Jump to content

GM stands to lose $9,000 per car on Chevy Bolt


blwnsmoke

Recommended Posts

https://www.yahoo.com/news/m/2e284fe3-eff3-382d-ab7c-eb1a9c10bedd/gm-stands-to-lose-%249%2C000-per.html

 

 

General Motors (GM) stands to lose $9,000 on every Chevy Bolt it sells, according to a Bloomberg report that cites a person familiar with the matter.

The anticipated per-sale loss of roughly $8,000 to $9,000 is an estimate based on a sticker price of $37,500, the report said, and it sheds light on the actual profitability of electric cars in the U.S., which have been billed by some as the future of the automotive industry.

 

 

I have to ask.. what does sticker price have to do with anything? The dealer doesn't buy the vehicle for sticker price... a customer who pays invoice (we know this won't happen) doesn't cost GM a single penny more then if they bought it at sticker..... so what am I missing in that comment?

Edited by blwnsmoke
Link to comment
Share on other sites

The original article by Bloomberg seems to be a concoction based on a rumor that

GM is prepared to lose money on about 7,598 Bolts per year in California in order

to gain enough ZEV credits to continue selling all its other vehicles there...

 

Link

Here’s how the math works for GM in California. Let’s say it sells a total of 219,962 vehicles in one model year (as it did, in fact, in 2015).

To avoid heavy fines or the threat of getting shut out entirely, it would need state-awarded ZEV credits equal to 14 percent of the total -- or

30,794. That would mean finding buyers for 7,698 Bolts, earning four credits for each, or 10,082 Chevy Volt plug-in hybrids or a combination

of the two.

 

Edited by jpd80
Link to comment
Share on other sites

The original article by Bloomberg seems to be a concoction based on a rumor that

GM is prepared to lose money on about 7,598 Bolts per year in California in order

to gain enough ZEV credits to continue selling all its other vehicles there...

 

This is ridiculous, and that is not a knock on GM. So basically in order to sell cars that people want to buy in California, you have to sell these other cars that not many people want to buy at the actual price that it cost to build them.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...