blwnsmoke Posted December 1, 2016 Share Posted December 1, 2016 (edited) 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 December 1, 2016 by blwnsmoke Quote Link to comment Share on other sites More sharing options...
jpd80 Posted December 3, 2016 Share Posted December 3, 2016 (edited) 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 December 3, 2016 by jpd80 Quote Link to comment Share on other sites More sharing options...
tbone Posted December 3, 2016 Share Posted December 3, 2016 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. Quote Link to comment Share on other sites More sharing options...
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