Wednesday, August 26, 2009

Chevy Volt to be Sold on eBay

GM will do direct to consumer sales of the Chevy Volt using the online auction giant eBay. The online auction format would allow GM to sell the Volt at a premium without huge dealer markups. This would help GM to recoup the massive investment they have poured into Volt development.

Power is provided by a 16-kWh lithium-ion battery, which enables the Volt to travel up to 40 miles before the gasoline generator kicks in to recharge it.

The Volt should start selling online weeks before it is on the dealers lots with auction winners receiving their vehicles at about the same as the dealers get their first shipments.

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