page_title: Chevrolet Volt
section_title: Resale value
hierarchical_section_title: Chevrolet Volt / Production, price and sales / North America / United States / Resale value
caption_attribution_description: English: Chevrolet Volt at the Ride, Drive &amp; Charge event organized by the EDTA, downtown Washington, D.C.
context_page_description: The Chevrolet Volt is a plug-in hybrid car manufactured by General Motors, also marketed in rebadged variants as the Holden Volt in Australia and New Zealand, Buick Velite 5 in China, and with a different fascia as the Vauxhall Ampera in the United Kingdom and as the Opel Ampera in the remainder of Europe. Volt production ended in February 2019.
  Sales of the 2011 Volt began in the United States in mid-December 2010, followed by various European countries and other international markets in 2011. Global combined Volt/Ampera-family sales totaled about 177,000 units by the end of October 2018. The U.S. is the leading market, with 157,054 Volts delivered through the end of 2019, followed by Canada with 16,653 Volts sold through September 2018. Just over 10,000 Opel/Vauxhall Ampera cars had been sold in Europe as of June 2016. Until December 2018, the Volt/Ampera family of vehicles was the world's all-time best-selling plug-in hybrid vehicle. As of December 2019, the Chevrolet Volt is listed as the all-time top-selling plug-in hybrid in the American market.
context_section_description: In May 2011 Kelley Blue Book (KBB) projected the 2011 Chevrolet Volt resale value at just over US$17,000 after 36 months, the length of a typical lease, which represents 42% of the car's US$41,000 suggested retail price (MSRP). KBB explains that even though the residual value seems low, the projection considered that the first 200,000 Volts sold qualified for a US$7,500 federal tax credit, which effectively reduces the MSRP to US$33,500, making the US$17,000represent 51% of its original value after the tax credit. In comparison, KBB notes, the 2011 Toyota Prius has a projected residual of 46% after 36 months. KBB's estimate assumed a gasoline price around US$4 per gallon in 2014. For 2012, Kelley Blue Book expected the Volt to retain 42% of its original value after 3 years and 27% after 5 years. Based on these figures, in November 2011 KBB awarded the Volt with the 2012 Best Resale Value Awards in the plug-in electric car category. KBB explains that the residual value for the Volt is lower than the market 35.5% average due to the US$7,500 federal tax credit, which lowers the transaction price and pushes down the residual value.
  Consumer Reports' analysis show that many Chevrolets lose about half of their purchase price after three years of ownership, and if the Volt depreciates the same, US$17,000 seems a reasonable estimate. However, Consumer Reports have noted that fuel-efficient hybrids and diesel models often depreciate far less than most vehicles, which might increase the Volt's resale value after three years above the US$17,000 estimate. Additionally, if gasoline prices continue to rise or if the tax credits expire, the demand for used Chevrolet Volts could quickly increase, raising their market value. On the other hand, if the next-generation Volt's battery has twice the capacity and cost less, as General Motors has claimed, the first generation Volts would be obsolete when the new ones come out in 2015. Considering these assumptions, Consumer Reports said, "At this point we believe it’s still unclear how the Volt will fare."
caption: Production Volts at a test drive event in Washington, D.C.
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