 Volt construction starts November 11
Dealers will find out how many they will get on November 17
One
of the most anticipated green vehicles around is the Chevrolet Volt.
The Volt is an extended range hybrid vehicle that runs all the time
on electric power. The gasoline engine is only used to produce
electricity to run the car when the batteries lack sufficient power
alone.
Translogic reports
that the Chevy Volt is set
to go into production on November 11. So far, the launch
date of the Volt is said to be in November based on people familiar
with the schedule. Dealer allocation is set to be posted on November
17. Dealer allocation will let dealers in the initial launch areas of
California, Michigan, and Washington D.C. know how many Volts they
can expect on the lot.
GM plans to build 10,000 volts by the
end of 2011 and then up that number to 30,000 units in 2012. At that
level of production, the plant where the Volt is built will be
producing 24 finished vehicles per day. GM finally offered the
official price for the Volt in July pricing
the car at $41,000 (before a $7,500 tax credit). Some dealers who
will be selling the Volt immediately started adding "market
adjustments" to the MSRP of the Volt bringing the price
up to $61,000 after markup.
With some dealers tacking
$20,000 onto the already high MSRP of the Volt, AutoNation, which
owns 230 dealerships around the country, told its 27 Chevrolet
dealers that they will sell
the Volt at MSRP or face contract termination. GM has made
no official statements on the possibility of dealers charging much
more than MSRP for the vehicles.
Market
adjustments are not uncommon in the automotive industry. Ford
dealerships routinely add thousands of dollars to the price of the
Shelby GT500 and the PT Cruiser saw plenty of dealer markup early in
its life when it was actually popular.
"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007
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