Why is the Chevy Volt low resale value?
One additional reason that Volts may be less valuable is that new Chevy Bolts are costing buyers under $20K in some states. The Volt is not the only green vehicle on the list of those which have seen the greatest decline in value.
How much money did GM lose on the Volt?
$49,000
Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts. GM on Monday issued a statement disputing the estimates.
How much does a 2017 Chevy Volt battery cost?
Chevrolet Volt Hybrid High Voltage Battery Replacement Cost Estimate. The average cost for a Chevrolet Volt hybrid high voltage battery replacement is between $9,210 and $9,335. Labor costs are estimated between $475 and $599 while parts are priced at $8,735.
Does Chevy Volt hold its value?
In the lone decade that they’ve been on the road, Chevy Volts have proven to be long-lasting – some run up to more than 400,000 miles – and because of that longevity, they tend to maintain their value when compared to other hybrid vehicles.
Did GM make money on the Volt?
GM’s Doug Parks confirms that GM isn’t yet making money on the Volt, but declined to comment to Reuters on any specific costs. GM isn’t yet fazed by the loss-making Volt–at least outwardly–citing other benefits to the Volt project.
What problems does the Chevy Volt have?
Coincidentally, most negative reviews of the Chevy Volt are related to electrical issues. Some owners of early models complained of the charging cables overheating, the instrument cluster flickering or blacking out altogether and faulty fuses causing the backup camera and reverse lights to fail.
Which is better Volt or bolt?
Despite having a smaller footprint than the Volt, the new Chevy Bolt actually has more usable interior space. Its taller roof allows for seats farther off the floor (under which the batteries reside) and, therefore, greater legroom and overall spaciousness. The Bolt is also able to more realistically fit five people.
How much is a new battery for a Chevy Volt?
In the instance when you may need a new battery, you’ll want to know the answer to the following question, “How much to replace a Chevy Volt battery?” A new Chevy Volt battery on average costs around $9,000, but this number varies significantly based on factors such as warranty coverage.
Are Chevy Volts expensive to maintain?
Overall – the Chevrolet Volt has yearly car maintenance costs total to $550 .
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