2016 Chevy Volt
Douglas Stansfield's picture

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

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.

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Comments

Its the not the battery to be worried about on the Volt. Its the rest of the car. The powertrain has a very long warranty.
I have an "early model year" 2012 Volt with 69k miles and the battery had degraded only about 1%. So the information comparing it to the passively controlled Leafs in which degradation is much higher is erroneous. Several reports out there to the contrary of this articles comment regarding battery life.
Ken, Glad your Volt is doing well and the battery isn't draining much! That is really good news!
Same could be said for any vehicle. Low mileage is preferred on used vehicles... This is not exactly earth shattering news..... I think you are reading way too much into this......