Chevy Volt sales so slow, GM idles production

Chevy Volt sales should be perking up with high gas prices. Instead, General Motors has decided to stop producing the Chevy Volt for five weeks.

Volt sales have been so slow this year, the company needs to adjust production to demand. And so far, Volt demand has fallen well short of original expectations. Back when GM launched the Chevy Volt, it boldly targeted sales of 10,000 in 2011 and 60,000 in 2012. Last year, GM sold 7,671 Volts and just 1,626 this year

Why have sales been slow?

 Some of it is due to the slow ramp up in sales last year. While the entire country saw ads for the Volt, the car was sold most of the year in select markets. Then the controversy and investigation into Volt battery fires left a cloud hanging over the electric car.

But the biggest factor may be the price of the Volt. At $33,500, the Volt is not cheap. Yes, for that price owners can get impressive mileage and pay a fraction what others are paying for gas. Still, with 22 models for sale offering at least 40 MPG, a lot of buyers looking for fuel efficiency are content to buy a hybrid or gas powered car for well under $30,000.

http://www.csmonitor.com/Business/Latest-News-Wires/2012/0303/Chevy-Volt-sales-so-slow-GM-idles-production

The part about it not making sense compared to cars that get almost the same MPG for le$$ sure sounds familiar....