Think GM's Volt is Failing? Think Again

  1. Welcome to GM Inside News Forum – General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
+ Reply to Thread
Page 1 of 6 123 ... LastLast
Results 1 to 15 of 87

Thread: Think GM's Volt is Failing? Think Again

  1. #1
    GMI Staff Member Premium Member zete's Avatar
    Join Date
    Dec 2005
    Location
    NCR, Great White North
    Posts
    8,855
    Thanks
    1
    Thanked 91 Times in 42 Posts

    Think GM's Volt is Failing? Think Again

    Think GM's Volt Is Failing? Think Again
    By Ted Reed
    theStreet.com


    DETROIT -- (TheStreet) -- October ought to have been a bad month for Volt. Gas prices were falling. Auto industry wisdom had it that with so many conventional cars closing in on 40 miles per gallon, why would anyone spend $30,000 for a compact? Also, the last month of the presidential campaign reinvigorated advocates of the political construct that anything government does -- particularly saving GM (GM) -- is bad.

    Nevertheless, Volt had its best month ever in October, selling 2,961 units. This broke the record, set in September, of 2,851 units sold. That broke the August record of 2,831 units. In fact, Volt sales have increased for six consecutive months. For the first 10 months of 2012, sales totaled 19,309. Sales totaled 7,671 in 2011 and 326 in 2010.

    :

    GM said six of 10 Volt sales are "conquest" sales to buyers who previously owned other brands: the top trade-ins are the BMW 3 Series, Honda (HMC) Civic and Prius. But Volt sales will likely slow this month due to low inventory after production is suspended for four weeks to allow for retooling so that GM's Hamtramck plant, where Volt is built, can also build the 2013 Impala.

    Volt's price is high because the cost of introducing new technology is high, but "we're working hard to bring it down," Cain said. "Each new generation should bring it down further and keep us on the road to profitability. (It takes time) to get experience with the technology, to get more efficient battery packs. You just can't miracle this stuff."

    More at link.
    Last edited by zete; 11-20-2012 at 04:16 PM.
    "Christians should not hold dumb opinions about the natural world based solely on misreadings of the Bible, especially opinions that can be demonstrably falsified by Reason, lest the Faith be subject to ridicule and mockery." -- St. Augustine of Hippo.

  2. Remove Advertisements
    GM Inside News
    Advertisements
     

  3. #2
    GMI Staff Member Premium Member zete's Avatar
    Join Date
    Dec 2005
    Location
    NCR, Great White North
    Posts
    8,855
    Thanks
    1
    Thanked 91 Times in 42 Posts

    Re: Thing GM's Volt is Failing? Think Again

    Yes, it's expensive, but it's nice to see that some people in the media are telling it like it is as opposed to calculating "loss per car" based on fictitious accounting methods or other idiotic means.

    November numbers will be interesting.
    "Christians should not hold dumb opinions about the natural world based solely on misreadings of the Bible, especially opinions that can be demonstrably falsified by Reason, lest the Faith be subject to ridicule and mockery." -- St. Augustine of Hippo.

  4. #3
    6.2 Liter LS9 Supercharged V8 camaro_freak's Avatar
    Join Date
    Dec 2004
    Location
    Indiana
    Posts
    5,593
    Thanks
    146
    Thanked 19 Times in 16 Posts

    Re: Thing GM's Volt is Failing? Think Again

    THING? please change title lol

  5. #4
    GMI Staff Member Premium Member zete's Avatar
    Join Date
    Dec 2005
    Location
    NCR, Great White North
    Posts
    8,855
    Thanks
    1
    Thanked 91 Times in 42 Posts

    Re: Thing GM's Volt is Failing? Think Again

    Quote Originally Posted by camaro_freak View Post
    THING? please change title lol
    So my fingers dropped a bit ...
    "Christians should not hold dumb opinions about the natural world based solely on misreadings of the Bible, especially opinions that can be demonstrably falsified by Reason, lest the Faith be subject to ridicule and mockery." -- St. Augustine of Hippo.

  6. #5
    2.4 Liter SIDI ECOTEC
    Join Date
    Oct 2009
    Posts
    259
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: Think GM's Volt is Failing? Think Again

    i love my volt, im so happy to see sales of this car taking off
    Pontiac was discontinued on April, 27th. AKA 427, the displacement of one of the best engines ever conceived.

    My Ride:
    2012 Chevrolet Cruze 1LT - 1.4Turbo

    Family:
    2012 Chevrolet Volt - Voltec
    1995 Suburban - 5.7L L05 V8 (CAI/Exhaust)
    1978 Oldsmobile Delta 88 Royale Coupe - Rocket 350ci V8

  7. #6
    6.2 Liter LS9 Supercharged V8 JBsZ06's Avatar
    Join Date
    Jan 2004
    Posts
    9,452
    Thanks
    7
    Thanked 152 Times in 101 Posts
    My Ride
    2008 black c6 z51 m6 NPP

    Re: Think GM's Volt is Failing? Think Again

    Volt is dam impressive. Good to hear sales are strong for this 40 thousand dollar vehicle. I realize their are tax incentives but anytime. A 40 grand niche vehicle sells this well...month after month it's a good thing

    Thanks for the report

  8. #7
    Firebird Concept (the turbine one) megeebee's Avatar
    Join Date
    Feb 2005
    Posts
    12,015
    Thanks
    413
    Thanked 233 Times in 131 Posts

    Re: Think GM's Volt is Failing? Think Again

    Honestly, I never thought of it as "failing". But the average person hearing and reading all the negative commentary in the media (especially from CERTAIN SOURCES), can be forgiven for thinking that is was.

    "Anyone who says money can't buy happiness doesn't know where to shop!"

    -Mrs. Thurston Howell III

  9. #8
    5.3 Liter Vortec V8 96RIV's Avatar
    Join Date
    Oct 2008
    Location
    "Funcie" Ball U
    Posts
    1,452
    Thanks
    28
    Thanked 41 Times in 24 Posts
    My Ride
    1996 Buick Riviera

    Re: Think GM's Volt is Failing? Think Again

    According to the article, it is the Honda Prius, and the 2013 Impala...

    Present Rides: 1996 Buick Riviera, 173,100 Miles
    Past Rides: 1995 Pontiac Trans Sport 210,000 Miles

    Buick, The American Riviera.
    Updated: 3-18-2014

  10. #9
    Banned
    Join Date
    Jan 2012
    Posts
    37
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: Think GM's Volt is Failing? Think Again

    Great news for the VOLT................I hope my local U.S. Representative reads this. He's a Chevrolet Cadillac dealer and constantly knocks the VOLT..........says he won't sell them and refuses to sell Corvettes. He also has a KIA/Hyundai dealership on his premises. He latest political ad says that the government was wrong in buying VOLTS to prop up General Motors.
    He, according to one of the other local Chevy dealers has directed Cruze buyers to an Elantra.

    This man should lose his dealership.............congressman or not!

    Delete this post if you wish.............but facts are facts!

  11. #10
    GMI Staff Member Premium Member zete's Avatar
    Join Date
    Dec 2005
    Location
    NCR, Great White North
    Posts
    8,855
    Thanks
    1
    Thanked 91 Times in 42 Posts

    Re: Think GM's Volt is Failing? Think Again

    Quote Originally Posted by 10shelby View Post
    Great news for the VOLT................I hope my local U.S. Representative reads this. He's a Chevrolet Cadillac dealer and constantly knocks the VOLT..........says he won't sell them and refuses to sell Corvettes. He also has a KIA/Hyundai dealership on his premises. He latest political ad says that the government was wrong in buying VOLTS to prop up General Motors.
    He, according to one of the other local Chevy dealers has directed Cruze buyers to an Elantra.

    This man should lose his dealership.............congressman or not!

    Delete this post if you wish.............but facts are facts!
    I think your representative perfectly fits that famous quote of Mark Twain's:
    Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.
    "Christians should not hold dumb opinions about the natural world based solely on misreadings of the Bible, especially opinions that can be demonstrably falsified by Reason, lest the Faith be subject to ridicule and mockery." -- St. Augustine of Hippo.

  12. #11
    2.8 Liter Turbocharged V6 StormHunter77's Avatar
    Join Date
    May 2005
    Posts
    763
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: Think GM's Volt is Failing? Think Again

    Quote Originally Posted by 10shelby View Post
    Great news for the VOLT................I hope my local U.S. Representative reads this. He's a Chevrolet Cadillac dealer and constantly knocks the VOLT..........says he won't sell them and refuses to sell Corvettes. He also has a KIA/Hyundai dealership on his premises. He latest political ad says that the government was wrong in buying VOLTS to prop up General Motors.
    He, according to one of the other local Chevy dealers has directed Cruze buyers to an Elantra.



    This man should lose his dealership.............congressman or not!

    Delete this post if you wish.............but facts are facts!
    ....

    So....

    a Congressman owns a dealership, and to make a point against Democrats, he refuses to sell the Volt and Corvettes (Whah?), but feels that it is perfectly patriotic to steer a customer to a Hyundai Elantra?

    Hold on.....I must be missing something. NO American cars, because Americans bailed out an American (and iconic) car company (and massive employer) because the decision to do so involved a Democratic President (and Republican one at first, if I remember 2008 correctly)....BUT, he thinks sending sales (and thus money) to a foreign manufacturer is somehow better.

    My brain can't handle this lack of logic. Someone help.

  13. #12
    4.4 Liter Supercharged Northstar Tre-Tre's Avatar
    Join Date
    Sep 2006
    Location
    Great White North Canada
    Posts
    2,880
    Thanks
    6
    Thanked 29 Times in 16 Posts

    Re: Think GM's Volt is Failing? Think Again

    I knew the Volt is an awesome game changer. All it would take is time and patience. The market has spoken and it's early.

  14. #13
    3.0 Liter SIDI V6 eastcoasthd's Avatar
    Join Date
    Jan 2005
    Location
    Mass.
    Posts
    632
    Thanks
    34
    Thanked 46 Times in 20 Posts

    Re: Think GM's Volt is Failing? Think Again

    Quote Originally Posted by StormHunter77 View Post
    ....

    So....

    a Congressman owns a dealership, and to make a point against Democrats, he refuses to sell the Volt and Corvettes (Whah?), but feels that it is perfectly patriotic to steer a customer to a Hyundai Elantra?

    Hold on.....I must be missing something. NO American cars, because Americans bailed out an American (and iconic) car company (and massive employer) because the decision to do so involved a Democratic President (and Republican one at first, if I remember 2008 correctly)....BUT, he thinks sending sales (and thus money) to a foreign manufacturer is somehow better.

    My brain can't handle this lack of logic. Someone help.
    One word, Wingnut!

    Mr. Kelly should tread lightly, selling automobiles maybe his only job in the not too distant future.

  15. #14
    3.6 Liter SIDI V6 Andrew L's Avatar
    Join Date
    Apr 2009
    Location
    St. Petersburg, FL
    Posts
    1,116
    Thanks
    14
    Thanked 13 Times in 11 Posts
    My Ride
    2004 Lincoln LS6

    Re: Think GM's Volt is Failing? Think Again

    My cousin in Las Vegas had a BMW 6 Convertible and she traded it in for a Volt this past summer. So far she is loving it. She would be considered one of those conquest sales.
    Current Car: 2004 Lincoln LS V6 Luxury Cashmere Tri-Coat
    3.0L Duratec V6 5 Speed Automatic with SST
    Previous Cars
    1994 Ford Econoline 150 Centaurus LTD Conversion Van Red and White
    351 V8 4 Speed Automatic
    1999 Mercury Sable LS Premium Toreador Red Clear Coat Metalic
    3.0L Duratec V6 4 Speed Automatic

  16. #15
    6.2 Liter LS9 Supercharged V8 Ed753's Avatar
    Join Date
    May 2005
    Location
    Michigan
    Posts
    5,322
    Thanks
    669
    Thanked 259 Times in 174 Posts
    My Ride
    2013 Chevrolet Silverado LTZ

    Re: Think GM's Volt is Failing? Think Again

    Just bringing a bit of perspective to the exuberance.............

    No mention of the $2,000~$3,000 of dealer cash that GM started in August (which aligns with the sales momentum)?

    Plenty of inventory; they made 1,214 in September, 1,710 in October, reduced inventory about 3,000 units, but isn't that what GM wanted to do?

    Also if you care, a different way to look at it; 30,706 made YTD - 19,309 sold YTD = 11,397 in Inventory, which is 4 ~ 5 months inventory.

    No excuses for a drop in sales, other than reduced demand.

    Interesting Comments:

    "I don't think Volt is where GM and Chevrolet want it to be," said Polk analyst Tom Libby. "They sold about 3,000 units in October, while the industry sold 1.1 million. They are getting volume up from where it was, but the number is very low relative to what it needs to be accepted and to meet GM production goals. Also, as a footnote, even if the number were to double to 6,000 a month, GM is still losing a lot of money."


    -----------------------------------

    "Volt's price is high because the cost of introducing new technology is high, but "we're working hard to bring it down," Cain said. "Each new generation should bring it down further and keep us on the road to profitability. (It takes time) to get experience with the technology, to get more efficient battery packs. You just can't miracle this stuff."


    -----------------------------------



    "The costs are very high because battery costs are still high and the whole architecture of the Volt is expensive," he said. "It has everything you put in an ordinary car, plus a more expensive and complicated transmission, a huge battery, and all the power electronics that go into controlling the battery. There is no way this kind of architecture will ever be as cheap as a pure electric vehicle or a pure internal combustion engine.

    However, "over time, battery costs come down," he said. "GM has made a lot of investment in bringing down battery costs and there are a lot of interesting technologies around. Then you start to talk about does it make sense economically (if) it pays for itself in a few years. "I don't want to come across as thinking this cannot work,"


    Past: 11 Ram 13-11; 10 Commander 13-10; 08 Sierra 11-08; 07 Rendezvous 10-07; 05 Ram 08-05; 04 Grand Cherokee 07-04; 03 F-150 05-03; 01 Silverado 03-01; 00 Jimmy 04-00; 99 Sierra 01-99; 96 Mustang GT 01-98;97 Ram 99-96; 96 Jimmy 00-96; 90 Escort GT 96-92; 89 Ranger 96-91; 84 Omni 92-89; 76 Malibu 90-89; 78 LeMans 94-88; 85 Escort 88-87; 82 Lynx 93-86; 75 Sierra 87-85

  17. Remove Advertisements
    GM Inside News
    Advertisements
     

Quick Reply Quick Reply

Register Now

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
Powered by vBadvanced CMPS v4.1.2