Corvette News Summary | April 2023
Average read time: 13 minutes
Welcome to the Corvette News Summary for April! This month, we bring to you an array of exhilarating news and updates for Corvette aficionados. Highlights include the auction of the first 2024 Corvette E-Ray at Barrett-Jackson, which fetched a staggering $1.15 million, and the world-record quarter-mile run by Will Farmer in a C8 Z06, shattering previous records with a blistering time of 9.98 seconds.
We also delve into the realm of aesthetic customizations, featuring a comprehensive video by the well-known Corvette enthusiast BrinkOfSpeed, showcasing various wheel setups for the C8 Corvette. There's no denying that these personal touches can significantly enhance the appeal of your Corvette.
In addition, we spotlight the Ron Fellows Performance Driving School, a platform where Corvette owners can enrich their driving prowess and fully understand their car's capabilities. Even as Corvette enthusiasts continue to test the limits of their cars, safety and control remain paramount—something this program emphasizes.
From record-breaking performances to insightful tutorials and opportunities for skill development, May has been a riveting month for Corvette news. Despite the ups and downs, the passion among Corvette enthusiasts shows no signs of waning.
Corvette 1st Quarter Sales in 2023: Weathering the Storm
In the first quarter of 2023, 7,904 new Corvettes found homes, according to General Motors. This number, however, shows a drop of 10.3% compared to the same period last year when 8,811 Corvettes were delivered. This downturn is the most significant since Q1 2021. Stormy weather and parts shortages causing factory shutdowns are the main reasons behind this dip.
Keep in mind, 7,904 isn't a disastrous sales figure. If we could experience a near-perfect quarter, like the one we saw in Q3 2021, we could still be on track for a record-breaking year in North American C8 sales.
Despite these roadblocks, the potential for a record-breaking year in North American C8 sales is still within reach. If the supply chain allows for smooth production, like in Q3 2021, we could make history. For official Q2 2023 sales numbers from GM, check the Corvette Sales Archives in July 2023.
|2023 (up to April)||7,904|
General Motors isn't slowing down. In Q1 2023, they delivered 603,208 vehicles in the U.S., up by 18%. This growth increased their market share by an estimated 1.5 points, the highest among all automakers. GM has started the year on a high note, selling more than 20,000 EVs as they boost production of Ultium Platform vehicles. They also expanded their truck leadership with new HD and midsize pickup truck launches.
What Happens During A Corvette Z06 PDI?
Ever wondered what goes on during the Pre-delivery Inspection (PDI) of your Corvette Z06? Join Morgan Crosbie from Finch Chevrolet in London, Ontario as he guides us through this meticulous process.
The PDI is a comprehensive process that includes checking fluid levels, prepping the car, and installing any additional options requested by the customer. These additional elements often require more time than the assembly line can accommodate.
As Morgan explains, some parts arrive at the dealership before the car, while others are sent from Bowling Green Assembly Plant along with the vehicle.
During this particular PDI, a C8 Z07 is getting its front splitter and underbody aero strakes installed. Additionally, Corvette Racing graphics are applied to the hood and rear quarter panels. They also swap out the standard Corvette lettering on the back for a vibrant red variant.
New Corvette Academy Video: Meet E-RAY
Prepare for an electrifying leap in Corvette performance. A recent YouTube video presents the innovative Corvette E-Ray, a model that marries Corvette's rich V8 performance legacy with the latest in electrification technology, delivering an unparalleled driving experience.
"As the first-ever Corvette with electrified all-wheel drive, the E-Ray stands in a league of its own." - Brad Franz
Join Mike Kutcher and Brad Franz as they delve into the exhilarating acceleration and state-of-the-art technology that fuel the E-Ray. Thanks to its electrified all-wheel drive, the E-Ray delivers instantaneous straight-line performance and unrivaled control.
The E-Ray not only expands the horizons of what a Corvette can do, but it also holds the title as the fastest Corvette ever built. This trailblazing vehicle offers drivers an opportunity to explore a new dimension of Corvette's potential.
Watch the full video below for an exclusive insight into the thrilling performance capabilities of the Corvette E-Ray:
2024 C8 Corvette Models Start September 5th
Enthusiasts have been eagerly awaiting updates from Chevrolet regarding their future Corvette plans. Exciting news includes the extension of the 2023 model year and the commencement of the 2024 model year for Corvettes.
Per an information deck circulated to dealerships, Chevrolet plans to extend the 2023 model year until September 1st. The 2024 model year Corvettes will initiate retail production starting Tuesday, September 5th, right after the Labor Day holiday.
Additionally, Chevrolet revealed that the vehicle order guide will be available on July 10th, and the visualizer will go live on July 18th, preceding the 2024 SORP date.
Despite the 2023 model year's extension, customer sold orders (SRE) for the Z06 model were ceased as of April 5th. Nonetheless, dealerships can continue to place dealer stock orders (TRE) for any additional allocations they receive.
|Option/Model Code||Description||Constraint Duration||Comments|
|Z51||Performance Handling Package||Model Year||Supplier Restriction|
|Minus Z51||Non-Z51 Performance Handling Package||Model Year||Supplier Restriction|
|1YH07/1YH67||Z06 Models||Model Year||Controlled Allocation|
|Q9I||Spoke Gloss Black Forged Alum. Wheel||TBD||Supplier Restriction|
|5ZZ||High Wing | Carbon Flash||TBD||Supplier Restriction|
|5JR||Mirror Caps in Visible Carbon Fiber||TBD||Supplier Restriction|
|RZ9||Grille Insert in Visible Carbon Fiber||TBD||Supplier Restriction|
|5VM/5W8||Visible/Painted Carbon Fiber||TBD||Supplier Restriction|
|Option/Model Code||Description||Constraint Duration||Comments|
|T0F||High Wing, Carbon Flash||Model Year||Supplier Restriction|
|T0G||High Wing, Visible Carbon Fiber||Model Year||Supplier Restriction|
|CFZ-T0F||Ground Effects, Carbon Flash||Model Year||Supplier Restriction|
|CFV-T0G||Ground Effects, Visible Carbon||Model Year||Supplier Restriction|
Is the C8 Corvette Used Market Cooling?
Recent findings from iSeeCars suggest a downtrend in the pre-owned market for the C8 Corvette. Back in February 2022, the Corvette Stingray claimed the second spot on the list of 15 Used Cars More Expensive Than New, with a price difference of 20% favoring used vehicles. Fast forward to March 2023, the C8 Corvette has slipped to the 12th position in the Top 14 cars more expensive when used than new.
As per the March 2023 study, the C8 Corvette fetches a mere 0.4% or $324 more when used than a brand new one. The current average price for a used C8 Corvette Stingray is $84,827. - iSeeCars
Here is the list of Top 14 Cars More Expensive Lightly Used vs. New, according to the iSeeCars study:
|Rank (by Percentage)||Model||% Difference Used Over New||$ Difference Used Over New||Used Price|
|2||Toyota Corolla Hybrid||7.9%||$2,038||$27,809|
|5||Toyota RAV4 Prime||3.5%||$1,726||$51,298|
|6||Toyota Corolla Cross||2.9%||$853||$30,636|
|7||Toyota RAV4 Hybrid||2.4%||$953||$40,045|
|10||Honda Civic (hatchback)||1.0%||$297||$29,683|
|11||Honda Accord Hybrid||0.4%||$152||$34,704|
These figures indicate a potentially more favorable market for Corvette fans considering purchasing a pre-owned C8 Corvette. As the market dynamics continue to fluctuate, it is worthwhile to monitor the price trends for both new and used Corvettes.
First 2024 Corvette E-Ray Auctioned for $1.15 Million at Barrett-Jackson
Chevrolet took the wraps off the 2024 Corvette E-Ray, presented in Riptide Blue Metallic, at Barrett-Jackson's 20th Anniversary auction held in Palm Beach, Florida. The proceeds from the auctioned E-Ray went to DonorsChoose, a charity devoted to equipping students across all communities with the necessary resources and experiences for quality education.
Tadge Juechter, the Executive Chief Engineer of Corvette, unveiled the E-Ray, highlighting how the shift to electric augments the Corvette driving experience. Bidding for the car hit $1 million in mere seconds and eventually went to Chevrolet dealer and NASCAR team owner Rick Hendrick for $1.15 million, adding another VIN 001 Corvette to his collection.
"After 70 years of pushing the limits of internal combustion and striving for sports car perfection, we're finally going electric. We're electrifying this car, but we're doing so in a way that doesn't compromise the driving experience, but rather enhances everything that makes driving a Corvette special." - Tadge Juechter, Corvette Executive Chief Engineer
Find the auction video here:
Corvette Z06 Breaks Records with Sub-10 Second Quarter Mile Run
Will Farmer, behind the wheel of the Rick Hendrick Chevrolet Buick GMC C8 Z06 painted in Torch Red, shattered the world record by clocking a quarter-mile run in a swift 9.98 seconds at 135.50 mph.
Prior to this, Farmer had clinched two other world records, his fastest time being 10.16 seconds at 135.73 mph with the aid of drag tires. The record-smashing run took place during an evening sprint, as captured in a YouTube video by user 377ndacut. The Corvette Z06 was in its stock form, barring the addition of drag radials.
Nine Second Quarter Mile C8 Z06 World Record Run: A stock Corvette Z06, equipped with drag radials, pulls off an astounding 9.98-second quarter-mile sprint at 135.50 mph!
Experience the exhilarating world record video here:
C8 Corvette Wheel Try-on Haul with Brink of Speed
Renowned Corvette enthusiast and friend of ACS Composite, BrinkOfSpeed, has unveiled an insightful 30-minute video displaying an array of wheel setups for the C8 Corvette on a striking Red Mist HTC.
In this "Try-On Haul," Mike, along with his companions, present four sets of Forgedlite Wheels and a pair of OEM wheel sets on a Red Mist Stingray Convertible. The video emphasizes the aesthetic impact of varied wheel designs, as well as the distinctions between 19"/20" wheels and a staggered setup of 20"/21" wheels.
C8 Corvette Wheel Try-on Haul with Brink of Speed: An exhaustive display of diverse wheel setups for your C8 Corvette, spotlighting Forgedlite Wheels and OEM wheel sets on a Red Mist Stingray Convertible.
Watch the full wheel showcase video here:
Elevate Your Corvette Driving Skills at the Ron Fellows Performance Driving School
The esteemed Ron Fellows Performance Driving School presents a unique platform for Corvette enthusiasts to refine their driving prowess and fully exploit their vehicle's capabilities.
Located at the Spring Mountain Motor Resort, the school conducts an extensive two-day program designed to accommodate drivers across all skill levels. Under the guidance of seasoned instructors, participants engage in a combination of classroom lectures, vehicle control exercises, and on-track activities. The objective is to leave participants with an enriched comprehension of their Corvette's potential and advanced driving techniques.
To gather more information about the program, reach out to your Chevy dealer.
In the Corvette Expert Sessions video by Chevy MyWay, host Billy Konsoer converses with two expert instructors about the benefits derived from attending the Ron Fellows Performance Driving School. They articulate how the program can empower Corvette owners to better appreciate their vehicle's capabilities and elevate their driving acumen.
"Upon completion of the course, attendees not only gain a deeper understanding of their daily-use vehicle but also acquire a comprehensive knowledge of car control and balance. Whether they decide to take their car to the track, engage in autocross, or just enjoy a spirited drive through mountain roads, they will have the skills to do it competently and above all, safely."
C8 HTC ZZ3 Engine Appearance Package on Display at NCM Bash
The National Corvette Museum Bash showcased Chevrolet's latest innovation, the ZZ3 Engine Appearance Package, designed exclusively for all convertible models. This much-anticipated feature, available through Chevrolet Accessories, includes a see-through panel that elegantly displays the engine bay, enhancing the aesthetic appeal of these iconic vehicles.
Buyers will also have the option to customize their Corvette with Silver or Edge Red engine covers. Pricing details are yet to be announced.
ACS Spotlight: Your Build of the Week
Hey there! We've been sharing some amazing builds on our social media recently, using the hashtag #BOTW (Build of the Week). If you're part of our newsletter family, you've probably seen these cool features already.
We love showing off how you're using ACS Composite products to turn your ride into something special. It's not just about us, though; your builds inspire others and bring the whole community together. If you fancy seeing your car featured in a future Build of the Week, we'd be stoked to make that happen!
Just send us some photos and a bit of background info about your car. You can drop us an email, hit us up on live chat, or slide into our Instagram or Facebook DMs. We'll make sure you get the spotlight in an upcoming post.
Now, let's dive into our latest #BOTW features and see what Bob, David, and Dave have been up to!
Bob's C8 5VM Z51
David's 70th Anniversary White Pearl Metallic C8 Corvette
Dave's Amplify Orange Z51 HTC
- ACS Order