Due To Sagging Sales, Corvette Production Halts
General Motors is going to halt production of the Chevy Corvette during the week beginning October 6th. When the Bowling Green, Kentucky assembly plant goes back to work after the hiatus, it will employ 75 fewer workers and manufacture 3.5 fewer vehicles an hour.
Last month GM had some excellent deals on new Corvettes, as it was trying to boost its sales by making the car part of its employee pricing deal. This deal will continue through September 30th, and offers big savings. For example, you can get around $10,000 off of the original price of a Corvette Z06, however, in this poor market this kind of reduction isn’t going to turn things around.
Though the discount caused sales to jump, they are way off of the mark last year. In fact sales were down 8.5% through the month of August. Cars that haven’t sold are crowding dealer’s lots, which are causing production cuts. But, the good news is, if you’re in the market for a Corvette, this is the time to get a good deal with a hefty auto warranty.