Discharge - Chevy Volt Receives $5,000 Price Cut

[snide]

DailyTech - Chevy Volt Receives $5,000 Price Cut (http://www.dailytech.com/Chevy+Volt+Receives+5000+Price+Cut/article33120.htm)

http://images.dailytech.com/nimage/2014-Chevrolet-Volt-006-medium.jpg


Chevy Volt Receives $5,000 Price Cut
Brandon Hill (Blog) - August 6, 2013 3:39 AM

The Volt's new MSRP is $34,995

Earlier this year, Nissan slashed the price of its all-electric Leaf hatchback by $6,000 to spur sales. Last month, Ford countered with a $4,000 price reduction on its Focus Electric hatchback, bringing it down to $35,200.

Now, it's General Motors' turn as it lops $5,000 from the base MSRP of the Chevrolet Volt. As a result, the new price of entry for the plug-in is $34,995. That price still makes the Volt more expensive than the Leaf ($28,800), but the Volt has the advantage of an onboard 1.4-liter gasoline engine/generator that allows the vehicle to keep on truckin' once its 38-mile all-electric range is exhausted (total driving range is 380 miles).

The Volt still qualifies for a $7,500 federal tax credit (and some states like California pile on even more incentives), so the price of entry could fall to $27,495 or even lower depending on the state you live in and your current tax situation.

The Volt has long been the whipping boy of critics due to its high price tag and GM's past bankruptcy proceedings, but that still hasn't stopped the vehicle from posting modest sales gains year-over-year (11,643 Volts have been sold for the first seven months of 2013, up 9.2 percent from the same period last year).

“We have made great strides in reducing costs as we gain experience with electric vehicles and their components,” said Don Johnson, VP of Chevrolet sales and service. “In fact, the Volt has seen an increase in battery range and the addition of creature comforts, such as a leather-wrapped steering wheel and MyLink, since its launch in 2010.”

Back in April, GM reported that Volt drivers are averaging roughly 900 miles between trips to the gas station. Brent Waldrep, a Volt owner from Michigan, amazingly managed to drive 23,000 miles with only two stops to a gas station.

Today, GM is reporting that Volt owners have a logged a total of 364 million miles, 225 million of which were on battery power alone.

GM was also quick to point out that it was able to cut the price of the Volt without removing any standard features from the vehicle. And it should also be noted that GM has already stated that it will be able to reduce the cost of building the next generation Volt by $7,000 to $10,000. Perhaps by that time, we could see a base price of $29,995.

[DAB]

Shocking.

[Mike Mercury]

are my taxes going up then ?

[Norm]

They won't listen to the common folk, just the PC crowd, so you have your end result........failure.

[RED-85-Z51]

If they had built the concept car, with its har lines and bold styling...theprice would be more easily digested. but...they built a ****ing bland camry-esque thing..


http://www.eldergadget.com/wp-content/uploads/2012/01/ChevyVolt.jpg

[DJ_Critterus]

It's still $34,995.00 + dealer fees + shipping + tax, tag,title worth of shit.

[Cybercowboy]

I actually saw one on the road the other day, the first one I had ever seen driving around Joplin.

[Mike Mercury]

My brother just bought a Volt; it was a GM execs "evaluation vehicle". It has about 2500 miles on it; though my brother is registered as the vehicles first "real" owner.

I haven't seen it yet; though I've always liked the Volts looks - over the prissy Prius.

What's the final word on GM's bailout.... are they now 100% clear of everything that was a part of the bailout ?

[WalkerInTN]

Kinda makes me wonder about GM pricing if they can cut the price by 5K without losing any features on the car, yet still make money.

Also a kick in the nuts to everyone that already bought one. They paid 5K too much!

[Stangkiller]

35 ****ing grand? Nope still not interested.

[Yamma]

It still doesn't help the fact that it looks like the car version of an aztec.

[Y2Kvert4me]

Kinda makes me wonder about GM pricing if they can cut the price by 5K without losing any features on the car, yet still make money.A 5 month supply of new inventory rotting away on lots is making a lot less money.

This is a damage control move.

[StaticCling]

It still doesn't help the fact that it looks like the car version of an aztec.

And that's pretty much across the board for all manufacturers making hybrids/electrics, outside of Fiskers and stuff. They all look pretty much stupid. It's like the executives and designers get together and intentionally make an ugly vehicle to see if it will sell.

[StaticCling]

The azztec has more usefulness than the dolt...er volt.

Thing is, I like the concept of using little to no gas and the idea behind the volt.

The cost just kills it for most people who are in the market for that size/type of vehicle.

I can get a Corolla, Elantra, Focus or Honda Civic for much less new. And even better deal one or two years off and still get good MPG.

Volt just doesn't have any financial value for the average joe market.

Just my .02. :cheers:

Totally, it just isn't that practical.

[WalkerInTN]

A 5 month supply of new inventory rotting away on lots is making a lot less money.

This is a damage control move.

If GM had priced the car more reasonably to start with, they might not have a 5 month surplus now.

[Y2Kvert4me]

If GM had priced the car more reasonably to start with, they might not have a 5 month surplus now.No argument there.

[C5SilverBullet]

My brother just bought a Volt; it was a GM execs "evaluation vehicle". It has about 2500 miles on it; though my brother is registered as the vehicles first "real" owner.

I haven't seen it yet; though I've always liked the Volts looks - over the prissy Prius.

What's the final word on GM's bailout.... are they now 100% clear of everything that was a part of the bailout ?

Only going to cost the US about $5 billion.

[jaxgator]

And that's pretty much across the board for all manufacturers making hybrids/electrics, outside of Fiskers and stuff. They all look pretty much stupid.

I agree but I'd definitely drive this...

http://www.teslamotors.com/sites/default/files/imagecache/galleriffic_slide_960x640/model-s-sigred-front3qtr_960x640_0.jpg

[Mike Mercury]

If GM had priced the car more reasonably to start with, they might not have a 5 month surplus now.

http://www.tim-yvonne.com/gif/bell1.gif

and... they've already been discounting the Volt - about this same amount - for the past 10 months.

the GM marketing suits determined that having to sell a new car well-below sticker... sends a sign to the buying public that the car isn't all that great, and that there must be something wrong with it.
The "suits" decided to simply lower the MSRP the amount of the discount already given - to then fool the public into thinking it was popular; selling well at/near sticker.

good gawd I hate those types :nonod:

[C5SilverBullet]

I agree but I'd definitely drive this...

http://www.teslamotors.com/sites/default/files/imagecache/galleriffic_slide_960x640/model-s-sigred-front3qtr_960x640_0.jpg

I see a couple every day, and they look awesome.

[DJ_Critterus]

Kinda makes me wonder about GM pricing if they can cut the price by 5K without losing any features on the car, yet still make money.

Also a kick in the nuts to everyone that already bought one. They paid 5K too much!

They must be raising prices elsewhere to offset their required extortion payments to the UAW.

[DJ_Critterus]

The azztec has more usefulness than the dolt...er volt.

Thing is, I like the concept of using little to no gas and the idea behind the volt.

The cost just kills it for most people who are in the market for that size/type of vehicle.

I can get a Corolla, Elantra, Focus or Honda Civic for much less new. And even better deal one or two years off and still get good MPG.

Volt just doesn't have any financial value for the average joe market.

Just my .02. :cheers:

I've always wondered the savings you get charging that car at home vs. burning gas, too.

[Ryan Bell]

http://gifrific.com/wp-content/uploads/2012/06/Boy-That-Escalated-Quickly-Anchorman.gif

[RED-85-Z51]

Except that the aerodynamics sucked donkey balls on the concept car.

IIRC they said it might get better aerodynamics going backwards than forwards. :funny:

Yep, here's old Bob Lutz making a statement about it.

Lutz: Chevy Volt aero might have been better if we put it in the wind tunnel backwards (http://green.autoblog.com/2007/11/14/lutz-chevy-volt-aero-might-have-been-better-if-we-put-it-in-the/)

But lets be real..look at who is buying..er..not buying the car and why. asthetics is everything when justifying the price of a car. Its hard to swallow the price, when it looks unappealing, and bland. Id wager that, if it took a 5mpg kick in the balls ,but looked like the concept, it would sell better.

[73sbVert]

They could make it FREE and I still wouldn't get one. It's an ugly car, poor performance, crappy ROI, and overall a bad investment. Yes even for free.

Thanks, but no thanks. :ack:

[Joecooool]

Neighbor has one, his office is in town about 15 miles away. He told me the other day at 14,000 miles, he was still on his second tank of gas.

[snide]

Neighbor has one, his office is in town about 15 miles away. He told me the other day at 14,000 miles, he was still on his second tank of gas.

Can't complain about that!

[73sbVert]

Neighbor has one, his office is in town about 15 miles away. He told me the other day at 14,000 miles, he was still on his second tank of gas.

How much did his electric bill go up? And does his work subsidize his charging while there?

[mike100]

It's still $34,995.00 + dealer fees + shipping + tax, tag,title worth of shit.

Actually, there is still a $7500 federal tax credit and an additional $1500 CA one for the one with the Cali calibration. That's $9000 for a total of $26k and that's not even figuring in any dealer negotiated discounting. Basically a very average and typical car price.

The two problems (not counting electric bill issues):
1) resale??? if they keep dumping these cars on the market, nobody will buy a used one- you will own that thing for the whole amount paid damn near.

2)you still have to pay tax and lic. for the full purchase price and the tax credit doesn't come around until you do your taxes next year.

[StaticCling]

I read somewhere it's not good for the gas to sit too long in the tank. Not sure how true that is though.

If it was affordable, I could put it in consideration for a commuter, to/from work vehicle.

It's true. Gas does go bad.