AD #2904 – Chevy Teases New Bolt EUV; U.S. Car Sales Slowly Rebounding; Hyundai Creates Soapbox Car

August 26th, 2020 at 11:50am

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Runtime: 8:22

0:07 U.S. Car Sales Slowly Rebounding
0:50 GM Wants Back in Russia
1:15 GM Angers Holden Dealers in Australia
2:47 Mahindra Partners with REE Automotive on Commercial EVs
4:12 Chevy Teases New Bolt EUV
6:12 Hyundai Creates Soapbox Car
6:42 Vitesco Signs Deal with Dongfeng
7:29 Blackberry OS Powers Xpeng’s Level 3 AV System

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53 Comments to “AD #2904 – Chevy Teases New Bolt EUV; U.S. Car Sales Slowly Rebounding; Hyundai Creates Soapbox Car”

  1. Rey Says:

    Who cares about GMs new EUV, its not a Tesla, maybe if they sold it @1/2 its MSRP it’d sell.

  2. ChuckGrenci Says:

    Exciting times: the mainstream automakers are starting to make the plunge into BEV; what sticks and what doesn’t stick is about to be revealed. Will Tesla remain/reign supreme, maybe, but it sure is looking like a ‘real’ horserace is in the works. I’m betting that in the long run it is going to be closer than some may think.

  3. TERRY Says:

    If GM sold Holdenss as Pontiacs (G8s), why not sell Chevys as Holdens in Australia? And who came up with “GM Specialty Vehicles”(gag)? It sounds like some accountants came up with that name. No wonder Holden dealers are mad.

  4. Larry D. Says:

    1 My feelings exactly. And GM, because of the sales of the non-BEV plug-in VOLT, went over 200,000 units and, like Tesla, does not get the $7,500 tax credit any more. They lose $10k or more for every stupid Bolt they make, so if they cut the price in half they would lose $30k a piece, and still they could not sell the POS.

  5. Larry D. Says:

    4 I meant, of course, that the VOlt is not a pure EV, but a dirty car that uses tiny inefficient gas engine on long trips.

  6. Kit Gerhart Says:

    It looks like electric powertrains are becoming a purchased commodity, like gas engines were 100 years ago, when dozens of car companies used Continental (a different Continental) engines. If those Continental electric powertrains work well, and are price competitive, there would be little reason for car companies to develop their own EV powertrain. A certain electric motor doesn’t define a car model, like a certain pushrod V8 defines a Corvette, or a flat six defines a Porsche 911.

  7. Fensterlips Says:

    Somehow GM got in the business of selling cars that are good enough but never really beautiful or even really reliable.
    I would shake up the design group. They need to figure out what the future looks like in beauty.
    I would also start putting long warranties, say 8 year and 80,000 miles on your products. If you’re going to create “commercial quality” vehicles you need to be intensely aware that it’s on your dime. Put bonuses and unions on the line.
    We have choices and somebody there needs to ask why would a consumer, no, a purchaser and a partner, want to pick a GM car? Unless I need a Yukon they are an “also ran”.

  8. Tony Gray Says:

    I’m having a hard time thinking how all these vehicles with all that “stuff” in the wheel assembly are going to ride and handle. I thought for decades the goal was to reduce insprung weight!

  9. Larry D. Says:

    Will Hyundai sell a clone of its soapbox car as a Genesis model? Last chance to help its dying brand…

  10. GM Veteran Says:

    I wonder if GM offered their new franchise to any of the previous Holden Dealers? With the limited product offerings, they likely won’t need as many as they had before. And, they may want to place them in different locations to address changes in traffic patterns and population trends.

    It sure seems like it would have been a smart idea to offer the franchise to the best of the former Holden Dealers, at least as a starting point.

  11. Kit Gerhart Says:

    Does GM make RHD Camaros and Silverados at their factories, or will those sold in Australia be (very expensively) converted in some aftermarket shop? If the latter, the sales would be very low. I think I’ve read that RHD C8 Corvettes will be built at the Bowling Green plant. Does anyone here know for sure?

  12. Lambo2015 Says:

    2 Yes the interesting thing about the release of all these EVs is will they sell? The sales haven’t been growing that great and I’m not sure its because of a lack of selection. Having more to chose from may provide a slight kick in sales but will it help long term?
    I guess what it really comes down to are people Not buying an EV because they cant find a model they like, or just are not interested in buying an EV? If its the latter your about to see a bunch of vehicles built with no customers to buy them.

  13. ChuckGrenci Says:

    8, Tony, unsprung weight is important in consumer vehicles and especially performance models but as presented in today’s program these will probably be limited to commercial use which should negate that as an absolute requirement.

    11, Kit, C8 has been developed to produce RHD Corvettes at Bowling Green. With covid and the strike crippling scheduled production and plans, convertible, second shift and RHD has been delayed. Convertible production has started, second shift not yet and I’ll speculate that RHD will be delayed to the ’21 model.

  14. Alex Carazan Says:

    GM BOLT EUV: 100 miles in just 30 minutes of waiting! One can purchase a larger CUV at much lower price and get 400 miles of range in under 5 minutes with good old fossil fuel! Why would an auto makers want to design, make, and sell a vehicle that is lower value to end users? The Bolt EV sold just 1,062 units in July in the USA. The Bolt EUV will be a tad larger and more expensive. What sales volumes does GM estimate? Who is doing the business case analyses for these programs? Does profit, cash flow, ROI, or even NPV even matter anymore? High cost, low range, long charge times, and little charge infrastructure makes pure BEV’s a tiny niche in the USA market.

    And Tesla owns the BEV niche by attracting wealthy buyers with high end luxury, performance, high-tech, high priced vehicles. Cadillac attempt to conquest Telsa will be like trying to come into smartphone business and trying to conquest Apple iphones. But I suppose learning by failure is the best way to learn. I wish GM the best of luck because they are going to need it.

  15. John McElroy Says:

    #11. Kit, RHD conversions will be done by Walkinshaw in Australia. That includes Camaro and Silverado and probably other models yet to be announced. Corvette offers RHD right from the factory.

  16. Bob Wilson Says:

    Where any engine powered cars in today’s program? I can remember a time just five years ago when there were a lot of snarky comments about “green cars” and their owners. Called a disruptive technology, Tesla-like EVs remain impressive but aren’t the only game in town

    As much as hearing press releases and seeing ‘press cars’ drive around, what counts is being listed on http://www.fueleconomy.gov. That means the car has a Monroney sticker and can be bought … somewhere. So I wish the new entrants luck realizing the market success of new cars is by no means guaranteed.

    BTW, Lucid and their first model, “Air”, looks like serious competition for the ultra luxury, performance cars. Led by a former Tesla design engineer, their factory looks nice but we don’t know what is going on inside. Lucid has credibility so rare in others IF they can start rolling out cars.

  17. XA351GT Says:

    There isn’t much Sport left in those big full-size Utilities . They have become the new land barge of the highway. To me they are nothing but a combination of a station wagon and a Mini van in a supersize portion. I don’t see someone taking those deep off road through trails in the woods . Street utility maybe sport utility not so much.

  18. Ed Says:

    I think that a new car warranty bumper to bumpier should match the max months on the loans they offer, so 60 months or 72 months of payments …ergo 60 months or 72 months bumper to bumper, it would prove that the price of the vehicle they want to sell is valid for the duration of a loan. Justify the price by backing up the product. If your standard warranty only covers 50k miles then adjust the price down accordingly.

  19. merv Says:

    soap box derby racing was a pretty big deal in my hometown in the 50′s/60′s. If you won here, you were off to Akron Ohio for the finals. Great memories.

  20. Lambo2015 Says:

    17 Yea it does seem overkill to have the off-road capabilities on so many vehicles that will likely never stray from a paved road. As for the Tahoe’s and large SUVs I think in many cases it people with more than 2 kids and with seatbelt laws they need a third row but if they own a camper or boat need towing capability that you just cant get with a minivan. So they fill a need even if its not trail blazing.

    18 Cool idea as it would be nice to know your vehicle is covered while the bank still owns it. That would certainly force prices down.

  21. John Says:

    I like my Bolt and will look at the EUV. I do home remodeling and the Bolt has a surprising amount of cargo
    Space. Since I use the current Bolt for in-town driving, charge time is a non-issue.

  22. Kit Gerhart Says:

    15. Thanks for the info, John.

    17. I don’t know who came up with the term “sport utility vehicle,” but it never made much sense to me. Something like a VW GTI is a sport utility vehicle. It drives like a sports car, but has a lot more utility than a Miata.

  23. JoeS Says:

    18, 20 Some car dealers in my area are offering really long extended warranties but you have to have them do all the routine maintenance. If you miss having them replace the overpriced cabin filter on time they don’ t cover your failed transmission. Some deal.

  24. Kit Gerhart Says:

    23. With “warranty forever” that I see advertised by some dealers, you need to get advance permission to have maintenance done anywhere other than where you bought the car. Doing your own oil changes will immediately void the coverage. Here is part of what their web site says, regarding using shops other than where you bought the car:

    Step 1
    Choose a licensed repair facility to perform your maintenance. We do not provide a list of authorized dealers, so the choice is yours.
    Step 2
    Call 1-800-810-8458 to notify us of where you plan to have your vehicle serviced along with the scheduled maintenance services you plan to have performed. Remember, you must complete this step prior to having the maintenance performed.
    YOU WILL NEED THE FOLLOWING INFORMATION DURING THE CALL:
    • Warranty Forever agreement number or last 8 digits of VIN
    • Date of scheduled maintenance appointment
    • Name of the licensed repair facility where you are having maintenance performed
    • Maintenance you are going to have performed
    • Current mileage on odometer
    • Any additional questions you may have

    There is more. I suspect most people would end up voiding this coverage before the factory warranty is out, and the “warranty forever” would even apply.

  25. Larry D. Says:

    21 How much did you pay for it? And did you consider any other BEV in the Bolt’s price range?

  26. GM Veteran Says:

    18 – So, if I pay cash for my car, I get no warranty? The car, the warranty and the price are what they are. How you choose to pay for it, and for how long, are irrelevant to those items. If you want longer coverage, buy a service contract. I always recommend getting one from the vehicle manufacturer so that it is honored at all of its dealerships.

  27. Kit Gerhart Says:

    26. I’d think lenders might want to require a service contract for cars bought with long loans, to help protect their collateral.

  28. Larry D. Says:

    I am strongly against buying any extended warranty and always get the absolute minimum insurance. I believe in self insurance.

    In addition, today;s cars are so much more reliable than the cars of 40 and 30 years ago, you will rarely need it, even in cars that are 10, 15, 20 and even 25 years old (all of which I have owned one time or another)

    Get rid of the middleman, the parasites of the warranty companies and insurance companies. They make PROFIT off YOU.

  29. Larry D. Says:

    27 I also never got a car loan. I buy cars I can easily afford and pay cash, so they cannot impose their onerous insurance and warranty terms on me. Once my parents foolishly bought a cheap new Civic (only about $19k in 1991) with a loan, even though they had plenty of cash to buy it outright, and it was a nightmare, when the car was totaled 2 and 7 years after their deaths, for me to find out where they got the loan and do the paperwork, all to just junk (recycle) the little thing and get a generous (for its 25 year age) $1,200 from the insurance co.

  30. Kit Gerhart Says:

    29. I usually pay cash, but for some strange reason, when I bought my current Toyota, there was a rebate that was only available if I got a loan. I usually get high deductible comp and collision on new cars, so that wasn’t a problem.

  31. Larry D. Says:

    29 was typing in the dark and wrote $19k, no it was the base 3-door 5-sp manual model and only $10k.

    Sometimes very good deals on slow-selling luxury cars like Jags were to be found in 3 year leases.

  32. Joe Says:

    30
    I always paid cash for my vehicles except the last one I purchased. I had the same situation as you and had to finance it to get the rebate, but the dealer told me after the third payment, I could pay the balance which is what I did.

  33. Scott-in-Cleveland Says:

    30
    How much was the rebate? Just wondering because I bought a Hyundai Sonata last december and I paid cash, but if I got a loan, I would’ve had a rebate of $1000.

  34. Kit Gerhart Says:

    33. It was $1000 on a 2018 Camry. There was no loan initiation cost, and I could pay it off early. I set it up with automatic pay, and since the interest rate was lower than what my investment account was making, I kept the loan for a while. Then, after too much money piled up in my checking account paying about zero interest, I paid it off.

  35. Eric Brunner Says:

    I have a ’17 Suburban LT which was purchased then to replace an ’81 which served the family so well over those years. Here in Canada, you’re pretty well forced to get the 4WD version as no one would look at a 2WD resale or so I was told. We use it mainly as a tow vehicle for our show and slalom/lapping cars. Also handy for any large stuff to move and large family movements. Truck is great but I really wish GM would offer say, a “GT” version in which the body was lowered to a normal height and no doubt would handle much better. With the trailer hitch in the bumper, all my receivers now have tremendous drops to maintain the level attitude of my trailers. Really dumb. I’m 6’2 and having to climb up into the cab feels like I am getting into a commercial dump truck.

    Our only GM product. The whole family otherwise loves all our Subarus with all their innovations. When is GM going to get headlight steering response for example?

  36. John Says:

    25. I forget the exact cost, but with all the rebates and credits, it came to around $28K. It was fully loaded except for leather seating. There were GM incentives and I got the Bolt and my daughter got one as well. This is our third EV (a Focus was our first and we currently have a plug-in Fusion). Also have an ‘07 Escape hybrid, but it’s not a full EV, of course. We did cross-shop other EV makes and models, but the Bolts met our cost and use needs the best.

  37. Kit Gerhart Says:

    35. This jacked up ride height thing is crazy. A friend recently replaced a ~2001 2wd Silverado with a new 2wd F150. He generally likes the improvements of the last 15-20 years, with one exception. The new one is about 2 inches higher, for no reason. It’s harder to get in and out of, and harder to load stuff. Just that 2 inches makes it trickier to load a motorcycle using a ramp. I don’t think it’s just Ford. I think a new Chevy or Ram is higher too. You can get lowering kits, but the parts are expensive, and expensive to have installed, if you don’t do it yourself.

  38. Kit Gerhart Says:

    36. The most direct Bolt competitors are Niro and Kona, but they are sold in only a handful of states.

  39. John Says:

    38. True, and both are sold in my state. We did check them out, and they are worthy contenders, but we like our Chevy dealer and they had a larger inventory of choice. Even though sold in my state, to see a Niro or a Kona on the lot is a rare sight.

  40. Larry D. Says:

    38 shape and interior room wise the LEAF is the closest to the Bolt, also in its clumsy and awkward looks. The two Koreans are really in another segment. The Bolt is a hatch-mini-minivan. Not that the koreans will do well, they are far inferior to the Tesla 3 and you can get the 3 with not much more $.

  41. Larry D. Says:

    https://edition.cnn.com/2020/08/26/investing/elon-musk-pay-package-tesla-stock-options/index.html?fbclid=IwAR1kwB9cP8FrIRGiIdWoIeLw0QAVQL9CJehzPAFEdwKEAw3-ZxP34hZGmFM

    Not even Jeff Bezos became a 100-billionaire that fast. Musk now is the FOURTH richest person ON THE PLANET, and, (Joe, Cwolf and Ziggy, you hear?) MOST DESERVEDLY SO. I doubt ANYBODY in human history amasses such a huge fortune in such a short time (a year? to go from $20 bill to almost $100 billion!)

  42. Lambo2015 Says:

    26 I don’t think Ed was saying the warranty should only last as long as you own money. I think his point was if lenders could only loan out as far as the warranty provided, either warranties would need to extend to the 72 months or more they loan now, or bring prices down to fit financing into the payment schedule. Certainly not saying if you pay cash you get no warranty. Either way that will never happen.
    I would never buy an extended warranty either as I take good care of my vehicles and can fix anything myself. So after 3 to 5 years really anything defective from the manufacturer has already had an opportunity to fail and be fixed under warranty. What bugs the heck out of me is the constant calls I get to buy an extended warranty when my truck is a lease. It goes back before the warranty is up. If I decide to keep it at the end of the lease and wanted an extended warranty I would decide at that time.

  43. Lambo2015 Says:

    41 No doubt Elon has done a tremendous job with developing a vehicle that really hit the target demographic of what EV manufacturers should have been shooting for. While everyone else was wasting time developing econobox runarounds Elon had the vision to build a luxury EV that would capitalize on the main advantage of an EV and that was its quick response. He didn’t seem to be after the “protect the environment” folks as much as building a car of the future and proving EVs can be fun to drive and still provide a nice looking roomy car.
    With that said it has been a bit of a perfect storm for him developing a vehicle that people actually want to drive and own with new EV technology that is having lukewarm acceptance. So its not unexpected to become very wealthy when you nail the target with a new technology like Tesla, Apple, Google. Makes me wonder how Elon would do running GM or Ford. Would he have anywhere near the success? It would be interesting to see what he would do.

    Heard on the radio this morning that Bezos is now the wealthiest man ever as Amazon stock was up 2 pts yesterday. The Virus has served him well. I also heard that credit companies are actually running out of numbers due to the influx of people applying for credit cards do conduct their online shopping and such. Hopefully not seriously heading toward a cashless society.

  44. Kit Gerhart Says:

    40. In shape, the Koreans are closest to Bolt. especially Kona, which is about the same length. Also, the Koreans have similar performance and range to Bolt, while the Leaf, even the new one, is a little slower, and has less range. Your irrational hatred for GM is really something else.

  45. Kit Gerhart Says:

    42. I’ve never bought an extended warranty, but the mailings just keep on coming. The same is the case with SiriusXM. I’ve never subscribed, but get mailings for cars I no longer own. I probably also get phone calls for both, but I don’t answer unsaved numbers, and they don’t leave messages.

  46. Lambo2015 Says:

    45 Goes to show how much money can be made in those extended warranty schemes. I’ll wager on not needing it.
    Same goes for insurance.. Every time I see a liberty Mutual commercial which is daily I try to imagine what their marketing budget must be. Their slogan is only buy what you need. Wish they would apply that to their own marketing dept. They only need about 1/10th the commercials.

  47. JoeS Says:

    35, 37 The stock truck ride heights are ridiculous. I bought a new 2015 2wd Silverado and had the dealer lower it 2” in front and 4” in back for $1,800. That kept my warranty intact and it is not a job for one person to handle. Ease of use and handling are greatly improved. It does reduce the practical load limits unless you add helper air bags.

  48. Lambo2015 Says:

    47 So basically in the payload capacity race among the manufacturers to have the best in class weight capabilities they had to keep increasing ride height. Otherwise they would have rode like a brick.

  49. XA351GT Says:

    22 The term Sport utility was applied to off road capable vehicles like the Jeep , Bronco , Blazer and Scout when they were primarily by Sportsman using them to deep into the woods to hunt and fish. Of course when something is successful the title will then get applied to anything and everything. Kind of the same way the muscle car term is used .It used to have a very specific criteria to be considered as such.

  50. MERKUR DRIVER Says:

    I get offended by new car warranties. The manufacturers are asking me to put thousands on the line in the belief that they designed it correctly and it will last. When their money is on the line though, they only have faith in their engineering ability for 3 years/36K miles or 4 year/50K miles if you get the right manufacturer.

    Why exactly should I have more faith in their engineering talent then the manufacturer does?

  51. Brett Cammack Says:

    30
    Don’t go high deductible on your comprehensive insurance without confirming it will positively impact your premium. I did high deductible on comp and collision ($1,000) and regretted it after a hailstorm did about $3,000 to my leased Ranger pickup.

    The guy at the body shop gave me the low-deductible on comp insurance advice as I groused about the $1,000 check I was writing him when I picked up the finished truck.

    Going from $1,000 to $100 deductible for comp cost me about $20 on my policy.

  52. Kit Gerhart Says:

    51 I’ll check rates vs. deductibles.

  53. JoeS Says:

    48 Yes, trucks ride much better than years ago and the long suspension travel maybe how they got there.