Tuesday, January 24, 2012

Trabants and Volts

Chevy Volts well on their way to becoming our version of the German Democratic Republic's Trabant: a product worth less than the materials and labor used to build it. A product with negative value. The act of building it destroys value.
Some Chevrolet dealers are turning down Volts that General Motors wants to ship to them, a potential stumbling block as GM looks to accelerate sales of the plug-in hybrid.

For example, consider the New York City market. Last month, GM allocated 104 Volts to 14 dealerships in the area, according to a person familiar with the matter.

Dealers took just 31 of them, the lowest take rate for any Chevy model in that market last month. That group of dealers ordered more than 90 percent of the other vehicles they were eligible to take, the source said.

Read more: http://www.autonews.com/article/20120123/RETAIL07/301239977#ixzz1kOL8s61a

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