May 7, 2024

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Chevrolet Corvette production parked this week owing to components shortage

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The Chevrolet Corvette Stingray is a person of the fastest-selling cars in the U.S. and GM won’t be able to make more than enough of them to retain up with demand from customers.

Corvette manufacturing has been suspended this week due to a components lack that is unrelated to the ongoing semiconductor chip lack affecting the automotive industry, Automotive Information reported.

It will be the third time the Bowling Inexperienced, Ky., assembly line has been paused considering the fact that February, subsequent many months of downtime last 12 months owing to pieces and COVID-19-releated issues.

GM has not disclosed which section or areas are in quick offer.

In accordance to a study of new motor vehicle sales by iseecars.com, it took just 9.2 days for sellers to transform their Corvettes in April, as opposed to an market-wide common of 48.3 times, placing it at the prime of the listing.

FOX Information Auto Opinions: CHEVROLET CORVETTE STINGRAY

Despite the deficiency of stock, Chevrolet bought 6,611 Corvettes all through the initially quarter of 2021, which was an improve of 73.1 from final 12 months.

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The iseecars.com report stated that the Corvette, which begins at $60,995, has been providing for an ordinary price tag of $87,390.

Generation is scheduled to resume on June 1.

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