Chevrolet Volt sales have declined 4.3% in May to 1,607 compared to a year ago. Meanwhile, EV sales industry-wide have increased 8.2%. And for the first five months of this year, the Volt trails both the more expensive, larger Tesla Model S and the smaller, cheaper Nissan Leaf in sales. Both of which are pure electric cars.
Coincidentally or not, Chevrolet is sweetening the deal on the Chevy Volt, cutting the MSRP of the 2013 model by $4,000, and $5,000 for leftover 2012 models. Meanwhile, the leasing deal has been revised to be a $269 monthly payment for a 36-month lease, but with $2,399 due at signing.
It’s widely known that GM is losing money on the Volt. But currently, Chevrolet dealers have mustered a 140-day supply of Volts in total, and they have to make room for the upcoming 2014 model-year Volt, as well. Regardless, the next-generation model is expected to arrive at a much more attractive MSRP, while offering far greater electric range, as GM stays committed to the Volt program.