GM Volt, Plug-In Prius Buoy U.S. Rechargeable-Car Gains — Businessweek

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Toyota prius(plug-in) lease

GM Volt, Plug-In Prius U.S. Rechargeable-Car Gains

By Ohnsman October 03, 2012

addition of a discounted lease for the currently $299 a month for a car a $39,145 base price, is demand for the model, said Toprak, an analyst at TrueCar.com, a pricing and data provider. Jeff Kowalsky/Bloomberg

General Co. (GM:US ) ’s Chevrolet Volt its lead as the top-selling U.S. car this year and Toyota Corp. (7203) expanded Prius deliveries as Nissan Co. (7201) said it’s to boost electric Leaf

Sales through September of vehicles and those with battery packs and a gasoline for added range almost to about 31,400 from a year earlier, according to compiled by Bloomberg. The Volt, a record 2,851 sales month, leads with for the year, up fourfold, followed by Prius plug-ins and 5,212

GM’s addition of a discounted for the Volt, currently $299 a for a car with a $39,145 base is boosting demand for the model, Toprak, an analyst at TrueCar.com, a pricing and data provider, yesterday.

“I’m utterly people are not lining up to get one at that said Toprak, based in Monica, California. “The fuel savings alone this car very appealing.”

for rechargeable autos, which carmakers must sell rules in California and some U.S. states, hasn’t initial expectations of Detroit-based GM, and President Barack Obama’s which targeted a market of 1 such vehicles by 2015. which also added a lease offer for the Leaf, designing a sales strategy for cars has taken longer planned.

Fisker Automotive Inc.’s plug-in Karma, with 1,500 sales this follows the models from GM, City, Japan-based Toyota and The figures don’t include Motor Inc. (TSLA:US ) ’s S, which the company began in late June. The company yet disclosing monthly sales said Christina Ra, a Tesla

‘Ultra-Competitive’

“We’re really with the volumes we’re right now and want to grow said Jim Cain, a GM spokesman. now got marketing that’s focused on the savings Volt offers and got an attractive lease that’s sales.”

Buyers in markets as California can now lease a Leaf SV for $199 a month for 36 months, a based on the car’s $36,050 price, Toprak said.

“Volt has made an ultra-competitive with the offers they on that vehicle,” Al Castignetti, president of U.S. sales for said in telephone interview

Nissan, which had a goal of 20,000 Leafs in the U.S. year, has been working dealers to refine how it markets the car that goes at least 70 (113 kilometers) per charge. The Japan-based company sold 984 of the last month, up from 685 in Still, sales fell 4.6 from a year earlier.

Engagement’

“We’re finally to get the dealer engagement,” Castignetti “We’re starting to reach the the actual consumer for electric We’re driving more to our dealerships and that’s a very thing.”

He didn’t provide a target for Leaf sales.

Toyota prius(plug-in) lease

GM Chief Executive Officer Dan said in June he expected as as 40,000 Volt sales year, down from an goal of as many as 60,000, exported cars. GM’s declined to discuss the company’s volume target for Volt.

vehicles are “a segment that’s in its and purchases we’re seeing now are fueled by early adopters,” said. “Until a middle-class in in the middle of the country finds it makes economic sense to buy one of cars, you won’t see big volume.”


The which gets about 38 a charge, qualifies for a $7,500 tax credit, as does the Leaf. The model plug-in Prius $32,000, before a $2,500 credit.

Prius Record

rechargeable vehicles now on sale Ford Motor Co. (F:US ) ’s EV, Honda Motor Co. (7267)’s Fit EV and Motors Corp. (7211)’s battery car.

Separately, Toyota said of its entire Prius hybrid doubled to 18,932 last Combined Prius sales September grew to 183,340, the company’s previous full-year for the gasoline-electric car of 181,221 set in 2007.

Fay, group vice of U.S. Toyota sales, in a conference call yesterday the expects to sell as many as Prius models this The lineup includes the plug-in the original hatchback model, v wagon and Prius c compact

Combined sales of all electric-drive including hybrids, plug-in and battery-only autos, expanded 135 to 42,314 last month, on data compiled by Bloomberg. for the segment were 371,896 September, up 96 percent from a ago.

To contact the reporter on this Alan Ohnsman in Los Angeles at

To contact the editor responsible for story: Jamie Butters at

Toyota prius(plug-in) lease
Toyota prius(plug-in) lease
Toyota prius(plug-in) lease

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