Are Corvettes profitable?
The C8 Corvette has a 16.5% margin of profit-more than twice other GM vehicles. According to Morgan Stanley, the Corvette was expected to bring in $3.3 billion in revenue before the pandemic shut down regular production.
What is the average income of a Corvette owner?
According to Strategic Vision data, the typical Corvette buyer has a household income of $145,000.
What are the profit margin on a Corvette?
C8’s 16.5% Profit Margin.
Is Corvette plant shutting down?
Corvette production back on May 2 after 1-week halt General Motors Co.’s Bowling Green, Kentucky, Chevrolet Corvette plant will reopen May 2 after it was shut down this week for an unspecified supply shortage, the automaker confirmed Friday.
Why is the Corvette plant shutdown?
Production of the Chevrolet Corvette at General Motors Co.’s Bowling Green, Kentucky, plant will be shut down next week due to a temporary parts shortage unrelated to the global semiconductor shortage, the company confirmed Friday.
How much do Corvettes go for?
The pricing of the 2022 Chevrolet Corvette starts at $60,900 for the coupe and $68,400 for the convertible for the base 1LT trim. The more high-tech 2LT trim starts at $68,200 for the coupe and $75,200 for the convertible. Finally, the 3LT model begins at $72,850 for the coupe and $79,850 for the convertible.
How long is Corvette plant shut down?
Chevy dealers received confirmation yesterday that 2022 Corvette production would come to a halt next week as well as clarification on constraints. Yesterday we announced that the Bowling Green Corvette Assembly Plant would be closed next week bringing 2022 Corvette production to a halt due to supply chain issues.
Is there a Corvette shortage?
The automaker also halted production of the C8 Corvette Stingray the week of March 21st due to an unexpected parts shortage. That one-week stoppage forced GM to push the production start date of the 2023 model year Corvette Stingray from May 9th to May 16th.