DETROIT – Basic Motors will finish manufacturing of the Chevrolet Camaro in its present type early subsequent yr, because the automaker transitions to all-electric automobiles.
The Detroit automaker didn’t announce a alternative or subsequent era of the automobile, however it stated the present sixth-generation muscle automobile is not going to be the “finish of Camaro’s story.”
“Whereas we’re not asserting a right away successor at the moment, relaxation assured, this isn’t the top of Camaro’s story,” Chevrolet Vice President Scott Bell stated in a launch.
The present automobile entered manufacturing in late 2016 however has produced mediocre gross sales in a declining section of American-made efficiency automobiles.
To commemorate the Camaro’s finish of manufacturing at a GM plant in mid-Michigan in January 2024, the automaker will launch a “collector’s version” bundle on a number of 2024 Camaro fashions, together with the top-end ZL1.
GM stated extra info on the collector’s version will likely be introduced at a later date. An organization spokesman declined to reveal whether or not GM plans to make use of the Camaro identify for an EV, because it seems to be to completely provide electrical automobiles by 2035.
The Camaro is a part of a shrinking section of American efficiency automobiles with V6 and V8 engines, as automakers transition to all-electric automobiles.
Gross sales of the Detroit automakers’ mainstream efficiency automobiles such because the Chevrolet Corvette and Camaro, Ford Mustang, and Dodge muscle automobiles peaked at greater than 394,000 automobiles in 2015, in response to business researcher Edmunds. Gross sales of the automobiles have declined since, together with an almost 50% drop for two-door coupes such because the Challenger, Camaro and Mustang from that peak to July 2022.
Most of the automobiles have advanced to supply smaller engines with much less energy, however they will nonetheless carry a stigma as noisy, gas-guzzling automobiles. There’s additionally elevated competitors from automakers outdoors Detroit, together with EV makers; a transfer by customers away from automobiles to extra sensible crossovers; and a possible change in efficiency tradition.