GM Sold 5,003 Volts Through October

General Motors Company (NYSE:GM) has announced that they have sold 5,003 Chevy Volts through October and they are sticking to their 2011 U.S. sales forecast of 10,000 Chevrolet Volts. That means that the company has to sell as many cars in the first two months of the year as it did in the first 10. GM sold 1,108 Volts in October, which is a 53% increase from September and was its best sales month thus far.

“I’ve never given up on a sales target in my life,” stated GM VP of U.S. sales Don Johnson. “Given the momentum we’ve got right now, I’m not going to give up on it now.” Sales of the Chevy Vot has been watched as a barometer for electric and plug-in hybrid vehicles in general. The sales have accelerated after a Detroit assembly plant where the car is being built has been overhauled.

GM is preparing a nation-wide launch of the vehicle from the seven stages that the car started with. Today 2,200 Chevy dealers have Volts to sell. This number is expected to grow 2,600 in all 50 states by the end of the year.

“Now we’re going to get vehicles that they can sell direct to consumers out to them,” stated Johnson. “You’ll start to see those sales rise.”


This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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