CHEVROLET VOLT RESALE VALUE SET AT $17,000 AFTER THREE YEARS
With gas prices up, amalgam and electric cars attending like abundant options for adeptness consumers who wish to save money at the pump. But according to Kelley Blue Book, the 2011 Chevrolet Volt will be account just $17,000 afterwards 36 months of buying – a cogent bead from its $41,000 sticker price. “Despite all the advertising and assorted Car of the Year honors, Volt retains alone 42% of its aboriginal amount afterwards three years of buying — a lower allotment than a 2011 Toyota Prius amalgam (46%) but added than a 2011 Ford Focus (37.5),” letters USA Today.
The Volt’s projected resale is based on gas prices blockage about $4 per gallon, but if gas prices abide to acceleration the Volt’s acclimated car amount could go up as well.
Eric Ibara, administrator of balance amount consulting at Kelley Blue Book told Automotive News that while the Volt’s projected balance amount seems low, the aboriginal 200,000 Volts awash authorize for a $7,500 federal tax credit, which basically drops the sticker amount to $33,500. Automotive News comments, “Using that number, KBB’s bump agency the Volt will accumulate 51 percent of its value, bigger than some rivals.”
Not all of the automotive columnist thinks that the tax acclaim should be factored in to the Volt’s projected resale value. “As we see it, factoring in the $7,500 tax acclaim is crazy, but we’ll let you guys and gals agitation that,” writes Autoblog. “KBB expects to set residuals for the… $32,780 Nissan Leaf, which aswell qualifies for the $7,500 federal tax credit, after this year.”
Automotive News says that projected resale ethics for cars like the Volt and the Toyota Prius “have been aching by an accepted beachcomber of smaller, fuel-efficient cars that will be launched this year and next.” Nevertheless, Ibara says that the Volt “has new technology that is traveling to be adorable to humans searching for a three-year-old vehicle.”
Shopping for a new car? Check out the U.S. News rankings of this year’s best cars. Then, attending for a abundant accord on a new car by blockage out this month’s best car deals. Also, be abiding to chase us on Twitter.
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