Corvette News Summary | August 2023
Welcome to the ACS Composite Corvette News Summary. This month, dive into the debut of the 2024 Corvette E-Ray and updates on the Stingray and Z06 models. Get insights on the UAW votes impacting the Corvette Plant and revisit the 2023 Corvette's significant milestones. Discover exclusives like the C8 Corvette ZR1 sighting in Ohio and GM's unique approach for the 2024 Z06. Our ACS Spotlight highlights the vibrant Corvettes at Carlisle event. Corvette enthusiasts, join us on this thrilling journey through an iconic brand's universe!
2024 Corvette E-Ray: Historic Production Launch Announced!
Chevrolet’s highly anticipated 2024 Corvette E-Ray is creating waves once more. General Motors' recent dealer update brought unexpected news. Rather than focusing solely on the E-Ray, allocations for the beloved Corvette Stingray and Z06 models have also increased, emphasizing the continued demand for these classics.
For E-Ray fans, the wait ends soon! Chevrolet has confirmed that production begins on Monday, October 23rd, with the first E-Ray deliveries expected by early December. As anticipation builds, fans wonder about potential delays or challenges in the E-Ray's order cycle.
"The 2024 Corvette E-Ray heralds an electrifying new era in the Corvette saga!"
Stay tuned for more exclusive updates on the Corvette E-Ray evolution.
2024 Corvette Updates: Stingray, Z06, and E-Ray Launch Dates & Features
Corvette enthusiasts, gear up for exciting updates from Chevrolet! With an emphasis on the 2024 Corvette line-up, let's unravel the latest that’s been turning heads.
All 2023 model year orders are smoothly transitioning into production, as showcased by the assembly plant's robust output—over 430 cars in just two days, with 55 Z06s daily. A historic year for Corvette indeed!
Mark your calendars! The 2024 Corvette Stingray and Z06 are launching ahead of schedule on September 11th, while the E-Ray gears up for October 23rd.
"2024 sees Chevrolet introducing distinct allocation groups for the Stingray, Z06, and E-Ray, ensuring transparency in every order."
| Model | Color | Availability (%) |
|---|---|---|
| Stingray | Cacti Green | Sea Wolf | Riptide Blue Metallic | 0% | 1% | 4% |
| Z06 | Riptide Blue Metallic | Cacti Green | Sea Wolf | 4% | 0% | 1% |
In other news, the 2024 Z06 and E-Ray’s Vehicle Retention Program brings a twist. The six-month no-flip policy is now active, but selling the E-Ray within this period won't jeopardize its 8-year/100,000-mile battery warranty.
2024 Corvette E-Ray: Brief Launch Delay Amid Industry Talks
Chevrolet's 2024 Corvette E-Ray has stirred immense excitement. While enthusiasts geared up for its order cycle, it seems Chevrolet is giving the spotlight to the Stingray and Z06 models momentarily.
Originally slated for an August 17th ordering cycle, Chevrolet shifted gears. Allocations now primarily cater to the renowned Stingray and Z06, keeping the E-Ray's debut in suspense.
Speculations hint at Chevrolet synchronizing its E-Ray strategies with the Big Three automakers and United Auto Workers (UAW) discussions. With the E-Ray’s production now set for October 23rd, post the UAW's September contract conclusion, Chevrolet aims for a flawless launch, underlining its commitment to quality and innovation.
Keep an eye out for more on the 2024 Corvette's evolution, and let our collective Corvette fervor keep igniting the road ahead. If you missed last month's Corvette News Summary, be sure to check out the 2024 Order Guide available now.
Corvette Assembly Plant Faces UAW Strike Vote
The Corvette Assembly Plant has come into focus as Local UAW 2164 deliberates on potential strike action amidst ongoing discussions between the United Auto Workers union and the Big Three automakers.
"Strike authorization voting isn’t a direct strike call but a step ensuring clear, committed negotiations."
Such a vote doesn’t guarantee immediate action. It's more of a negotiation tactic, reminiscent of the 2019 UAW strike affecting the C8 Corvette's launch. As the current contract nears its end, anticipation builds around the 2024 Corvette production.
We, the Corvette community, remain hopeful and believe that a mutual resolution may be reached.
2023 Corvette Production: A Historic Achievement
The 2023 Corvette marks a spectacular achievement for the Corvette Assembly Plant, as it hits a production milestone of 50,298 Corvettes— a feat achieved only twice in its 70-year history!
| Model | Count |
|---|---|
| Corvette Stingrays | 40,657 |
| 70th Anniversary Stingrays | 4,164 |
| Corvette Z06s | 4,628 |
| 70th Anniversary Z06s | 849 |
| Total | 50,298 |
"Echoing the glory of 1979 and 1984, the 2023 Corvette stands third in all-time production, with potential for even greater accomplishments."
With only two weeks left for the 2023 production and an impressive daily count, it's set to clinch a historic second place. As Corvette enthusiasts await the 2024 E-Ray, it's evident the Corvette magic is far from fading.
Sneak Peek: C8 Corvette ZR1 in Ohio
Attention, Corvette aficionados! Exclusive snapshots and footage from Marietta, Ohio, offer a tantalizing glimpse of the C8 Corvette prototypes. Kudos to David Wesel and David Haas for the inside scoop.
Marietta's roads, known for Corvette sightings, recently showcased C8 Corvette prototypes, donned in their signature black camo. Unique Z06-style wings and a center quad exhaust hint at the upcoming Corvette ZR1.
"These fleeting sights amplify the buzz in the Corvette community, as we await the ZR1's grand debut."
Industry whispers suggest the ZR1, potentially launching in 2025, could be a powerhouse. Anticipated to feature twin turbos and the Z06’s 5.5-liter V8, it may deliver an astounding 800+ horsepower. Rumors also hint at distinctive design elements distinguishing the ZR1 from its Z06 and E-Ray counterparts.
There's buzz around ZR1's new wheel design, and while leaks have surfaced, the genuine design is still under wraps. And the price? It might be a cool $150K.
2024 Corvette E-Ray Debut: Highlights from Carlisle
The Corvettes at Carlisle event in Pennsylvania dazzled attendees with the unveiling of the 2024 Corvette E-Ray, presented by Team Corvette.
For more, see our coverage on ACS at Corvettes at Carlisle!
Top brass like Executive Chief Engineer Tadge Juechter, Vehicle Chief Engineer Josh Holder, and Corvette Product Manager Harlan Charles delivered informative presentations, sharing insights on this hybrid marvel.
"The E-Ray, termed the 'Swiss Army Knife of Corvettes', heralds the All-Wheel-Drive era in America’s Favorite Sports Car."
Transitioning to an AWD Corvette had challenges, especially with traditional front-mounted engines. But electric innovations birthed the 'E-Ray', a concept trademarked in 2015. Production will ramp up gradually, echoing the Z06's release strategy. Notably, the team reached a monthly production of 1,000 Z06s, and the E-Ray is soon to follow suit.
Harlan Charles's vision deserves applause. His early advocacy for the Corvette's mid-engine shift and collaboration with Pratt Miller has redefined the brand's trajectory. As 2023 concludes, over 53,000 units have been crafted or slated, leaving enthusiasts eager for the exact count.
Chevrolet Corvette C8: Climbing the Charts in Preowned Sales
The 8th gen Corvette C8, previously a favorite in the new cars sector, now shines in the preowned market, securing its spot among the top.
A study by iSeeCars.com reveals the Chevrolet Corvette holds the 16th position in the Top 20 Fastest Selling Preowned Vehicles. With an impressive average selling time of 39.9 days and an average price of $82,574, it sells nearly 10 days faster than most used cars.
"The used car landscape is rapidly changing, with popular models like the Corvette driving these shifts." – iSeeCars Executive Analyst Karl Brauer.
In the new car realm, selling times slightly increased to 22.7 days from last year's 17.5 days. These newer models now demand a 14.1% higher price. While SUVs like the GMC Yukon and Cadillac Escalade are prominent, the Corvette's performance in both new and preowned sectors signifies its timeless allure.
For Corvette aficionados, this data emphasizes the Corvette's lasting impact and desirability in the car market. Unfortunately, it is not all positive as the secondary market has really driven up prices with a lot of flippers getting involved. More listings are popping up on BringAtrailer.com each day, some fetching some high asks!
| Top 20 Fastest-Selling Used Cars | |||
| Rank | Model | Avg. Days on Market | Avg. Price |
| 1 | Honda HR-V | 34.4 | $24,496 |
| 2 | Acura ILX | 35.3 | $26,091 |
| 3 | Toyota Highlander Hybrid | 36.6 | $42,119 |
| 4 | Acura RDX | 36.8 | $35,864 |
| 5 | Hyundai Venue | 38.0 | $19,764 |
| 6 | Honda Insight | 38.3 | $24,567 |
| 7 | Honda CR-V | 38.5 | $28,660 |
| 8 | Honda Civic | 38.8 | $24,619 |
| 9 | Toyota C-HR | 38.9 | $23,462 |
| 10 | Toyota Sienna (hybrid) | 39.1 | $44,233 |
| 11 | Toyota Tundra | 39.1 | $45,110 |
| 12 | GMC Yukon | 39.4 | $56,637 |
| 13 | Kia Telluride | 39.7 | $39,838 |
| 14 | Acura TLX | 39.8 | $32,380 |
| 15 | Honda Pilot | 39.9 | $34,749 |
| 16 | Chevrolet Corvette | 39.9 | $82,574 |
| 17 | Acura MDX | 40.4 | $38,279 |
| 18 | Honda Accord | 40.5 | $26,816 |
| 19 | Cadillac Escalade ESV | 40.5 | $66,331 |
| 20 | Toyota 4Runner | 40.7 | $40,851 |
2024 Corvette: Dazzling New Paints with a Pinch of Rarity!
Corvette enthusiasts, rev your engines! The 2024 Corvette roars in with novel exterior paints, enriching the legacy of the iconic eighth-gen sports car. As we excitedly anticipate the Corvette C8 E-Ray's release, some of the colors already appear to be heading for constraint.
Introducing the Corvette’s latest palette:
- Riptide Blue Metallic (GJV)
- Cacti Green (GVR)
- Sea Wolf Gray Tricoat (GXA)
Replacements for the Caffeine Metallic, Elkhart Lake Blue Metallic, and White Pearl Metallic Tricoat, these colors breathe new life into the Corvette spectrum.
Initial sightings, especially on the 2024 Corvette Stingray and Z06, might be few and far between. In particular, spotting a Cacti Green might become a rare treat for a while!
"Corvette's 2024 paints aren’t just hues; they symbolize evolution. As always, Corvette transforms constraints into legendary icons!"
Word on the street: the 2024 Corvette E-Ray's production kickstarts on October 23rd. And while we're discussing updates, note the freight charge for the 2024 Corvette has nudged up by $200, now at $1,595. Given the Corvette’s first-ever hybrid, the E-Ray, and its blend of a 6.2L V8 LT2 with an electric heart, the excitement is electric!
Beyond colors, the 2024 Corvette packs a punch: Stingray flaunts a 6.2L V8 LT2, Z06 sports a 5.5L V8 LT6, and the E-Ray heralds as Corvette’s premiere factory hybrid.
2024 Corvette Z06: GM's Genuine Enthusiast Commitment
The 2024 C8 Corvette Z06 is more than a car—it's a Corvette legacy. Addressing the "flipping" trend, GM rolls out ownership requirements, ensuring Z06 lands in the hands of true enthusiasts.
GM Authority sheds light on GM's initiative: New Z06 owners must:
- Sign an ownership tenure agreement.
- Retain their Corvette for six months post-delivery.
- Understand that early sales can impact future Corvette reservations and void certain warranties, albeit product recalls remain unaffected.
"With GM's requirements, Corvette ownership is more than a title; it's about cherishing the drive."
Recall, GM's 2023 models like Corvette Z06 and Cadillac Escalade-V had a 12-month hold, later revised to 6. While the 2023 Corvette Z06 came with Chevrolet Rewards, the 2024 Corvette is charting its unique journey.
ACS Spotlight: Corvettes at Carlisle
August is an exhilarating month for us. As summer reaches its peak—pun not intended—enthusiasts are decking out their Corvettes with new modifications. Corvette shows emerge everywhere, and the atmosphere is electric. One of the most anticipated events unfolds at the end of August: Corvettes at Carlisle in Carlisle, Pennsylvania.
We've been attending this event for nearly two decades. While the entire Corvettes at Carlisle experience is unforgettable, we aim to make your visit to the ACS Composite booth even more special.
This event stands out as we're hands-on, installing our products on your Corvettes. It's an unparalleled opportunity to have your car upgraded by the very team that designed and crafted the products. Why search for a professional installer when you can have the experts do it?
If you're on the hunt for a trusted installer and happen to be in the vicinity, mark your calendars for next year and plan a trip to meet us.
Take a moment to browse through some snapshots we captured during our brief respites:
