Last month, MC&T reported that the C8 Corvette managed to be the fastest selling vehicle in the United States during the month of January. This came as a surprise to many folks, considering the ever-rising popularity of large SUVs and pickup trucks in this country. It almost seemed somewhat flukey that a mid-engined sports car could achieve this sales feat. But thanks to a new report from iSeeCars, it is clear that this was not an isolated incident. That is because C8 Corvette sales once again took place at the fastest rate in the country during the month of February. For those keeping score at home, that’s two consecutive months of the Chevrolet Corvette holding the sales title.
iSeeCars reviewed the over 1.2 million new and used cars sales that took place in February, and found that the average new car took 48.9 days to sell once it hit dealer lots. This number was slightly lower for used vehicles, which took an average of 42 days to sell. Both figures are about three days longer on average when compared to the month of January, despite the fact that February is a shorter month. The C8 Corvette by comparison needed just 13.1 days before they were moved off of dealer lots, which is also three days longer than it’s January figure of 10 days. The average Chevrolet Corvette sales price last month rang in at $86,581.
Perhaps unsurprisingly, the C8 Corvette was both the only sports car and the only coupe in the top 20. The list was again dominated by luxury vehicles, particularly in the SUV segment. The Cadillac Escalade for example came in fourth place, spending just 16.6 days on dealer lots. The larger ESV variant also made the top 20, coming in at number 12.
Now there might be a few reasons as to why C8 Corvette sales happen at such a rapid pace. First is of course the fact that this is the first mid-engined variant of the famous sports car, and it represents the greatest leap taken generation-over-generation. Furthermore, General Motors hasn’t exactly had an easy time building these things. A UAW strike, supplier issues, and of course the pandemic has marred the company’s ability to pump cars out at the pace they would like. For the 2020 model year, GM only built 20,368 examples of the C8, compared to a figure of 34,822 for the 2019 model year. That is a dramatic difference, especially when you consider how much customer interest this new Chevrolet Corvette has amassed. This has resulted in limited stock being allocated to dealers, and as such there’s been a frenzy over purchasing one.
When General Motors released the first mid-engined Chevrolet Corvette after literal decades of promising one, we knew it’d be popular. That said, we aren’t sure that anyone thought the car would take home this title two months in a row. We’re willing to bet that GM would happily trade the rate of sales for higher production output, however. Either way, it is clear they have a bit of a home run on their hands at the moment.