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2014 Chevrolet Volt gets massive price cut ($5000)
- SeanLuke 13y agoIs 12% massive? This seems an exaggeration. It might be worth mentioning that for the last year or so GM has had $4K incentives on the car anyway. So really, they're just cutting the price by $1K.
- JonFish85 13y agoJust guessing that the source may not be completely unbiased!
- Shivetya 13y agoIn a model year, sure. However this may be the last year before the refresh. With the Cadillac ELR coming out, it is a coupe on the same tech, there definitely needs to be more separation in price. Finally other cars in the category (green cars) while not exactly the same have had cuts as well. The Leaf by Nissan saw price drops once American production started. I don't know if the tax credit (7500) has a cutoff based on sales, previous incentives for some hybrids and diesels did. It most likely comes down to, we need to move these now, we need to get the numbers up to get better discounts, or just maybe the tech is maturing faster than expected.
- SeanLuke 13y agoThere is a cutoff but it's a long way in the future. The price cut here is to compete with the Leaf and to push out of the way of BMW's i3.
- umsm 13y agoThis is substantial when you consider that a few years ago GM has been losing money on each car they sold. I believe it was something like $200 per car...