[EXCLUSIVE] GM Cancels Remaining 2021 Corvette Orders for June Allocation

Just released to Chevrolet dealers, GM has announced that the June allocation cycle for 2021 Corvette production has been cancelled

As per GM communication to Chevrolet dealers just a short time ago:


To:  All Chevy Dealers, Dealer Principals, General Managers, and Inventory Managers

From: Chevrolet
Subject:  Statement MY21 Corvette Production – Withdrawal of June Outlook Guidance
 
 
In order to maintain start of production for the 2022 model year Corvette Stingray in late Q3, and as a result of continued unplanned part shortages not related to the industry-wide semiconductor availability issues, General Motors has had to make an adjustment in the number of Corvette Stingrays available for the 2021 model year.
 
As a result, we are withdrawing our June “Outlook” estimate as published in the most recent allocation guide. We are not planning on canceling any accepted 2021 model year Corvette Stingray orders (event code 3000 and above). Additionally, as we move into the third model year of the mid-engine Corvette, we will evolve to the Available Days’ Supply (ADS) allocation methodology used for all Chevrolet allocation groups, eliminating the need for any special allocation guides.
 
Q&A:
Q: You have said a few times that you are experiencing temporary part shortages. What parts are affecting production?
A: We’re not going to get into specifics other than to acknowledge this is NOT related to the industry-wide semiconductor shortage.
Q: How many vehicles did you have to remove from the build plan?
A: We do not provide specific volume and production estimates for any of our vehicles.
Q: What does this mean for customers who are below event code 3000?
A: They will have to consider placing an order with the dealer for a 2022 model year Corvette Stingray depending on where they are in the ordering process.
Q: How many customers will have to switch their orders to a 2022 model year Corvette Stingray?
A: Customers are going to have to work with their individual dealer to determine whether they will need to order a 2022 model year Corvette Stingray.
Q: Will MY 22 C8 allocation move to ADS like all other Chevy allocation groups?
A: Yes, for the third model year of the mid-engine Corvette, model year 2022 allocation will evolve into the Available Days’ Supply (ADS) allocation methodology like all other Chevy allocation groups.
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