$4,000+ Cut For Chevy Volt (Now)

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General Motors was quick out of the electric vehicle box with the Chevy Volt. The Volt vs Leaf (and plug-in hybrid electric vs 100% electric) duel has been a fun one for a long time now. However, with increasing competition, the Volt is not in its prime. Some substantial price cuts are now available that are surely aimed at staying in the competition and getting 2013 Volts off the lots before the 2014 model rolls in.

Some quick context: as I wrote yesterday (and as you can currently see in our “Hot Posts” box at the top of this page), the Leaf has edged ahead of the Volt in 2013 US sales, following a few solid months of crushing it (thanks to the price of the Leaf being cut to as low as $28,800 before incentives). But the Leaf isn’t the only vehicle competing with the Volt. In fact, you might contend it’s not even the main one. They are different types of cars — 100% electric vs plug-in hybrid electric (PHEV) — as noted above. Near the end of 2012 and in February 2013, Ford brought the Ford C-Max Energi PHEV and the Ford Fusion Energi PHEV. The cars have not been selling too badly, and are surely taking away some of the Volt’s sales.

So, how to get sales back up above the crowd? One obvious way is to drop the price of the vehicle.

Currently, on the Chevy Volt webpage, you can see that GM is offering $4000 off the 2013 Volt right up front:

Jay Cole at InsideEVs notes that there are bigger savings available from GM, as well:

Also available for many is $1,000 in bonus conquest dollars (that is of course provided you are currently leasing any of the competition’s products) – meaning many customers can walk into their local  Chevy dealer and receive $5,000 of the price of a new Volt, bringing the starting MSRP down as low as $34,145 (plus $895 destination) [sic]

Here are the deals which are effective in the month of June:

1. $2,000 off + 0% financing for 60 or 72 months
2. $3,000 off + 0% financing for up to 48 months
3. $4,000 off

…

Of course, many dealers are also offering their own reductions on 2013 inventory, so reports of customer’s receiving discounts upwards of $8,000 are now not uncommon.

Those are some pretty attractive deals. Given that the 2014 Volt is not supposed to add a bunch of hot new features, if you’ve been considering buying a Volt, now might be the time!