Insane M.S.R.P. Reductions Of New Chevy Volt Extended Range Electric Vehicle's, Gen 1 Through Gen 2 Over 7 Year Model Run = Now Stunningly Inexpensive Used/Second Hand Chevy Volt EREV's!
MY2011 Chevy Volt EREV MSRP $41,130.00
MY2017 Chevy Volt EREV MSRP $34,095.00
The cost, MSRP, of the MY2017 Chevy Volt Extended Range Electric Vehicle has dropped over $7,000.00 since MY2011 was released in late December, 2010.
Never, in the history of the North American Automotive Industry has a new car price reduction spread over 7 model year occurred to such magnitude if ever, at all!
Former N. American GM President Mark Reuss published this Tweet, dated August 6th, 2013.
"mruss @GMdudeinNa
@MBurden_dn @GM
When we cut cost out of our Volt through engineering and development, we will pass it on to our customers."
Extraordinary MSRP Pricing Reductions over less then 6 calendar years.
Unheard of in over 100 years of automotive sticker shocking in the USA.
The Fed $7,500 Tax Credit
Signed into law under President Bush, The Energy Independence and Security Act of 2007 designated a Federal Tax Credit for purchasers of Electric Fueled Vehicle's, EV's PHEV's and EREV's of up to $7,500.00, of their tax obligation, based on Traction Battery Size.
Full $7,500.00 Fed Tax Credit if Traction Battery was 16 kWh or more and income qualified; lesser amounts awarded for smaller Traction Battery designations.
If Electric Fueled Vehicle was and is leased the leasing company is awarded the full Fed Tax Credit, $7,500.00 For Volt, LEAF, BMWi3, Cadillac ELR, Spark EV, Ford Fusion EV, resulting in significant pass through monthly savings.
This continues through current sales until 200,000 State Side OEM vehicle sales has been reached.
This $7,500.00 tax credit passing through to resale valuations has reduced greatly the cost of used, second hand, Chevy Volt EREV's, Nissan LEAF's, BMW i3's, Cadillac ELR's, Fiat 500e's, Kia Soul EV's, Mitsubishi i-MiEV's, Smart Electric Drive's, Volkswagen E-Golf's and Mercedes B-Class Electric Drive's to name a few!
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Note:
Used Tesla Model S and its variations seem to be holding justifiable high valuations and are for the most part unaffected thus far.
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Used, second hand Chevrolet Volt Extended Range Electric Vehicle at an Extraordinary inexpensive price point.
Combining both the over $7,000.00 in MSRP reductions and the $7,500.00 in market assumed Fed Tax Credit result in near $15,000.00 in 'Funny Money' artificially depreciating and devaluating pricing in used/second hand MY2011 through MY2015 Chevy Volt EREV's.
As stated in the opening, NEVER in the history of the North American Auto Industry has such a large sum of 'Funny Money' standing valuation depreciations, ever occurred.
Not only has it left knowledgeable automotive writers issuing idiotic Electric Fueled Vehicle retained value articles, professional Residual Value Determiner's confused and uncertain but now has resulted in used/second hand EV, PHEV and EREV buyers in a position to literally buy a used Electric Fueled Vehicle at an insane price!
$15,000.00 of 'Funny Money' filtering down to used Chevy Volt EREV's make them affordable for all!
Imagine a then new MY2011, Motor Trend's Car Of The Year, US News, Number One Used Upscale Midsized Car**, selling new at $44,900.00, now , used with 65,000 miles now average, second hand/used priced at $11,500.00.
Now you know why!
Best-
Thomas J. Thias
517-749-0532
Publisher:
https://twitter.com/amazingchevvolt
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http://usnews.rankingsandreviews.com/cars-trucks/rankings/used/upscale-midsize-cars-1/
