There Are 9,000 New C7 Corvettes Sitting At Dealers’ Lots – Who Wants One?

Chevrolet dealerships across the United States have an extraordinary 232-day supply of brand new C7 Corvettes on their lots – which, frankly, is quite higher than the industry norm.

Corvette Blogger reports that, as of February 2019, inventories of the C7 Corvette have swollen to 9,000 vehicles across the country. That figure comes from eInventoryNow, an online resource that allows dealership to manage their new vehicle inventories. In December 2018, there were 8,000 Corvettes waiting to be sold and Chevrolet has continued to produce more C7s than it can sell into 2019.

Sales of the C7 Corvette reached their peak in 2016, when an impressive 40,689 units were sold. Since then, however, demand has steadily declined and in January 2019, a mere 800 new Corvettes were sold.

Obviously, sales of the current Chevrolet Corvette have taken a hit with the news that the eighth-generation Corvette is just around the corner. While the C8 will probably cost more than the C7, many prospective Corvette owners are likely waiting to see what the mid-engine model is like before buying one – or, instead, opting for a discounted C7.

Corvette Blogger also speculates that Chevrolet may be stocking up on C7 Corvette inventories as the company could have plans for a plant shutdown to retool facilities for the totally different, mid-engined C8.

As we recently discovered during a five-day drive with a 2019 C7 Corvette Z51, it might be old but it’s still one of the best bang-for-your-buck sports cars on the market. If Chevrolet decides to offer the C7 with generous discounts following the arrival of the C8 Corvette, we presume it will manage to shift most, if not all, of its huge inventory soon enough.

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  • Bo Hanan

    Chevy didn’t see this coming? I thought all “last year versions” had reduced inventories to increase value for “that year” and make room for the new/redesigned version.

  • Car sales are in the dumpster due to a Global Recession governments don’t want to admit is occurring.

  • Mr. EP9

    I’ll take a Grand Sport and be on my way.

  • Honda NSX-R

    This generation has aged pretty well to me.

  • Merc1

    Why is GM so dumb as to keep cranking them out when they aren’t selling? I mean they gotta know that the buzz on the C8 is heavy that buyers are going to wait and see. That means you cut production of the C7. GM never gets this right. Never.

    M

    • baofe

      We don’t want you here. Go away, stop trolling and baiting users with your useless negativity. It’s getting real old..

      • Merc1

        If that was what I was doing, it worked huh? Nope, just asking a valid question. You must be a GM apologist. In your mind you read negativity everyone else sees the truth.

        M

    • Jerry Hightower

      GM is not dumb! They know that when some see the price of the C8 they’ll opt for the C7.

      • Merc1

        I doubt it. The spy pics show a good looking car with a stunning interior that is going to obsolete the C7 upon arrival, it will be likely worth the price increase.

        GM is certainly one of the dumbest, most poorly run companies around.

        M

        • blunt-o

          Is it because a woman, who always drove a reliable Corolla on weekends, is the CEO ?

          • Merc1

            Nope. Mary has nothing to do with GM’s history ineptness and incompetence. This has been going on since the late 70’s.

            M

          • lagunas3ca

            Precisely.

  • LJ

    I mean, if it’s free, sure… why not?

  • Blade t

    Dealers will be marking down the c7 and marking up the c8 big time…

  • Dan Facciolo

    I’m sure that more C7s will be sold than ever before, once the C8 is released.

    • Emoto

      I know you’re half kidding, but I wouldn’t turn my nose up at a heavily discounted C7. They are, by most accounts, really great cars.

  • SteersUright

    Love this car, but it was always $20k overpriced for the plasticky, hot rod that it is. Hopefully with some proper discounting a Z51 will ring in at the $50k it always should have been.

  • john1168

    I’d love to get my hands on a Z06 3LZ myself!

  • Ali

    Great hp numbers, but the rest is plain American Junk.

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