Saturday, February 25, 2012

Chevy Makes Blunder With Cruze, Volt

The Chevrolet Cruze is a gasoline-powered, fuel-efficient car manufactured and distributed by Chevrolet, a marque owned by General Motors. It runs anywhere from $16,000 - $20,000, depending on the package, and is a real saver when it comes to gasoline, netting on average 26 mpg in the city and 38 on the highway. While not as pretty as Ford's numbers, they're pretty good. The only problem is that Chevrolet also manufacturers the Volt, their all-electric vehicle. With a price-tag of $40,000, it's more than double the base price of the Cruze...and, ironically, for not much savings. Experts have crunched the numbers and have determined that for consumers to save the $20,000 in fuel savings they would spend up-front buying the Volt as opposed to the Cruze, it would take almost 20 years. This is a huge problem for the vehicle manufacturer, who expected Volt sales numbers to be higher than most other EV's on the road today. The auto shipping industry has noticed too the lack of Volts that are flowing off dealer show floors, and its a trend that shows no signs of stopping unless Chevy steps in. Perhaps lowering the Volt's price-tag would be a good start?

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