Keith Tanner said:I wonder how much of that Bolt price drop is due to changes in spec and or decrease in battery costs? And how much is the usual Big Three pricing strategy of setting a high MSRP and then bargaining down - comparing selling price vs MSRP will always give a bad comparison in a market where there is constantly $10k on the hood of an F150.
It's hard to evaluate how the Tesla depreciation has been, as the Model 3s showed up shortly before the market went into anomalous mode. Bolts and Model S are probably the only ones we have to go off, and the Model S resale probably suffered from the Model 3. We may have to wait a few more years for things to settle down to see how EVs hold their value in the long term.
And I think you missed 2 big ones regarding Bolt pricing. First the $7500 incentive. As a salesman I know the anticipation of reward is greater than fear of loss.
Second the Average Chevy dealer wanted nothing to do with EV's. If one was traded in, it went to auction. Driving the price lower and lower.
In fact most Chevy dealers only wanted to sell pickups and Corvettes. Some even traded their Corvettes for pickups. Cars were money losers for them. That's why a few years ago they wanted to stop building cars.