Why Aren't Consumers Willing to Buy Used Chevy Volts with Higher Mileage

Why Aren't Consumers Willing to Buy Used Chevy Volts with Higher Mileage

Topics: Chevrolet Volt

Why Aren't Consumers Willing to Buy Used Chevy Volts with Higher Mileage

Douglas Stansfield, TorqueNews
June 2, 2015 (11:44)

Recent reports state that there are 6,000 2015 Chevy Volts on Dealer lots.

As of April 2015 Chevy had sold 2,779 Volts during the first 4 months of the year. Last year Chevy sold 18,805 Volts. It also turns out that the Chevy Volt sold the most units in the Jun, July, and August time periods last year. Thus, based on my estimation the looming inventory crisis has been overblown if the trend continues from last year with higher sales months captured during the summer. At this point, some reports have indicated that resale values are a concern and that they have not held value. This isn’t exactly true based on the Sold Listings at Ebay Motors. Low mileage Volts have sold at very high resale rates whereas high mileage Volts have sold for much less. So, consumers are not willing to potentially buy used Chevy Volts with Higher Mileage because they are likely concerned about the longevity of the traction battery pack. As with the early models of the Nissan Leaf, the GID Capacity bars depreciated faster in the earlier model years than the later model years. Consumers are not stupid and they know, because of history, that early model year cars can be questionable in terms of performance. Thus, while Californians get the first opportunity to jump on the new and improved 2016 Chevy Volt, it looks promising that Chevy has managed its inventory and demand allocation very well.