Chevy Volt EV Has Greatest 1-Year Price Drop Of All Used Vehicles

They say GM cars have the greatest drop in value. But the fact is no one pays MSRP but usually about $10,000 off list price making them some of the better deals.

Leasing a 2018 Chevrolet Volt LT, logging more than 12,000 miles in almost two years. "Lifetime" fuel economy: more than 75 mpg. Don't have a daily commute, but I need to use recharging stations more; some are free, most cost $2.75/hour or less.

Leasing a 2018 Chevrolet Volt LT, logging more than 12,000 miles in almost two years. "Lifetime" fuel economy: more than 75 mpg. Don't have a daily commute, but I need to use recharging stations more; some are free, most cost $2.75/hour or less.

You're not so bright. The 2019 Volts came out in the fall of 2018 so they are now TWO years old (not one)
Here's a buck. Buy a clue!

Sorry, but this quote is a total lie. “The Chevrolet Volt was discontinued due to its declining popularity as domestic sedans fell out of favor as well as increased competition from all-electric vehicles,” said iSeeCars Executive Analyst Karl Brauer. The Chevy Volt was discontinued for many business reasons, and mostly it was because GM was looking to cut their manufacturing costs quickly, and capitalize on short term savings. The Volt was historically one of the top selling plug-in hybrids (despite crappy marketing), and the most recent Volt was the best of the breed. Other PHEVs managed well under 20 miles of EV-only range, but the Volt got over 50 EV miles, plus it managed 50MPG from the range extender engine. Despite being a quick car. But Chevy has made the bulk of their profits from gas guzzling trucks, and the less profitable economy cars were all cut, including the Cruze, which was also a sales leader in it's class. But this way GM could close factories, and cut union labor, all in the name of moving forward with EVs. But after cutting the Volt and their economy cars they did NOT have any EV models ready to take their place for years to come, and only soldiered on with the Bolt. The Volt's price also suffered because it was visibly discontinued, and like all EVs used model buyers are uncertain about potential repair costs, even though EVs have better reliability and lower maintenance costs overall. I've seen used Chevy Bolts going for $13K-$14K lately, which is my mind does not make them a poor performer, but a fantastic used deal. But I usually buy my cars used anyway to avoid the worst depreciation. Nissan Leafs are also a great used car EV deal now as well. But I don't expect these great, low prices to stay low. The EV market has been artificially depressed because the oil companies have kept gas prices relatively cheap, and EV disinformation rampant. The cheap gas is partly due to reduced "Covid" demand, but anyone driving lately is seeing more and more cars back on the roads, and by spring I bet that we see oil prices creep up again. At which point the guzzler truck prices will see a drop and EV prices will climb back up as demand for clean economy cars comes back.

Your quoted author was just restating GM's feeble excuse that the Volt was unprofitable and didn't sell well. But GM did a crappy job in marketing the Volt, and dealers openly diverted customers from both Volt and Bolt sales to their most profitable full sized pickup trucks and SUVs (which GM promoted heavily). Without proper marketing and support no product ever sells well, and the fact that the Volt was a top seller in it's class despite that shows how competitive the car truly was. Imagine if GM had promoted the Volt and Bolt as much as they do the more profitable Silverado and Escalade.

I paid 19,500 for a brand new 2018 volt with comfort package. That's what a 34,000 sticker price. My car is nearly 3 years old and has had zero problems and all the maintenance (which is hardly anything) has been included. I have spent nothing on the car maintenance wise. The car is still worth about 14 to 15,000. I think that's a great value and better than any other new car I've ever owned and I've had a lot of them. I had similar luck with my 2013 volt. I can take the volt anywhere I want without even thinking about an electric plug. I can drive it on a daily basis as a fully electric vehicle. Best of both worlds and it's too bad that the car cost so much to produce they had to cancel it

Associ the prices do reflect a decline, they are basically the result of the word getting out that the car is being discontinued and the fears associated with the possibility of no replacement parts. However, the scarcity of inventory vs buyers has risen when the affect of Covid is applied to the buyer demographics. You should be able yto decern, if you are careful to include the demographic shift which includes a rise in the popularity of hybrids in the general population. Chevy did something bright and they didn't think they did. Chevrolet was looking to market a new 'Car Type" that would be "The Car to Buy" L

Great cars they drive great , side and rear visibility is the only negative, u just have to be more careful when switching lanes or get the premier version. Car rides smooth and quiet