GM Authority has learned that inventory levels of the Chevy Bolt EUV were extremely low at the beginning of April 2023, according to sources knowledgeable about the go-to-market situation of GM.
The Chevy Bolt EUV was running at just 4 days supply at the start of April 2023, with only 308 individual units of the EUV on the ground at dealership lots at that time.
Running at four days supply means there are enough units currently at dealers to cover four days of sales at current levels of demand. The National Automotive Dealers Association (NADA) and other auto sales organizations consider 60 days supply to be an optimal inventory level.
The days supply figure indicates GM supply of the Chevy Bolt EUV is having trouble keeping up with current demand. The compact all-electric hatchback has inventory levels that are much tighter than those of the Chevy brand as a whole. Chevrolet had just under 60 days supply in February 2023, rebounding to inventory levels that were typical before the microchip shortage and COVID disruptions.
First quarter (Q1 2023) sales for the Chevy Bolt EUV and the Chevy Bolt EV were relatively strong. The Chevy Bolt EUV outperformed the Bolt EV with 4,928 units sold, putting it in third place among EV sales for Q1. Buyers took delivery of 2,526 Chevy Bolt EVs in the same time period.
The two Chevy Bolt variants enjoyed an advantage over imported EV models like the Hyundai Ioniq 5 and Kia EV6 because of the Clean Vehicle Credit tax incentive made available by the Inflation Reduction Act to electric vehicles produced in North America. Going forward, the Bolt EUV and EV will likely only qualify for half of the tax credit, but GM will have at least five EV models qualifying for the full $7,500.
The sale of 19,700 Chevy Bolt EUV and EV units in Q1 2023 gave GM twice as many EV sales as Ford during the period. The Blue Oval sold 10,866 electric vehicles over the same timeframe. The General’s other electric nameplates, the GMC Hummer EV and Cadillac Lyriq, made negligible contributions to its EV sales success in Q1.
Building on the popularity of the Chevy Bolt EUV, GM intends to manufacture 70,000 Chevy Bolt EUVs and Bolt EVs over the course of 2023, a 59 percent jump from the approximately 44,000 produced in the previous calendar year.
As a reminder, the Chevy Bolt EUV, which a slightly larger crossover stablemate of the Chevy Bolt EV, is equipped with the same 65 kWh battery pack. This battery pack energizes the front-mounted electric motor, which supplies a total output of 200 horsepower and 266 pound-feet of torque.
Under the body panels, both models ride on the GM BEV2 platform. Production takes place at the GM Lake Orion plant in Michigan.
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Comments
Chevy could build 150,000 Bolts and EUVs and still couldn’t keep up with demand.
Unfortunately they’re going the opposite direction, stating today they are ending Bolt production this year .
https://gmauthority.com/blog/2023/04/chevy-bolt-production-to-end-this-year/
Now I’m wondering if I’ll ever get mine or if it’s even worth waiting anymore.
I really don’t want a truck or SUV, but companies think that’s all people want now. 🙁
I guess you could kind anticipate this since it was built on the older platform. But with surging demand it seems they should have just made a 2nd gen Bolt that is built on Ultium rather than shutter it.
It took 2 full months for my EUV to get to my dealership after being built. Came off the line mid February, took delivery yesterday. Maybe a better delivery system would help.
I think it all depends on how far away you are from Orion Michigan. if your EUV had to be shipped by rail, then that is going to take much longer. The logistics for rail service are a lengthy process. From the factory, they have to be sent to the rail-head marshaling area., loaded, and sent to another marshaling area near the destination. The time of transit of course depends on distance. They then sit in that lot until enough vehicles are available to fill a car carrier to dealerships in the same general area. If you are on the East or West Coast or down along the Rio Grand 2 months is a fairly reasonable time frame.
And why they stopped building the Volt will forever be a mystery. An affordable hybrid that consistently got 50 mpg and could go 350 miles on a tank of gas…fill it up…and go another 350 miles. I had the Cadillac ELR version, and if GM had not been so greedy they could have owned that market five years ago. They were never worth the $80,000 sticker price. My two year old 2016 at $27,000 made it a luxury bargain.
False: 38 to 44 mpg on premium for gen 1, gen 2 gets 44 to 48mpg on regular. Gen 1 only gets max 44 miles on a charge, more like 33 miles the way suburban folk drive. Gen II in the summer could get 70 miles of range, but winter driving no more than 50 miles. Only the 2019 Chevrolet Volt is an actual car, in my opinion. I have owned all variations of the entire Volt model line. the 2016 Cadillac ELR is the best for the Gen 1 function. voltstats has more detail.
Turn the Volt into a SUV and it would have sold gangbusters.
If a Trumptard is smart enough to take advantage of liberal views on EVs then I guess there is hope for this country.
Insignificant, hate filled, narrow minded little danno. Obsessed with the last president. Holed up in their safe space, more than likely still wearing a mask. Terrified of anything outside of their tiny little world of groupthink. An easy mark. At least he has an ev to make him feel important.
You’re late for a book burning 🔥
Feeling blessed. I got mine 2 months after ordering. It’s beautiful and drives like a dream. My daughter ordered a Nissan hybrid in December and is still waiting, so GM is not the only one with supply problems.
There must be a difference between the EV and EUV in terms of getting the car. I ordered my EV around November of 2022 and figured it would be around April before I’d get it. I was driving it by January 6th. So far, I’m loving it a lot.
On a similar note, has anyone else thought about how the ridiculous Hummers affect other mainstream EV’s like the Bolt? I understand that the batteries are different in the two, so maybe a better example would be how the Hummers are/will affect production of the Lyric, upcoming Blazer and Equinox EV’s, etc. Those Hummers are so big with such large batteries for the performance and range, that they are utilizing a lot of resources that could be and should be used for other more mainstream vehicles. The fact that GM isn’t getting these mainstream vehicles in the hands of buyers and is instead building any Hummers is just a shame. Would anyone know how many Equinox EV batteries you could get from just one fat pig Hummer?
Agreed, Hummers are a waste of valuable resources. Monstrous SUVs and pick-up trucks have no place in the modern world unless you are a business owner and need to haul equipment around. Unfortunately for GM, it’s all about profit. For some reason, people still want those behemoths and GM is willing to take their money.
“There must be a difference between the EV and EUV in terms of getting the car”
I guess so. I ordered an EUV in late Sept. and still waiting for it to be built 7 months later. Granted when I ordered it they told me there were 2 orders ahead of me and that it could take 6 months or more, but they also said I had moved to the front of the line by January and yet still I wait…
I ordered an EUV in September 2022 with one person ahead of me at the dealership. His came in in December. I’m still waiting. I’m hoping there is another option from another manufacturer soon. I hate supporting an incompetent company like GM. Originally I was told 8-10 weeks. GM sucks.
I finally got word at the end of April that my dealer got an allocation and was able to put in the order, then yesterday they told me the build is scheduled to start May 22. I don’t know how long after that it will be delivered, but hopefully you will hear word soon.
Amazon would have it your doorstep in a week. Anything longer than that, build to delivery, should be a cause for firing somebody.
Got mine at MSRP on Jan 2 2023 at Team Chevy in Las Vegas, and I’m loving it!
Which one?
Amazon delivering cars now?
The logistics of moving a vehicle is way more complicated than something in a little brown box…….
Things in Canada here are pretty rough. Placed my order for a Bolt EV in April or May 2022, still haven’t received my car, they bumped me from ordering a 2022 model to a 2023 model as the 2022 models ran out. The dealer is aweful at keeping anyone informed as to what is going on. Zero updates unless I call and when I do they have no new information/timelines etc. Not sure if I still want to hang in there with my order…
That should be a great savings to you with the ’23 model having a much lower MSRP, assuming your dealer doesn’t try anything shady like still tryin to charge you the ’22 price. I’m waiting on a ’23 EUV since September 2022 and if they make us wait much longer maybe we’ll end up getting a ’24!
I have had my swap 2022 EUV for 10 months and love driving it and passing gas stations. Had to store it for 3 months this winter as I fly to Florida and drive a Chevy Cruze hatchback Premier which handles nice but is slower than the Bolt. I plan to keep the Bolt out of the salt in Michigan and keep it for 10 years as my miles are usually low. Will trade in my wife’s Blazer for the Blazer EV some time in the future.
Maybe soon for your wife as the Blazers are supposed to come out this summer, though they will probably sell out fast.
What I don’t get is why they are sending cars to sit on lots when there are people waiting for the ones they ordered? You’d think they would prioritize actual sales vs sitting at a lot hoping it sells sometime.
The government helped him buy a car he loves and the dude’s mad about it. Smh
Better than the fascist government we just had!