November Sales for Volt Down Due to Inventory Issue image

After Chevrolet Volt reported its best sales month in October, sales in November dropped.

Last month Chevrolet’s Volt lost ground to the less expensive EVs, but it still managed to sell 1,519 units, an increased of 33% compared with the same period last year. But this was half the record 2,961 units sold in October and 2,851 units sold in September. Don Johnson, U.S. vice president of Chevrolet sales and service, blames the sales drop on an inventory issue, which hit especially the Chinese market.

Don Johnson said that ‘Dealers are just clamoring for more,’ referring to the California market, which accounts for 34% of the Volts’ sales. Recently Chevrolet had just an 8-day supply of Volt in California and it is now up to 23 days and 60 days for the US supply. He added that the Detroit-Hamtramck Assembly Plant temporary closure to be retooled for the 2014 Chevrolet Impala and the ‘more robust’ sales over the past two months, hampered the inventory.

Analysts believe that the fall in sales was also due to expiration of sales incentives for the Volt. Without the incentives the Volt costs $39,145 before a $7,500 federal tax credit, which is more than Toyota’s Prius plug-in $32,000, Ford’s C-Max Energi plug-in $32,950 or Nissan’s Leaf $35,200.