Friday Freakout

From this post by 56packardman:

No nonsense coffee

 

I do think much of America has become quite pretentious.

******************

Is the (alleged) impending release of the C8 Corvette hurting C7 sales? From this piece by corvetteblogger.com:

 

Archived Monthly Corvette Delivery Statistics
Year Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Total
2018 1,005 1,351 2,101 — 5,758 — — 4,639 — — 3,910 — 18,791
2017 1,263 2,081 2,460 2,756 2,535 2,612 1,930 1,748 1,506 1,345 2,565 2,278 25,079
2016 1,501 2,116 2,753 3,142 2,673 2,483 2,159 3,063 2,829 2,626 1,941 2,709 29,995
2015 2,127 2,605 3,785 3,469 3,514 2,807 2,794 2,725 2,572 2,526 1,952 2,453 33,329
2014 2,261 2,438 3,480 3,514 3,328 2,723 3,060 2,679 2,467 2,959 2,378 3,552 34,839
2013 908 980 1,053 974 905 853 671 655 831 3,929 2,527 3,005 17,291
2012 629 927 1,376 1,396 1,219 1,475 987 1,210 1,351 1,167 1,104 1,291  14,132
2011 721 955 1,163 1,454 1,304 1,299 1,291 936 1,147 946 910 1,038 13,164
2010 854 624 955 1,089 1,428 1,405 1,199 1,135 1,109 1,011 836 979 12,624
2009 842 1,027 1,183 1,407 1,643 1,396 966 746 1,585 1,154 952 1,033 13,934
2008 2,015 2,071 2,692 3,190 2,904 2,082 1,870 4,242 2,318 1,170 1,093 1,324 26,971
2007 2,234 2,784 3,158 3,227 3,300 2,377 2,377 2,877 2,837 2,484 2,438 2,914 33,685
2006 2,579 3,058 3,655 3,516 3,317 2,938 2,794 2,990 3,056 2,761 2,773 3,081 36,518

 

The reason 2018 doesn’t have all of the months reported is that GM has moved to a quarterly reporting of sales instead of monthly. Ford has done the same thing. By the way, 2018 was the fourth consecutive year with total US vehicle sales of 17+ million units; of course, more than 70% of those “units” were not cars. BOO!

Every year of the C7 generation (2014-present) has seen declining sales although the decline seems to be accelerating faster than the actual car. From just the second quarter of 2018 to the fourth quarter sales declined by almost a third. 2014 and 2015 had months where sales were almost as high as the fourth quarter of 2018.

I’m sure General Motors/Chevrolet are not happy with these numbers. Remember that the Corvette has come close to extinction on more than one occasion. I think these numbers create extra pressure to get the C8 out as soon as possible, but that risks quality issues. Not even America’s legendary Corvette is immune from the effects of the sea change in the vehicle market in the US. For the nth time I offer the opinion that America’s obesity is the number one reason for the change.

 

See the source image

From newcars.com a picture of a 2018 Corvette.

******************

I titled this post Friday Freakout before I almost lost the post. In importing the chart of Corvette sales I forgot to hit a couple of hard returns first in order to leave space for the chart. Once I pasted the chart I could not get the cursor to move anywhere below it so I could not continue with the post. AI, my ass! I had to copy what I had written before the chart to the clipboard and start over. Feh!

******************

The Bricklin mentioned in yesterday’s post sold for $8,800 all in at the Mecum auction in Kissimmee, Florida. That means it hammered at $8,000. The buyers premium may seem insignificant at these levels, but when the hammer price reaches tens of thousands or hundreds of thousands of dollars, it is NOT insignificant. In allocating resources to bid on the car I want at the upcoming Barrett-Jackson auction in Scottsdale I had to “raise” substantial additional capital in order to account for the premium. Let me quickly add that given this car is being sold on “Super Saturday” it is unlikely I will be successful in buying the car.

It is probably more than 90% likely I will buy my restomod instead of building it. Expert advice from people like Steve Dallas has nudged me in that direction based primarily on the fact that I will save time and money by buying instead of building. Since I certainly don’t possess an infinite amount of either I must bow to the realities of the situation. I have dreams, but I live in the real world.

 

#somanycarsjustonelife

#disaffectedmusings

#havedreamsbutliveintherealworld

 

If you like this blog please tell your friends and share the blog URL (https://disaffectedmusings.com). Thanks.

Addendum: Given that I am a numbers nerd I could not help putting these Corvette sales figures into a spreadsheet. This is a disturbing table if you are a Corvette fan or are GM/Chevrolet:

Year Q1 Y/Y Q2 Y/Y Q3 Y/Y Q4 Y/Y Total Y/Y
2018 -23.2% -27.1% -10.5% -36.8% -25.1%
2017 -8.9% -4.8% -35.6% -15.0% -16.4%
2016 -25.2% -15.2% -0.5% 5.0% -10.0%
2015 4.1% 2.4% -1.4% -22.0% -4.3%
2014 178.1% 250.1% 280.4% -6.0% 101.5%
2013 0.3% -33.2% -39.2% 165.6% 22.4%
2012 3.3% 0.8% 5.2% 23.1% 7.4%
2011 16.7% 3.4% -2.0% 2.4% 4.3%
2010 -20.3% -11.8% 4.4% -10.0% -9.4%
2009 -55.0% -45.6% -60.9% -12.5% -48.3%
2008 -17.1% -8.2% 4.2% -54.2% -19.9%
2007 -12.0% -8.9% -8.5% -9.0% -7.8%

 

Basically, except for the one-year/four-quarter spurt associated with the release of the C7 for model year 2014, Corvette sales have been stagnant or worse for more than a decade. Can the C8 even save the Corvette?

 

 

 

 

 

 

 

Advertisements

4 thoughts on “Friday Freakout

  1. No need to freak. Sales numbers are related and relevant but do not reflect actual profits. The number that would solidify that the Corvette needs saving is P/L. If GM is still making money manufacturing Corvette’s then the car hardly requires saving by a new model. Two seat sports cars are a limited number in general and declining in sales worldwide. This is not specific to GM or the Corvette.

    Like

    1. Jim, many thanks for your thoughtful comment. Of course if GM/Chevrolet can continue to turn a profit on the Corvette then its future is safer. However, declining sales make profits more difficult and amortizing a new design means a good sales number is an imperative.

      Like

  2. I had no idea the numbers are so grim for the Corvette. Doncha just know the bean counters that dominate GM would love to kill this car off!

    A belated “Thank You” for the link to my blog! 🙂

    Like

Comments are closed.