Published on November 29th, 2010 | by Christopher DeMorro
Each Chevy Volt Cost $40,000 to Build
That price makes the $41,000 MSRP seem downright reasonable. GM makes just $1,000 on each Volt sold. That isn’t a lot, considering that GM can make upwards of $15,000 on the sale of an upscale Suburban such as the Cadillac Escalade or GMC Denali. On the same token, GM also lost around $1,000 on every Chevy Cavaleir they sold, and they sold a lot of those. GM will make about $1,000 on every Volt sold. At that rate, it will take GM a long, long time to recoup the $1 billion some-odd dollars they spent developing the Volt.
These revelations come from Steve Rattner, who in his book “Overhaul” walks us through the auto bailouts that dominated last year. While I am surprised that GM, one of the world’s largest automakers, couldn’t build the Volt for cheaper, I guess it kind of justifies the Volt’s high cost. What say you though, in light of these revelations, is it really still worth the $41,000?
Source: GM Volt
Chris DeMorro is a writer and gearhead who loves all things automotive, from hybrids to Hemis. You can follow his slow descent into madness at Sublime Burnout.