Chevy Bolt EV Back On Top Of The Chevy Volt In October Estimates

2019 Chevrolet Bolt

NOV 1 2018 BY WADE MALONE 25

Chevy Volt and Chevy Bolt EV are looking to end the year strong

Unfortunately, due to General Motors’ recent decision to withhold monthly sales reports in favor of a Tesla-like quarterly reporting system, the following Chevy Bolt EV and Chevy Volt numbers are estimates.

InsideEVs considers this information important to our readers and a testament to what we’ve been doing for some time. So, we have attempted to provide you with our best estimates. Our numbers are primarily based upon daily inventory tracking, as well as accounts from buyers, dealers and other sources.

If you have been following our sales articles for the past few months, you know that Bolt inventories in the U.S. were weak throughout the entire 2018 model year. GM has been prioritizing exports of the popular electric hatchback, particularly to South Korea. So much so that 2018 international GM plug-in sales have eclipsed domestic for the first time ever.

Sales started to recover in Q3 compared to Q2. Chevrolet reported deliveries of  3,949 the Chevy Bolt EVs and 5,429 for the Chevy Volts. So now that we have entered the 4th quarter of the year, how did the Chevrolet electrics fare this month?

For the month of October, we estimate 2,075 Chevy Bolt EVs and 1,475 Chevy Volts were delivered to customers. 

Chevrolet Bolt EV in Maven’s first all-electric fleet of shared vehicles for freelance driving launched in Austin, Texas.

Chevy Bolt EV sales are increasing and Volt is holding steady

After months of low inventories, the Chevy Bolt has now settled above 4,700 units at or in transit to dealers. Not surprisingly, sales are much stronger. Although October is generally the weakest month of Q4, the last 3 months of the year are strong overall for EV sales. Not coincidentally, Bolt EV production will be increased 20% in Q4. According to GM:

U.S. and global demand for the Chevrolet Bolt EV has been very strong in 2018, with global sales estimated to be up more than 35 percent year over year in the second quarter and up more than 40 percent in the first half. In response, GM is increasing fourth quarter production by more than 20 percent compared to the average of the first three quarters.

As expected, General Motors confirmed to InsideEVs last month that they will be crossing the 200,000 threshold in Q4 of this year. They will likely pass that milestone late this month. If this occurs as planned, buyers have access to the full federal tax credit until April 1st, 2019.

We estimate lower Chevy Volt sales this month as buyers await availability of the much improved 2019 model. The new model year has been trickling into dealers over the past month. It sports 7.2 kW charging and power driver seats to make the 2019 Volt a much better package. Chevy also added some welcome updates to the 2018/2019 Bolt in the form of improved front seats and a user defined target charge level. These updates should help the cars stay competitive through the end of the year.

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25 Comments on "Chevy Bolt EV Back On Top Of The Chevy Volt In October Estimates"

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BoltEV (was SparkEV)

Bolt global sales is laughable. It’s like Tesla celebrating 20K sales when there are 400K reservation holders. For all practical measure, Bolt is sold out outside of US with long (unknown length) waiting list.

Cypress

My guess is a drivetrain/battery supply problem (contract issue? LG not being able to? or GM didnt order enough?)

BoltEV (was SparkEV)

If supply issue, they’d have zero Bolts sitting in dealer lots in US.

Mark.ca

You know what the issue is…i have said it many times here.
I just can’t believe they will not even hit 20k for the year. What a huge surprise….did not see this coming!

ElonsBestFriend

Not bad considering the only entity promoting the Bolt on TV is Volkswagen (Electrify America). Keep hope alive, however. When I see Mary Barra dressed in leather telling the US Gov’t to get its act together regarding the future of EVs, I know she means business. GM is gonna kick @$$ and take names now with an 8 B $ profit this past year!

Viking79

The problem is where is that profit coming from and these companies have board members and investors that want to only focus on those areas. They see developing the world’s best EV pickup as something that would erode their profit.

Tesla, Rivian, and others see that opportunity and are going to go after it. Hopefully Mary can drive GM to develop class leading EVs. I think GM should spin off an EV only company that can play by Tesla rules.

Cypress

When the Bolt came out, it was a class leading EV. And still the only EV you can get under $40k with more than 230miles range.

Mark.ca

How the hell are they supposed to make a profit selling 20k per year? They never going to recover r&d at this pace.

Ron M

Does anyone have an idea how much an engine, transmission, drive shaft and exhaust system cost for a bolt size vehicle?

Cypress

GM seems to be promoting Bolt via more social media outlets and web advertising.

ffbj

The Bolt was news at one time, now, not so much.
Just like Musk said years ago, they will produce 25k a year, year after year. A pretty accurate prediction, much more accurate than his predictions of Model 3 sales for last year, at least in a temporal sense.

Cypress

Except they have been producing and selling more than that already. Admittedly not a lot more but closer to 30k. So,…

Mik

Err
Not even 24k is how many Bolts GM sold in the US last year. Or are we now including international sales for some reason?
GM will never sell more than 30K in one year.
Remember this laughable figure this month is after the production increase.
It’s the same GM as before. Blaming demand, charging networks, the government, changing climate, anything but admitting they just came out with an OK car instead of a compelling car.

Neromanceres

Did you even read the article? GM sold more Bolt EV’s outside the US than within. Production of the Bolt EV should be close to 50K this year.

antrik

No, they didn’t. Almost half of the “more plug-ins sold outside US” figure was from the Chinese Baojun E100. International Bolt sales were ~8,000 through September, while US sales were ~12,000 through September. We might see close to 30,000 global Bolt sales in all of 2018 — and that’s *after* the promised 20% production increase.

BoltEV (was SparkEV)

This argument that they should make more is just nonsense. If GM produced 250 million Bolts, they still have same sales, because even 25K production has surplus sitting in dealer lots while dry in foreign market.

End Result

Which indicates that that the Bolt is a loss leader- if there was profit they would build and ship.

Spider-Dan

So if a car is profitable but isn’t selling, GM should… just build more and more of them?

antrik

You missed the “ship” part. If it was generally profitable, they wouldn’t be pushing them only to national dealers while starving the rest of the world.

antrik

Not exactly a loss leader: in limited numbers, it’s probably profitable indirectly, by avoiding fines in a bunch of markets for not meeting fleet emission and/or ZEV mandates…

Neromanceres

Huh? this doesn’t make any sense. If GM made more Bolt EV’s they would simply ship more to international markets.

Umangi Singh

Why hate on Bolt? Because it is not Tesla?

magama52

Its not GM or the car itself, its the dealers that don’t want to sell them. This IMO is the biggest obstacle the manufactures have. I’ve seen the car up close (not driven it) and looks like a fine car that should sell more if dealers push (want) to sell it. No future income for the repair shops were they truly make their money.

Spider-Dan

Tesla makes more on their manufacturer-recommended service plans than BMW (who includes all maintenance in the first 3 years for free).

The idea that EV automakers cannot profit from service is silly. For example, your car’s suspension and steering does not become bulletproof just because the drivetrain is electric.

antrik

You think suspension and steering is where the bulk of service profit is coming from?…

Nobody claims that EVs have no service requirements — just considerably less than combustion cars.