With a starting price tag under $60,000, it is no surprise that car enthusiasts are snatching up the 2020 Chevy Corvette Stingray C8 in a hurry, so much so that the car may be sold out for the production year very shortly.

According to Michael Simcoe, General Motors (GM) design chief, the 2020 Corvette C8 is just about booked up for the first year of production, Auto Blog reported. The announcement was made by Simcoe at the Concours d’Elegance of America on Sunday.

“I think the orders have already hit the first year of production numbers,” Simcoe said at the golf event.

When asked to elaborate on the orders, Simcoe told the news outlet that the C8 was “nearly sold out. It’s so close that it’s bound to be sold out soon.”

How many production models of the Corvette C8 Chevy will produce is unknown, but the automaker has been taking reservations for the 2020 model online as well as at the Concours d’Elegance of America.

According to Auto Blog, Chevy has surpassed sales of 30,000 Corvette models in past years, but it is unclear what the company’s target production numbers are for the 2020 car model, especially since the vehicle is standard equipped with a 490 to 495 bhp mid-mounted engine.

Shares of General Motors stock were up 0.18 percent as of 2:42 p.m. ET on Monday.

C8 Corvette
The 2020 mid-engine C8 Corvette Stingray by General Motors was unveiled during a news conference on July 18, 2019 in Tustin, California. Getty Images/Kevork Djansezian
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