What’s a manufacturer to do when their vehicle inventories swell and outpace sales, do they increase incentives to move more cars of suspend production in an effort to reduce inventories?
GM decided to take the latter route when Sonic sales dropped around 37% for the year to date. Unfortunately, that’s the same production plant where the new Chevy bolts are being built and its country wide rollout is still ongoing. This year, Chevy has delivered 7,592 Bolt EVs to eager customers in the U.S. and that number is expected to rise when the model is available in all 50 states by August.
But the production hiatus shouldn’t affect Bolt EV buyers as the model’s U.S. inventory has increased from 104 days to 111 days of stock last month, which is more than the 70 days of stock they were aiming for.
To put that into perspective, Paul Masse Chevrolet in East Providence, Rhode Island, is said to have more than 200 Bolts in stock and pricing for those cars range from $35,688 to $41,488. GM is expecting to see their inventory drop down to the double digits by the end of this year
Not only is the Orion plant taking a vacation, the production plants at Lordstown, Ohio and Kansas City, Missouri, will be seeing three mode weeks of inactivity. Even the assembly plant in Oshawa, Ontario, will be taking an extra two weeks of vacation.