Skip to comments.Consumers Reject Chevy Volt
Posted on 03/10/2011 5:59:18 PM PST by jazusamo
Part 4: GM by the Numbers
Last week, the Volt, GM's signature hybrid vehicle, turned in a lackluster performance in its first series of road tests by Consumer Reports. CR told Reuters on Monday that "when you look at the finances, [the Volt] doesn't make any sense." The publication went on to note that the Volt was "not particularly efficient as an electric vehicle and not particularly good as a gas vehicle... This is going to be a tough sell to the average consumer."
GM and the Feds are betting the farm - and their credibility - on the Volt. As Truth About Cars editor Edward Niedermeyer wrote last year in the New York Times, the history of the Volt was never about making a "best in class" green vehicle, it was always about making the bailout look palatable - whatever the cost. And according to Niedermeyer, it's quite a cost:
Start with the $50 billion bailout...add $240 million in Energy Department grants doled out to G.M. last summer, $150 million in federal money to the Volt's Korean battery supplier, up to $1.5 billion in tax breaks for purchasers and other consumer incentives, and some significant portion of the $14 billion loan G.M. got in 2008 for 'retooling' its plants, and you've got some idea of how much taxpayer cash is built into every Volt.
More troubling still is that the average American taxpayer who foot the bill for GM's massive bailout, isn't even getting a car they can afford. In 2009, Obama's Presidential Task Force on the Auto Industry reported that the Volt "will likely be too expensive to be commercially successful in the short term."
A Washington Post editorial last August echoed the sentiment, describing the Volt as far too expensive for average Americans and suggesting the only way to sell Volts, even to the well off, was with a large federal subsidy. It argued that that each Volt subsidy comes at the cost of federally supported income redistribution... to America's most wealthy.
But all of the bellyaching and criticism WILL be irrelevant if consumers actually embrace the new hybrid vehicle. How's it going so far? See below.
Buy 1 Get 1 FRee!
All that for 1000 sales. Amazing. We are doomed with these people running the country...Doomed.
Second glass of wine alert...
This boondoggle at Government Motors is the reason two of their top brass quit yesterday. Can anyone say, “Giant fail”? I knew you could....
LOL! That’s what it may come to.
Yes, I read that, they’ve got real problems with their top people.
Just pass a law requiring people to buy the car. That way it will become affordable.
A little “nudge” to help us stupid people go in the right direction.
No, they are betting our farm and "their credibility"
HaHaHaHaHaHaHaHaHa < POP > Oops, that was my gut. Gotta go now.
They couldn’t ‘pay me’ to have one.
To be fair it wasn’t rejected by just any consummers, it was rejected by people who intend to drive.
And those sales were with a $7500 rebate from the taxpayers.
A bigger failure than Cash for Clunkers. Can we get cash for this presidency?
Pray for America
What GM should do is take all the powerplant and drivetrain from the Volt and install it into an Aztek body.
This is a rejection of the FRAUDS running us into the ground.
Seriously, 1000 cars sold?!?! Yup, chart does not provide any conversion such as “in hundreds or thousands” :(
This was all predicted years ago.
Didn’t see this coming. Gosh.
I drive a 2000 Expedition. It is getting a few miles on it so I need to just take it back and forth to work and around town. I will soon be getting a 2008 Expedition (extended), Eddie Bauer edition. I REFUSE to sacrifice my families safety and comfort.
I knew they were full of *bleep*.
Few people see the practicality of a way-overpriced, heavily-subsidized tin can that can get you to the grocery store and back, and that's about all.
And the same people who want millions of these things on the road don't want the new power plants and infrastructure necessary to support them. Idiots. Fantasy Land thinking.
That is graph is very unfair. February is the shortest month of the year. GM would have at least an extra five cars if it was a regular month.
What’s even scarier is that I read it as CFO the first time, and I haven’t even had any wine. ;)
Zero WANTS GM to fail.. Occams razor demands it Cloward-Piven proves it..
You nailed the whole fiasco in a very few words.
I don’t usually drink wine during the week, but I’m working on emails to State Farm and a plumbing company. It helps frame the proper attitude.
LOL! You’re right.
Consumers Reject OBAMA’s Volt
Electric cars have been around over 100 years and while battery technology has improved mightily, it just hasn’t eveolved to the point where elec vehilces can replace the internal combustion engine. I’ll bet it will never be viable.
I forsee a presidential executive order: Buy a Volt or get the electric chair!
Only the government would spend billions to produce a product that doesn’t work very well and no one wants to buy. GM was doomed from the day they got bailed out.
Lol. That sounds like a two-glasses-of-wine job, definitely. And btw, your first post was very funny!
Thanks, Have a great evening...
Quote: GM and the Feds are betting the farm - and their credibility - on the Volt.
1 - They are not “betting the farm” nor any farm whatsoever, they are betting your taxpayers dollars on this game!
2 - They may not be betting their “credibility” for they have none!
Conclusion - Game Over with one more “socialist experiment” based on YOUR TAX-PAYERS DOLLARS!
LOL!!! That's good.
I couldn’t agree more. Running around a small town for whatever would be fine though cost per mile will be outrageous when all costs are figured in.
The initial cost is out of sight and the only way to make that up is keeping it a lot of years. If you do keep it then you have the maintenance costs and replacement battery costs. It just isn’t feasible.
I’m still waiting for the pink “Energizer Bunny Edition” model to come out.
By golly I see a Government Motor Yugo in our collective futures.
I think they sold less than 700 last year.
I think FedGov is going to make it THE car to buy for government service. Post office, ICE, FBI...thousands and thousands sold.
Do you suppose it could have anything to do with the drummed up Obama IPO offering of GM last November at $34.19, which if you bought 10,000 shares ($341,900 + broker fee) would be worth $314,200 today? That's a nice 9% loss in just four months!
Does the CFO possibly know when the Government is going to dump their remaining shares and drive the price down another 10%??
It just occurred me a comparison...
There are some man, that have the Midas Touch - Everything they touch transforms into GOLD!
Your´s President have the SHIT TOUCH...
So they have spent 50+ billion and sold 1000 in three months.
Let’s be generous and say they sell 5,000 by the end of the year. That means each car cost $10 million dollars to make?
Is my math right here?
Me too. Another Obama scam.
Absolutely. The man is part of the fraud perpetrated against the American people.
The New Chevy Volt, now standard equipped with a 40 mile long extension cord. (Recommend to drive only on straight roads)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.