Scooby Guru
Member#: 73805
Join Date: Nov 2004
Vehicle:24 TypeS ZO6 White
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If you were hoping to get a C8 on its maiden year, you're basically out of luck.
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2020 Chevrolet Corvette C8 Orders Closed After Overwhelming Demand
Miranda Pederson for General Motors-© 2020 Miranda Pederson and General Motors. This image is protected by copyright but provided for editorial and social media use. The use of this image for advertising, marketing, or any other commercial purposes is prohibited.
The C8 Corvette is a hit-there's no debating that. Since its launch, Chevrolet has been inundated with insatiable demand for the mid-engine sports car, but when coupled with the automaker's limited supply and delayed production schedule, the recipe for a seamless launch is plagued with holes. Now, GM is suspending orders for the 2020 C8 Corvette.
News broke via a leaked email on Corvette Forum which states that dealers would no longer create orders for model year 2020 Corvettes, effective immediately.
The email went on to cite the six-week work stoppage which occurred when 55,000 United Auto Worker union members went on strike last year, effectively preventing the planned production from starting on time. This caused a backlog in manufacturing that is finally coming to a head, and, according to GM, may affect existing allocation fulfillment of the 2020 Corvette.
The email was later corroborated by GM:
"Due to an overwhelming demand for the 2020 Chevrolet Corvette Stingray, Chevrolet has decided to stop taking sold orders after March 18, 2020," a GM spokesperson told Business Insider. "Chevrolet dealers will begin taking orders for the 2021 Corvette in late May."
It's important to note that despite the email coming on the same day that GM announced its temporary shutdown, the two events do not coincide with each other. GM denies that its upcoming work stoppage plays a role in the production and delivery delay of the 2020 C8.
Those with C8s on order aren't taking the news lightly. Many members on Corvette Forum began comparing order numbers to figure out where they stood in line, while some worried that their vehicle would be less valuable down the road should their order get pushed to a 2021 model, as indicated in the last paragraph of the email.
For dealers, this can amount to a huge disturbance. Unlike your basic commuter car, the Corvette requires a rigorous certification process for prospective dealers to even be allowed to sell it on their lots. That means staffing a Corvette Sales Specialist, purchasing special tools to service the C8, and attending both online and in-person training at Spring Mountain Corvette Spring Driving School. It's quite an investment, and carries the potential to be burdening if a brand new dealer has their allocation revoked for 2020 model-year cars.
One thing we can expect is for existing C8 Corvette prices to temporarily skyrocket. Given that the platform's already limited availability has been slashed and its base price is likely to increase in subsequent years, we may see some price wars in the coming months as deliveries continue.
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GM suspends all new orders for 2020 Chevrolet Corvette
Orders for 2021 Vettes will open early
neral Motors is shutting down all new orders for the 2020 Chevrolet Corvette, effective immediately, citing heavy demand and limited supply following the production shutdown caused by the United Auto Workers strike last fall. The news was revealed through a leaked e-mail sent to dealers on the Corvette Forum.
"Due to an overwhelming demand for the 2020 Chevrolet Corvette Stingray, Chevrolet has decided to stop taking sold orders after March 18, 2020," Chevy confirmed in a statement. "Chevrolet dealers will begin taking orders for the 2021 Corvette in late May."
The shutdown would not interfere with dealers' ability to process existing orders within their allocation, nor to create and process a normal stock order. It added that GM would open up orders for the 2021 Corvette on May 21, a month earlier than planned.
"Regretfully, launch timing was delayed by the six-week work stoppage that reduced the 2020 Model Year production schedule," GM said in the email. "Therefore, it is possible some of your 2020 orders, sold or stock may not be produced as planned."
It went on to explain that, "Further information will be forthcoming from Chevrolet regarding the handling of sold 2020 Model Year that we will be unable to accept, and the creation of a replacement 2021 Model Year sold order."
The move comes as the all-new mid-engine sports car finally begins arriving at dealerships at prices generally much higher than the promised sub-$60,000 base trim level, a trend first spotted by CarsDirect. Taken together with the e-mail announcement, it suggests buyers are unlikely to find a base trim Corvette at the promised $59,995 starting price for the 2020 model year. Then again, given our experience with the car and the buying tendencies of early adopters, there probably wouldn't be much demand for one any way.
Production of the 2021 models was planned to start Sept. 1 at GM's Bowling Green Assembly plant in Kentucky.
On Autotrader, the cheapest C8 Corvette found was an Arctic White 2LT listed for $64,726 by a Chevy dealer in Coconut Creek, Fla. Meanwhile top asking price found was $129,899 for a black Stingray 3LT with the Z51 performance package and 78 miles on the odometer from a dealer in Noblesville, Ind., a suburb of Indianapolis.
Things are no better on eBay, where a quick check turned up a pre-owned 2LT version with 500 miles on it with bidding at $79,600 on the low end, which doesn't yet meet the seller's reserve, to a Mitsubishi dealer asking $135,000 for a 3LT on the opposite end.
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https://www.autoblog.com/2020/03/18/...orders-halted/
Also wanted to add this article about base model
Heart Broken: Base Model Corvettes Are "Virtually Non-Existent" At Dealerships
https://jalopnik.com/the-59-995-c8-c...-at-1842394471
The $59,995 C8 Corvettes Are 'Virtually Non-Existent' At Dealers: Report
Last edited by AVANTI R5; 03-21-2020 at 07:13 AM.
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