Bolt inventory decreasing

[WadeTyhon]

I was also hoping that strong sales would be keeping the inventory down. But doesn't look like that is the case.
I hope Bolt sales can break 2,000 copies in February.

By the 27th or 28th we should be able to roughly estimate Bolt sales for the month. I hope 2,000 is possible but it will probably come a little short. However, YOY sales should be up significantly from 2017.

Based off current inventories weighed against 'new' inventories added over the past two weeks and in the last week of January, Bolt sales so far this month should be around 600-ish. But I didn't follow it closely in January or early February to say for sure. I was too focused on Model 3 production lol.

So let's see what things look like on the 27th of this month. We should be able to get a good idea about sales by then.

 

[WadeTyhon]

By the 27th or 28th we should be able to roughly estimate Bolt sales for the month. I hope 2,000 is possible but it will probably come a little short. However, YOY sales should be up significantly from 2017.

Based off current inventories weighed against 'new' inventories added over the past two weeks and in the last week of January, Bolt sales so far this month should be around 600-ish. But I didn't follow it closely in January or early February to say for sure. I was too focused on Model 3 production lol.

So let's see what things look like on the 27th of this month. We should be able to get a good idea about sales by then.

Just estimating for the month based on inventory: 1,400 - 1,600. Depends on what sales were for the first week and a half of the month when I wasn't paying attention.

I am thinking Volt sales are approximately 1,000-1,200. Again, depends on the first 10 days or so when I didn't grab any numbers.

 

[WadeTyhon]

Just estimating for the month based on inventory: 1,400 - 1,600. Depends on what sales were for the first week and a half of the month when I wasn't paying attention.

I am thinking Volt sales are approximately 1,000-1,200. Again, depends on the first 10 days or so when I didn't grab any numbers.

https://insideevs.com/february-2018-plug-electric-vehicle-sales-expect/

Bolt - 1,424
Volt - 983

Dang, I was 27 units too optimistic on Volt sales. Oh well, I'll take it. Decent numbers for both. Will only get better as the year goes on. Bolt was selling at a pretty brisk pace at the end of February. Especially considering inventory is still fairly low. For the last two days in particular, there were ~95 sales and ~80 sales of the Bolt.

 

[Domenick]

https://insideevs.com/february-2018-plug-electric-vehicle-sales-expect/

Bolt - 1,424
Volt - 983

Dang, I was 27 units too optimistic on Volt sales. Oh well, I'll take it. Decent numbers for both. Will only get better as the year goes on. Bolt was selling at a pretty brisk pace at the end of February. Especially considering inventory is still fairly low. For the last two days in particular, there were ~95 sales and ~80 sales of the Bolt.

Seems there are 2,870 new Bolts available at the moment, so demand seems pretty steady and decently matched to supply.

 

[WadeTyhon]

Seems there are 2,870 new Bolts available at the moment, so demand seems pretty steady and decently matched to supply.

That is certainly true. But 1,800 of them are actually leftover 2017s and only 226 of those are Premiers.

Only 111 of these have been on lots less than a month, so I'm gonna guess a lot of the rest are leftover base models with no CCS and no incentives from GM since it is last years model. They're gonna be there a while.

Good news is that if you don't need fast charging, you can probably pick one of these cars up for at least $4,000 off MSRP. Probably a lot more if you're good at haggling.

 

[HGTZ]

https://insideevs.com/february-2018-plug-electric-vehicle-sales-expect/

Bolt - 1,424
Volt - 983

Dang, I was 27 units too optimistic on Volt sales. Oh well, I'll take it. Decent numbers for both. Will only get better as the year goes on. Bolt was selling at a pretty brisk pace at the end of February. Especially considering inventory is still fairly low. For the last two days in particular, there were ~95 sales and ~80 sales of the Bolt.

Man! You really called it! Great Job!

 

[WadeTyhon]

Man! You really called it! Great Job!

Thanks! Wasn't 100% exact of course but close enough! I estimate as best as I can with the data I can access. Keeps me busy and my brain active on days when my workload is low!

Probably gonna focus on Tesla this month so I'll leave the Bolt inventory numbers to you!

I'm hoping 2018s are finally able to fill in dealerships. Right now there is less than 30 days of 2018 inventory on lots!

 

[WadeTyhon]

I was also hoping that strong sales would be keeping the inventory down. But doesn't look like that is the case.
I hope Bolt sales can break 2,000 copies in February.

Bolt sales for March are so far looking pretty darn good. You will likely get your 2,000 this month.

Also, Volt sales are over 1,000 so far this month - looking much stronger than it has in the past few months. And we still have 10 selling days left!

 

[Domenick]

There's 2,843 new Bolts out there for sale on Cars.com right now. Maybe we can judge the Chevy build rate using monthly sales and available inventory.

 

[WadeTyhon]

There's 2,843 new Bolts out there for sale on Cars.com right now. Maybe we can judge the Chevy build rate using monthly sales and available inventory.

Yep, once we have the final sales for this month it should be pretty easy to estimate the build rate with a reasonable amount of precision. At least for US deliveries.

At the moment the build rate for the Bolt appears to be about 500/week destined for the US and creeping upward from a month ago. But of course, that isn't counting production intended for Canada, South Korea or Europe. So the actual production is higher than that.

 

[WadeTyhon]

There's 2,843 new Bolts out there for sale on Cars.com right now. Maybe we can judge the Chevy build rate using monthly sales and available inventory.

If my data gathering is correct...

Estimated Bolt Sales: ~2025 (between 2000-2100)
New Bolt Inventories for the month: ~2005
This would be about a 100% increase over March 2017!

Estimated Volt Sales: ~1975 (between 1900-2000)
New Volt Inventories for the month: ~2030
Tight 2018 Bolt inventories and Model 3 delays surely helped here.

Just estimates based on inventories but it should be fairly close.

Volt Inventories seem very good. A little less than 60 days of inventory. Right where it should be.

But they need to crank out more Bolts! Less than 30 days of inventory on the 2018 Bolt... but only because they're selling almost as soon as they arrive on dealer lots. About 45 days including the 1400 remaining 2017 LTs that no one wants lol.

 

[WadeTyhon]

If my data gathering is correct...

Estimated Bolt Sales: ~2025 (between 2000-2100)
New Bolt Inventories for the month: ~2005
This would be about a 100% increase over March 2017!

Estimated Volt Sales: ~1975 (between 1900-2000)
New Volt Inventories for the month: ~2030
Tight 2018 Bolt inventories and Model 3 delays surely helped here.

Just estimates based on inventories but it should be fairly close.

Volt Inventories seem very good. A little less than 60 days of inventory. Right where it should be.

But they need to crank out more Bolts! Less than 30 days of inventory on the 2018 Bolt... but only because they're selling almost as soon as they arrive on dealer lots. About 45 days including the 1400 remaining 2017 LTs that no one wants lol.

Talking with Buzz, he mentioned that GM doesn't let a calendar month end on a weekend. So Monday is the "last day of the month" for sales purposes.

Did not consider this! So numbers will be a wee bit higher due to the extra day. So hopefully both break 2000.

Speaking of which, Buzz says he has sold 9 Plug-Ins this month (in Texas). His previous high for March was 5! He says other Texas dealers are now asking him for EV trades. That is something that never used to happen.