GM cancels affordable $45,000 Blazer EV - price now $11,500 higher
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- čas přidán 31. 07. 2023
- GM cancels affordable $45,000 Blazer EV - price now $11,500 higher
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If they can't compete on price they will lose market share.
Been watching GM on this. Huge Barbie movie tie-in to the Blazer EV SS, which got pushed back. But man, this price hike is crazy! Where you at Mary, with your whole, "we will make affordable vehicles for the masses." While throwing shade at Tesla.
Sad that ppl that pre-ordered almost feels like a means of a kickstarter for these companies. Promise one thing, push a higher tier. Hopefully deposits are refundable. Don't bank on a promise
I knew it! Already called GM BS on selling ev at 40k ish. That was all vaporware.
Brings back the bolt to then cancel the cheapest blazer ev 🤔🤔🤔 coincidence? I think NOT
Yep, this is the logical move.
A newer Bolt is coming in 2024 with an Ultium Battery.
@@Tykoon Ultimately stupid battery
Do you guys think that the schematics for the cheapest blazer will become the new bolt schematics?! I mean hear me out. They get rid of the cheapest blazer, around the same time they bring back the bolt… it just makes sense to me that the blazers frame and bolt euv body panels become the new bolt… thoughts?
@@Notme-tq4xsunless you work here stfu thank you
Glad I got my Model Y.
If Tesla comes up with a Small Affordable EV then it’s gonna wipe out all competitions. I see this as the Battle over Cell Phones that phased out Siemens, Philips, Ericsson, Sony, and Giants like Nokia and Blackberry.
The Model 2 is a further move in that direction. To follow the analogy, most competitors are still making landline phones, with a few overpriced flip phones.
...but you don't even know the largest smartphone manufacturer up to this day. 🤣🤣🤣
The EV future looks bright, for Tesla 😂
Fisker Ocean: The Cure To Boring Overpriced SUVs?
Fully Charged Show
czcams.com/video/U6s4W3RYvj4/video.html
There’s no “if” about it, the upcoming Model 2 will destroy the market for the lower price vehicle makers and, meanwhile, Tesla is driving down its costs so it can reduce the price of its other offerings. The competition is going to bleed to death long before they can mount anything like a serious challenge!
The Fisker Ocean Sport trim level all-electric SUV starts at $37,4992 for in the US.
Odd. Mainstream press keeps mentioning that Musk’s aspirational goals are always late to market (Musk Time) yet they avoid criticism of OEMs when they delay or cancel their EVs. A conspicuous bias?
Look at who spends over a bill each year on mass media advertising, it isn't TESLA. As always just follow the $$$$$$$
Just like they keep accusing Trump of the crimes they are guilty of. Wokeism is a mental illness
The silverado went from 40,000 to 78k and now this car will be 57k, equinox will never be 30k at this point.
I received letters from GM saying they will continue making the Bolt EV/EUV in 2024 and beyond
The Bazer is actually 5" longer yet has less cargo volume than the Model Y, 59.2 cubic feet versus 68 for the Model Y, same range as the AWD Y at 270 miles at 10k more expensive.
GM marketing will put ads on the superbowl. That'll do it !
Yup and will likely weigh as much as a model x does, with a similar sized pack for less range vs either tesla per kwh in efficiency.
Gm over there leading the ev world mister president. 😀👍🏻
So GM wants me to pay $10k more than for any similar model Y...LOL no effing way. This is dead on arrival....
Blazer seems rather an unfortunate choice of name given the Bolt's penchant for, um, bursting into flames !
HAHHAHAHAHAHHAAHAAA!!!!!!!!!!!!!!!!!!!!!!!!!
The reason GM did this is bc Stealerships charge $10k over MSRP and GM thought, "that money could be ours!"
The dealerships could only get those markups because there was a shortage of cars. Production is now roaring back, so they will no longer be able to do that. If they don't consent to sell the cars without egregious markups, GM will cut them out of the loop just as Ford is doing.
I cancelled my reservation after that news came out. I'll stick with my Kia EV6 RWD Wind.
Definitely would be Tesla for me and I’m a solid GM owner. The one thing, in my opinion, the Blazer is so much better looking than the “Y” especially the interior.
You did it, Mary. You really did.
GM is not long for this world.
GM will be bankrupt by 2030. Yeah Mary did it alright. Took a company that was debt free in 2009-2010, turned it back into the same company that failed. A massive bureaucracy loaded with debt that couldn’t keep up with the market.
It’s mindboggling to see how the big 3, who seemed to have their EV game on a year ago are now taking on water and listing to starboard. Looks like the good ship Tesla has them torpedoed amidships. Without swallowing the losses of serious adaptation it will never occur. What has been happening lately almost guarantees their demise as they waffle on being serious EV producers because of any red ink. Toyota and Mazda, to be fair are the same. We all remember how a scant 5 years ago Tesla itself was on the financial ropes to upscale the EV thing and came close to going under. What a difference a day makes !
Great commentary. I would also mention that the actions by GM dealers hasn’t even been included. They will likely add on more to the price and will actively discourage consumers to buy the EV version.
You did it Mary! You led! And it matters!
B00🤡 to G.M
Perhaps the reason for the lower priced Blazer cancelation is the revoked Bolt cancelation. The new revised Bolt might be earmarked for the vacated niche.
Nope, the equinox is alleged to be the trim slotting below the blazer evs. I think this is an excuse to eliminate the sub 30k older bolts.
Bring it back with ultium tech and a few other updates in late 2025? Then ask 30k for the lowest trim, 35k for the euv trims+options.
If eligible for the full pos redeemable tax credit/rebate of $7,500 by then? Gm knows they will still sell well, then they can price the cheapest equinox evs around 35-37k, mid trims low 40s, high trims in mid 40s. Blazer cheapest lt2 fwd low range trim will be right at 47-50k on up.
Smart pricing strategy if you really think about it for a bit. Crazy though atm the blazer evs are at or above the Cadillac lyriq prices. 🙂
Tripping over own models?? That's, if in fact is the case, is moronic
I think the Bolt announcement is a smokescreen, I doubt they'll ever build it. If they can't build a sub 50K Blazer how are they going to build a 30K Bolt on the same platform. The reason that Bolts are so cheap is that GM is having a literal fire sale on them. They must lose a fortune on every Bolt they sell, that's not sustainable which is why they cancelled it. The cancellation caused an uproar which is why they made the Ultium Bolt announcement but I'd bet they don't have any intention to ever build it.
Sam no mention about Poison sweeping over Poland and Germany.
When GM fails and goes to the US for a bailout they may be surprised and disappointed to find it is not guaranteed. Ford is at least making a genuine effort even if it is no competition to Tesla.
Gm seems to be making all the wrong choices. They killed the volt when only a few more changes would have made it great. Killed the bolt (maybe?) when faster charging and better seats would have made that one great also. Now this? I feel like most auto execs have taken an extra helping of crazy at every meal.
Killed the OG EV1 too 😮
GM is heading in the wrong direction. Making one wonder 🤔
But mr president said
Marry Barra is the leader to sustainable energy 😅
They fixed the seats, BTW.
Base trim Blazer is 2k more expensive than a top trim Model Y performance. Insane...
INSANE
They’ve done the sums and determined they can’t make it cheap enough to sell for $45k, and (unlike Ford) aren’t prepared to lose money on each car sold. Talk about a “rock and a hard place”…
Well there goes the sales for that model!
I can see why. They didn't want to compete against their own base level Mustang. They want a remodelled vehicle that can compete in a higher cost segment. To me that makes business sense, especially if they don't have that higher segment fully covered by the Mustang. Going on reports, the Blazer is also considered to be better than the Mustang. More range, more charging options, more power, almost as fast 0 to 60 and more luxury generally. It's more in line with the higher end Mustangs. Thus no surprises they want to price it higher as the base Mustang is also around $45K. It's actually being repriced closer to a higher end Ford Mustang Mach-E California Route 1 which is also around $57K.
GM May take electrification seriously, but for $45,000 they’ll b losing too much money & before long if that keep up, Mary’s job will b on the line!
So typical GM… management which can never see the forest for the trees.
This is why I cancelled my deposit. For the price there are better options.
Ford and G.M. are beginning to see the Light and Follow The Toyota Way.
The Bolt is more a competitor with the Equinox than the Blazer. It seems to be just a little larger than the Trax, at least in the inside.
The equinox has 6 lug wheels and is on the same exact platform as the blazer and lyriq though. The bolts are b segment cuv class.
Not mid size or regular compact segment offerings.
@@4literv6 I rode in a EUV back seat lately. There was so much leg room I thought I was in a limo.
This, before dealer markups!,,
I cancelled my reservation for this last year. And pretty much since then this company has failed to prove me wrong as to why I did. Thanks for playing but this company will not be occupying this space for long..
GM has done this to all their cars.
The Lyriq debut edition 2023 was a single trim and was ended for a 3 trim, 3 level 2024 Lyriq.
They claim it’s because they have a battery shortage and shortage on parts for Supercruise.
I’m still waiting for my new Cadillac Lyriq AWD Sport 3.
They realized they could bump up prices and did it.
As you might have heard by now, Ford is losing $58,000 for each F150 Lightning they sell!
How its a motor,battery and 4 wheels? Are they including the cost of the new facilities and battery factories? Its just a F150 minus a gas tank and engine. Electric motors ate much cheaper than engines. The only expense is batteries, which means it should cost at least 4k less to produce.
No incentive to sell cars making a loss. Tesla really has them by the balls.
No such thing as affordable EV’s from legacy automakers. They are losing billions. GM is so far behind it is assembling batteries by hand because they cannot get the equipment soon enough.
keep in mind you still have to pay $10 000 for "market adjustment" to dealers, so it's more like $67 000.
Starting price, and there still the fully loaded version for$80k
no no no....its not market adjustment anymore...
its $4500 for window tint and wheel locks, $5k for vin etching LOL
GM need to do something fast to sort all this
Fast 😅
... *_Faster_*
I hope they don’t pull this move on the Equinox EV!
I hope that people investing in GM know what is going on!
Glad I went ahead and pulled the trigger on a Mach E. Got tied of waiting
American families were surveyed and "affordable" for a new car was $28,000 when budgets (total transportation costs=20% net/take-home pay) and monthly payments computed. No $45,000 Blazer is not affordable unless a middle class family exceeds a reasonable, logical budget and goes into "dumb" debt for the next 7-8 years.
yet families buy $60k tahoes at 14mpg. $45k isnt the issue here, its the fact that its an inferior vehicle at 45k comapred to a model Y at $47k. now that they made it 12k more, its already an inferior vehicle made by an inferior company that after a century still cannot make a good ice vehicle.....but someone will pay that price....
oh but tesurrrr and eloonnnn oh noes.....
@@baldisaerodynamic9692 Yes but a Tahoe, Jeep, Denali, or Suburban are known to last for 20 years and 220K+ miles with basic routine care. Tesla are not proven, long-term vehicles. That white fake leather is doing bad things because people are people and kids are messy. Tesla are needing new batteries at $22K a piece just out of warranty and that is far, far worse than having your timing chain or turbo replaced. Data supports Tesla being a low quality brand with J.D. Power recording 257 problems per 100 cars vs. 141 for Ram, 167 for Chevy, and 167 for GMC. Tesla has a lower quality rating than Kia and Hyundai! That is no scientifically studied or statistically valid study to show Tesla has superior quality - in fact the very opposite.
So the cheapest Blazer will end up costing almost the same as the entry level Lyriq ($58,500) with RWD, 340 hp, 300+ mile range, and luxurious interior. That doesn’t make sense. I think the delta to the 2LT Blazer EV will be much less than $11,500, ie, GM will lower the price.
Hi sam, Thanks for all your information.😊
My pleasure!
This must be the new B-School thing... announce at a lower price, then before you start selling, raise price. I bet someone wrote their PhD on it...
Legacy Media does not hold them accountable because legacy Media makes tons of advertising money from General motors and they don't want to stop receiving that money. If you don't know that by now you should.
If they were going for luxury cars 1st they'd done better. Focus on getting their under 150,000 sellers out there. They'd lose less per car. Then they'd figure it out & start building down their lineup in affordability. Like Tesla did.
hard pressed to call any chevy "luxury". im not saying youre wrong, but marketing and brand image come into play here.
Adam Jonas Brothers...CyberTruck, 50K sales per year. LOL, the WS analysts really know what they are doing.
04:40 - with XPeng's G6 the Tesla Model Y is definitely outdated.
Could it be that they are expecting the Equinox EV to fill that void?
Ford Motor Company was Henry's third try as a car maker. He had a thieving partner in Ford, bank investors who took profits before production at the Henry Ford Company. But at Ford Motor Company, Henry took charge. For each car that left the assembly line, the company investors would pay Henry $100.00 BEFORE being delivered. As costs were reduced, Ford dropped prices accordingly, and Hank still got a 'saw buck' for every one. By 1927, Henry Ford had 15,000,000 Hundred Dollar Bills. That's in Tesla's formula.
I think the LT1 is only cancelled for the 2024 model year. Under Color Options, the LT1 is still listed on the Chevrolet Blazer EV website.
I think GM could be waiting until the other two Ultium Cells plants come online with more capacity, then the lower trim levels will show up. *Could be similar with the base Silverado EV Work Truck.
I wonder what they'll do now with the Equinox EV pricing.
Hi! I would like you talk something about Brazil. Dolphin Sales reached 3.000 in few days. It is priced in R$ 150.000 (about U$ 31.000). It is just The prive of a small petrol SUV here in Brazil. I've just have bought a Jeep Renegade 2x4 for almost this tag price.
Why would anyone buy this at that price over a model Y, Ioniq 5/EV 6, Polestar 2, etc.. seems way too high of a starting price.
So now we have the 2LT as the cheapest? This must be because the “30k” Equinox is going to be in that low 40’s price range when it comes out. That’s really disappointing. If we want widespread EV adoption, the cars have to be affordable. 57k is definitely not affordable for many and it’s really not much competition for Tesla.
I don't think it will sell
The Mach-E doesn't qualify for the $7500 tax credit. It gets a $3750 tax credit.
I have an order in & I guarantee I won’t even test drive it at that price. This is really not a surprise either. Cadillac Lyrics at $57k are now carrying a $10k “market adjustment” at the dealerships in our area. Why would I pay the same price for a Chevy as a Cadillac?
Barra has lost her mind. Just wait & see the Equinox EV price when it comes out………
No, I don't think the Blazer 2LT will sell at that new price. Remember GM's announcment way back in April 2018 that the Buick Enspire EV will be coming out with a 370 mile range by 2021. About a year after that big annoucement, they then said it was actually go to be a gasoline car. What? We then never heard about it again. Even today, it is the best looking EV I have ever seen, but GM quickly sqwashed it with no explanation. I lost hope in GM in April 2022 and bought a new Kia EV6 RWD Wind with a 310 mile range and I'm loving it.
maybe if gm spent money on development rather than advertising they might have an affordable car that will sell and the owners will promote it for them. Maybe another company could do that and take over the ev market. ooops too late.
GM!!!! You hold us for over an year for the relase and now freaking raise price. Great great great. No.
The race is on! Tesla expanding its model lineup vs. the OEM’s lowering their costs on EV’s. Who will win? 😂
Tesla's big cost advantage is going to be hard to beat. Fewer parts, less labor.
Yeah let me go buy a Blazer for more than a Model Y Performance - No one, Ever.
Yeah, what happend to all this "EV's getting cheaper and cheaper, and are affordable for all" . . . . .
Well, they shoot themselves in the foot if they dont adopt more and more EVs and they shoot themselves in the foot if they cant build them at a profit when they do. A tough position to be in.
I think GM realizes that there is no way to profitable sell EVs so they put the price high in order to limit sales. That way they can brag that they have so many models on the market but they don't have to actually ship them.
They haven’t been able to scale any ultium vehicle. It’s better to have a slower ramp and not lose as much $$$$
GM might only make ev golfcarts in the future...
It costs virtually nothing to make it rear wheel drive. Good luck on sales...
Remember talking about the Osborne effect, Sam? That's why GM hesitates to go into BEV production. If it would produce BEVs massively it would say: Buy our ICEs...but know that they are shit. Why else would we start to mass produce the new BEVs as well?!...
let me correct that for you a bit LOL!
it would say: Buy our VEHICLES...but know that they are shit.....
would be truth in advertising for GM no matter what they made
57 starting MSRP after dealer markup is 65k. nope nope nope, count me out
GM are in serious trouble. No long term vision. Hopeless leadership.
Unless GM can duplicate Tesla's manufacturing technique, GM will never be able to compete.
GM is trying to charge more for the Blazers than a Tesla Model Y. How do they expect to sell those?
chevy simps will buy it, cause its a chevvvvyyyy
With that high price GM employees won’t buy it as well!
Hey ! GMs got the Ultimately stupid battery platform. That's the ticket !
First car company that comes out with a $30,000 - 35,000 SUV with 4x4, looks good, and gets 305 miles per charge wins !
Unfortunately GM is in the doldrums with their battery production. They close to making ultium battery by hand unable to cope. Small wonder if they are trying their EV sales as much as possible
Toyota is launching a Land Cruiser with an affordable price of $50,000 entry level, so $56,500 for the Blazer is a bargain.
The problem is that GM needs to offer two real trims with the same tech instead of the usual cheapening the base trim for marketing purpose that will never appear on the dealership lot. Keep the powertain the same and just offer a short and long range AWD versions. That's it. KiSS.
What is the Little Shark Fin on the glass roof ?
Many people like GM's style, and would love an EV from them - BUT - not if it's significantly more expensive and has inferior tech compared to others ( MY ). GM need to 'step up' - but CAN they? Sad...
They can't hide they can't make money selling electric vehicles..❤😂
The Blazer headlights look like Volvo headlights. Doesn't GM have any original ideas anymore?
The competition is coming ! Oh, wait... smaller, less range, FWD, not AWD and it costs more ? And it is slower ? GM is in big trouble.
Legacy automakers wouldn't loose as much money if they just stopped making ICE vehicles, stopped making ugly vehicles, stopped the middle man markup, stop using 45 pounds more copper than necessary, etc.
Pricing is too close to the Cadillac lyriq as well I would say
NEW SHIRT 🚨🚨🚨
Tesla with the $40,000 Model 3 will wipe GM off the floor. GM is sabotaging themselves and digging their own grave here.
Similar in size Model Y vs tiny Bolt
The $60k is the new $30k……all Americans are making over $200k a year now, this is all automakers’ imagination nowadays…..
They are keeping the tax credit for themselves this way and they dont want to sell too many as they lose money on each one.
So, competing directly with the Model Y? Good luck with that!
The OEM’s can’t produce BEV’s at a reasonable cost of production. Until they can they won’t be able to ramp manufacturing to be anywhere remaining solvent. The Blazer isn’t a compelling reliable affordable product and won’t save GM.
I suspect the market research on buyer demand hasn't panned out as expected. As you say, GM doesn't want to make a loss on the car, so they've upped the price and backed off production numbers. Lower scale and possibly breaking even or small profit.
These legacy companies have to commit to BEVs or they will eventually die. There is no successful halfway house.
Buying batteries from 3rd parties really cuts profit. GM still using LG pouch battery. LG scrambling to make LFP batteries which are cheaper, no cobalt/nickel, and love 0-100% charge. Hopefully at least 11 kw on board charger
To sum up, don't buy any GM.