The Chevy Camaro ran on a tight average inventory throughout April due to the global semiconductor shortage.
According to Cox Automotive, the average inventory level for the Chevy Camaro last month was 11 days. It was a similar case with the in-demand Chevy Corvette, which also ran on a tight 11-day supply for the month. Unlike the Camaro, however, the Corvette inventory shortage isn’t related to the chip crisis, but rather high demand and various other parts shortages and production setbacks.
Chevy has struggled to maintain its usual level of inventory supply for the Chevy Camaro due to lengthy and recurring shutdowns at the GM Lansing Grand River plant in Michigan where the sports coupe is built. The Lansing Grand River plant, which also builds the Cadillac CT4 and Cadillac CT5 sedans, is currently under a temporary shut down due to a semiconductor shortage and will remain offline until at least June 28th. The Lansing Grand River facility was also closed throughout March and April before coming back online for a brief period between May 3rd and May 10th and then going dark once again.
GM has been prioritizing more popular and profitable models than the Camaro amid the semiconductor shortage, like the Chevy Silverado and GMC Sierra pickups and full-size SUVs like the Chevy Tahoe and GMC Yukon.
In its Q1 earnings report, GM rival Ford cut its vehicle production forecast for Q2 2021 by 50 percent and predicted the chip supply shortage could extend into 2022. GM predicts its financials will feel the brunt of the impact of the chip shortage in Q2 before recovering in the second half of the year as chip production eventually catches up to demand.