Chevrolet is set to unveil the C8 Corvette on July 18th, which could explain why the current C7 Corvette isn’t selling as well as it was in the past. General Motors currently has a 137-day Corvette supply across the U.S., which translates to 9,055 units of the sports car at dealerships waiting to find homes. It’s worth noting that Corvette supply in January stood at 232-days.
Enthusiasts eager to buy a new Corvette are likely for the eighth-generation car, unofficially known as the mid-engine Corvette that been an on-again, off-again affair since the car’s inception in 1953.
On July 18, Chevrolet is preparing to introduce its customers to the C8 Corvette, which explains why the C7 Corvette’s sales are declining compared to the past. 9.055 of this sports vehicle, which is now in its number of days, is preparing to find its way to the dealers.
In the first quarter of 2019, Corvette sales, which fell by 11% to 3,943, managed to reach 4.457 units in the first quarter of 2018. Corvette sales are not only moving from 2018 to 2019 but have been falling for the last 5 years. If we look at the sales figures of the vehicle, 33,329 units were sold in 2015, 29,995 units in 2016, 25,079 in 2017 and 18,781 Corvette in 2018.
Before General Motors announced the release date of the Corvette C8, there were rumors that the Detroit-based carmaker would produce the C7 Corvette and the C8 at the same time, but the company announced that the production of the C7 Corvette would end this summer.