GM misses Chevy Volt sales goal in 2011, Jan. 2012 also sluggish

Sales of the Chevrolet Volt dropped sharply in January with GM only selling 603 units. Blame for the drop in sales goes to the negative publicity the Volt has received from a government safety investigation.

January 2012 turned out to be the worst month for the Volt since August, where it was only delivered to 302 customers. During the fourth quarter of 2011, GM averaged monthly sales of 1,259 units.

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GM executives say that they are unable to gauge the demand for the Chevrolet Volt until May or June due to the availability being tight and some dealers still receiving their first batch.

In 2011, a total of 7,671 Volts were sold, way short of GM’s 10,000 goal.

Refresher: The 2012 Chevrolet Volt is powered by 16-kWh, ‘T’-shaped lithium-ion battery that powers the electric drive unit, which allows it to drive 40 miles on battery power alone. The system puts out 149-hp and a maximum torque of 273 lb-ft, allowing the Volt to go from 0-60 mph in about 9 seconds, hitting a top speed of 100 mph. The battery can be re-charged by plugging into a household outlet and takes 4 hours to recharge on 240 volts, and about 10-12 hours on a standard 120-volt outlet. The Chevrolet Volt also carries an 84-hp 1.4 4-clyinder engine that allows the five-door, FWD sedan to travel additional miles while averaging a fuel-economy of 50 mpg. A fully charged battery and full tank of gas will allow the Volt to travel 379   miles. The 2012 Chevrolet Volt gets an EPA estimated 93 miles per ’gallon-equivalent’ when driving under electric power only, 37 mpg when in gasoline mode and over the long term it is estimated to get 60 miles per gallon in combined gasoline-powered and electric-powered driving. Prices for the 2012 Chevrolet Volt start at $39,995 but with a full federal income tax credit (which range from $0 to $7,500), the Volt can cost a total of $32,495.

– By: Omar Rana

Source: AutoNews