Print 26 comment(s) - last by Ammohunt.. on Jun 13 at 3:09 PM

It's also offering financing and leasing incentives

Chevrolet Volt sales have been a little slower than expected over the past few months, so General Motors (GM) is offering incentives to pick up the pace. 

GM announced that it would take $5,000 off the 2012 Volt and $4,000 off the 2013 Volt. This is in addition to the $7,500 federal tax credit. The Volt can also be purchased with zero percent financing for 48 months, and the driver receives $3,000 in cash off the price.

For those leasing a Volt, GM is offering it for $269 a month for 36 months, with $2,399 due at signing. 

All of these new incentives run until July 1, 2013. 

Just last week, it was reported that Chevrolet Volt sales were down three months in a row compared to the same three months last year. Volt sales dropped 4.3 percent to 1,607 in May; fell 10.7 percent to 1,306 in April, and tumbled 35 percent in March.

However, Volt sales are up 1.4 percent (or about 100 vehicles) in the first five months of the year to 7,157 compared to the first five months of 2012. GM said Volt sales on a retail basis have been up month-over-month. 

GM is likely trying to keep up with rivals, which are also offering incentives for their own vehicles at this time. For instance, Nissan slashed the entry-level price of the Leaf 18 percent to $28,800 back in January. 

Leaf sales passed those of the Volt with a total of 7,614 for the first five months of this year. Nissan sold 2,138 Leafs alone in May -- a 300 percent increase over its sales in May 2012. 

Other electric vehicle makers are cutting prices as well, such as Honda (Fit EV lease dropped from $389 to $259 per month) and Ford (Focus EV lease dropped from $350 to $285 per month and base price was cut $2,000 to $37,995). 

Last month, GM announced that it expected the next-generation Volt to be profitable and cost $10,000 less to build. 

GM is expected to announce features and pricing for the 2014 Volt this month, which is likely another reason for the incentives for older generations of Volts. GM needs to clear its inventory, which is at a 140-day supply right now, according to Chevrolet spokeswoman Michelle Malcho. The Detroit News said this is more than double what is considered "healthy." 

Source: The Detroit News

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By Cheesew1z69 on 6/11/2013 11:02:44 AM , Rating: 4
Not enough...

RE: Still.....
By BillyBatson on 6/11/2013 12:38:54 PM , Rating: 1
110% agree. I've said it before and I will say it again this is one ugly over priced car that polluted the environment much more than they want you to think. There is a reason why see are slow and it's not just because of the entry cost.

RE: Still.....
By aurareturn on 6/11/2013 2:55:10 PM , Rating: 2
Am I doing the math right?

$39,145 MSRP - $7,500 credit - $5,000 incentive - $3,000 cash = $23,645 total with 0% APR?

RE: Still.....
By Cheesew1z69 on 6/11/2013 3:02:57 PM , Rating: 2
That 7500, as others has pointed out, unless you pay more than 7500 at the end of the year, it means nothing. Correct me if I am wrong.

RE: Still.....
By Shig on 6/11/2013 3:37:52 PM , Rating: 2
The Nissan Leaf is surging (for an EV) after it's recent move to American manufacturing and got a price drop.

Like others have said, the Volt is too expensive for what you get. The Nissan Leaf is a good 3-4 year lease option as your hedge against rising gas prices.

RE: Still.....
By Cheesew1z69 on 6/11/2013 3:39:06 PM , Rating: 2
Taxes that is...

RE: Still.....
By Samus on 6/11/2013 3:42:51 PM , Rating: 2
I'm looking at leasing the Leaf EV for $260 a month. I think buying an EV at this stage is pretty bad idea since the technology is changing so fast. The Leaf has improved fuel economy from the 2011 to 2013 model +30% by changing to a liquid cooling system. Things will only improve: aerodynamics, drivetrain efficiency, battery technology, etc.

RE: Still.....
By aurareturn on 6/11/2013 4:50:38 PM , Rating: 2
Well, I do pay more than $7.5k in taxes every year so it should benefit me.

$23k with 0% APR is a great deal for a Volt in my opinion. You can hardly get a decent new Civic for that price nowadays.

RE: Still.....
By lelias2k on 6/11/2013 5:16:32 PM , Rating: 2
You'll be financing $31k, and next year you'll get a $7500 tax credit.

RE: Still.....
By TSS on 6/12/13, Rating: 0
RE: Still.....
By BRB29 on 6/12/2013 8:30:35 AM , Rating: 2
You americans amaze and disgust me at the same time. You could really buy a volt with a clear conscience because "it's a good deal". Failing to see it costs your fellow americans $15,500 in tax payer money (tax credit is still lost tax revenue) to sell a car that would never turn a profit at double the quantity of demand.

Your brain cells are disgusting. I suppose we should let all the Volts rot and the billions of funding lost?

Tax credit is not lost tax revenue. You seem to have no knowledge or understanding of macroeconomics.

The $7500 goes to the consumer that pays the automaker. That money can be taxed because it is revenue to a business. It is also used to pay the employees whose income is also taxed.

RE: Still.....
By marvdmartian on 6/12/2013 7:57:52 AM , Rating: 2
Agreed. Even allowing the $5000 rebate, taking the $7500 off the top (instead of just having it as a tax break on your income), and a 2% loan for 60 months, and including TT&L, the payments are over $500/month.

In reality, since you won't get handed $7500 credit (but will instead only be able to take that off your taxable income), the payments on a 5 year loan, at 2% interest, would be over $630/month.

Sorry, but that's simply NOT affordable!

RE: Still.....
By Mint on 6/12/2013 9:55:00 AM , Rating: 2
Stop making BS arguments. The only difference in the tax credit and regular savings is the time value of that year.

Make it a 72-month loan initially ($35k @ 2% => $516/mo), and make a one-time $7500 extra payment in May next year, and your loan gets paid off by Mar 2018 (i.e. less than 60 months from today).

Not affordable? Drive 25-35 miles on electricity for 25 days a month, and you save $70/mo in fuel cost. If you can barely afford $500/mo for a Volt, then for a non-plugin you can only afford $420/mo, i.e. a $24k loan.

So what $24k car is as good as a Volt?

RE: Still.....
By BRB29 on 6/12/2013 7:17:51 PM , Rating: 2
At 24k, the car is undeniably a good deal however you look at it.
At its original price, it is not worth looking at.

RE: Still.....
By Dr of crap on 6/13/2013 12:32:51 PM , Rating: 2
Any other one!

By Ammohunt on 6/11/2013 11:55:59 AM , Rating: 2
How about tripling is range then maybe they would have a value proposition. Right now the volt is an over expensive feel good car for hippies with money.

RE: Incentive
By flyingpants1 on 6/11/2013 10:10:37 PM , Rating: 2
Uh no. Lol. If you commute 35 miles each way and charge at work, that's 18,200 cheap electric miles per year. Very few people ever drive more than that in a day, that is a fact. Tripling the volt electric range is not necessary since you can just use the gas backup for a road trip..

RE: Incentive
By BRB29 on 6/11/2013 11:56:04 PM , Rating: 2
I don't know of anyone with a 35 mile commute to work unless they work in another city which is rare. Usually 35-50 miles is all a person drive a day.

With work and school in different cities, I still only manage to pack 300 miles a week.

A volt should do fine. If its EV mode can be doubled to about 75-80 miles then nobody should even touch the ICE until a long road trip.

RE: Incentive
By Cheesew1z69 on 6/13/2013 9:48:48 AM , Rating: 1
I don't know of anyone with a 35 mile commute to work unless they work in another city which is rare. Usually 35-50 miles is all a person drive a day.
And this is the kind of idiotic posts this moron makes.

"I don't know" - well, guess what, LOTS OF PEOPLE DRIVE OVER 35 MILES EACH WAY EVERY DAY... just because you don't know anyone doesn't mean it DOESN'T HAPPEN. Seriously, you need to stop with your idiot posts.

And "Usually 35-50 miles is all a person drive a day." - Please, keep showing how stupidly ignorant you are, it's amusing.

RE: Incentive
By Ammohunt on 6/13/2013 3:09:52 PM , Rating: 2
Tripling the volt electric range is not necessary since you can just use the gas backup for a road trip..

Why would i do that when i can get a prius for a third of what a volt costs before subsidies and not have to worry about plugging my car in. The case for EV uptake has yet to be made.

Great Car, a bit expensive admittedly
By foxalopex on 6/11/2013 1:17:33 PM , Rating: 2
I own a 2013 volt and so far it's been a great experience. For a hybrid, you can drive with a lead foot and beat most cars off the lights because most folks won't want to waste their fuel over it. It is faster than the Prius. On the highway, the Volt is most effective for passing people on hills due to the massive electrical boost to the gas engine. In my area power is 7 cents a KWH which means a charge on a completely empty battery is about $1 a day. I got my car in December of 2012 and despite the brutal winters in Canada (we often see -10 F or worse weather), I ended up seeing 80 mpg. I then went on a 3000 mile cross-country trip and saw the mpg drop to 50 mpg due to heavy gas use. Now that I'm back home however I haven't fueled my car since the trip since the +40 battery only miles I'm getting in the summer here is enough for all my daily trips. I'm gradually seeing the mpg creep back up and am back to 56 mpg and rising. The only maintenance I'm worried about is rotating the tires and oil is at 62% life after 6200 miles on the lifetime odometer. So a very impressive car so far.

The car cost about $42,000 in Northern Ontario after rebates / taxes / shipping so I admit it wasn't cheap but it was definitely worth it to me. I had always wanted an EV, but being my only car we don't have the charging network or the weather to work with an EV. A regular EV can't cross-country here and with our winters the battery would likely freeze over without a gas engine.

The Volt is simply the closest you can get to a full EV car without any limitations. It goes without saying that being able to do all that will cause it to cost more. So yes, the Volt is expensive but I wouldn't fault GM for building it. Unfortunately cheap sells and technology not so maybe this isn't a surprise. So GM has had to offer a rebate to match it's competitors. Not because the Volt doesn't work but because ironically on a technology site, folks are complaining that technology costs too much. Go figure.

RE: Great Car, a bit expensive admittedly
By Nutzo on 6/11/2013 6:49:10 PM , Rating: 2
Almost anything is faster than a Prius.

I'd rather drive my Camry hybrid, faster, more room, more reliable, cheaper and longer range on a full tank than your Volt.

By foxalopex on 6/12/2013 9:58:39 AM , Rating: 2
I owned an 05 Corolla before I got my Volt so I am not entirely unfamiliar with Toyota's products before. The Camry seems somewhat bland in styling compared to the Volt. There is definitely more room although if you wanted a lot of room I think the Prius V is roomier.

Reliability is debatable because there's no history on the Volt yet. My Corolla was very reliable except at some point in it's history the water pump sprung a leak. So I wouldn't call them indestructible. So far tracking the volt ownership forums most breakdowns that users have experienced are due to collisions which would wreck any car.

Short range fuel mileage for the Volt is definitely better than Camry which is mostly what folks will be doing with their cars. My round-trips in the summer are under 40 miles which means I'm fully on electric. And at a cost of 7 cents / kwh ~ 13 kwh for a charge you're looking at less than $1 a day to run it. Running the numbers for actual gas usage at 40mpg for the volt and I'm guessing about 50mpg for the Camry (being generous). Your daily travel would need to consistently exceed 80 miles to beat the volt at fuel milage. So yes while you fuel up less on long distance trips, in city use, I definitely visit the gas station less. (If at all at times. (I've gone for months without needing gas.)

While the Camry is slightly faster at drag racing, I doubt it corners quite like the Volt does. Low center of gravity and a slightly stiffer suspension system means that the Volt drives a bit more sporty compared to most cars. And driving on pure electricity or in any EV is just smooth in ways that's hard to explain. Plus as I've discovered, when I don't drive the full 40 miles in town in a day, I can floor the car all I like and not suffer much in the pocketbook. A normal hybrid will burn a lot more gas if you abuse it. Electricity is cheap after all.

Typical big 3 pricing
By BRB29 on 6/11/13, Rating: 0
RE: Typical big 3 pricing
By Cheesew1z69 on 6/11/2013 12:23:50 PM , Rating: 2
Way to kill your image on an emerging market.
Way to not know wtf you are talking about, as usual.

I don't understand something
By alpha754293 on 6/12/2013 1:15:27 PM , Rating: 2
DISCLAIMER: The views and opinions expressed here are solely that of my own and are not representative of Ford Motor Company or its affiliates.

Why do they keep lumping the Volt, which is a PHEV, in with other pure EVs?

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