Chevy Bolt EV Inventory Running Very Tight Going Into March 202313
National inventory for the Chevy Bolt EV was running very tight going into March of the 2023 calendar year, GM Authority has learned.
According to sources familiar with GM’s go-to-market operations, Chevy Bolt EV inventory was running at 110 units in stock across the U.S. going into March, very small figure indeed.
Notably, February of the 2023 calendar year was the best February in the history of the Chevy Bolt EV, at least from a sales standpoint. Currently, many Chevy Bolt EV customers are waiting for their orders to be fulfilled, which will hopefully happen soon.
In terms of sales, the Chevy Bolt EV was at the bottom of the Mainstream EV Passenger Cars segment for the 2022 calendar year, with a total of 11,029 units sold, a drop of just over 50 percent compared to the 22,073 units sold during the 2021 calendar year. Market share was measured at just 7 percent, as compared to 27 percent during the 2021 calendar year. Meanwhile, the Mustang Mach-E was the best-selling vehicle in the segment during the year with 39,458 units sold, netting 26-percent market share.
Sales Numbers - Mainstream EV Passenger Cars - 2022 - USA
|MODEL||Q4 22 / Q4 21||Q4 22||Q4 21||YTD 22 / YTD 21||YTD 22||YTD 21||YTD 22 SHARE||YTD 21 SHARE|
|FORD MUSTANG MACH-E||+37.22%||11,369||8,285||+45.39%||39,458||27,140||26%||33%|
|CHEVROLET BOLT EUV||+140,249.44%||11,242||8||+883.34%||27,091||2,755||18%||3%|
|HYUNDAI IONIQ 5||+2,834.64%||4,490||153||+14,920.92%||22,982||153||15%||0%|
|CHEVROLET BOLT EV||+28,506.70%||4,866||17||-50.03%||11,029||22,073||7%||27%|
Chevy Bolt EV sales are on the rebound following a stop-sale order and recall issued for a battery-related manufacturing defect that was linked to several vehicle fires. The 2022 model year introduced an updated exterior and interior for the Chevy Bolt EV, as well as the new Chevy Bolt EUV utility vehicle, while the latest 2023 Chevy Bolt EV introduces new exterior paint options, as well as a new illuminated charge port as a standalone option.
As for the powertrain, the Chevy Bolt EV draws motivation from a 65 kWh battery pack and single front-mounted Voltec drive motor, the combination of which yields 200 horsepower. Production takes place at the GM Lake Orion plant in Michigan, while the GM BEV2 platform provides the underpinnings.
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Glad I do not own any gm stock..
This is frankly disgusting… They basically make ONE plug in car (Bolt EV and Bolt EUV – I have had both, and they are essentially the same car) electric vehicle which is 6 years old – having bought my first in 2017.
Poor GM is ‘ramping up’? Starting with early production designs of the VOLT in 2008 that looked like a Camaro, that means that ‘Give them a Break !!! They’ve ONLY been at this 15 years’..
Of course, they have discontinued the vast majority of plug ins they have ever made, whereas other companies still make theirs. Think Old Volt, New Volt, Caddy ELR, Caddy CT6-Plug in hybrid,
Other alternative fueled vehicles are also gone, such as the Methane Trax, Dual Fueled Silverado, Dual Fueled Impala (a nice car – of course they discontinued the mainstream ICE version also – which was also nice).
So if you want to REALLY SEE the wide range of Alternative Fueled Vehicles that GM makes, you either have to find them on the streets, or collision shops, or junk yards…. But New car showrooms? ‘Forget about it’.
Do you still have the EUV?
Oh yes Danno !
Point being I still have my 2019 VOLT- since it is basically Irreplaceable unless finding a nice one used,
and I still have my 2022 (purchased 6/21) EUV since it is obviously also very hard to replace… Of course, GM has owed me a battery since 2021 and my dealer says I am next on the list….Slower than Molasses in January, and it ain’t January no more…
I’m starting to regret Trading in my very NICE – CLEAN – 2014 Cadillac ELR plug-in hybrid a full year ago.
The dealer is still working on the $15,000 float – the value of the trade-in versus the LYRIQ which I thought I would only have to wait 2-3 months for, not 14. But I save around $2,625 in sales tax if I leave everything as it is.. But It would be nice to drive the new Lyriq a bit before I die of old age…
I’m surprised to hear that they didn’t replace your battery already. I thought that was supposed to be done before new vehicle production began. I guess that the good news would be you’ll have a brand new battery and that should really help with resale value should you decide to sell or trade.
Is the Tesla Model 3 not included in “Mainstream EV Passenger Cars”? The sales chart seems to have missed it.
Tesla is wiping the floor at GM… I was at a HERTZ rent a car a week ago, and 60% of the rentals there were mostly MODEL 3’s , Model Y’s , and one model ‘S’. They also had an ‘X’ out for rental..
Surprisingly, this location near the airport had NO recharging facilities whatsoever, not even a 110 volt outdoor outlet on the side of the building…… In an emergency – obviously they will refill the cars a bit with an extension cord thrown out the back door, but they handle the ‘fuel’ problem by just stating that it is the car renter’s problem to refill the car back to the percentage capacity it was rented at, otherwise they will be greatly fined.
Fast charging is at Tesla Superchargers – which immediately appear on the Renter’s Bill.
Point being the major Rental Car Companies have managed to handle Teslas with absolutely no infrastructure, and are cash-flow positive.
I find it to be a knee slapper that GM and Ford are worried about Infrastructure at their dealerships, when this is all a pipe dream since the great majority (80-85%) will recharge at their homes.
Meanwhile – they act like a HORSE without BLINDERS ON…. The frankly Silly corporation worries about trivialities , but isn’t worried at all about meeting the most meager production deadlines.
As has been mentioned here, it looks like upper management ‘production goals’ are trending toward absolute ZERO, and I’m sure they will all get Golden Parachutes personally.
I mean who cares right? GM brags it is no longer an American Company.
Customers care, dealerships care…. But I bet no one at the Renaissance Center does – that small portion of space GM now RENTS! Unbelievable.
Are dealers also going to take their inventory home to charge it? Are sales people going to tell interested customers to Google any questions they have? Will buyers service their vehicles at home as well?
It absolutely makes sense that dealer networks modernize and train. Ramping up production will be meaningless if they can’t execute with sales and support.
“Is the Tesla Model 3 not included in “Mainstream EV Passenger Cars”?”
No, it’s considered a midsize luxury car. If you look up the charts you’ll find it as such.
Why are the Mach-e, Ioniq and ID.4 (which are bigger SUVs and have variants costing more than the Model Y) included, yet the 180k Tesla 3/Ys sold in the US in Q1 aren’t ? – GM makes up categories to ‘lead’ so they can point out they are better than the other legacies when they are all getting their @sses handed to them. Not to mention, GM is giving these away and is losing money on every one. At this price point and the $7500 rebate they should have moved 100k, but they can’t ramp up. If they could make ANY of the over-advertised BEVs they are ‘going’ to make, they would be killing it.
Chevrolet has to start building the vehicle in numbers worth talking about. If they can’t produce 8000-10,000 Bolt’s a month after 8 years of production then perhaps GM better re-think the money they are investing in current and future EV’s until they get their supply chain issues in order. They might start with bringing Asian parts manufacturing back to North America. Yes, a lengthy and expensive process, but frankly the only way they can get a handle on the supply chain. . Currently the Bolt EUV is nothing but a niche vehicle, and likely to stay that way until GM takes control of their logistics issues.
It’s not the Bolt they’re working on ramping up, it’s Ultium-based vehicles.
And they *have been* investing in North American manufacturing. There’s the supply agreement with GlobalFoundries for chip production in their upcoming New York facility. The three battery factories with LG. New plants for building Magnets with VAC and MP Materials. Lithium contracts with Livent and Lithium America. Battery recycling with Li-Cycle. New production facilities and expanded production from Lear. Contracts with POSCO chemical for battery materials.
Factory Zero is already producing vehicles. Spring Hill is ramping up EV assembley. CAMI was upgraded to product their delivery vehicles. The Orion plant (which currently produces the Bolt) is getting $4 billion in upgrades and expansions. The Ramos Arizpe plant in Mexico is being transitioned to all EV by next year.
Think of GM as a farmer who has plowed and sown a huge field. It takes time for the crops to grow. We have to wait for the harvest before we can start complaining too loudly about the yield.
How many gm models have been cancelled because of low sales? Geez.
I hope GM is sucessful in the EV space, I really do (always been a fan), however when this publication gives us a market share chart of Main Steam EVs that doesn’t include the Tesla 3 & Y,(Market Leaders & ABSOLUTE MAINSTREAM) but includes the Mach E, the Ys most direct competition, & declares it to be the MARKET LEADER!!
If you don’t want to use the word Tesla then don’t do the market share chart or for that matter the whole article.
Give your readers the truth of what’s happening in the MAINSTREAM EV MARKET not the LIES that you wrote in this article. You’re not Mary Bara, you won’t choke on the word TESLA, just give honest & informative information to your readers.
You’re capable of better than this & I hope readers will see that reflected in future articles you present.