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Monday, November 28, 2022

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2023 Chevrolet Corvette Z06 production numbers increased

The headlines say Chevrolet has re-opened order books for the 2023 Corvette Z06 after closing them in July. Those headlines should come with asterisks. What the small print explains — and should have always explained, even here — is that GM gatekeepers lowering the drawbridge means practically nothing for anyone who didn’t get on a dealer list a long time ago. When GM stopped taking orders in July, it stopped taking names off of dealer’s lengthy lists of reservation holders. The production process seems to be going better than planned, so “re-opening the order books” means GM has increased the number of cars it plans to build for the 2023 model year and has asked dealers to submit more names for orders to fulfill. A GM spokesperson told Motor1, “We had previously shared with dealers and the public that we had accepted enough Z06 orders to fill the number of Z06 production slots we had for calendar year 2022, so we stopped elevating dealer orders to accepted orders that the plant would build. Now we are saying we’re going to accept more dealer orders to continue filling the pipeline of Z06 production through the end of model year 2023.” 

We don’t have any details to explain any of this nor put it in context. GM didn’t reveal its initial production estimate, and it hasn’t said how many orders it will add to the previous mysterious number. It was thought GM’s conservative production window had to do with a supply constraint, but even that’s not clear. We don’t know how many reservations there are, either, although a thread at Mid-Engined Corvette Forum lists more than 100 dealers and suggests just eight of them have easily more than 6,000 reservations combined. One dealer would only say its reservation list was “out to 2025.”

GM built 39,940 of the C7 Z06 from 2014 to 2019, averaging a touch under 8,000 units per year. Dealers know this, so for one to say they’re booked until 2025, the order rolls must be relatively staggering. There’s no reason for dealers to be in a hurry to get cars built, either, with some charging anywhere from $35,000 to $100,000 over the base $106,395 MSRP per vehicle according to posters.

As for verified production, Corvette Blogger wrote a week ago that 41 customer Z06 orders have been built as of the end of October, 22 of them the 70th Anniversary Editions. On top of that, it’s said 216 Z06s have been built for GM’s Captured Test Fleet used for proving and data capture. The first customer deliveries have been made, including Rick Henderson acquiring the first one off the line, a Carbon Flash 70th Anniversary Edition he bought for $3.6 million at a charity auction in January of this year.

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