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Chevrolet reveals Bolt leasing program at $309/month

Back in January of this year, Chevrolet revealed the details of the Bolt electric vehicle. At around this time, the brand also disclosed that the Bolt would come with a $30,000 base price, after considering the federal tax credit of $7,500. Thus, for an electric vehicle that delivers a range of at least 200 miles, this price can be seen as affordable. However, there remains to be interested customers that will either not have the $30,000 easily on hand, hesitant to spend such amount even if they have it, or will not spend it in payments.

That’s why Chevrolet has come up with a program that will allow customers the chance to drive such a vehicle. According to Electrek, GM Financial has started a leasing program specifically for the Bolt with no cash down and a minimum amount of $309 per month after incentives.

That said, it is obvious that should a customer opt to lease a Bolt instead of purchase one, that same customer will not be able to take advantage of the federal tax credit. What General Motors will do is to pass this to the customer resulting in a lower monthly payment. While an $80 fee per week may be difficult for some, this remains to be a good bargain considering that the Bolt was named by Motor Trend as Car of the Year.

Read the entire article Chevrolet reveals Bolt leasing program at $309/month

Alfa Romeo dangles $299 a month lease deal for Giulia sedan in the US

For motorists in the United States who think that driving a new Alfa Romeo is worth it, here comes some very good news. Alfa Romeo is slashing $100 off the usual monthly lease for the new Giulia. More specifically, Alfa Romeo is offering US drivers a 24-month lease deal that entails a down payment of just $3,299 and a monthly payment of $299.

This seemingly sweet lease offer comes as the Italian premium carmaker seems to be having some trouble to meet its expectations for the Alfa Romeo Giulia premium mid-size sedan in the US. Although the Italian carmaker has seen sales of the Giulia increase month by month since January 2017, it has yet to breach the 1,000 monthly sales barrier. From a measly sales number of 70 units in January 2017, the Alfa Romeo Giulia crawled its way up to 992 examples in June 2017, for a total of 3,475 units in the first six months of 2017. The increase seems encouraging, but it falls short of the expectations that the Giulia would be a big seller.

For $299 a month, this lease deal is enticing for customers looking for a gorgeous car with Italian design and heritage, state of the art technologies as well as great handling and sprinting capability. This offer refers to a base, rear-wheel drive version of the Alfa Romeo Giulia (with 22L package), with the pricing based on an MSRP (manufacturer’s suggested retail price) example of $38,990.

Read the entire article Alfa Romeo dangles $299 a month lease deal for Giulia sedan in the US

2017 Chevrolet Bolt earns IIHS Top Safety Pick Award

The Insurance Institute for Highway Safety gives its Top Safety Pick Award to the 2017 Chevrolet Bolt EV, and they have got videos of it during the crash test procedures to prove to us why.

The procedure requires cars to go through five crashworthiness tests including: small overlap front, moderate overlap front, side, roof strength, and head restraints and seats. While the Bolt came out with good results on all five tests, one thing that it does not have are good headlights to avoid getting into an accident.

Results by the IIHS say that the headlights "provide good visibility but produce excessive glare for oncoming drivers". Furthermore, the company wrote in a press release that “the car avoided collisions in IIHS track tests at 12 mph and 25 mph, and the system has a forward collision warning component that meets National Highway Traffic Safety Administration criteria”.

Read the entire article 2017 Chevrolet Bolt earns IIHS Top Safety Pick Award

GM completes mass production of 130 self-driving Chevrolet Bolt test vehicles

General Motors is inching closer to its goal of building vehicles that aren’t just friendly with the environment, but are also fully autonomous. This comes as GM’s Chevrolet division recently completed the assembly of around 130 units of Chevrolet Bolt electric vehicle employing mass-production techniques.

These 130 Chevy Bolt EVs – which are still test units -- are equipped with the carmaker’s next generation of self-driving technology, as developed by Cruise Automation, a GM subsidiary. The first of these 130 self-driving Chevrolet Bolt EV test vehicles rolled off the production at GM’s Orion Assembly Plant in Orion Township, Michigan, in January 2017. At that moment, GM achieved a new milestone by becoming the first carmaker to assemble self-driving test vehicles in a mass-production facility using mass production methods.

These 130 units of next-generation self-driving Chevy Bolt EVs are set to join over 50 units of current-generation autonomous Bolt EVs that are now deployed in testing fleets in several locations like in San Francisco, California; Scottsdale, Arizona; and metro Detroit in Michigan. Engineers from both GM Cruise Automation engineers have been testing self-driving Chevrolet Bolt EVs on public roads in San Francisco and Scottsdale since June 2016. These engineers have also been testing these Bolt EVs on public roads in Warren, Michigan, since January 2017.

Read the entire article GM completes mass production of 130 self-driving Chevrolet Bolt test vehicles

Hyundai revealed that it is offering customers more options to drive the Ioniq EV. Back in November, the brand revealed that it was offering a subscription plan and now it has disclosed just how much this will cost.

The lowest appears to be a monthly fee of $275 plus tax for a total of 36 months. However, it does require you to put in a down payment amounting to $2,500. But if you happen to buy the Ioniq EV in California, the state offers a rebate totaling $2,500. This makes sense considering that Hyundai will only be making this subscription plan available in California. Take note though that it will not cover the entire state as for now it will only include three counties: Riverside, Orange, and Los Angeles. The brand did say that later this year this subscription will be offered in San Diego and Northern California.

There will be three trims offered. The base model is the Electric trim. The other two are Limited, which costs $305 plus tax, and the Limited with the Ultimate Package, offered at $365 plus tax. Assuming that all trims will have the “zero-money” down initiation fee plus the fact that customers will be required to get a three-year subscription, this means that Electric trim can go as high as $9,900. For the Limited it will be $10,980, and the Ultimate Package will come at $13,140.

Read the entire article Customers can lease Hyundai Ioniq EV for a low $275 per month

Around four months after Chevrolet commenced selling the 2017 Chevrolet Bolt in the United States, this accessible electric crossover has already reached a new milestone. As Chevrolet disclosed, as of April 2, 2017, 3,492 Bolt owners in the US have driven a cumulative 4,570,300 miles since its sales began in December 2016.

Considering the Bolt’s economy and the average EPA-estimated fuel consumption of 2017 vehicles in the US (26 mpg), the total electric miles driven on the Bolt means that over 175,000 gallons of fuel have been saved.

On a single charge, the Bolt EV could be driven as far as 238 EPA-estimated miles. Thus, it was amazing that one owner reported having continually driven a new Bolt for a record 310 miles without recharging. This new record is way beyond how far a Bolt could go in average (electric range), but thanks to efforts its owners, it is possible to make the EV exceed its EPA-estimated range. The fact that an average Bolt owner driving around 53 miles daily shows that the EV is suitable not just for day-to-day drives, but also when going on a road trip.

Read the entire article 175,000 gallons of fuel saved through new 2017 Chevrolet Bolt EV

They say that when the going gets tough, the tough get going. That’s what Harvey Payne did with his Chevrolet Bolt. Ever since he bought it, it had been experiencing a number of issues and had to be constantly brought to the shop. Hailing from California, Payne did what few people would probably do and that is ask the automaker for a buyback.

In order to drive his point home, he made a 20-minute video revealing what has been happening and posted it on video-sharing site YouTube.

According to him, he had just recently received the Bolt from delivery when it started showing the “service vehicle soon” light. He immediately took it to his local Chevrolet dealer and not surprisingly, said light went away. Since the dealership was unable to reproduce this particular issue, it returned the vehicle to Payne. After that the light returned and it was not alone.

Read the entire article Chevrolet Bolt owner asks for buyback and GM says yes

The ride-sharing fleet of sharing Lyft Inc. will soon include thousands of specially fitted self-driving Chevrolet Bolt electric vehicles, courtesy of General Motors. If plans push through, Lyft’s clients would be riding in autonomous EVs as early as start of 2018, according to a report by Reuters, citing sources privy to GM’s plans.

This brings the partnership between GM and Lyft to a new level – a technologically advanced collaboration that involves not just innovative electric vehicles, but also ground-breaking autonomous ones. Deploying thousands of self-driving Chevrolet Bolt EV to Lyft would allow the United States-based carmaker to accelerate tests of its autonomous technology on its zero-emission cars. One of Reuters’ sources divulged that Lyft is planning to deploy these autonomous Chevrolet Bolt EVs for testing in a number of states across the US.

GM’s plans are in line with pronouncements of its executives and with its investor presentations in 2016 that it intends to build a high volume of self-driving vehicles and then deploy them in ride sharing services like Lyft. Despite these pronouncements ad presentations, details are still vague as to how many autonomous vehicles will be built or when the US carmaker is specifically planning to deploy them. In fact, GM has only said in recent statement that its autonomous vehicle technology will be featured in an on-demand ride sharing network application sooner than people have expected. It should be noted that the GM acquired a minority stake in Lyft in 2016 for around $500 million.

Read the entire article GM to deploy thousands of self-driving Chevrolet Bolt EVs to Lyft’s ride-sharing service

Looks like Chevy Bolt went into full speed--- almost immediately after its production version was officially launched. To keep the momentum going, it beat Volvo S90 and Hyundai Genesis G90 in bagging the 2017 North American Car of the Year award.

This week’s event in Detroit has also included the announcement of several winners in other categories. The 2017 Truck of the Year went to Honda Ridgeline, beating its closest competitors ---the Nissan Titan and Ford’s Super Duty F-Series pickup. Chrysler Pacifica meanwhile bested Mazda’s CX-9 and Jaguar’s F-Pace for the Utility of the Year award, which was divided into separate categories under minivans, crossovers just to name a few.

It’s undeniable that Chevrolet’s latest entry is the real gem out of the many contenders for this year. The small yet affordable electric hatchback with 238 miles of range was also named “Green Car of the Year” and “Car of the Year” by Motor Trend and Green Car Journal.

Read the entire article Chevrolet Bolt EV is named 2017 Car of the Year at the Detroit Auto Show

Black Friday is often regarded as a great day for consumers in a number of areas in the United States, including California. This is particularly because on this specific day of the year – a day just after Thanksgiving – companies are racing to offer the lowest prices and the best deals available.

A Fiat dealership – Orange Coast Fiat in Costa Mesa, California -- is riding on this wave by offering the new Fiat 500e all-electric hatchback for lease for just $49 per month. Yes, the good people of California could avail of this lease for less than $50 a month, good for 36 months. Additional good news is that those who availed of this lease don’t have to shell out anything as a down payment.

However, this promo is only a “Limited Inventory” lease, which means only a few units will be available. Of course, this promo is – so far – available only at Orange Coast Fiat and there has been no news yet of other Fiat dealers offering a similar deal. Orange Coast Fiat’s Limited Inventory $49 per month lease deal for the new Fiat 500e all-electric hatchback is available from November 25 (Black Friday) to November 27.

Read the entire article California dealer offers $49/month lease deal on Fiat 500e for Black Friday

The release of the Bolt EV signals Chevrolet's big step in making electric vehicles more appealing to the masses. Two factors that make it possible for the Bolt to achieve this is the range of 383 kilometers (238 miles) on a full charge and the fact that it comes at a reasonable price.

Starting with the issue of price, the Bolt will be the first in the new line of electric vehicles to enter the market at a rather affordable rate. While there are indeed a number of less expensive selections, most of them have a problem with regards to range. The Nissan Lead for example has difficulty reaching 160 kilometers (100 miles). The Bolt though boasts of a range that is two times longer. Although the initial price before government incentives is at $37,495, taking into account the tax rebates could likely lower the amount to $29,995.

Chevrolet is said to offer a Premier trim which adds in the mirror a display for the rear camera, a camera system that allows for rotation of 360 degrees, and the leather seats. There is however no word as to the price of this trim. Being the first model in a segment that is just starting to grow, the Bolt has the benefit of being the first mover. While the Tesla Model 3 is expected to be an electric car that is affordable with a starting price estimated at $35,000, official market launch is still a year away. In terms of range, the Tesla Model 3 is estimated to go 346 kilometers (215 miles), still lower than what the Bolt has to offer.

Read the entire article GM starts production of its new 2017 Chevrolet Bolt EV

The EV1 was General Motors’ first mass-produced electric vehicle. It was released produced and leased from 1996 up to 1999. However, the dream to make an emission-free world was crushed in 2004; and we mean that literally. One of the reasons why GM crushed every EV enthusiast’s dream along with the EV1 is because at that time the market for EVs was very small and producing an EV was then deemed unprofitable.

It was a sad year for every EV enthusiast but it didn’t signal the last efforts GM made for EVs. Over the years, GM has been in the works developing EVs and has been able to build and sell two generations of the Chevrolet Volt. And just this year, GM launched its first pure electric vehicle ever since the EV1 – introducing the 2017 Chevrolet Bolt. The Chevy Bolt EV is another addition to the contenders for the best 200-mile EVs below a $40,000 price range. It is said to be a tough competition of the Tesla Model 3 – which by the way is already a phenomenal hit.

Despite all the hustle and bustle that the Chevy Bolt is making, there are still some EV owners and fans that can’t help but become skeptical about GM’s plans. The Bolt EV will be replacing the low-volume compliance car, the 2016 Chevy Spark EV. It will also be the “first mass-priced 200-mile electric car” once it will be released in the market which is targeted to happen by the end of this year or early 2017. The first cars will be delivered in California and in other places where EV cars are abundant.

Read the entire article Is the 2017 Chevrolet Bolt EV just another compliance car?

Chevrolet’s designers dreamed of creating a magnificent electric vehicle that surpasses all boundaries and challenges the normal expectations from an electric automobile. That’s how the 2017 Chevrolet Bolt EV – its first ground-up, long range electric vehicle – came to be.

Chevrolet wanted to give its EV a complete design makeover. Stuart Norris, MD of Design, said that the design team overcame the task by creating a progressive design for its global customers that emphasized exceptional graphics and that boasted a larger passenger space. The 2017 Bolt EV has been styled with unique proportions and is powered by a flat battery package that lies below the interior floor.

The car has a solid stance with a 102.4 inch wheelbase and a wide track, depicting a small crossover. It utilises advanced next generation technology that generates tremendous driving power from a short front overhang. The designers have successfully drawn a progressive profile on the exterior, evident in the large windows, steep windshield and plunging beltline. They also developed a spacious interior that has an airy and well-lit feel.

Read the entire article 2017 Chevrolet Bolt EV makes its debut

Ally Financial Inc. has recently been named as the preferred U.S. auto lender of Aston Martin Lagonda Ltd. as part of a move to boost sales. Ally used to be GM’s financing arm. In a statement, the luxury sports car maker said that beginning in late May, American buyers will be able to access Ally’s lease and retail finance program at the brand’s 37 dealerships for all core sports cars.

In this statement, Julian Jenkins, president of Aston Martin’s Americas unit, said that it searched extensively for a financial services provider. He also said that Ally will be able to meet its customers’ high standards. Aston Martin, the sole global luxury-auto brand that doesn’t belong to a bigger group, hopes to increase sales to be more competitive.

Aston Martin has been trying to raise money for research and for development of new models. Daimler AG, which supplies engines and electronics to Aston Martin, revealed last August that it has increased its stake in the sports car brand to 5%.

Read the entire article Aston Martin names Ally Financial as preferred auto lender in US

By 2017, General Motors will have an electric car that has a range of 200 miles, a person privy with the carmaker told Automotive News. GM unveiled a concept of the EV -- the Chevrolet Bolt -- at the ongoing Detroit Auto Show. The car will be larger than the Chevrolet Volt and will feature a hatchback body style, the source disclosed.

It will be sold at a starting price of between $30,000 and $35,000 – similar to the range planned for the Tesla Model 3, which the Bolt is pitted against.

Both the Bolt and the Model 3 are expected to be launched in 2017. The net price of the Bolt would go down under $30,000 after a federal tax credit. GM registered for the Chevrolet Bolt trademark in August, according to GM Authority.com.

Read the entire article GM eyes to launch Chevrolet Bolt EV with 200-mile range

Besides the 2016 Chevrolet Volt, General Motors also brought the Chevrolet Bolt EV Concept at the 2015 North American International Auto Show (NAIAS). The small vehicle previews an affordable, yet long-range all-electric vehicle that was designed to offer more than 200 miles (320 km) of range.

According to the official press release, the Bolt EV features unique proportion, with practically no front or rear overhang, which means plenty of interior space. As you can see from the photos, the interior features lightweight materials such as aluminum, carbon fiber and magnesium as well as woven mesh.

In addition, the Bolt EV features a frosted glass roof with unique, faceted design elements. Moreover, there is a high beltline that sweeps upward with the D-pillar, which culminates in an integrated roof spoiler. The advanced nano-composite rear hatch as well as the stylish wraparound rear window also give the Bolt EV a distinctive appearance.

Read the entire article Chevrolet Bolt EV Concept debuts at the 2015 Detroit Auto Show

SUVs, crossovers and pickups are expected to post the most off-lease growth in 2019 as the demand for these vehicles continues to rise, according to analysts from Kelley Blue Book. For 2014, cars led as the top segment coming off lease. Based on vehicles leased in 2014, off-lease volume of full-size pickups in 2019 will surge by 93 percent from last year’s levels.

On the other hand, off-lease volume for full-size SUVs and full-size crossovers combined is expected to hike 77 percent while off-lease volume of luxury compact SUVs and crossovers combined is projected to surge 71 percent. Off-lease volume of compact SUVs and crossovers combined is seen to grow 59 percent.

While non-luxury utility vehicles accounted for 28 percent of new-vehicle sales, it represented 46 percent of total industry volume growth, according to Eric Ibarra, director of residual value consulting at KBB. This indicates a shift in consumer preference from cars to trucks and utility vehicles.

Read the entire article SUVs, crossovers and pickups projected to log most off-lease growth in 2019

General Motors will unveil at the upcoming Detroit Auto Show an electric car concept that would preview an EV that would challenge Tesla Motor’s offerings with its 200-miles range, a source privy with the matter told Automotive News.

GM is planning to launch a production version of the Chevrolet Bolt concept by 2017. The carmaker will also unveil its redesigned Volt plug-in hybrid at the Detroit auto show. It registered for the Chevrolet Bolt trademark in August 2014.

According to the source, the Bolt bears a hatchback body style and is larger than the Bolt. It will have starting price of between $30,000 and $35,000, which means a buyer could purchase it under $30,000 once a federal tax credit is counted.

Read the entire article GM to unveil Chevrolet Bolt EV Concept at 2015 Detroit Auto Show

There would be a “steady lift” in leases as a portion of its sales volume in the United States next year, according to Acura division general manager Mike Accavitti. He noted that leases currently account for less than 40 percent of Acura’s volume, which is below the average in the luxury vehicle segment.

Accavitti remarked on the sidelines of the event by American Honda that Acura is behind the segment in terms of leasing percentage partly because many of its customers are from mass-market brands and are as not familiar to leasing as buyers from other luxury brands.

Acura’s customers traditionally have been loyalists or buyers moving up from Japanese brands like Honda, Nissan or Toyota.

Read the entire article Lease expected to account for 42-45% of US sales by 2015, says Acura boss

Toyota Motor Corp. is so confident in a future for fuel-cell vehicles that it plans to start selling its Mirai fuel-cell sedan in late next year. Mirai, which means “future” in Japanese, expresses Toyota’s confidence that hydrogen would be accepted by consumers in the United States as a clean fuel alternative in the next five years.

Toyota is planning to sell nearly 200 Mirai sedans when commences sale in California in late 2015 and 3,000 units by the end of 2017, with the increase in number coming from expanded marketing in Northeast US. Toyota Chairman Takeshi Uchiyamada said the Toyota targets around 700 sales of the Mirai globally in 2015 and “tens of thousands by 2020.”

Toyota plans to offer lease terms similar to Hyundai’s -- payments of $499 over 36 months, with an initial payment of $3,649 at signing. The carmaker also plans to offer the Mirai for purchase at $57,500.

Read the entire article Toyota Mirai is priced at $57,500 before incentives in the US, lease for $499/month