Thứ Tư, 3 tháng 4, 2013

Shock, Consternation: Chevy Volt Sales Plummet

The much ballyhooed "green" automobile -- ostensibly one of Barack Obama's success stories -- is, as any 16-year old male could have predicted, an abysmal and catastrophic failure.

The Chevy Volt has inarguably been the poster child for President Obama's push to electrify America's auto fleet. Billions of taxpayer dollars have been spent to produce and subsidize the plug-in electric car. For years we have heard about the supposedly amazing technology for the Volt which would lead America to energy independence, be a "game-changer" for General Motors and provide a multitude of new green jobs. Proclamations were made that supply for the wonder-car could not keep up with the demand. Well, March's sales figures are in and give further confirmation that the lofty claims were all lies.

March's sales for the Chevy Volt plunged over 35% from last year to a paltry 1,478 units. To put that in perspective, that's about one Volt sold every two months per dealership. The number is also down from an only slightly less paltry 1,626 sales in February. GM's excuses for the poor performance seem to be drying up as quickly as the demand for the Volt. During GM's sales conference call, management claimed that sales are "stable" and that they are "feeling good about the trend." Such dishonesty brings into question GM's credibility.

In the past, GM claimed that lack of supply was the reason for low Volt sales. In addition, GM indignantly blamed a Republican conspiracy to hurt Volt sales as a contributing factor to the dismal sales figures for the car. Regarding supply, a recent search on cars.com showed that 6,804 new Chevy Volts are available nationwide. That's about a five months supply...

GM and the Obama Administration have done what they can to prop up sales of the Volt and give the false appearance of success. Lease terms were manipulated to manufacture demand, as GM even admitted. Crony Corporation General Electric (supplier of charging stations) agreed to purchase 15,000 of the vehicles. Localities, and even the military, used taxpayer dollars to purchase Volts. And worst of all, wealthy buyers of the Volt receive a federal tax credit of $7,500 each to purchase (or lease) the vehicles.

So, now we have one more indicator that the Chevy Volt hype has all been a farce. Yet there is still no admission nor is there any accountability for the hoax that cost taxpayers billions of dollars. The lie lives on as few will criticize the politically-sensitive green failure. The Congressional Budget Office reported that electric vehicle subsidies will cost taxpayers about $7.5 billion over a few years for little benefit...

As the nation faces imminent bankruptcy, will anyone in legacy media report on this idiotic and utterly predictable failure? That's a rhetorical question: we don't have a real media any longer; we have an established Beltway pundit class, more interested in getting invited to the right cocktail parties than actually doing their job.

Which also describes the RINO establishment.


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