Production of the 2015 Chevrolet Volt will stop at the end of May. General Motors seeks to cut its stockpiles in the U.S. and aims to begin the manufacture of a redesigned version of the plug-in hybrid later this summer. GM spokeswoman Michelle Malcho cited many reasons for the suspension. These include engineering changes, plant renovations, and sales that failed to meet expectations.
In 2014, Volt sales in the U.S. fell 19% with only 18,805 units sold. Deliveries during the first quarter of 2015 were 48% lower with just 1,874 units sold. On April 1, there were 5,400 Volts held by Chevrolet dealerships. At the existing sale rate, these stocks will last 211 days, the Automotive News Data Center revealed.
A report from The Wall Street Journal actually talked about the production change even earlier. GM’s Detroit-Hamtramck plant builds the model. While Volt production is suspended, the plant will continue the production of the Chevrolet Malibu, Chevrolet Impala, Cadillac ELR and Opel Ampera. Later this year, this plant will start production of the Cadillac CT6 luxury sedan after it resumes Volt production.
It was in January at the Detroit auto show that Chevrolet introduced the redesigned, second-generation Volt. Powering the 2016 model is a new 1.5-liter engine. The first-generation model is equipped with a 1.4- liter engine.
Fans will love the fact that the next Volt will feature a bigger and more powerful gasoline engine as well as a more compact but more powerful battery pack. On the initial charge, it will have a 50-mile electric driving range – an improvement over the 2015 model that has a 38-mile range.
In a Reuters report in April 2014, GM revealed that it is offering two 2016 Volt options -- a standard edition and a low-cost version.
The standard Volt will be priced comparably to the current model at slightly under $35,000. It boasts a range of 380 miles. Priced at slightly more than $30,000, the more affordable edition can likely have a range of less than 300 miles.