A Forbes piece is blasting the Chevrolet Volt as a failure again, calling General Motors out for what the magazine says is a manipulation of sales numbers for the extended-range electric vehicle.

The publication has published an editorial by contributor Patrick Michaels which accused the automaker of "giving away rent-a-Volts," saying the model's record-high sales of 2,831 units last month were artificially inflated because about two-thirds of the sales were leased (for as little as $199 a month). Michaels argues that true sales to the general public are closer to about 850 units a month. Further fueling the opinion piece's claims of a government "scam" are recent reports that the U.S. Department of Defense will buy 1,500 Volts. In Michaels' words, "The fact is that no one wants this car."

As you likely recall, Reuters recently reported that GM may be losing almost $50,000 on each Volt sold, a claim that was judged to not stand up to arithmetic scrutiny – a contention that was quickly refuted by former GM executive Bob Lutz (in the pages of Forbes, no less).

And just think, there are only 12 days until GM's monthly sales numbers for September to come out. We can only wonder what we'll hear about then.


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  • 421 Comments
      ffree92225
      • 1 Day Ago
      Is anyone surprised? Shouldn't be, the govt and the unions have destroyed this company.
      Morgan Reale
      • 1 Day Ago
      Manipulation of sales numbers has become a standard in today's business - Examples BMW - Mercedes fudging sales numbers to take the lead in total sales Apple iPhone 5 pre-sales hit over 2 million in 24 hr - Apple counting each store inventory as sales not end user purchases.. then you want to ad the government into it! just look at the unemployment numbers talk about manipulation.. Can you really ever get a real number? Real - its impossible
      • 1 Day Ago
      we own a company.....company's sales of an item that was rushed to the market, too expensive, and doesn't meet customer needs are virtually nonexistent.....we buy and lease said product to ourselves.....we can now claim increasing sales ans success........ok, forget likeability pools, can we please, please try someone who actually has business and real-world experience (not free education and community organizing)
      Spiffster
      • 1 Day Ago
      Patrick Michaels would rather us all stick to finite fossil fuels or buy foreign alternative fuel vehicles? I dont get it, whats this guys motivation? Im in the process of buying a Volt... not leasing, buying... but really, what difference does it make? In either case one more Volt on the road. Whats so terrible about that? September numbers probably wont be as good as August, but im willing to bet they will still be relatively impressive. Hey Patrick, U MAD BRO?
      kevsflanagan
      • 1 Day Ago
      To be blunt if I had the cash for a new car and I was looking to save money on gas the Volt would be at the top of my list of cars to drive and possibly buy. My commute is 42miles daily, so by GM's estimation I'd only be using 2 miles worth of gas a day. The tech is new and the cost is high. Once GM starts to spread the tech out to its other brands (cadi anyone?) the price of the Volt itself will slowly start to go down and more people will be interested. Personally I'm hoping for a subcompact hatch version of the Volt since sedans are just not my style.
      Netguru2000
      • 1 Day Ago
      I want one. At least I want the technology. $4.50 a gallon here and have you seen Dubai lately, they're building a metro-paradise out of our pump addiction. In a couple years that tech will be under $30k... and in my garage.
        SVX pearlie
        • 1 Day Ago
        @Netguru2000
        I've seen Brunei, and yeah, they're doing just fine based on American petrodollars.
        Spec
        • 1 Day Ago
        @Netguru2000
        That tech is $32.5K right now after counting the tax-credit.
      lordedardstark1
      • 1 Day Ago
      The government buys GM cars any way, why not make them Volts?
      • 1 Day Ago
      My wife and I tested a Volt and loved it. We'll buy one next month. I can't wait.
        SonataGuy1
        • 1 Day Ago
        LOL BS, complete BS. Who goes test driving a car and buys it a month later. You are not buying and you know it. I suspect there are two reasons. #1 You do not have a job. #2 Your wife is the man of the house and her ass is too big for Volt.
      TPGIII
      • 1 Day Ago
      No surprise here.
      tump
      • 1 Day Ago
      To answer your stupid question: People that go out and stupidly impulse buy. Also, you're retarded.
      Phil T
      • 1 Day Ago
      @ SonataGuy1 You are the one that is full of BS. Judging by you name I guess you wouldn't even test drive, you'd just go out and buy another Sonata in a day without thinking (much like your post). But doesn't mean everyone does. I had 8 on my list and I started test driving new cars a month ago and I'll do the deal next week because I'll have the dealer jumping for an end of month sale. What's to say that the lease on his current car doesn't run out next month?
      CaptainSteve
      • 1 Day Ago
      "The fact is that no one wants this car." It's a massive failure that if done by a private business would be no big deal, but it wasn't. It was done with "the people's money" as a socialist government program. Socialism always fails. This will too. That's what happens when the government throws money at products for political agenda purposes. You get outcomes like the Volt, over-priced, under-performing, over-hyped, over-budget failures. <<------- Hey, that sounds like obama, over-priced, under-performing, over-hyped, over-budget failure!!! NObama 2012
        BC
        • 1 Day Ago
        @CaptainSteve
        But the car was designed and near-production-ready for production prior to the Bush financial panic and GM's subsequent bankruptcy, a fact which critics always conveniently ignore despite Lutz's repeated reminders. There is no way to wait until the technology is cheap and magically introduce it in finished form--there is always an early adoption period, and that was true of conventional automobiles as well. The fact that leases make up a large part of the volume is meaningless, as this is true of many expensive cars. It is truly sad that Steve Forbes' political agenda has destroyed the journalistic integrity of a magazine that was still excellent while his father was alive.
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