GM Hopes to Grow Volt Sales by 20% This Year
February 28, 2013 9:41 AM
comment(s) - last by
Volt plum ..
GM wants to sell lots more Volts
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.
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.
The Washington Post
This article is over a month old, voting and posting comments is disabled
RE: Related Headline: GM Hopes More People Buy Overpriced Things
Dr. Kenneth Noisewater
Dr. Kenneth Noisewater
3/2/2013 9:03:01 PM
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.
"We don't know how to make a $500 computer that's not a piece of junk." -- Apple CEO Steve Jobs
GM "Electric Car is Not Dead" Despite Mediocre Sales
January 17, 2013, 7:19 PM
Cadillac Unveils Production ELR Plug-in Hybrid Luxury Coupe
January 14, 2013, 3:01 PM
Chevrolet Blames Low November Volt Sales on Lack of Inventory
December 4, 2012, 1:13 PM
Study Predicts Self-Driving Vehicles Could Rake in Billions
March 6, 2015, 8:34 AM
Dual-Motor Tesla Model S P85D's "Insane Mode" Shocks Passengers
January 28, 2015, 11:18 PM
2016 Cadillac CTS-V Packs 640 hp Punch with 200 mph Reach
January 23, 2015, 3:25 PM
BMW Testing Tech to Allow Users to Auto-Park, Summon Cars Via Smartwatch
December 16, 2014, 9:30 AM
Lamborghini Offers Up $6,000 Leather-Bound Android Smartphone
December 12, 2014, 3:12 PM
Quick Note: GM Teases Next Generation Chevrolet Volt
November 20, 2014, 3:26 PM
Most Popular Articles
WSJ Report Implies That Google Leveraged Lobbying to Kill Antitrust Abuse Probe
March 25, 2015, 5:37 PM
Food Chemists at Italy's Barilla Claim to Have Perfect Instant Noodles w/out Frying
March 26, 2015, 4:25 PM
NVIDIA's Latest Windows 10 Drivers: Still Too Unstable For Primetime
March 24, 2015, 4:45 PM
Google Readies Gmail "Pony Express" to Combat Facebook's Messenger Payments
March 25, 2015, 11:43 AM
Apple CEO's Pledge to Give Away His Fortune is Worth More Than Face Value
March 27, 2015, 5:08 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information