Anyone who hasn’t put money down on a C8 Corvette already is likely out of luck for 2020.
The introduction of the 2020 Chevrolet Corvette is the biggest automotive news of 2019 while also being one of the biggest stories from the American industry in a long time. After years of speculation and decades of discussions within General Motors, the C8 finally introduces the mid-engine design to the legendary Chevy sports car, but it seems that many of the people hoping to get one during the first model year might be out of luck.
Before the first 2020 Corvette production unit has rolled off of the assembly line, it may be sold out for the first model year.
Corvette is Nearly Sold Out
According to the folks at Autoblog, General Motors’ design chief Michael Simcoe spoke at the recent Concours d’Elegance of America in Plymouth, Michigan and, of course, the 2020 Corvette was the hot topic. During that appearance, Simcoe stated mentioned that the number of orders already recorded were close to matching the planned production for the 2020 model year.
““I think the orders have already hit the first year of production numbers.”
Later on, Autoblog caught up with Simcoe and asked for more detail on the 2020 Corvette being sold out.
“It’s nearly sold out, Simcoe told them. “It’s so close that it’s bound to be sold out soon.”
Mind you, this discussion was had on July 28, so within the past few days, a General Motors executive believed that the C8 was nearly sold out. With the orders being accepted online, at dealerships and at events like the Concours show in Michigan, we have to imagine that the company has hit their numbers for 2020.
In other words, if you haven’t ordered a 2020 Corvette yet, you aren’t going to get one unless you pay a huge dealer markup or buy one used, also likely for a huge premium.
Production Volume Unknown
While we know that the 2020 Corvette is close to being sold out, if it isn’t already, we don’t know how many units the company plans to sell during the first model year. We do, however, know that in many of the legendary sports car’s strongest sales years, Chevy sold over 30,000 units. With the C8 marking the introduction of the first-ever mid-engine ‘Vette, we would think that General Motors would expect huge sales numbers, but we do not know for sure.
While it is possible that General Motors is planning on production in the 30,000-unit range, perhaps the company is looking to keep volume lower for the first model year. While we know that the car has been heavily tested on public roads for a long time and continues to be tested heavily today, there is always the possibility of some “bugs” being found once the cars are in the hands of owners. To prevent from a larger number of customers with problems, GM may keep production lower for 2020, just in case any unforeseen issues pop up, followed by increased production for 2021.
In any case, if you are serious about getting a 2020 Corvette and you haven’t placed your order yet, you may want to start saving, as you are going to pay well over MSRP to get one at this point.