We know there is a one year order backlog in Canada, but how many were sold there in the past three months?
The following Bolt EV sales were reported:
South Korea: 1014 in May, 1621 in June, 872 in July, 631 in August, 4625 through August for all of 2018
Canada: 1651 through August for all of 2018
I don't think think Canada numbers can be extrapolated going forward. Much of the Bolt volumn goes to Ontario, (they had a 14K incentive), July/August was a one time blip as people rushed to get a deal done & delivery by Sept 10. I got the last Bolt available in Ontario before the generous rebate was nixed.
I spoke with a lady from Gov't Dept of Finance, (overseers of the rebate program) yesterday, she said they were deluged with applications in July/Aug, & have not started to process Aug yet. NOTE: these applications/rebates cover all BEV & PHEV.
I wanted to order a 2019 model, & get exactly what I wanted, but with the election/new Gov't, I was sure the rebate would die, so I took the last one any dealer had. Every dealer I called was talking Jan/Feb for delivery of the 2019's. Dealers were given very limited allotments, ( mine was the only unit this dealer was allowed), hence the one year backlog.
That backlog is no more. After Sept, you can go online & find quite a few Bolts. People who had put down deposits, (they are refundable), walked when the generous rebate was yanked. The 14K didn't depend on your tax bill or income, everyone got it, even lease as long as the term was 36 or more months.
I see the sales of the Bolt from Aug on, in Ontario, being much worse than last year.
When you convert the currency, I dug $52,000 out of my checking account & paid cash for one. After rebate, it's still $38,000. It's a fun car, & across the fleet I've dropped my gas bill by $300/month. I figure payback is 5 years. If I had to pony up the full 52K, I would have bought 2 brand new Civics or Corollas for the fleet, & that's what many of the backlog orders are doing. Without the rebate, a business case cannot be made, & an LX or LE Civic/Corolla is a better equipped, more comfortable car.
A few will buy in because they have surplus $$, or firmly believe in the environmental aspect, but they are a minority.
It will be interesting to see Q4 numbers for Ontario. I would like to believe they are going up exponentially, but realistically I don't see them going mainstream here in the near term.