Chevrolet Volt Sales Hit 2017 High In March, While Bolt EV Struggles With Inventory Issues
After what some might say was a bit of a disappoint for sales of the all-new Chevrolet Bolt in February (with 952 units moved), the 238 mile EV debuted in New York and New Jersey in March; and with that, sales strengthened – but only slightly last month.
In total, 978 Bolt EVs were sold, a fractional gain over February. The high water mark for the EV still stands as 1,162 cars that were sold in January.
Where do sales go from here?
Likely up as we move into a stronger time of year for plug-in sales, and Bolt EV inventories have finally started to deepening (averaging nearly 2,000 copies in stock by March’s end).
GM did note this month that average supplies were limited in March, and declared that there was just 14 “days to turn” dealer stock for the month – a very low figure. However, we have to say that as domestic-only production started in October, this appears to be a self-inflicted wound.
Update: Just as a data point of interest – the Bolt EV fared (proportionally) much better in Canada in March (where the market is 1/9th the size of the US), selling an impressive 241 copies; although one could frame that as backed up first deliveries finally getting through to the Canadian consumer (sales in February and January were 86 and 6 respectively). The Volt sold 377 copies in Canada – a year high as well.
Lending a hand on the sales front in April will be the continuation of GM’s CARB-tastic, state-by-state roll-out of the EV, with Washington welcoming the Bolt to local Chevy dealerships. With that said, if GM doesn’t build ’em…they can’t sell ’em.
As for the Chevy Volt, it continues to out perform expectations by any metric
During March, 2,132 Volts were sold, up 14% from the 1,865 sold a year ago.
Despite now being in its 2nd year, the second generation of Volt has improved on 2016 numbers so far this year. Through March, 5,563 have been sold, a gain of almost 40% over the 3,987 moved a year ago.
An impressive result that makes the extended range Chevy the second best selling plug-in vehicle for the US market, just behind the Tesla Model S.
We would also be remiss to not also mention the battle that is brewing for the title of the top-selling plug-in hybrid for 2017, as the Toyota Prius Prime continues to nip at the Volt’s heels. While the Volt still has a lead of about a thousand sales over the Prime, the plug-in Prius is currently the most in-demand car in the US, as Toyota’s factory in Japan works to fill in inventory around the world.
For March, only about ~10 days worth of inventory was in stock for the Prius Prime…yet Toyota still sold 1,618 copies, averaging less than 1,000 units of inventory.