I mean, gosh – it’s got a 40 mile range on electric, and then when you’re battery runs out, you’ve got that 1.4 liter engine that kicks in, and gives you mileage like a Civic (that you can get for $20K).
I don’t know about you, but if I had 40 grand to spend on a car, I’d go for one of the dozens of brand-new to three-year-old Chevy CORVETTES that are available on eBay. Or a nice pickup truck. But that’s just me: I’m not looking to impress anyone with how small my carbon footprint is.
Let’s face it: the market is just not there for the quantities of these cars that Wile E. Obama and the rest of the ACME Economic Destruction Co. want to be sold. Even with the huge subsidies (supplied by you and me, dear fellow taxpayer), they’re just not that attractive to people who don’t know if the economy is going to collapse before they finish paying for the thing. And, the subsidies are pretty much guaranteed to produce the unintended consequence of surpluses. I think GM’s got a surplus of Volts – unless Obama can find another gubmint agency to buy some more (by that article’s reckoning, the government’s purchases by one agency to prop up Volt sales resulted in $75 million in GM losses – there’s a formula for success, right?).
General Motors Co. said sales of its plug-in hybrid Chevrolet Volt fell for the third straight month, but the Detroit automaker emphasized that retail sales were climbing.
GM said sales of the Volt fell 4.3 percent in May to 1,607 and are up just 1.4 percent in the first five months of the year to 7,157 — or 100 more than the first five months of 2012. In April, Volt sales fell 10.7 percent to 1,306 and were down 35 percent in March.
Volt sales on a retail basis have been up month-over-month, Don Johnson, vice president of sales and service for Chevrolet brand, said during a sales call Monday with analysts and reporters.
He said the car has had a “much steadier cadence” than it had last year and that some competitors have been “pretty dramatic” in their pricing.
“Right now, we’re going to keep an eye on the segment,” he said when asked if the company had any plans for price changes on the Volt.
But lower prices has prompted one rival’s success.
Nissan Motor Co. said sales of its all-electric Leaf were up more than 300 percent over May 2012 and have now surpassed Volt sales for the first five months of 2013. Nissan sold 2,138 EV Leafs in May and has sold 7,614 for the year — nearly double what it sold in the same period last year.
In January, Nissan said it was cutting the price of the entry-level Leaf 18 percent to $28,800 for the 2013 model.
Honda Motor Co. said last week it will reduce the price to lease its electric vehicle, the latest move by automakers to jumpstart sagging sales.