Thousands of C7's sitting on dealer lots - C8 Corvette Forum
 
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post #1 of 10 (permalink) Old 02-21-2019, 01:35 PM Thread Starter
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Thousands of C7's sitting on dealer lots

As many wait in anticipation of the next generation Corvette, its been discovered that there has been a huge drop off in interest with the current model. Nearly 7 months worth of vets, totalling around 9,000 units remain unsold at lots across the country. This should translate to some pretty incredible deals, especially once the C8 gets a confirmed production and delivery date. From what I've seen online some shops are already offering 10-15% right off the top. https://www.autoblog.com/2019/02/20/...months-supply/
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post #2 of 10 (permalink) Old 02-21-2019, 06:33 PM
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Once the C8 drops these will sink even more, almost to the point that sales of C7's will pick up.
Anyone that shops for automotive deals know that patience is an asset and can pay off if the C8 is a dud.
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post #3 of 10 (permalink) Old 02-24-2019, 10:52 AM
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A lot of dealers have probably been forced to continue ordering C7's to ensure that their allocations of the C8 aren't cut back at all. Until we get confirmation of powertrain options, price and a release date, most Corvette buyers will just sit on the sidelines.
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post #4 of 10 (permalink) Old 02-26-2019, 11:57 AM
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Even with that being the case if dealers aren't moving these and holding onto them for too long then it makes no financial sense.
Don't know if that end matters to GM corporate but its a vital component to knowing what people want/don't want.
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post #5 of 10 (permalink) Old 02-26-2019, 02:03 PM
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GM has done a pretty poor job keeping the C8 a secret, and its probably a big reason why the backlog continues to grow. That's no small number of old models to sell through and even with aggressive discounts and incentives that could be a difficult task.
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post #6 of 10 (permalink) Old 02-26-2019, 05:49 PM
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Quote:
Originally Posted by StingRay View Post
GM has done a pretty poor job keeping the C8 a secret, and its probably a big reason why the backlog continues to grow. That's no small number of old models to sell through and even with aggressive discounts and incentives that could be a difficult task.
I see these teasers as a way to get people to hold onto their wallets and to not spend that $100,000 on any of the other amazing options out.
In a way its marketing, the cheapest but most effective form.
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post #7 of 10 (permalink) Old 03-09-2019, 12:40 PM Thread Starter
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At least this also means that there will be some great options to choose from if Chevy doesn't deliver with the C8. Since it sounds like we may have another year of the C7, the deals are only going to get better.
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post #8 of 10 (permalink) Old 03-12-2019, 06:36 PM
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Originally Posted by Vetted View Post
At least this also means that there will be some great options to choose from if Chevy doesn't deliver with the C8. Since it sounds like we may have another year of the C7, the deals are only going to get better.
It might even be possible for them to launch some special edition of the C7, would be a shame if they didn't considering most special editions are nothing more than upfitting. Even with the bit of engineering required i'm sure they can anticipate how things will play out well in advanced. The C7 deserved it.
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post #9 of 10 (permalink) Old 03-28-2019, 01:08 PM
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Not sure that dumping money into a model that's being phased out makes sense, especially with so many unsold units. We do sometimes see some a farewell final edition on discontinued cars, but Chevy is putting a lot of eggs into the C8 basket.
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post #10 of 10 (permalink) Old 04-01-2019, 12:42 AM
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C7 is an iconic product and whatever else Chevrolet can throw at it won't come at a loss, even if it is technically on paper in terms of dollars. What matters is, the image of that Corvette generation will be closed off on an even better note.
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