Early this morning Consensus opened and allocation numbers were released for the first round of 2022 Corvette orders
Updated: 07-23-2021 – 8:30 AM ET
Originally Published: 07-22-2021
Consensus for the 2022 Corvette model year opened at 7am this morning and Chevy dealers across the country are learning what their first round of allocation numbers will be.
Some dealers are reporting that their allocation numbers are more than expected while others are surprised at how low they are. According to Chevrolet’s dealer consensus deck released this morning, the first round of 2022 Corvette orders is for production “through” the week of September 27th.
According to the latest released of GM’s 2021 MY Build-Out Buildout and 2022 MY Start-Up Information to dealers this morning, official dates for the end of 2021 Corvette production and beginning of 2022 Corvette production are still not defined as shown in the image below:
Changes in How Corvette Allocation is Determined
As we reported at the beginning of June, Chevrolet is moving to an “Available Days’ Supply” (ADS) allocation methodology used for all Chevrolet allocation groups, eliminating the need for any special allocation guides. However, now, 2022 Corvette allocation numbers are being based on a dealer’s 12-month rolling Corvette sales numbers.
That means that a dealer’s Corvette allocation numbers just released today were 50% determined by their Corvette sales numbers from June of 2021 – June of 2020 as well as 50% of their ADS. However the ADS time frame is the big question mark and here’s why.
If the ADS time frame is spanning the exact same time frame as the previous year’s sales numbers, that could work against a dealer rather than help them.
We just spent well over a year stuck in a pandemic with a lot of local and government businesses being shut down. Over the last year, dealers have had a difficult time trying to get Certificates of Origin from GM as well as new cars registered and insured for customers. As a result, sold-order Corvettes have had to sit on a dealer’s lot much longer than they would have during the pre-pandemic days.
While businesses and supply chains have drastically improved over the last few months with the disbursement of COVID-19 vaccines, hopefully, the ADS time frame will be based upon the previous one-month time frame, rather than a twelve-month time frame.