Ever since news spread about the eighth-generation mid-engine Chevrolet Corvette C8’s arrival, demand for the current Corvette C7 has dried up. The C7 is still in production at GM’s Kentucky facility, yet there are thousands of the cars sitting on dealer lots with no takers.
There is no confirmation or even an inkling from Chevrolet regarding the time of Corvette C8’s arrival, yet people are already shying away from the last front-engined Corvette. As many as eight months’ worth of production units remains unsold as of now.
The last front-engined Chevrolet Corvette debuted in 2013 with a coveted 'Stingray' badge.
Speculation was rife that the C8 Corvette will bow at the 2019 Detroit Auto Show, but it was a no-show. This did not sway the enthusiasts determined to lay their hands on a truly era-defining automobile. That should sound like good news for Chevrolet, seeing as a car that hasn’t even been revealed in production avatar is already commanding so much interest. However, the blessing is overshadowed by an ironical curse.
Almost 9,000 seventh-gen Corvettes are sitting unsold in various Chevrolet warehouses. It seems production has far outpaced demand, and yet, the C7 is still in production in Kentucky. The data is courtesy of eInventoryNow.com, a site that connects dealers to help shift and trade unsold inventory. 9,000 cars translates to roughly 232 days of inventory. This number is calculated using average daily sales data over a 30-day period. The number is higher than any other GM product listed barring the all-new Chevrolet Blazer.
Of course, the number can fluctuate over time based on how well a car is selling, but currently, the number of Corvettes sitting unsold accounts for seven months of production. According to General Motors, nearly 180,000 C7 Corvettes have been sold since the current-gen car debuted in 2013.
Despite churning out insane derivatives like this 755-hp Corvette ZR1, Chevrolet is yet to move nearly 9,000 units of the current-gen sports car.
Pininfarina is pinning its hopes on the Battista to boost its maker’s badge as a stand-alone marque. The company has already mapped out a three-stage production plan. In summary, a carbon fibre-clad, simplistically designed, elegant Italian electric hypercar with minimalist yet modern interiors: that’s what the Pininfarina Battista will be. Have a look at the video below to see Paolo Farina describing the car’s long-awaited launch.