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Friday 10 April 2020

As overall Chevrolet sales fall, Bolt EV sales are up 36 percent

Tesla isn’t the only automaker that sold a surprising number of EVs in the first quarter. Chevrolet sold 5,873 Bolt EVs in Q1 2020, an increase of 36.1% compared to a year ago. The Bolt may just be the second most popular EV in the US at the moment, behind only the Tesla Model 3 (it’s hard to say for sure, as Tesla doesn’t break out sales figures by models or markets).

True, GM had to resort to some heavy discounting to move this many Bolts (the EV has seen declining sales for the last two years). Dealers were offering discounts of up to $10,000 off MSRP, and leases starting at $199 a month. (Check your local dealer—some great deals may still be out there.)

Discounts or no, the Bolt defied a trend of declining auto sales across all GM’s brands in Q1: Chevrolet shed 3.8%; GMC gave up 5%; Cadillac cratered by 16%; and Buick blew it to the tune of a 35% drop.


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