If you’re one of the proud few that threw down over $30,000 for a Chevrolet Volt, you might be in for a headache three years from now. According to Kelly Blue Book, the cutting-edge Volt will be worth only 42 percent (or $17,000) of its $41,000 MSRP in just 36 months from now.
For those crying foul, take note that the Toyota Prius sees a has a projected residual of 46 percent after just 36 months. KBB suggests that it has a lot to do with the added resale value of non-hybrid fuel efficient vehicles thanks to their increased demand (gas prices), and thus ruining the value for a more expensive hybrid or EREV. However we like to think it has something to do with the need to eventually replace the batteries on these vehicles, even though the Volt comes with an eight-year, 100,000 battery warranty. It also would prove our theory true if KBB sets an even lower residual for the all-electric Nissan LEAF later this year.
Source: Automotive News
Comments
Now all you have to do is get one of the 25,000 volt owners, who collectively have the highest owner satisfaction rating in GM history to part with his/her baby…. Good luck with that.
I believe that the growing demand for oil from China will tip the balance of fuel versus electric vehicles over the next five years. It would be great to save the United States a trillion dollars each year in oil imports. We could be back in the black again as a nation rather than spiraling deeper into debt. I would like to see the oil men out of National politics and I believe driving electric cars will help do that.