GM Reportedly Halting Chevy Volt Production To Pare Down Excess Inventory
HAMTRAMCK, Mich. - Reports have abounded in the last week that GM is temporarily halting production of it's Chevrolet Volt line in the plant here. The reports, first published in Automotive News, note that sources have said the shut down will be from Mid-September until Mid-October, and will both allow GM to bring the supply of the Volt in-line with current demand. At the same time, the plant will also temporarily stop production of the Chevrolet Malibu as well.
According to widely circulated reports, during the shut-down, the 1,200 workers will be given unemployment compensation for the period, which will amount to roughly 90% of their usual pay.
GM has struggled to match production of the Volt to consumer demand, selling 13,000 so far this year. Dealers are reporting enough inventory to last 84 days at the current sales pace, which explains the temporary halt in production. The Volt uses a lithium-ion battery for the bulk of it's power, with a small gasoline engine for times when the battery runs low. It retails for $40,000.
More Industry

Ownership Priorities are Shifting
A new survey shows that in the U.S. vehicle quality for generation Z is largely defined by advanced safety features, intuitive technology and premium sound systems.
Read More →
Pump Price Jump Calculated
ISeeCars.com examined fuel costs for different power trains, finding which ones have experienced the biggest hits since the war in Iran commenced.
Read More →
Black Book: Weekly Market Update
Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.
Read More →
Arkansas Auto Group Acquires First Indiana Rooftop
Performance Brokerage Services represented both the buyer and seller in the sale of Carver Toyota of Columbus by Carlock Automotive Group.
Read More →
Stellantis to Dive Into U.S. Lending
The multinational maker of Chrysler, Dodge, Jeep, Ram and multiple other brands received conditional approvals for a Utah-based industrial bank.
Read More →
New-Vehicle Prices Rise
With April sales down, higher prices on in-demand large vehicles helped inflate the overall ATP, though increases were under long-term averages, Cox Automotive reported.
Read More →
Black Book: Weekly Market Update
Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.
Read More →
Black Book: Weekly Market Update
Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.
Read More →
EU Auto Association Urges Action
Trade relations between the European Union and the U.S. are at risk, causing the European Automobile Manufacturers Association to push lawmakers to make a decision.
Read More →
Driving into the Super CFC Era
Understanding the risks and benefits of retail accounting and Super CFCs can help you better present options to your dealer partners.
Read More →