In an unlikely turn of event, General Motors has recently reduced the price of the 2013 Chevrolet Volt and started offering more incentives to buyers.
Based on the statement provided by the US carmaker, the price of the 2013 Chevrolet Volt was reduced by about $4000. The price of the 2012 Chevrolet Volt on the other hand was also reduced by about $5,000.
When asked as to why the company has decided to reduce the prices of the 2013 and 2012 versions of the Chevrolet Volt, General Motors pointed out that such trend was basically caused by the increasing pressure from the vehicle’s competitors. Aside from that, General Motors has also stressed that the move was also caused by the slow sales of the vehicle.
Aside from that, General Motors has also started offering the zero percent financing deal for buyers of the Chevrolet Volt and such deal is goof for 48 months. General Motors has also revealed that this deal also includes the $3,000 cash back policy.
General Motors has also taken into consideration the buyers who are interested to lease the Volt. The offer will only require the buyers who are planning to lease the Volt to provide a down payment amounting to $2,399. They will also be required to pay the monthly lease premium of $269 for 36 months.
Given the carmaker’s move, a lot of car experts believe that General Motors might have decided to reduce the prices of the 2013 and 2012 versions of the Volt as well as offer attractive lease and financing deals for the model since the company now has a 140-day supply of the vehicle which is twice the normal level that the dealerships have identified.
Aside from that, General Motors might have done this as a way of coping with the price and leasing cost slashes that Honda, Nissan and Chrysler have been implementing on the vehicles that directly compete with the Volt. Honda has previously lowered the lease price of its Fit EV from $389 per month to just $259. The 2013 Nissan Leaf on the other hand could now be leased for $199 per month. Now that is a great deal that just about every family can afford.