Current-Gen New Chevy Bolts Could Cost Just $15K When The Next Generation Launches
The Chevrolet Bolt is a marketplace failure in one sense. Although the vehicle makes many buyers quite happy, dealers are pushing the cars off lots with five-figure discounts. Quirk Chevrolet in Braintree, Massachusetts is offering $13,000 off the price of a new Chevrolet Bolt LT right now. They say that they have 90 Chevy Bolts available. After federal and state incentives, that brings the cost to the buyer down to just $20,120. Mirak Chevrolet and Herb Connolly Chevrolet in Massachusetts are both offering $11,498 off the price of a Chevy Bolt LT. All of these deals are visible at the Mass. DriveGreen website. The prices are good through the end of this month (April 1st, 2020). The prices include delivery fees.
Chevy Bolt Generations Overlap Soon
Whenever a new generation overlaps the outgoing generation, dealers are faced with a dilemma. They now have the same model on hand in two different versions. The typical move is to discount the older generation aggressively, often with the manufacturer’s support. That creates deals. However, the current Chevy Bolt is already a screaming deal at a cost of $20K to the buyer. Imagine how much deeper the discounts will have to be to move older Bolts off the lot when the new and improved ones arrive.
New Chevy Bolts Could Cost Just $15K
That leads up to our story premise. New, never driven, Chevy Bolts in some markets with state incentives may actually end up costing less than the current $20K when the new Bolts show up. Will dealers make the end cost as low as $15K? We can’t say for sure. However, despite the federal tax credit reductions for GM, the Chevy Bolt has maintained its extremely low cost now for over a year.
New Bolt Coming - Changes Listed Here
GM showed off a new-generation Chevrolet Bolt at a recent electric vehicle dog and pony show. The new Chevy Bolt is described by Inside EVs as having a vastly improved interior design and a new grill. With a new, improved look and feel, the new Bolt is going to overshadow the old. Will that put downward pressure on the already massively-discounted Bolt? How can it not do so?
What’s your prediction? Will the new Chevy Bolt create some smoking hot deals on the outgoing (current) generation of the Bolt when it arrives in late 2020? If you are a Bolt shopper, what’s your strategy to ensure you get the best deal possible? Ours is to watch the Green Energy Consumers' Alliance Website for deals.
John Goreham is a life-long car nut and recovering engineer. John's focus areas are technology, safety, and green vehicles. In the 1990s, he was part of a team that built a solar-electric vehicle from scratch. His was the role of battery thermal control designer. For 20 years he applied his engineering and sales talents in the high tech world and published numerous articles in technical journals such as Chemical Processing Magazine. In 2008 he retired from that career and dedicated himself to chasing his dream of being an auto writer. In addition to Torque News, John's work has appeared in print in dozens of American newspapers and he provides reviews to many vehicle shopping sites. You can follow John on Twitter, and connect with him at Linkedin.