Just me or is there a lot of C7 Z06s on the lots - Z06Vette.com - Corvette Z06 Forum
 
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post #1 of 8 (permalink) Old 08-07-2016, 10:54 AM Thread Starter
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Just me or is there a lot of C7 Z06s on the lots

So I have to ask. Is it just me or have you seen this. Been kicking around the idea of trading in my C6 Z for a C7 Z. I could not believe the inventory or the discounts in northern VA. 10% off sticker! If I remember the second year of the C6 Z we were still looking at limited inventory and above sticker prices.
Is it because of all of the additional super cars available or is it that we have not warmed up to a SC?
BTW after driving a C7 I did not see the 47k difference the dealer wanted after valuing my car.

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post #2 of 8 (permalink) Old 08-07-2016, 01:57 PM
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Re: Just me or is there a lot of C7 Z06s on the lots

C7 Z06 has been plagued with engines getting too hot killing performance of going into limp mode and with GM saying the 2017 model has design changes to cooling
People may not want a 2016 and wait until later in year when 2017 Z06s are out

New C7 sales way down, only 2,100 new C7s sold for July and 2,400 for June so maybe public not so hot in buying C7s ?

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post #3 of 8 (permalink) Old 08-07-2016, 02:32 PM Thread Starter
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Re: Just me or is there a lot of C7 Z06s on the lots

Sounds like the 1968 plague for running hot. Could definitely be why the inventory and discounts are so high.

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post #4 of 8 (permalink) Old 08-07-2016, 07:43 PM
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Re: Just me or is there a lot of C7 Z06s on the lots

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Originally Posted by racingvette View Post
New C7 sales way down, only 2,100 new C7s sold for July and 2,400 for June so maybe public not so hot in buying C7s ?
Sales may have been down in June and July, but maybe that's because everyone who wanted a 2016 already bought one. Also some June production always ends up being part of the next model year. Some of the 2017 Grand Sports have already been Corvette Museum delivered.

According to GM, 2016 was the highest sales numbers since 1984 with over 40,000 2016 Vettes sold. Even the C7.R edition that was supposed to be limited to 500 cars ended up being 650 cars due to high demand.

Ryan J

"The National Corvette Museum has compiled the information, and in total, 40,689 Corvettes were produced for 2016.
Read more: http://gmauthority.com/blog/2016/07/final-numbers-for-the-2016-c7-corvette-model-year-released/#ixzz4GhlMOiFE"

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post #5 of 8 (permalink) Old 08-08-2016, 01:40 PM Thread Starter
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Re: Just me or is there a lot of C7 Z06s on the lots

Just looked at kerbeck web site. They have 5 new z06s marked down 20k. I think that is unbelievable 2 years into the production run. Somethings up.

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post #6 of 8 (permalink) Old 08-08-2016, 07:18 PM
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Re: Just me or is there a lot of C7 Z06s on the lots

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Originally Posted by RJ-19 View Post
Sales may have been down in June and July, but maybe that's because everyone who wanted a 2016 already bought one. Also some June production always ends up being part of the next model year. Some of the 2017 Grand Sports have already been Corvette Museum delivered.

According to GM, 2016 was the highest sales numbers since 1984 with over 40,000 2016 Vettes sold. Even the C7.R edition that was supposed to be limited to 500 cars ended up being 650 cars due to high demand.

Ryan J

"The National Corvette Museum has compiled the information, and in total, 40,689 Corvettes were produced for 2016.
Read more: http://gmauthority.com/blog/2016/07/final-numbers-for-the-2016-c7-corvette-model-year-released/#ixzz4GhlMOiFE"
They need to learn how to count as saying 40,000 C7s sold in just 7 months of this year never could happen
The real GM numbers are about half that and is 20% less then sales over 1 year ago

PHP Code:
Month     Calendar Year to Date
Month     2016     2015     
Change     Months       2016     2015     Change
July           2
,159           2,794       -22.7%       Jan-July  16,827     21,101     -20.3
PHP Code:
        Jan       Feb    Mar       Apr       May     Jun             Jul     
2016    1
,501     2,116   2,753     3,142     2,673     2,483     2,159 

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Last edited by racingvette; 08-08-2016 at 07:21 PM.
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post #7 of 8 (permalink) Old 08-09-2016, 06:41 AM
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Re: Just me or is there a lot of C7 Z06s on the lots

If you look more closely at the numbers, GM is producing about 900 Corvettes a month then they are selling. Therefor the inventory buildup. The Z06 inventory buildup is being exacerbated by the 5% or so cars that exhibit cooling problems on the track. Although that is not a huge number when you consider they produced close to 10,000 Z's. However now everybody thinks that their street driven car is going to overheat is just ridicules.

The dealer I bought my C6 Z from currently has 30 '16 Corvettes in stock of which 8 of those are Z's and all 8 of those Z's are automatics. My dealer must not have gotten the memo to discount the Z's because online all they are offering is $500.00. When I bought my Z I got $10,500.00 off sticker and that did not include a Corvette owner loyalty rebate.

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post #8 of 8 (permalink) Old 08-09-2016, 06:45 AM
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Re: Just me or is there a lot of C7 Z06s on the lots

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They need to learn how to count as saying 40,000 C7s sold in just 7 months of this year never could happen... The real GM numbers are about half that and is 20% less then sales over 1 year ago
I assume their sales numbers are for the model year (June 2015-June 2016) rather than the calendar year.

It seems reasonable to me that sales would be lower in the second half of the model year. Everyone who wants the latest and greatest makes their purchase as soon as it is available. I'm sure there will be a similar spike the second half of this calendar year when the Grand Sports start hitting dealers. Likewise if GM brings out another ZR1 / Zora whatever for the 2018 model year, I'm sure July-Dec 2017 sales will be high as well.

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Last edited by RJ-19; 08-09-2016 at 06:52 AM.
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