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"A spokesman for GM said on Thursday it would be easier to work with dealers on incentives than it would be to change the manufacturer’s suggested retail price on the vehicle."

https://insideevs.com/chevy-bolt-price-tax-credit/
This is a pretty worthless article headline (no offense to OP). GM (along with all other traditional automakers) almost NEVER drop the MSRP of a vehicle mid model year. That's like reporting the sun rose in the morning, and being shocked by it.

IEVs has taken a turn for the worse lately. It's almost become what Electrek used to be. Surprisingly, Electrek has been publishing more articles critical of Tesla.
 

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This is a pretty worthless article headline (no offense to OP). GM (along with all other traditional automakers) almost NEVER drop the MSRP of a vehicle mid model year. That's like reporting the sun rose in the morning, and being shocked by it...
I posted this as there were several forum members who asked- during discussions of whether to currently purchase or upgrade a Bolt- if there was any word on what would happen to prices after the Fed Tax Credit for GM EVs/PHEVs is halved on Monday.

While the headline indeed states the obvious, the GM spokesperson generally confirms that there will most likely be new incentives to deal with the partial loss of the tax credit.

That's as close of a prognostication/answer as we're going to get at this point. Whether the new incentives will partially or completely offset the halving of the tax credit remains to be seen (and this issue will continue when the tax credit is further reduced this Fall and this time next year, unless GM and other manufacturers prevail in getting the tax credits extended somehow).

The only sure bet to get the full $7500 credit is to take delivery of a new Bolt before Monday.
 
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I posted this as there were several forum members who asked- during discussions of whether to currently purchase or upgrade a Bolt- if there was any word on what would happen to prices after the Fed Tax Credit for GM EVs/PHEVs is halved on Monday.

While the headline indeed states the obvious, the GM spokesperson generally confirms that there will most likely be new incentives to deal with the partial loss of the tax credit.

That's as close of a prognostication/answer as we're going to get at this point. Whether the new incentives will partially or completely offset the halving of the tax credit remains to be seen (and this issue will continue when the tax credit is further reduced this Fall and this time next year, unless GM and other manufacturers prevail in getting the tax credits extended somehow).

The only sure bet to get the full $7500 credit is to take delivery of a new Bolt before Monday.
Yeah, my response was more a slam against IEVs bait-clicky headlines than anything else. It seems these days they do whatever it takes to appease their TSLA loving reader base, even if it means making stories out of non-stories, or ignoring stories putting Tesla in a bad light (not publishing the news of the delay of $35k Model 3 deliveries for example).
 

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This is a pretty worthless article headline (no offense to OP). GM (along with all other traditional automakers) almost NEVER drop the MSRP of a vehicle mid model year. That's like reporting the sun rose in the morning, and being shocked by it.

IEVs has taken a turn for the worse lately. It's almost become what Electrek used to be. Surprisingly, Electrek has been publishing more articles critical of Tesla.
IMHO this is just very smart marketing of vehicles. GM can adjust the transaction price monthly without the yo-yo price changes like Tesla. Adjust the incentives even regionally to obtain the desired sales.

Keep the sticker price constant and adjust incentives based on sales, competition, tax incentives, whatever. GM has been at this car sales thing for a while...
 

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IMHO this is just very smart marketing of vehicles. GM can adjust the transaction price monthly without the yo-yo price changes like Tesla. Adjust the incentives even regionally to obtain the desired sales.

Keep the sticker price constant and adjust incentives based on sales, competition, tax incentives, whatever. GM has been at this car sales thing for a while...
If a product was advertised by 2 different stores for the exact same price, but one product was advertised at an "everyday low price of $1.99", and the same exact product was advertised "50% discount! Only $1.99!" at another store, the 2nd would always end up selling more, all other things equal, since people perceive it to be the better value, even though they are the exact same price.

Likewise, I'm sure a $43k Bolt marked at $10k off MSRP at $33k would sell more than a Bolt that had its sticker price dropped to $33k (and no further discounts).
 

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Yeah, my response was more a slam against IEVs bait-clicky headlines than anything else. It seems these days they do whatever it takes to appease their TSLA loving reader base, even if it means making stories out of non-stories, or ignoring stories putting Tesla in a bad light (not publishing the news of the delay of $35k Model 3 deliveries for example).
It annoys me too, which is why I tend to avoid "news" altogether. Nearly all of the major media outlets do this now, and there are countless websites devoted entirely to click-bait stories.

IMHO this is just very smart marketing of vehicles. GM can adjust the transaction price monthly without the yo-yo price changes like Tesla. Adjust the incentives even regionally to obtain the desired sales.

Keep the sticker price constant and adjust incentives based on sales, competition, tax incentives, whatever. GM has been at this car sales thing for a while...
I don't have the full picture of how informed the public is, but I'd assume people would be way more likely to know the MSRP of a vehicle and be oblivious to the discounts, especially since discounts are not advertised as heavily and constantly change. With Tesla, you log into the website and it tells you right there the price of the car, even if it does fluctuate.

What's the problem with a fluctuating price vs fluctuating discounts? Perception is the only thing.
 

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If a product was advertised by 2 different stores for the exact same price, but one product was advertised at an "everyday low price of $1.99", and the same exact product was advertised "50% discount! Only $1.99!" at another store, the 2nd would always end up selling more, all other things equal, since people perceive it to be the better value, even though they are the exact same price.

Likewise, I'm sure a $43k Bolt marked at $10k off MSRP at $33k would sell more than a Bolt that had its sticker price dropped to $33k (and no further discounts).
Interesting you should mention those particular figures. I originally was trying to buy an LT instead of a premier, (Because I figured I couldn't afford the Premier at 42k base, plus DC Charging, and other stuff, should have brought the list up to 45k) and I was trying to stay at a 35k out the door price point. After a lot of hemming and hawing and dealer protestations that at that price, the dealership would be making nearly zero, they finally aquessed, and accepted that price. We started trying to find an LT. They found one, apparently 250 miles away.

After waiting an hour, I was told it was already in the process of being sold. They "managed " to find another, 500 miles away, with more options, but it would cost $37,000 - at least it had DC fast charging, which I really wanted, so I said ok. That fell through too. They found anther, with even more options, 38,5k. The assured me, that with the options package, they were still making nearly zero profit, and "man was I lucky, 'cause there were just no other ones available, as well as me being a great negotiator!" Sha, right.

Sooo, I decided to go home and think about it. (Boy, were they not happy about that!)

I got on the internet, and found a Premier, at another dealership *in the same town* advertised for 34k plus tax, license and fees! WTF?

I called the original dealership back and told them I was going to go for that one, and they were full of baloney. They said, "Oh, we have a Premier, didn't know you wanted one of those! We'll match that deal".) Sheesh. So, I got a Premier, with *all* the stuff, for about 10k under "List" price, 37k.

This, apparently, unfortunately, is how to buy a car at a dealership. You spend all day fighting with them, then when they have an entire day invested in you, you break off, go find the best advertised price in the country, and stick to that price.

{See attached screenshot of wild price differences}

Also, you may not agree with me, but I believe that dealerships pay 10k under "list" price for vehicles, across the board. Because this experience closely mirrors that last two cars I've bought (2007 Tacoma, Honda Accord).

And one other thing. It's a shame they don't just drop the list price. Because, the DMV in my county assesses registration and renewal fees by LIST price, not purchase price, 1%. So, even though I paid 37k for the car, I was asses a fee of $430.00 (1% of the list of 43k. That a lot of bucks.)
 

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And FWIW, Motortrend just picked-up the story too (with a little more detail):
https://www.motortrend.com/news/gm-wont-lower-price-chevrolet-bolt-tax-credit-phaseout/
I think reuters was one of the earlier ones.

https://www.reuters.com/article/us-...as-u-s-tax-credit-for-evs-drops-idUSKCN1R92QI

Michelle Krebs, an analyst at AutoTrader, calls government incentives a big factor in consumer purchase decisions. “Tax credits make a difference,” she said.

GM will offer new incentives next week for EVs as the current monthly incentives expire, the company said.

GM is currently offering an incentive on Bolt EVs of 14 percent of the suggested retail price, Cain said.

Cain said GM is “sensitive to affordability” of EVs for customers but declined to specify what future incentives GM will offer.
 

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I wouldn't be surprised if GM publicly stating they are not dropping MSRP is strictly so people don't think they can get a better deal after the credit halves. By announcing they aren't chopping MSRP, it gives people 0 incentive to wait it out next month and just buy now to lock in the 7500 credit.
 

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I hate dealing with dealerships. Outrageous maximizing positions by a so-called supervisor is what almost caused my family to not buy a Bolt. We were literally 75 miles into going home when the supervisor called on the cell and took back his original position and allowed the purchase to happen.
 

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Given the limited supply and high markup on the Hyundai Kona Electric and Tesla's delays in actually delivering sub $40,000 Model 3s, I don't see why GM would have a compelling reason to lower the MSRP at this time.

Also, if GM does end up lowering the MSRP, it will probably be with the 2020 Bolt EV (possibly in combination with a refresh).
 

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Agreed, it would happen during a model refresh/change.

I pretty quickly talked a salesman down from $24k to $17,400 on a used car once. My first and only offer was $17k, so I drove home. I had no intention of buying that day anyhow, just wanted to see the car, which I think is the best move in practice (don't buy the first day you visit). A week later the salesman called and asked if I still wanted the car, and I said yes, still at $17k. He refused. Another week later he called and asked if I wanted the car at $17k, and I said yes, if that was the out the door price.

At the dealership they tacked on $100 making it $17,100. I was furious and got up to leave. The salesman said it was only $100, and why let a deal fall through for such an insignificant amount of money? I said "exactly". He took the $100 off his end. I demanded to close the deal with a different salesman so he wouldn't get the commission.

These guys have no shame wasting your time and trying to squeeze blood from a rock.
 
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