GM Reduces the Prices of Chevy Volt to Boost Sales


General Motors recently announced the slashing of prices of their Chevy Volt in a bid to boost the recently flagging sales. After the initial enthusiastic sales, this latest battery car model from GM is finally coming unplugged! The company is now offering buyers, $5,000 incentives for attracting them back to the showrooms.

With this bid GM becomes the latest automobile maker trying to increase the lagging sales of their electric car model. Nissan, its rival company found success early this year in increasing their battery car sales after a price slash on their Leaf BEV model. Both Chevy Volt and Battery-electric Vehicle Leaf entered the automobile scene almost 3-years ago amidst high expectations. Sadly, both have been missing their set sales targets consistently so far.

Notable exceptions among these battery-based models have been the Model S from Tesla. While lesser players can consider price slash as a viable option to keep surviving, this is not for established well-known automobile manufacturers. Companies such as Nissan and GM need to deal with performance pressure to a high degree and as such taking the easy way out is not for them.

California regulatory bodies have strict regulations in place whereby major makers need to contribute fixed number of zero-emission cars on the road. The good news in all this is that now a California car buyer can easily purchase a Chevy Volt for as low as $28,495. Base price for the car is $39,995 but buyers can get $4,000 reduction on 2013 Volt and a $5,000 off on 2012 models. Those leasing non-GM vehicles presently will get another $1,000 off on the overall prices.

Incentives to opt for Battery Operated Vehicles are too many. Federal Government offers $7,500 in tax credits and state offers another $1,500. Chevrolet is bringing down their lease prices to $269 per month, for successive 36-months on their Volt. The down payment on the vehicle is $2,399.

Back when it started out the sales of Chevy Volt was higher than other models of its ilk but even then, it was less than its own set targets. Initially the makers hoped to sell approximately 10,000 units in the U.S. market during 2011. Last year their target was even more ambitious of over 45,000 units. Presently the company is struggling with clearing a clogged inventory of over 9,000 Volt models, before fresh 2014 models start entering. The makers are promising more price slash in the coming times.