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Chevrolet News:2017 Chevrolet Bolt EV To Start At $37,495

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When Chevrolet announced the 2017 Bolt's range last week, they hinted that the model would have a price tag of under $37,500 and would qualify for the maximum $7,500 tax credit. Today, Chevrolet announced the starting price for the Bolt will be $37,495 when it arrives at dealers later this year. The company is quick to point out that the price drops to $29,995 once you add in the $7,500 federal tax credit. But we need to stress that this tax credit cannot be used during the purchase of the Bolt, so you're still paying the $37,495.

The base Bolt LT will come equipped with a regen-on-demand steering wheel paddle, 10.2-inch touchscreen, backup camera, and more. Premier models feature leather upholstery, heated front and rear seats, surround view camera, and the rear camera mirror. Chevrolet hasn't announced pricing for Premier at this time.

Source: Chevrolet
Press Release is on Page 2


DETROIT – The Chevrolet Bolt EV set the range benchmark for an affordable EV capable of going the distance by offering an EPA-rated 238 miles on a full charge. Now, Chevrolet is keeping its promise to offer the Bolt EV at an affordable price by confirming a base Manufacturer’s Suggested Retail Price of $37,495 including destination charge. Depending on individual tax situations, customers may receive an available federal tax credit of up to $7,500 for a net value of $29,995.

“Value is a hallmark for Chevrolet and the pricing of the Bolt EV proves we’re serious about delivering the first affordable EV with plenty of range for our customers,” said Alan Batey, president of GM North America and leader of Global Chevrolet. “We have kept our promise yet again, first on range and now on price.”

Bolt EV buyers will find range, cargo space, technology and safety features standard in a great vehicle with crossover proportions. The thrill of driving an EV, along with the sales and service support of a nationwide network of Bolt EV certified Chevrolet dealers, makes the Bolt EV a smart buy for any customer.

The well-equipped LT trim starts at $37,495 and comes with standard features that include, among others, Regen on Demand™ steering wheel paddle, rear vision camera, 10.2-inch diagonal color touch screen and MICHELIN™ Self-sealing tires (in certain circumstances). The top trim Premier includes all LT equipment plus additional standard features such as leather-appointed seats, front and rear heated seats, surround camera and rear camera mirror. Pricing includes destination and freight charges and excludes tax, title, license and dealer fees. The Bolt EV will be available at select dealerships in late 2016.


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Based on other packages on other Chevy auto's, makes one think that this will end up at about $3,000 more for the next level up.

So were looking at about $40,495, unless Chevy wants to make sure to be able to advertise a fully loaded BOLT at under $40K, then I would say $39,995 makes sense for a fully loaded BOLT.

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Biggest hurdle GM needs to overcome is not pricing but its backwards dealer network if it wants to sell these. Went into the local Chevy dealer to look at a new Volt, bought a truck there awhile back, good people.  Salesman said they "didn't bother to learn anything about it because people who wanted them had already done their own research."  He then suggested I would be happier with a Cruze or a Malibu.

Friend of mine was dead set on buying a Volt, Chevrolet dealership was so backwards in selling the car he went out and bought a Prius instead.

I love GM's new direction, but it needs to do some work with its dealers IMHO.

That being said, the Bolt drive train in a small sedan would be a no brainier for me if they got the details right.  I am very excited about this new development from GM.

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13 minutes ago, Drew Dowdell said:

Base is an LT?  That means they really aren't selling "base" models of the Bolt yet, if ever.  Other Chevy cars come in L and LS trims below LT. 

As I posted in the Mileage thread, they have the LT and Premier packages, so would this Premier package not be equal to the LTZ packages of other similar sized auto's?

That is my thinking on why I figure the cost would be about $3K more or so. Bolt LT & Premier packaged auto's would be equal to similar equipped LT & LTZ auto's.

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As models get refreshed, LTZ goes away and is replaced by Premier.   So for example, the 2016 Sonic has an LTZ trim, but the refreshed 2017 does not and has Premier instead. 

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4 minutes ago, Frisky Dingo said:

This will be a sales flop.

 A base $29k LEAF with a smaller battery and no quick charge only has a range of 84 miles. The Bolt can travel 2.8 times further on a single charge.

The LEAF with the larger battery and quick charge (which still isn't Level 3 charging like the Bolt) is $35k. The Bolt can travel 2.2 times further on a single charge.

For an EV buyer, spending an extra $2,500 to get more than double the range and the ability to have level three charging (plus all of the extras the Bolt gets you like CarPlay and AndroidAuto) is a no-brainer. 

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6 minutes ago, Drew Dowdell said:

 A base $29k LEAF with a smaller battery and no quick charge only has a range of 84 miles. The Bolt can travel 2.8 times further on a single charge.

The LEAF with the larger battery and quick charge (which still isn't Level 3 charging like the Bolt) is $35k. The Bolt can travel 2.2 times further on a single charge.

For an EV buyer, spending an extra $2,500 to get more than double the range and the ability to have level three charging (plus all of the extras the Bolt gets you like CarPlay and AndroidAuto) is a no-brainer. 

Nissan also doesn't have a Volt for their Leaf has to contend with. Also, a large portion of Leaf buyers lease. I don't foresee GM having a 13K incentive on Bolt. In reality, the Leaf will be much, much cheaper to buy. I don't think many people are going to see enough merit in the extended range to buy a car that is so at odds with the packaging and look most consumers at large are attracted to. Nothing against the car, just what I anticipate.

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EV buyers and hybrid buyers, for the moment, are a different breed of car buyer.   To you and I, the Bolt may not look very attractive (though I think it's probably the best looking of models that aren't Tesla)..  But when you look at cars like the Pruis, which not only looks terrible, but also has a terrible quality interior, and drives like utter crap.... EV and Hybrid buyers obviously don't care about these traits. They care about not using gasoline.  

GM is the first to offer an EV that truly can be a family's primary car if needed, and at a relatively affordable price.  That's a pretty big deal. 

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Tesla getting over 400K reservations in such a short period of time has gotten everyone’s attention.  But what pushed that number more, the brand label or the range?  Obviously a little of both, but I think label has more to do with it.  People don’t care if an Apple product is the fastest or has the best battery.  They simply want the label and they don’t want to read research all the particulars.  They can also brag to all their friends after making the purchase.  Same with Tesla.  Go count how many Tesla S owners currently also drive large gas sucking vehicles, or jet set around the world.  The Tesla allows them to cast an image, however false it is.  And while the Bolt appears to be an excellent product, it is lacking the brand label.  But maybe people do cling to the range number and will use that as justification for their purchase.  These are much different times, and who knows which direction the consumer will go.  In fact, not knowing is what Ford bases their electrification strategy on….letting the customer decide for them.  Their strategy is to offer gas or EV or PHEV or Hybrid, all in the same vehicle.  The business case they make is obviously lower costs. They are also dead serious about it, investing $4.5B and introducing 13 additional electrification vehicles to market by 2020. Ford also stated that they would match any range of vehicle sold, which is little more than battery sizing.  And it’s not that they could not have made a battery fit their Focus EV to raise it from 117 mile range, but it is at the end of it’s life cycle.  And there is a compelling option to undercut the Bolt price significantly, perhaps under $30K.  And while that might not be enough to steal a lot of market share, it is cheap to do with great ROI.

 

There is no doubt we are living in a bold new automotive world.

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Watching to see how many BOLTS sell in the first 30-90 days and how it affects the Leaf, Focus EV, etc. will tend to tell how the market accepts these auto's. 

I wonder how the Ioniq will do as their battery pack is half of the bolt. I just do not see anyone wanting to spend 30K on a 100 mile EV when you can get 238 miles in a 30K CUV.

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1 minute ago, Wings4Life said:

 

 

Tesla getting over 400K reservations in such a short period of time has gotten everyone’s attention.  But what pushed that number more, the brand label or the range?  Obviously a little of both, but I think label has more to do with it.  People don’t care if an Apple product is the fastest or has the best battery.  They simply want the label and they don’t want to read research all the particulars.  They can also brag to all their friends after making the purchase.  Same with Tesla.  Go count how many Tesla S owners currently also drive large gas sucking vehicles, or jet set around the world.  The Tesla allows them to cast an image, however false it is.  And while the Bolt appears to be an excellent product, it is lacking the brand label.  But maybe people do cling to the range number and will use that as justification for their purchase.  These are much different times, and who knows which direction the consumer will go.  In fact, not knowing is what Ford bases their electrification strategy on….letting the customer decide for them.  Their strategy is to offer gas or EV or PHEV or Hybrid, all in the same vehicle.  The business case they make is obviously lower costs. They are also dead serious about it, investing $4.5B and introducing 13 additional electrification vehicles to market by 2020. Ford also stated that they would match any range of vehicle sold, which is little more than battery sizing.  And it’s not that they could not have made a battery fit their Focus EV to raise it from 117 mile range, but it is at the end of it’s life cycle.  And there is a compelling option to undercut the Bolt price significantly, perhaps under $30K.  And while that might not be enough to steal a lot of market share, it is cheap to do with great ROI.

 

 

 

There is no doubt we are living in a bold new automotive world.

 

One of the things I keep reading is that it is easier and cheaper to engineer a car to be an EV from the start rather than try to convert an existing gas-powered platform to EV.  I don't know how true it is, but it seems to make sense.  In the Bolt and the Teslas, the battery helps to provide torsional rigidity.  On a Focus EV or Spark EV, the battery doesn't really contribute to the rigidity, thus the overall weight of the car is higher than it could be.  Also on the Bolt and Telsa, the wheels can moved forward... on an EV built off a gasoline based platform, engineers have to make things fit hardpoints that aren't as ideal for an EV.   Even the Nissan LEAF is an extremely modified variant of the older Versa platform and as such has all the baggage related to that.  A more recent example of this limitation is the Hyundai Ioniq, which was purpose built to be both a hybrid and EV.... in EV form, it too only has 110 miles of range like the Focus EV. 

So, while yes companies can convert a gas-powered platform to EV, a purpose built EV will nearly always be better.  

2 minutes ago, dfelt said:

Watching to see how many BOLTS sell in the first 30-90 days and how it affects the Leaf, Focus EV, etc. will tend to tell how the market accepts these auto's. 

I wonder how the Ioniq will do as their battery pack is half of the bolt. I just do not see anyone wanting to spend 30K on a 100 mile EV when you can get 238 miles in a 30K CUV.

I won't be looking at initial sales volumes as GM has already said they will be doing a slow roll-out of the car.  What I'm interested in is how long those cars sit on the lots or if they are sold before the truck even brings them in. 

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4 hours ago, Drew Dowdell said:

EV buyers and hybrid buyers, for the moment, are a different breed of car buyer.   To you and I, the Bolt may not look very attractive (though I think it's probably the best looking of models that aren't Tesla)..  But when you look at cars like the Pruis, which not only looks terrible, but also has a terrible quality interior, and drives like utter crap.... EV and Hybrid buyers obviously don't care about these traits. They care about not using gasoline.  

GM is the first to offer an EV that truly can be a family's primary car if needed, and at a relatively affordable price.  That's a pretty big deal. 

Although the current Generation Prius is a gigantic leap forward in the styling and interior department.  Also, drives much better than previous generations.  Still...GM needs to work harder to market the Volt and the Bolt, methinks.

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1 minute ago, A Horse With No Name said:

Although the current Generation Prius is a gigantic leap forward in the styling and interior department.  Also, drives much better than previous generations.  Still...GM needs to work harder to market the Volt and the Bolt, methinks.

Different strokes... I think the newest Prius is the ugliest in a long line of ugly. 

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7 minutes ago, dfelt said:

Watching to see how many BOLTS sell in the first 30-90 days and how it affects the Leaf, Focus EV, etc. will tend to tell how the market accepts these auto's. 

I wonder how the Ioniq will do as their battery pack is half of the bolt. I just do not see anyone wanting to spend 30K on a 100 mile EV when you can get 238 miles in a 30K CUV.

Pretty much this....the Bolt is an order of magnitude better than the Leaf, which has horrible crash test ratings, a short range, battery issues, and looks like a vacuum cleaner on wheels.

 

Domestics are very good at taking an idea put forth by imports and taking it forward for the win.  Remember the Genesis 4 cyl Turbo coupe and how it was going to be the car of the century according to all of the automotive writers? In the mean time, Mustang has the ecoboost and Camaro has a Turbo 4.  Meanwhile, the Genesis coupe is DOA.

1 minute ago, Drew Dowdell said:

Different strokes... I think the newest Prius is the ugliest in a long line of ugly. 

I actually kind of like it.  as one of my friends put it....something like a bunch of 1960's Citroen designers woudl do given LSD and a room full of Pokemon....in a good sort of way.

9 minutes ago, Drew Dowdell said:

One of the things I keep reading is that it is easier and cheaper to engineer a car to be an EV from the start rather than try to convert an existing gas-powered platform to EV.  I don't know how true it is, but it seems to make sense.  In the Bolt and the Teslas, the battery helps to provide torsional rigidity.  On a Focus EV or Spark EV, the battery doesn't really contribute to the rigidity, thus the overall weight of the car is higher than it could be.  Also on the Bolt and Telsa, the wheels can moved forward... on an EV built off a gasoline based platform, engineers have to make things fit hardpoints that aren't as ideal for an EV.   Even the Nissan LEAF is an extremely modified variant of the older Versa platform and as such has all the baggage related to that.  A more recent example of this limitation is the Hyundai Ioniq, which was purpose built to be both a hybrid and EV.... in EV form, it too only has 110 miles of range like the Focus EV. 

So, while yes companies can convert a gas-powered platform to EV, a purpose built EV will nearly always be better.  

I won't be looking at initial sales volumes as GM has already said they will be doing a slow roll-out of the car.  What I'm interested in is how long those cars sit on the lots or if they are sold before the truck even brings them in. 

One can hope they sell.  I think given proper marketing, that can happen.  I also think being two or three years old with few issues will help their cause.  The VW scandal has left a lot of "green car" buyers high and dry, this car is coming out at a good time....

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20 minutes ago, A Horse With No Name said:

I actually kind of like it.  as one of my friends put it....something like a bunch of 1960's Citroen designers woudl do given LSD and a room full of Pokemon....in a good sort of way.

That is at once the most accurate and horrifying description of the car I have heard to date. I may be stealing it if/when I review one.

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Drew,

If one were to just compare engineering and manufacturing costs for a Focus BEV to a Bolt, there would surely be a minor cost delta.  Focus platform costs however are spread out huge, where GM would have to carry and engineer and build an exclusive small car to fill the gas customer. So it’s the total costs that have to be tallied, obviously.

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Just now, Drew Dowdell said:

That is at once the accurate and horrifying description of the car I have heard to date. I may be stealing it if/when I review one.

You are more than welcome to do so. I did get 76 MPG tooling around Columbus for an evening in said friends Prius. Fuelly has them at about a 55 MPG average, vs about 44-48 for the previous car.

Still I am thinking of something performance oriented when I turn in the Jetta TDI. BRZ/FRS or the like.

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@A Horse With No Name

QUOTE of the DAY!

"Prius - Something a bunch of 1960's Citroen designers would do given LSD and a room full of Pokemon....In a good sort of way!"

:roflmao: 

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I think there are a lot assumptions about buyers of both the Bolt and Tesla. That is the biggest hinderance as to understanding why or why not said car succeeds. If someone owns an expensive CUV/SUV and a Tesla, that doesn't mean anything other than the fact that one is for highway traveling while the other is perfectly suited to city and short range highway drives. Unless someone here has actually talked to these particular Tesla owners, it's pretty silly to assume anything else than what it's intended purpose is. 

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13 minutes ago, Wings4Life said:

 

 

Drew,

 

If one were to just compare engineering and manufacturing costs for a Focus BEV to a Bolt, there would surely be a minor cost delta.  Focus platform costs however are spread out huge, where GM would have to carry and engineer and build an exclusive small car to fill the gas customer. So it’s the total costs that have to be tallied, obviously.

 

Oh, I'm sure that the Focus EV cost less to develop than the Bolt... and its costs are spread over a broader sales base as well.

However, I don't think Ford would have been able to produce a car with the room and range the Bolt has by using a gasoline powered platform. One only has to look at where the battery is mounted in the Focus EV for that.  It partially is in the trunk area and adds nothing to the platform strength, so that adds weight.   Because the battery can't be mounted under the Focus, in order to get a 238 mile range, Ford would have needed to stuff the doors and seats with batteries.... and then it becomes a race with weight... trying to get enough batteries in there to increase range while fighting against weight creep due to the increased number of batteries. 

The Bolt is a lot more spacious inside than other cars with that exterior size.

 

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4 minutes ago, Wings4Life said:

 

 

Drew,

 

If one were to just compare engineering and manufacturing costs for a Focus BEV to a Bolt, there would surely be a minor cost delta.  Focus platform costs however are spread out huge, where GM would have to carry and engineer and build an exclusive small car to fill the gas customer. So it’s the total costs that have to be tallied, obviously.

 

The value is in having an established EV market and proven technology as a move to alternate proportion systems foes forward. Even though PC type computers are easy to use, something Apple established when they first came out....Apple still has a huge fanatical following.  IF GM plays this right....IF....they will have a huge loyal following for electrics.

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53 minutes ago, Drew Dowdell said:

Oh, I'm sure that the Focus EV cost less to develop than the Bolt... and its costs are spread over a broader sales base as well.

However, I don't think Ford would have been able to produce a car with the room and range the Bolt has by using a gasoline powered platform. One only has to look at where the battery is mounted in the Focus EV for that.  It partially is in the trunk area and adds nothing to the platform strength, so that adds weight.   Because the battery can't be mounted under the Focus, in order to get a 238 mile range, Ford would have needed to stuff the doors and seats with batteries.... and then it becomes a race with weight... trying to get enough batteries in there to increase range while fighting against weight creep due to the increased number of batteries. 

The Bolt is a lot more spacious inside than other cars with that exterior size.

 

Space and packaging is an entirely different subject, and yes, it certainly favors the Bolt.

55 minutes ago, A Horse With No Name said:

The value is in having an established EV market and proven technology as a move to alternate proportion systems foes forward. Even though PC type computers are easy to use, something Apple established when they first came out....Apple still has a huge fanatical following.  IF GM plays this right....IF....they will have a huge loyal following for electrics.

It's a bigger risk for GM for sure, but Ford must feel that at this time, the added reward is not worth the risk.  It's not like they have not done pretty well with electrification to this point, for years being second to only Toyota.

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    • By William Maley
      Ever since Mazda launched the MX-5 Miata back in 1989, competitors have been trying their best to out-maneuver it.; whether that is through better design, handling, or more power. While all have come and gone, while the Miata is still kicking around. What do you do in this case? If you can't beat them, join 'em. That's the case with Fiat as a few years ago, they would take the place of Alfa Romeo of developing a new roadster using the Miata as a base. The end result is the 124 Spider.
      Fiat’s designers wanted to do a modern interpretation of the 124 Spider designed by the legendary Pininfarina design house. The problem was trying to get that design to work with the MX-5 Miata’s structure. To pull this off, designers would add five inches to the overall length of the 124 Spider. The front end features many of the design touches found on the original 124 Spider with teardrop headlights, trapezoidal grille, raised fenders, and twin-power bulges on the hood. Around back is where the design begins to fall apart. The overall shape and certain choices such as the overhanging trunk lid don't fully mesh with the front. It looks like Fiat had two design teams working on either end of the vehicle, but put a curtain between them so they couldn’t see what the other was doing.
      The Abarth version of the 124 Spider does get some special touches to help it stand out from the other trims. They include a darker grille opening, 17-inch alloy wheels finished in a dark gray, and a quad-tip exhaust system. The only item we would change is making the Abarth badges smaller. The large size really detracts from the iconic look Fiat is trying go for.
      Putting the soft top down in the 124 Spider is very easy. Simply unlatch the mechanism holding the top in place and fold it back into its little storage space. Raising the top is just as painless as you just need to pull a latch behind the seats and pull the top forward. It will only take a few tries before you’re able to put the top up and down in just a few seconds.
      Moving inside, the only real differences between the 124 Spider and MX-5 Miata are the Fiat badge on the steering wheel, different fonts used for the gauges, and soft-touch plastics on the top of the door panels. Otherwise, the 124 Spider features the same layout and quirks of its donor vehicle. Controls readily fall to hand for either driver or passenger. Abarth models come with a 7-inch touchscreen with the Mazda Connect infotainment as standard equipment. On the plus side, Mazda Connect is easy to grasp thanks to an intuitive interface and a simple control knob. Downsides include the lack of Apple CarPlay and Android Auto;, and the awkward placement of the control knob. It will get in the way whenever you are shifting gears with either transmission.
      Snug is the keyword when describing the experience of sitting inside the 124 Spider. I’m 5’ 8” and had to set the driver’s seat almost all the way back to not feel cramped. Once I was able to find the right seat and steering positions, it felt like I was a part of the vehicle and not sitting on top of it. The passenger will complain about the lack of legroom as the transmission tunnel protrudes into the footwell. The seats themselves provide excellent support and will hold you in during an enthusiastic drive.
      The motivation for the 124 Spider is provided by Fiat’s turbocharged 1.4L MultiAir four-cylinder. The Abarth produces 164 horsepower and 184 pound-feet of torque. The base Classica and up-level Lusso see a small decrease in horsepower to 160. The difference comes down to the Abarth featuring a different exhaust system. Our tester featured the optional six-speed automatic with steering wheel paddles. A six-speed manual comes standard. Although the 124 Spider has higher power figures than the Miata, it isn’t that much faster. Reviewers who have run 0-60 tests say the Miata does it under six seconds, while the 124 Spider takes over six seconds. There are two reasons for this: First, the Miata is lighter than the 124 Spider by an average of about 120 pounds. Second is the engine has a bad case of turbo lag. The turbo doesn’t fully spool up until about 2,000 to 2,500 rpm, leaving you wondering where all of this power is when leaving a stop. Once it’s going, power is delivered in a smooth and somewhat linear fashion.
      The automatic transmission is another weak point of this powertrain. It loves to upshift early and leaves you without any turbo boost. This can be rectified by using the paddles on the steering wheel or throwing the automatic into the manual shift mode. The manual transmission is the better choice as it allows more flexibility with the engine.
      EPA fuel economy figures for the 124 Spider stand at 25 City/36 Highway/29 Combined. Our average for the week landed around 28 MPG.
      If there is one place that the 124 Spider Abarth can give the MX-5 Miata a run for its money, it is in the handling. The Abarth feels more athletic and confident when entering a corner with little body roll and fast transitions thanks to a sport-tuned suspension. Steering is the same as Miata with excellent road feel and quick turning. The downside to the athletic handling is a very stiff ride. Road imperfections are directly transmitted to those sitting inside. There is also an abundance of wind and road noise coming inside the 124 Spider.
      In some ways, the 124 Spider is better than the MX-5 Miata. The Abarth provides crisper handling and the interior is slightly nicer than what you’ll find in the Miata. But in other areas, the Miata is the better vehicle. The turbo lag from the turbocharged 1.4L saps a bit of the fun out of the vehicle and the design is somewhat unflattering. We can understand why someone would pick the 124 Spider Abarth over the Miata as it is something different. But is it the better Miata? The answer is no.
      Disclaimer: Fiat Provided the 124 Spider, Insurance, and One Tank of Gas
      Year: 2017
      Make: Fiat
      Model: 124 Spider
      Trim: Abarth
      Engine: Turbocharged 1.4L MultiAir Inline-Four
      Driveline: Six-Speed Automatic, Rear-Wheel Drive
      Horsepower @ RPM: 164 @ 5,500
      Torque @ RPM: 184 @ 3,200
      Fuel Economy: City/Highway/Combined - 25/36/29
      Curb Weight: 2,516 lbs
      Location of Manufacture: Hiroshima, Japan
      Base Price: $28,195
      As Tested Price: $30,540 (Includes $995.00 Destination Charge)
      Options:
      6-Speed AISIN Automatic RWD Transmission - $1,350.00
    • By William Maley
      Chevrolet’s Retail Sales Outperform the Industry
      Retail Crossover Sales Soar at Chevrolet, Cadillac, Buick and GMC; Commercial and Government deliveries up sharply DETROIT — General Motors (NYSE: GM) today reported 245,387 deliveries in the United States in November, with large year-over-year increases in sales of Chevrolet, Cadillac, Buick and GMC crossovers to individual “retail” customers.
      Chevrolet crossovers were up 16 percent, driven by a 59 percent increase for the Traverse, which had its best November retail and total sales ever. The Bolt EV had its best month yet. The Cadillac XT5 was up 11 percent. Buick crossovers were up 20 percent after Enclave deliveries more than doubled. Envision deliveries were up 2 percent. Buick’s new Avenir premium sub-brand is off to a strong start. About 30 percent of 2018 Enclave deliveries are Avenir models. GMC crossovers were up 11 percent, driven by a 4 percent increase for the Acadia and a 20 percent increase for the Terrain, which gained a full point of segment share month over month as availability grew. Overall retail sales were essentially equal to last November. Commercial and government deliveries were up a combined 7 percent, driven by a 30 percent increase in full-size pickup sales and a 35 percent increase for the Chevrolet Tahoe PPV (Police Pursuit Vehicle). Total fleet sales were down 13 percent after a 24 percent reduction in daily rental deliveries. Total sales were down 3 percent.
      Crossovers, strong SUV sales and a record November for GMC Denali sales helped the company’s average transaction prices (ATPs) surpass $37,000 for the first time ever. GM’s ATPs were about $4,500 above the industry average and nearly $2,000 higher than any domestic competitor.
      Chevrolet Momentum
      Retail sales for Chevrolet were up 2 percent year over year, while the retail industry is expected to be up about 1 percent. It was Chevrolet’s best retail November performance since 2004.
      The brand’s strong year-over-year retail performance extended to passenger cars, SUVs and pickups, which helped the brand outperform the industry: 
      Colorado deliveries were up 18 percent for its best November ever. The Tahoe and Suburban were up a combined 12 percent. Chevrolet passenger cars were up 1 percent, with the Corvette, SS, Impala, Sonic and Spark all posting sharply higher sales.   Strong Economic and Sales Outlook
      “More vehicles are sold in December than any other month and we are very well positioned because we have momentum in so many segments, but especially in crossovers,” said Kurt McNeil, U.S. vice president of Sales Operations. “When we close the books on 2017, GM will show very healthy inventory levels, significantly lower daily rental sales for the third year in row, and the best year in our history for crossover deliveries by far.”
      “U.S. economic growth has stepped up and we expect the momentum will carry over to 2018,” added GM Chief Economist Mustafa Mohatarem. “Employment continues to grow at a solid pace, wage growth will accelerate and consumer confidence just hit a 17-year high, so industry sales should remain strong.”
      Other November Highlights
      GM’s ATPs were up more than $650 from October and more than $1,400 from a year ago. GM is on track to close 2017 with significantly fewer vehicles in stock than it had in December 2016. GM’s November incentive spending was an estimated 12.9 percent of ATP, per JD Power PIN, which is in line with the industry average. Spending was down 0.3 percentage points from October and 0.8 points year over year.
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