backtop


Print 73 comment(s) - last by BifurcatedBoat.. on Jul 18 at 6:54 PM

GM has only sold 390 ELRs so far this year

Many people laughed out loud when General Motors priced its Cadillac ELR plug-in hybrid car at $75,000. The laughter grew even louder when GM pitched the ELR as a logical competitor to the BMW 6-Series Grand Coupe.
 
Well, there was definitely no laughter coming from GM once the dismal sales numbers for the coupe started rolling in. Through April 2014, only 241 ELRs were sold. Through June 2014, that number had only risen to 390 vehicles. GM was so desperate to move the vehicles that it offered $5,000 in incentives (per vehicle) just to get people to test drive the car along with $3,000 in incentives for buyers and lessees.
 
Today, we’re hearing about even more bad news for GM with regards to the ELR — or good news if you’re still in the market to purchase one. Transport Evolved is reporting that one Cadillac dealership in Maryland is offering up to $13,600 in discounts on the ELRs just to get them off the lot.
 

 
Likewise, dealerships in Austin, Texas and Bradenton, Florida are offering up to $12,000 off the vehicle. Also keep in mind that the a $7,500 federal tax credit is still in effect (if you qualify) in addition to various state credits/rebates that are available. Combine the $7,500 federal tax credit with the $13,600 discount from the Maryland dealership, and you’re looking at over a $20,000 price cut on a vehicle that hasn’t even been on the market for a full year yet.
 
As some of our commenters have pointed out, $55,000 is probably still too much to pay in their minds for what is essentially rebodied Chevrolet Volt with a plush interior.
 
While GM is still struggling to find buyers for its ELR, Tesla Motors is having no trouble selling its $69,000+ Model S electric sedan. For Q1 2014, Tesla sold 6,457 Model S sedans and is expecting global deliveries of 35,000 vehicles for all of 2014.

Updated 7/11/2014 @ 3:34PM
A Cadillac dealership in Ellicot City, MD is actually offering up to $18,985 off new ELRs, which is actually quite... shocking.

Sources: Transport Evolved, GM-Volt.com



Comments     Threshold


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

Example
By Tupoun on 7/11/2014 2:12:48 AM , Rating: 2
This is one of the examples, why I don't see almost any of US cars being sold in EU. I see European, Japanese, Korean, etc. cars all over Europe, but to find a car made in the USA is a very rare occasion (mostly some veterans from fifties or once in a while some muscle cars). Big, expensive, "sworn enemy" of any curve and of course bad manufacturing - I was admiring the only US car in my town (pop. slightly over 100.000) I know about, the new cool looking Ford Mustang, and I was in an awe when I saw the interior and those materials. The last time I had seen such a cheap looking plastic "thingies" in a car of this cost it was still 1980's in Europe. Love the design mostly, the rest ...




RE: Example
By Just Tom on 7/11/2014 12:40:56 PM , Rating: 3
quote:
This is one of the examples, why I don't see almost any of US cars being sold in EU.


I see three choices here: you don't get out much; you need new glasses; or you don't know an American car when you see one. Ford and GM account for 15% of new car sales in the EU. If you're not seeing American cars it is because you don't want to see American cars. Heck, Ford was the second most popular brand in November '13, after VW.

http://www.telegraph.co.uk/finance/newsbysector/in...

http://www.best-selling-cars.com/europe/2013-full-...


RE: Example
By Tupoun on 7/12/2014 6:25:35 AM , Rating: 2
I'm sorry, totally missed Ford - no excuse for this, but not GM. GM is mainly represented by Opel (in Britain sold under the Vauxhall brand) and this is, and in my mind always was, German company owned by Americans and not US company (for me it's in no way US car maker). If I should mention Chevrolet, this brand is represented here only with old good re-branded Deawoo cars, nothing really American there.

So yes, one US car maker is quiet common in Europe - Ford. The rest is represented only marginally. But anything really made in USA ? Here? No way, most of the Fords are made in Europe as I am aware of. Cars made in Japan, Korea etc. are pretty common as much as the European cars of course, but no real representation of the US manufacturing, proudly bearing "Made in the USA".


"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki