Print 31 comment(s) - last by Lord 666.. on Sep 4 at 7:54 PM

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.

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: It Burns a Hole in the Pocket
By Spuke on 9/2/2010 12:42:13 PM , Rating: 2
Yes, the rich are the most likely people to purchase this vehicle initially, but they make up a relatively small percentage of the population.
Although rich people do buy $40k cars, that price range is not just made up of rich people. People tend to forget that there's a whole range of incomes under 1 million smackers. I can afford the Volt and I am not anywhere close to being rich. All you need are two, possibly degreed, professionals with a few years under their belt. There are 10's of MILLIONS of Americans that fit that bill. BMW and Mercedes EACH sell 20k cars a month. For perspective, VW sells the same amount of cars per month (those sales exclude Audi).

Rich people cars are 911's and V8 Audi's. Cause that's what I see when I drive through rich people neighborhoods. Do I see other cars? Sure, people drive what they want to but when the 911 count goes up, I know I'm in a wealthy area.

By Reclaimer77 on 9/2/2010 4:18:51 PM , Rating: 2
I agree Spuke. I'm not sure the "rich" care about saving money on gas.

And yes, the 911 count is the ultimate indicator, I agree :D

RE: It Burns a Hole in the Pocket
By Nfarce on 9/2/2010 4:37:52 PM , Rating: 2
Exactly. I paid $37k for an Infinity G35 four years ago which are a dime a dozen around greater metro Atlanta. Today, a fully decked out Maxima stickers for over $41k. Shoot even the new Ford Taurus SHO pricing starts at $38k and an optioned out Camry Hybrid stickers for $35k. And you can't even touch a new full sized SUV like a Tahoe, Nissan Armada, or Expedition for under $40k.

These cars are in the driveways of middle and upper middle class households - far from the "rich" people. But then again, some politicians in Washington feel that if your household earns over $150k/yr, you are somehow "rich."

RE: It Burns a Hole in the Pocket
By Nfarce on 9/2/2010 4:40:08 PM , Rating: 2

But then again, some politicians in Washington feel that if your household earns over $150k/yr

Read that as if your household earns about $150k/yr

By Lord 666 on 9/4/2010 7:54:26 PM , Rating: 2
Agreed about the 911. Up until 6th grade I thought "everyone" owned a 911. Even my first car was a used 911. Lasted one year before someone ran a stop sign an ran into me.

I can buy one now, but rather put my money towards my kids. Around where I live, those V8 Audi's are corporate leases. Anyone who knows cars and finances wouldn't go near one with a lease using their own money. The residuals suck.

"I want people to see my movies in the best formats possible. For [Paramount] to deny people who have Blu-ray sucks!" -- Movie Director Michael Bay

Most Popular ArticlesAre you ready for this ? HyperDrive Aircraft
September 24, 2016, 9:29 AM
Leaked – Samsung S8 is a Dream and a Dream 2
September 25, 2016, 8:00 AM
Yahoo Hacked - Change Your Passwords and Security Info ASAP!
September 23, 2016, 5:45 AM
A is for Apples
September 23, 2016, 5:32 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki