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Chevrolet Volt
GM wants to sell lots more Volts

General Motors hasn't exactly been burning up the sales charts with its Chevrolet Volt extended range electric vehicle. However, the auto giant hopes to increase the sales figures for the Volt significantly this year.

The Washington Post claims that GM hopes to build 36,000 Volts and other plug-in hybrids for delivery during 2013. That represents a 20% increase compared to 2012.

Analyst Jim Hall from 2953 Analytics said that 36,000 is "probably a doable number." He added, "It will have a full calendar year in Europe." The analyst also believes that the fact that the Volt is now eligible for the California carpool lanes will also help increase sales.

GM struggled to sell the Volt during some months of last year, but blamed poor sales during November on a lack of inventory for the vehicle.

“We had some on and off starts with the assembly plant,” said GM marketing director Christi Landy said. “California, which is our strongest market, was selling great then they would have no products. They’ve run out of products probably three or four times in the last 12 months, it’s been very frustrating.”
The second vehicle to use the Voltec platform in the U.S. will also launch shortly. The two-door Cadillac ELR is set to debut later this year, but its price of entry will likely be much higher than the Volt’s $39,145.

Source: The Washington Post

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By TSS on 3/1/2013 4:45:29 AM , Rating: 2
Overpriced? I think not!

It currently costs GM "at least" $75,000 to build the Volt, including development costs, Munro said. That's nearly twice the base price of the Volt before a $7,500 federal tax credit provided as part of President Barack Obama's green energy policy.

Other estimates range from $76,000 to $88,000, according to four industry consultants contacted by Reuters. The consultants' companies all have performed work for GM and are familiar with the Volt's development and production. They requested anonymity because of the sensitive nature of their auto industry ties.

So best case scenario. GM gets $47,500 per vehicle, costs them $76,000 to make. That's still a $28,500 loss per vehicle. If we then take all volts sold in the US from start through january 2013, 32,598 volts times $28,500 per volt.

Means GM has lost $929,043,000 - nearly a billion - on volt sales so far in the US alone. Best estimate. Not entirely impossible either since GM's biggest loss was $38,9 billion in 2007.

This isn't strange either since GM - before being taken over by the government - always stated the Volt itself was a Engineering car and never ment to make them a profit. It was ment to pioneer the technology for the next "volt".

In comes the government "which can never fail" and suddenly the volt has to be a sales succes. Never mind that the more they sell the worse the company actually does, the government can't fail! We'll sell even more next year!

Honestly, i'd say if you can afford one get one, you definitly get the best tech at that price. Gas prices are only going to go up in the future, this car'll last you 10 years at least. The next car won't be better, just cheaper. And it must be cheap right now, production was halted twice in 2012 and they've produced almost 10k more volts then they've sold in total.

Not to worry about GM going backrupt again either. As long as this dictatorship is in power it won't be allowed to fail.

By Jeffk464 on 3/1/2013 5:13:40 PM , Rating: 2
If I remember Toyota was selling the prius for a loss when it first went on the market. They eventually figured out how to turn a profit on it. It could be the same thing happens here, future volt generations might end up being profitable.

By Dr. Kenneth Noisewater on 3/2/2013 9:03:01 PM , Rating: 2
Motors Liquidation got stuck with most of the development costs for the Volt. Motors Liquidation, aka "Old GM", is the entity that went bankrupt and had much of those legacy costs erased in Chapter 11.

Volt actually costs less to manufacture (minus those bankrupted-away sunk R&D and tooling costs) than it costs for the customer to buy, so accounting-wise each Volt sold is profitable to the "New GM".

They don't like telling people that though, since it reminds them of the highly unpopular bankrupcy and bailout.

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