2014 Chevrolet Corvette Stingray Virtually Sold Out
- GM has a six-day supply of the 2014 Chevrolet Corvette Stingray, Edmunds learned on Monday, meaning that the car is virtually sold out at this point.
- "Right now we have a six-day supply," said Monte Doran, a Chevrolet spokesman. "There are no cars in dealer showrooms. The cars are getting sold the minute they arrive."
- GM's Bowling Green Assembly Plant is cranking out 17 Corvette Stingrays an hour.
DETROIT — GM has a six-day supply of the 2014 Chevrolet Corvette Stingray, Edmunds learned on Monday, meaning that the car is virtually sold out at this point.
"Right now we have a six-day supply," said Monte Doran, a Chevrolet spokesman, in a phone conversation. "There are no cars in dealer showrooms. The cars are getting sold the minute they arrive."
A six-day supply of cars is virtually unheard of in an industry that pegs the ideal supply of vehicles at around 60 days. But Doran stopped short of saying Corvette is sold out. "It's premature to call it a sell out," he said. "It's also too early to say it's in short supply. We've been shipping for a short time. We've just started opening the floodgates at the plant. You won't be able to walk down to your local Chevy dealership and buy one today. But we're not ready to say there's a massive shortage of cars."
GM's Bowling Green Assembly Plant is cranking out 17 Corvette Stingrays an hour in one shift, building approximately 160 units a day. GM delivered 495 Corvette Stingrays from September 18-30.
Bowling Green is the only plant that builds the Corvette Stingray. When asked about the possibility of adding a second shift, Doran said: "We never say we're not going to do something. Right now, the plant is running at capacity. We're producing cars as quickly as we can."
It's not clear just how long of a waiting list there is for the redesigned Corvette Stingray. GM does not maintain a central waiting list and Doran said each dealer handles the allocation of the car differently. Some may pre-sell the car, while others don't, for example.
Doran could not confirm reports that the Corvette Stingray is selling for well over sticker price in some markets and could not confirm the average selling price for the car.
"There are people willing to pay more to have the first cars," he said. "Once those people get their cars, I think you'll start to see things evening out."
Automotive News notes that the Bowling Green plant is ramping up the convertible model, which will add complexity to the manufacturing process and potentially "slow production."
Edmunds says: If you haven't made arrangements well in advance to purchase the 2014 Chevrolet Corvette Stingray, it's going to be a challenge getting one.