Chevrolet is known as a powerhouse when it comes out with new models, which is why the C8 Corvette has taken the world by storm. It will be a world-class vehicle that people will line up to take on a test drive, much like the model that came before it.
Usually, when a newer model is revealed, the previous model is taken off the market. People want the latest and greatest thing that’s available. This is why companies shift their focus to mass production to increase their profits. It does make sense that people would worry about the C7 disappearing from the market and continue to buy the previous model.
However, the opposite has proven to be true. Car dealerships can’t find enough space to store the C7s they have in stock, and yet they continue to order more. It is a strategy that many dealerships use when a new model is produced, especially for a company as big as Chevrolet. The dealers want Chevy to continue to stock them with new models, so they prove that they’re a reliable dealership by moving cars onto their lots. Studies show that since 2013, over 177,000 C7s have been sold. That means that while people may love it, they have already bought one and don’t have a need for another. These fans make up a large part of Chevy’s customer base, and because some have had the C7 for over six years, it makes more sense to roll out the C8 to fans who want something new.
There is one glaring problem. The C8 was meant to debut in the Detroit Auto Show last January, but Chevrolet engineers found an electrical issue. Supposedly the new model couldn’t carry the necessary electrical load required to support the car’s components. With no quick fix in sight, the engineers began to remake the entire electrical system, predicting it would take at least six months to get the model car ready for the show.
Production was pushed back while the engineers worked on the electrical system. Chevrolet coordinated with parts suppliers to get everything the engineers needed to make the new platform work. To give themselves the necessary time to fix the C8 by the next season, the C7 was listed as a 2020 model. This move by Chevrolet is highly unusual for an outdated model. Once a newer vehicle is announced, the previous one is pushed back into the shadows for the ages.
Some fans are speculating that the 2020 C7 will act as the influencing force behind the C8, but not distributed. Other fans have wondered if the C7 has been listed as a 2020 model only as a placeholder, so the C8 can be swapped in last minute in January 2020 without disrupting the car show.
The future for C7 Corvettes doesn’t look too bleak as of now. There will be plenty of them in dealerships around the world for some time so that prices will stay low. It’s up for consumers to decide what they would rather put their money towards, an older car with a lower price tag, or savings for a future with a Corvette as bright as the C8.