Featured Goodbye Chevy Bolt. GM announces it will be discontinued.

There is a lot of fear over on the bolt forums.
And you can’t even get parts for the volt or bolt. Partly because of Covid and partly because gm doesn’t want to invest in inventory for obsolete vehicles.
The smart money is waiting for the next bolt, which is supposed to be new from the ground up .

 

They're selling the EMOTION, not the logic. Who would buy $100+K pickup trucks if they ran the numbers. Even a small construction company can't make those numbers work.

NOW, you harshed my mellow - back to the pot shop.....

 

Hummm , living in Canada ,the GM approach regarding stopping Bolt production in 2027 is like cutting the branch of a tree you are sitting on....waiting for the next Bolt is a long and winding road fueled by US politics like tarrifs, hurting the integrated car production chain . Meanwhile the coreens and japaneese will introduce cheaper EV ....not to mention a small opening of chineese EV

 

agreed. and now I'm wondering if this 'new family of bolts' will even materialize, they are practically giving away equinox. gm is swaying in the breeze...

 

Yep; 0% financing for 5 years or $10K off is a decent deal. $260/month; 40 month lease but $4530 due at signing.
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If you take the $10K incentive; that drops the MSRP to $28.5K. Not bad for a new car, but it's going to take a resale hit. Feel sorry for anyone who actually already bought one.

 

That $10,000 off a new Bolt has a trickle down effect in used market too.

 

Everyone has a right to be wrong including large corporations. The trick is to side step their fall.

Bob Wilson

 

My turds are a limited supply but nobody is lining up to buy them. Elon is selling his turds with a premium on his PLUS monstrous premiums for the ones he hasn't even made yet.

I stopped buying GM in 2005. Calling the Big 3 turds chocolate doesn't make them any better than the turds they are - and always were.

 

That’s the equinox, but exactly right.
I know because it happened when Toyota decided to sell my 32k pip for 24k.
I get a kick out of people who don’t understand that their resale value is going to be based on what they paid for the car or some average, and not msrp.
Of course, there’s always the exception to the rule, like gen 4 prime, which wasn’t depreciating at all for a few years

 

Yep; I was getting post cards from my dealership, for about a year - wanting to buy it back for more than $5K+ above what they sold it to me. Unfortunately; that would've left me with a 17 mpg SUV for my daily. There was no cheap high mileage alternative at that time. At least what I would consider affordable and reliable.

 

I believe @Salamander_King traded in several and made money on the deal

 

I counter that argument and say that resale value is always based on MSRP, not the actual price the customer paid for the car. Toyota holds the resale value very well, and COVID supply-chain fiasco caused the hottest seller's market for used cars for few years. But, if the resale value of the car is based purely on the sales price of the car not the MSRP, there is no way it will sell higher than what I paid for the car. In my last 5 news cars purchased in ~10 years, I made profit on two cars, and broke even on two other cars by turning in the car 1-3 years after purchase. That is all because the resale value does not take into consideration of the tax credits, state incentives, and other rebates taken off the MSRP at the point of sale.

My current car Equinox EV, if I sell it now, I will break even 1 year after purchase. But that is over 40% depreciation from the MSRP.