GM will offer the final production example of the C7 Corvette at the Barrett-Jackson Northeast sale in Connecticut on June 28.
All proceeds will go to the Stephen Siller Tunnel to Towers Foundation, named after NY firefighter Stephen Siller, who died during the 9/11 attacks. The foundation builds mortgage-free accessible smart homes for injured service members and helps pay off the mortgages for families of first responders killed in the line of duty.
“The sale of this iconic Corvette will help the foundation continue its good work, and pave the way for the Next Generation Corvette that we will introduce on July 18,” said GM CEO Mary Barra.
It won’t be built alongside the C8 after all
GM’s announcement puts to rest previous reports suggesting that production of the C7 Corvette will continue alongside its hotly-anticipated successor, which will adopt a mid-engine layout for the first time in the history of the model.
The company has been actively trying to sell as many C7 Corvettes as possible, with Chevrolet offering big discounts and zero-percent financing on 2018 models. GM has been reportedly producing more C7 Corvettes than it can sell lately, leading to swollen inventories at dealerships across the country.
Many C7s sitting at dealer lots
Back in February a report said that there’s an extraordinary 232-day supply of brand new C7 Corvette models across the US, with over 9,000 examples sitting in dealers.
We reached out to GM asking when exactly the production of the C7 will end, as well as when will they start building the C8, but they politely declined to share the information. “We are not providing any details related to production and launch timing at this point,” a spokesperson told us.
The next generation Corvette will be unveiled on July 18.