Will General Motors' New 2016 Chevy Volt Sell Better Than the Old One? - Motley Fool
is planning to release an all-new version of the Chevrolet Volt this fall. GM said this week that the new Volt will be able to get 53 miles of range on electric power only before its gasoline engine kicks in. That's an improvement of almost 40% over the old model. In many ways, the outgoing Volt has been a big success for GM. It delivered on all of the promises GM made for it, and it scored some of the highest customer-satisfaction ratings in the auto business. Volt owners love their cars. But in one big important way, the Volt wasn't a success: Sales never lived up to GM's expectations. Sales of the Volt were never good, and they have been getting worse. Through July, U. S. sales of the Chevy Volt are down over 34% over year-ago totals. And it's not like last year's sales were great: GM sold just 18,805 Volts in the U. S. in 2014, down more than 18% from the year before. In fact, the current Volt has been falling short of sales expectations ever since it was launched. To be fair, the Volt isn't the only battery-powered car suffering through a huge sales slump. Source: www.fool.com
