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Strong demand for the Volt partly to blame for inventory issues

Chevrolet has been doing surprisingly well with sales of its Volt extended range electric vehicle. In fact, Chevrolet has repeatedly set sales records for the Volt this year. Back in August, Chevrolet set a single month sales record for the Volt and then beat that record again in October.

In November of this year, Chevrolet sold 1,519 Volt vehicles, which represented a 33% increase over November of 2011. However, the number of cars sold in November was roughly half the number Chevrolet sold in October and September when the company sold 2,961 and 2,851 Volts respectively.
Chevrolet says that the problem with sales declining isn't that demand for the vehicle is waning; it's that demand is too high. Part of the reason sales declined so much in November was due to low inventory that was felt particularly hard in California.

According to Don Johnson, Chevrolet VP of Sales and Service, the California market where GM sells 34% of all the Volts it produces recently had only an 8-day supply the vehicle. General Motors has been able to up production of the vehicle and currently has up to 23 days supply for California and about 60 days across the US. According to Johnson, that volume level is ideal.

General Motors has sold 20,828 Volts so far this year.

Another potential issue that could have contributed to low supply of the Volt was that the assembly plant where the Volt is produced was idled to retool for production of 2014 Chevrolet Impala. That plant idling combined with stronger-than-expected sales led to problems with inventory.

While General Motors struggles with supplies for its popular Volt, competitor Ford is doing very well with its new C-Max plug-in hybrid. Ford reports that it has sold 8,999 C-Max hybrids and C-Max Energi plug-in hybrids in only two months. The most popular region for the car is Southern California according to Ford. 

Sources: Detroit News, General Motors, Ford

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I Blame It On
By btc909 on 12/4/2012 4:02:47 PM , Rating: 1
It's ugly.
It's expensive.
It's a PITA to get into, especially the back seat.
It's a Cruze, not fooling anyone here.
Only seats 4.
It's a bailout company. Which will probably need another bailout.
Insurance costs can be expensive. Depends on carrier & discounts.

RE: I Blame It On
By spread on 12/4/2012 8:51:47 PM , Rating: 1
It's ugly.

It's prettier than that monstrosity the Prius.

It's expensive.

Depends on how you drive and what it's maintenance costs are. If you do plenty of stop and go or city driving or frequent driving closer to home the car will be cheap to run.

Don't be foolish and only look at the initial price of the car. That says nothing. What matters most is cost per year. How much is your TOTAL cost including everything.

It's a PITA to get into, especially the back seat.

Then slim down or something.

Only seats 4.

Most sedans this size seat 5. Not a huge difference.

It's a bailout company. Which will probably need another bailout.

Let's hope next time they are allowed to fail. In a free and just society public money wouldn't be used to prop up a failure of a company.

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