New Chevrolet Volt Priced
The next generation 2016 Chevrolet Volt when it comes out this fall will carry a price tag of $33,995 (including $825 delivery) for the base LT model.
Base 2016 Chevrolet Volt Not Priced As Aggressively As Hoped
This figure represents a $1,175 price drop over the outgoing Volt, while also offering 50 miles of all-electric range.
The 2016 Chevy also features more efficient extended range driving with 41 mpg, along with a 5th seat area for passengers to be used in a pinch.
When the full $7,500 federal tax credit factored in, the price drops to $26,495.
"The next generation Chevolet Volt delivers more technology, the ability to drive further between gas fill ups and now with even more value to our customers. We are confident we will continue to attract new customers to Volt with the vehicle's product improvements and attractive price." - Steve Majoros, director of Chevrolet Marketing
However, for most fans of the car this will be seen as something of a disappointment as many had been expecting the MSRP to final start with a "two", as in $29,995 - especially as GM had already previously release the car's "trim and spec sheet" online, which showed the LT model had been stripped down fairly decently.
This pricing also fails to deliver on ex-CEO Dan Akerson's previous promise of almost exactly 2 years ago today, to deliver a more significant price cut.
“…in this next generation we think we can decrease the price on the order of $7,000 to $10,000, without decontenting. That’s very important to us. And at that point in time I think you’ll see the second generation be much more, hopefully, profitable. I think it will be profitable.”
At that time the price of the Chevrolet Volt was $39,145, meaning market expectations since then was for a 2016 MSRP between $29,145 and $32,145.
We expect Chevrolet Volt Sales To Hit New Highs In US By The End Of The Year
Still, the new 2016 Chevrolet Volt is certainly an improvement in almost everyway over the outgoing edition, so expect it to sell well relative to other plug-in offerings in the US; just perhaps not as well as we did yesterday.
With this pricing structure we feel GM can comfortably sell 25,000+ copies of the car in 2016, which would be a new high for the model that peaked in 2012 with 23,461 Volts sold.
If starting MSRP had broke the mental barrier of $30,000 ($29,995) and gave more power to the federal credit inside a lease structure, we feel that sales expectation would have jumped to 40,000-50,000.
GM says that it will field questions and give out more details in a live chat on Facebook, Monday at 2PM (eastern), which we will cover live.
There has been no details on the higher LTZ level model, but we assume somewhere around $36,995 sounds about right.