We never price or sell our new Chevrolets over MSRP – not even C8 Corvettes or Z06s! Every other vehicle on our website is priced correctly except the 4 Chevy Bolts – which were all sold many months ago at or under MSRP. Somehow CDK mistakenly restocked in these four EV vehicles (none of our ICE vehicles) and assigned a sale price that was tens of thousands of dollars higher than the MSRP??? At this point we cannot determine the reason why only these four vehicles were stocked back in a second and third time by our CDK system. Thank you…we have corrected the error right after reading your (Trey Hawkins) article.
As GM Authority has extensively covered in the past, customers purchasing a new 2022 Chevy Bolt EV, 2022 Chevy Bolt EUV, 2023 Chevy Bolt EV, 2023 Chevy Bolt EUV, or 2023 Cadillac Lyriq are currently eligible for the full $7,500 EV tax credit. However, the window to qualify for this credit is closing fast, and now, some dealers are attempting to capitalize on this opportunity by tacking on massive markups to Bolt EV and Bolt EUV units.
As just a sample of the dealer markups across the U.S., here’s Van Chevrolet in Arizona posting a 2023 Bolt EUV for $57,190, while McCluskey Chevrolet in Ohio has another 2023 Bolt EUV listed for sale for $54,670. In addition, one undisclosed dealer sent a detailed pricing sheet to a prospective Bolt EUV buyer, which had the EV priced at $45,039 – which comically includes an extra $899 for catalytic converter protection.
Editor’s note: The CEO of McCluskey Chevrolet, Keith P. McCluskey, has reached out to explain that the pricing was an error, and that the vehicle in question was sold months ago, but restocked due to a systems error. Mr. McCluskey also made it a point to add that the dealer will “price or sell our new Chevrolets over MSRP – not even C8 Corvettes or Z06s!”
For reference, here’s a quick refresher on the all-electric vehicles’ pricing info. A 2023 Bolt EV in the base 1LT has a starting price of $27,495, while a 2023 Bolt EUV in LT form boasts a starting price of $28,795. Indeed, these dealer markups are absurd, and are roughly a 100 percent increase over starting prices, even when factoring in the $7,500 EV tax credit.
The General sent out a letter back in early 2022 warning dealers of such markups and the possible repercussions. However, despite these warnings, “market adjustment fees” seem to be alive and well. With this unfortunate reality in mind, we recently asked you, our dear reader, what your opinion on the matter was. Looking over the poll results, almost 80 percent of our readers believe that GM has not fixed dealer surcharges.
As a reminder, the 2023 Chevy Bolt EV and 2023 Chevy Bolt EUV are both equipped with a 65 kWh battery pack, which supplies energy to the front-mounted electric motor. Output is rated at 200 horsepower and 266 pound-feet of torque, while both models utilize the GM BEV2 platform for structure.
Production for the 2023 model year began in July 2022.