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Notwithstanding GM's Protests, No One Wants The Chevy Volt
Forbes ^ | September 19, 2012 | Patrick Michaels

Posted on 09/19/2012 1:26:43 PM PDT by jazusamo

After Reuters’ claim that GM was losing $49,000 per vehicle on the Chevy Volt, former GM CEO (and Volt developer) Bob Lutz came to its spirited defense at Forbes.com with an article titled “The Real Story on GM’s Volt Costs”. One of the things he didn’t specifically address was sales.

Not to put too fine a point on it, for the umpteenth time concerning the Volt, GM is playing fast and lose with the facts.

GM is giving away rent-a-Volts. While the claim of 2800+ sales in August is certainly enough to still the Volt’s critics, at least until Election Day (which is all that really matters to the current management), that number is an automotive Potemkin Village, concealing enough rot to make any czar, car or otherwise, proud.

With additional subsidies from GM (that would be you and me), Chevrolet dealers in August were offering two-year Volt leases for as little as $250 down and $199/month. Fully 2/3s of the “sales” were leases, leaving around 925 cars that were truly sold. Prior to the giveaway leases, GM says that 40% of 2012 sales were also leases. The number remains the same—an average of about 925 cars really sold each month for this year.

Automotive News recently reported that the feds have purchased 182 Volts so far in 2012. Now we’re down to 900 real sales per month.. Corporate (fleet) sales are conservatively estimated at 5% of the total, putting the consumer number closer to 850.

Don’t forget that the Department of Defense has committed to buying 1,500 of these wallet-hogs. These aren’t combat vehicles and will no doubt largely wind up in some Colonel’s driveway.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: bailout; chevyvolt; gm; governmentmotors; leases; obama; taxcredit
Government Motors will be calling Bob Lutz out again as well as auto sites on the receiving end of GM advertising money. They'll have their long knives out to slice this writer to shreds but I believe Pat Michaels has the truth on his side. :-)
1 posted on 09/19/2012 1:26:49 PM PDT by jazusamo
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To: jazusamo

Smart people will go with FORD.Its simple,NO BAILOUTS!


2 posted on 09/19/2012 1:35:36 PM PDT by HANG THE EXPENSE (Life's tough.It's tougher when you're stupid.)
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To: jazusamo

Smart people will go with FORD.Its simple,NO BAILOUTS!


3 posted on 09/19/2012 1:35:49 PM PDT by HANG THE EXPENSE (Life's tough.It's tougher when you're stupid.)
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To: HANG THE EXPENSE
Photobucket
4 posted on 09/19/2012 1:47:15 PM PDT by Irenic (The pencil sharpener and Elmer's glue is put away-- we've lost the red wheel barrow)
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To: jazusamo
BOYCOTT
GOVERNMENT
MOTORS

Ripped off investors and bond holders.

Extorted the taxpayer.

Violated contract law.

Rewarded the union goons who were responsible for their demise.

GM - NEVER AGAIN.

5 posted on 09/19/2012 1:57:02 PM PDT by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: jazusamo

Isn’t Chevrolet building a Malibu Hybrid Eco in addition to the Volt? How is that model selling?

From what I understand, this version starts off about $10,000 to $15,000 less than the vastly overhyped Volt model.

And you can limp home in the event of near-complete battery discharge.


6 posted on 09/19/2012 2:03:10 PM PDT by alloysteel (Something like 95% of the personal woe in this world is self-induced.)
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To: alloysteel

IIRC the Malibu Hyrid was discontinued a couple years ago, it really bombed.


7 posted on 09/19/2012 2:09:19 PM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: alloysteel

Yep.

In June 2009, General Motors announced that it will stop making mild hybrid versions of the Chevrolet Malibu.

General Motors cited poor sales of the Chevrolet Malibu Hybrid as the reason for cutting the car.


8 posted on 09/19/2012 2:14:22 PM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: HANG THE EXPENSE

I really wanted a Chevy Suburban, GMC Acadia or another Jeep Grand Cherokee, but I’ll buy my next SUV from Ford.


9 posted on 09/19/2012 2:14:39 PM PDT by carriage_hill (Liberals, democrats & unions - and all leftist scum - are like bacteria: attack, attack, attack!)
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To: jazusamo
When I see Jeff Gordon, Tony Stewart, Jimmy Johnson, Kasey Kahn, Dale Earnhardt, Jr, Jeff Burton or Ryan Newman drive a Volt to victory Lane, then I'll buy one.

I think you'll see a Volt winning a race when it is between another Volt -- or a beat up Yugo (thou I think the Yugo might win!)

10 posted on 09/19/2012 2:31:11 PM PDT by ExCTCitizen (Yes, Obama, I had help with my business. MY CUSTOMERS!)
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To: AAABEST
"Ripped off investors and bond holders.

Extorted the taxpayer.

Violated contract law.

Rewarded the union goons who were responsible for their demise. "

Should be a Rommney stump speech.

The Kenyan must go.

11 posted on 09/19/2012 2:31:31 PM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; ONE BOX LEFT!)
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To: jazusamo

Wrong again

http://www.caranddriver.com/reviews/2013-chevrolet-malibu-eco-first-drive-review


12 posted on 09/19/2012 2:33:20 PM PDT by nascarnation (Defeat Baraq 2012. Deport Baraq 2013)
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To: nascarnation; alloysteel

Thanks nascar, I didn’t look far enough and had no idea they had a 2013 model.

Story I found.

http://www.hybridcars.com/compacts-sedans/chevy-malibu-hybrid.html


13 posted on 09/19/2012 2:42:05 PM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: HANG THE EXPENSE

“Smart people will go with FORD.Its simple,NO BAILOUTS!”

Maybe so, but they’re still owned by the UAW, and I will NEVER buy a car made by people that hate their job, hate their company, and hate their country (or at least elect leaders that do).

Ford can STUFF IT.


14 posted on 09/19/2012 2:46:47 PM PDT by BobL (You can live each day only once. You can waste a few, but don't waste too many.)
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To: jazusamo
they knew that before the it was designed...
15 posted on 09/19/2012 3:12:47 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: carriage_hill

Glad to hear that.Enjoy your new ride.


16 posted on 09/19/2012 5:02:20 PM PDT by HANG THE EXPENSE (Life's tough.It's tougher when you're stupid.)
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To: Irenic

That says it in a nutshell.


17 posted on 09/19/2012 5:03:33 PM PDT by HANG THE EXPENSE (Life's tough.It's tougher when you're stupid.)
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