But it's not all bad news.
After General Motors was forced to close its factories in response to the global pandemic, production of the 2020 Chevrolet Corvette Stingray finally resumed last month. Initial customer deliveries began earlier this year before production was shut down, but if you're still waiting to get behind the wheel of Chevrolet's new mid-engine masterpiece, prepare to be disappointed.
Speaking to the Detroit Free Press, General Motors has confirmed that not every 2020 Corvette order will be fulfilled. Chevrolet was planning to build 20,000 units of the C8 Corvette before the 2021 model launches, but this is no longer feasible.
"We are not going to build all of the 2020 orders," GM spokesman Kevin Kelly said, adding that affected customers will be offered a 2021 model instead.
As expected, demand is outstripping supply right now. As of May 1, GM received 20,181 orders for the 2020 Corvette and 3,820 Corvettes were sold in the first quarter. "We've had an enormous demand for this vehicle and we had that work stoppage and we have suppliers trying to come up to speed too," Kelly explained. "The plant is still coming up from Covid. We still haven't brought up the second shift yet, so we're still ramping up."
It's not all bad news, however. Customers who will be offered the 2021 model won't be charged extra because 2021 Chevrolet Corvette won't be getting a price increase. This means that, like the 2020 model, the 2021 Chevrolet Corvette Stingray will start at $59,995 for the coupe and $67,495 for the convertible, including the $1,095 destination charge.
However, most buyers are willing to spend more on the 2020 Corvette, as used examples of the base version are nearly impossible to find. Chevrolet is not currently accepting orders for the 2020 Corvette, but the order books for the 2021 model will open in late July.