Chevrolet offers big discount for Corvette Z06 amid disappointing sales

Article by Christian A., on November 24, 2017

Even as Chevrolet is making a huge splash in the industry with the recent launch of the new Corvette ZR1, there may be trouble brewing. Chevrolet has announced huge discounts on its 7th generation Corvette, particularly the Z06. Why is this so? We’re thinking that this might have been brought on by the brand’s 20% overall sales drop in the first ten months of 2017.

Chevrolet has only delivered a total of 1,345 Corvettes this October, a 49% drop compared to the same month last year. Sales have been really bad since January up to October of 2017 as the company has only sold 20,236 units against 25,345 units sold last year. The less than stellar figures majorly contributed to this year’s 20% sales decline.

But then, the Corvette Z06 continues to be one of the most potent muscle cars in the market thanks to its 6.2–liter supercharged V8 engine that generates a massive 650hp (485 kW) and 650 lb-ft (485 Nm) of torque. Not to mention, Chevy offers its customers a choice between an eight speed automatic and a seven speed manual transmission.

What else is Chevrolet giving away aside from the big discount? The Corvette Z06 definitely has got more to give when it comes to performance, thanks again to its highly impressive sprint time that can go from zero to 60 mph or 0-96km/h in 2.9 seconds. It can, in fact, run faster than a Chevy Camaro ZL1 1LE. The Z06 can reach the quarter mile in as quick as 10.95 seconds when using the automatic and is also hailed to be one of the fastest cars in Nurburgring for having earned the record time of 7 minutes and 13.9 seconds last July.

Therefore, folks assuming the Corvette may soon suffer the same fate as the Dodge Viper are totally mistaken. If any, this huge clear out sale may only help Chevrolet finally get rid of the 2017 Corvette units from its inventory to make way for the possible arrival of the new generation Corvette C8. The rumored C8 as far as we know will bear the most important changes in the Corvette’s history after more than sixty years. One of these “changes” would be the “shift” from being a front engine to a mid-engine supercar.

On a final thought, if you’ve been considering adding a brand new Corvette to your holiday wish list, you may find this as the most ideal time to buy one. Especially since price cuts of up to $9,100 don’t come along very frequently. While the Z06 carries a hefty sticker price of $79,450, it’s nearly half the price compared to a Porsche 911 or a Mercedes AMG GT.

Source: 247wallst.com

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