What happens to unsold new Corvettes?
10-30-2007, 09:13 AM
#1
Guest
Posts: n/a
What happens to unsold new Corvettes?
I've always wondered what happens to those Poor Corvettes that arrive at a Dealership and sit there unsold, and continue to sit unsold well into the next model year?
E.G. 2007's that are currently at Dealers remaining unsold well into 2008.
Are they sent back to GM (to be destroyed)? Shipped all over the country hoping someone will buy them? Or do they just sit there waiting for a buyer?
E.G. 2007's that are currently at Dealers remaining unsold well into 2008.
Are they sent back to GM (to be destroyed)? Shipped all over the country hoping someone will buy them? Or do they just sit there waiting for a buyer?
10-30-2007, 09:14 AM
#2
Platinum Supporting Dealership
I've always wondered what happens to those Poor Corvettes that arrive at a Dealership and sit there unsold, and continue to sit unsold well into the next model year?
E.G. 2007's that are currently at Dealers remaining unsold well into 2008.
Are they sent back to GM (to be destroyed)? Shipped all over the country hoping someone will buy them? Or do they just sit there waiting for a buyer?
E.G. 2007's that are currently at Dealers remaining unsold well into 2008.
Are they sent back to GM (to be destroyed)? Shipped all over the country hoping someone will buy them? Or do they just sit there waiting for a buyer?
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Dave Salvatore
General Sales Manager
Ciocca Corvette - Atlantic City, NJ
America's Corvette Dealership
email - dsalvatore@cioccadealerships.com
Showroom - 609-344-2100. Ext 1022
Text - 856-535-0407
Follow Ciocca Corvette on Instagram!
Dave Salvatore
General Sales Manager
Ciocca Corvette - Atlantic City, NJ
America's Corvette Dealership
email - dsalvatore@cioccadealerships.com
Showroom - 609-344-2100. Ext 1022
Text - 856-535-0407
Follow Ciocca Corvette on Instagram!
10-30-2007, 09:32 AM
#4
Drifting
At the end of the '04 model year, I could have bought an unwanted base '04 Z06 for about 33 grand! ($10k off + $10k GM owner loyalty rebate, if I remember correctly). Sighhhhhhhhhhhhhh....
I passed to wait for the C6 but somebody stole that car.
I passed to wait for the C6 but somebody stole that car.
10-30-2007, 09:32 AM
#5
Race Director
10-30-2007, 09:44 AM
#7
Platinum Supporting Dealership
Somtimes, it's really hard to say. Last spring, they came out with incentives for 2006s. Right now, there's nothing on the 2007s.
We almost never have leftovers. In fact, we had 2 2007s going into October this year which is very rare for us. They're gone now, but we usually have them all gone by September.
We almost never have leftovers. In fact, we had 2 2007s going into October this year which is very rare for us. They're gone now, but we usually have them all gone by September.
10-30-2007, 12:04 PM
#11
Former Vendor
Member Since: Mar 2007
Location: EVS CHEVROLET -Wisconsin WI
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we lose money sell them and make you happy....
2007 COUPE HERE
$10,000 OFF!
3LT,MXO,F55,US9,QX3,C2L,2 TONE SEATS
MSRP $58,860
corvetteconti@evschevrolet.com
2007 COUPE HERE
$10,000 OFF!
3LT,MXO,F55,US9,QX3,C2L,2 TONE SEATS
MSRP $58,860
corvetteconti@evschevrolet.com
Last edited by corvetteconti @ EVS; 10-30-2007 at 12:20 PM.
10-30-2007, 12:12 PM
#12
Safety Car
I've always wondered what happens to those Poor Corvettes that arrive at a Dealership and sit there unsold, and continue to sit unsold well into the next model year?
E.G. 2007's that are currently at Dealers remaining unsold well into 2008.
Are they sent back to GM (to be destroyed)? Shipped all over the country hoping someone will buy them? Or do they just sit there waiting for a buyer?
E.G. 2007's that are currently at Dealers remaining unsold well into 2008.
Are they sent back to GM (to be destroyed)? Shipped all over the country hoping someone will buy them? Or do they just sit there waiting for a buyer?
10-30-2007, 12:15 PM
#13
Team Owner
Member Since: Feb 2005
Location: FL
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CI-7-8-9-10 Veteran
Cruise-In IX AutoX Winner
St. Jude Donor '05-'06-'07-'08-'09-'10-'11,'19,'22
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we loose money sell them and make you happy....
2007 COUPE HERE
$10,000 OFF!
3LT,MXO,F55,US9,QX3,C2L,2 TONE SEATS
MSRP $58,860
corvetteconti@evschevrolet.com
2007 COUPE HERE
$10,000 OFF!
3LT,MXO,F55,US9,QX3,C2L,2 TONE SEATS
MSRP $58,860
corvetteconti@evschevrolet.com
10-30-2007, 12:16 PM
#14
Le Mans Master
Member Since: Dec 2005
Location: North Western Connecticut
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It amazes me with the cost of floor planning any dealer would still have an 06. Do they think they are going to age like wine and become more valuable? I'd drop the price 500 bucks every week until it was gone! You are simply losing more money the longer the car sits around so just keep dropping the price until sold............
10-30-2007, 12:27 PM
#17
Drifting
Member Since: Feb 2005
Location: Clovis, Ca.
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My local dealer has had 3 07 verts on the showroom floor since July (VR, VY, and Indy Pace Car). Now they have a 2008 JSBlue and an Artic White coupe with no where to put them! I'll bet they would do some dealing on the 07's...
Gene...
Gene...
10-30-2007, 12:50 PM
#18
Le Mans Master
Member Since: Aug 1999
Location: N Carolina 08 Z51 Coupe
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No way was a new Z06 selling for 33K..
10-30-2007, 01:04 PM
#20
Le Mans Master
I tend to agree. A local dealer just recently advertised they were getting their first Z06 of the year - a 2007. No price in the ad but, knowing this dealer, they will sell it fairly quickly for $10 over MSRP. Get out in the country where demand is high and supply is low and these old cars will easily pay for the time they might have sat on a dealers lot waiting for a sucker who never showed up.