Matt just put out a new post on why he thinks the Volt's resale value is so low.
While many people are pointing to the risk about battery life and the cost to replace it, it could just be because the new gen Volts are significantly better than the first gen. This doesn't happen very often with conventional vehicles, and you usually only see marginal upgrades (ie. more airbags, USB ports etc).
An example situation is:
Scenario 1 - Your neighbor just got a job in Japan and posted on facebook their 1 year old TV – great shape, 1080P, the right size for you, gen1 smart-TV integration.
You do some quick browsing and find that the new version of that model is still 1080P, same MSRP, same smart-TV features.
How much are you willing to pay for the used TV, which has basically all the same features as a new one?
Scenario 2 - Same neighbor and used TV, but the new model is 4K, bigger screen for the same MSRP, and gen2 smart-TV integration. Heck it even feeds your cats and tutors your kids.
How much are you willing to pay for the used TV?
This might not be the best news for current Volt owners, but it's very good news for prospective Volt owners.
After a quick search on a used car website, you can find something like this:
Option 1: pay $4k+ more, sit in traffic, have no electric range. Option 2: save $4k+, save time, save on fuel and emissions.
Anyways, here's the full link to the article: http://www.fleetcarma.com/chevrolet-...-resale-value/
What are your thoughts?
While many people are pointing to the risk about battery life and the cost to replace it, it could just be because the new gen Volts are significantly better than the first gen. This doesn't happen very often with conventional vehicles, and you usually only see marginal upgrades (ie. more airbags, USB ports etc).
An example situation is:
Scenario 1 - Your neighbor just got a job in Japan and posted on facebook their 1 year old TV – great shape, 1080P, the right size for you, gen1 smart-TV integration.
You do some quick browsing and find that the new version of that model is still 1080P, same MSRP, same smart-TV features.
How much are you willing to pay for the used TV, which has basically all the same features as a new one?
Scenario 2 - Same neighbor and used TV, but the new model is 4K, bigger screen for the same MSRP, and gen2 smart-TV integration. Heck it even feeds your cats and tutors your kids.
How much are you willing to pay for the used TV?
This might not be the best news for current Volt owners, but it's very good news for prospective Volt owners.
After a quick search on a used car website, you can find something like this:
Option 1: pay $4k+ more, sit in traffic, have no electric range. Option 2: save $4k+, save time, save on fuel and emissions.
Anyways, here's the full link to the article: http://www.fleetcarma.com/chevrolet-...-resale-value/
What are your thoughts?