m shocked!
Ok My Theory is this.
The Covid BS screwed the whole world up and we are still dealing with it. I want my Z06 but with 2-3 yrs wait and having to give them $5k to hold when It can be making me $ is infuriating.
With that said, opinions are like armpits, everyone has them and they all stink. Mine is that they should’ve never released the E-ray with the supply chain issues and the Z06 orders so far behind. From my limited manufacturing knowledge of the C8 but from what I have learned from SavageGeese. They right on time build ethos has created a really big issue. With all the parts constraints and their manufacturers not being able to produce the items needed is a logistical NIGHTMARE!
I wonder if the issues with the CCP-controlled ports in the USA and Panama Canal have anything to do with the low numbers of Z’s and E-rays? Looking at both macro and micro levels help us to understand. However, I still think that they need to keep the volume up for the Z, slow/stop the Stingray except for only custom orders (No Lot cars as we have a huge surplus) and delay the ZR1 and Zora a yr or two to catch up on the Z & E waitlists.
That just a theory, A Corvette Manufacturing Theory Thanks for reading (Go watch MatPats last video on his retirement from the Theorist Channels Please, he is awesome and an amazing thinker which he explained how Game Theory can be used in real life for predictive programming and logistics)
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