New car shoppers looking to park the Chevrolet Bolt EV in their driveway will find a glut of 2020 model year vehicles left on dealer lots, per a recent study.
According to vehicle research website iSeeCars.com, nearly 70 percent of the current Chevrolet Bolt EV inventory are 2020 model year vehicles. According to the website, the average new model has 22.5 percent of its inventory remaining from the 2020 model year, but the Bolt is among those models studied with a much higher percentage.
According to the study, the Ford Escape has the highest percentage of 2020 inventory remaining among models examined at 90.4 percent, while the Ford EcoSport is second in the list at 71.3 percent. The Chevrolet Bolt EV is third with 68.9 percent, while the Ford Expedition and Ford Expedition Max are fourth and fifth with 61 percent and 59.2 percent, respectively.
“The Bolt had an impressive 26 percent increase in sales in 2020 over 2019, but still has a surplus of 2020 inventory,” said iSeeCars Executive Analyst Karl Brauer. “Dealers really want to move these outgoing model year vehicles and are steeply discounting them with up to $14,000 in incentives currently being offered.”
In the U.S., GM sold 20,754 units of the Chevrolet Bolt EV during the 2020 calendar year, up from the 16,418 units sold during the 2019 calendar year.
In addition to robust 2020 model year inventory for the Chevrolet Bolt EV, several other GM crossovers made the iSeeCars list, including the Buick Envision in tenth place at 51.1 percent, and the Chevrolet Trax in eleventh place at 48.6 percent.
“The Buick Envision was redesigned for 2021 but has limited inventory due to the first models arriving at dealerships in December,” Brauer said. “Chevrolet is cutting production of the Trax to keep up with demand for the new Trailblazer, which likely cannibalized Trax demand over the past year.”
The iSeeCars.com study is based on an analysis of 700,000 new car listings posted as of January 29th, 2021, with 2020 model year volumes used to determine ranking. Heavy-duty trucks, low-volume models, and vehicles with low 2021 model year inventory volume were excluded from the study.