GM Resumes Chevrolet Blazer EV Sales, Slashes Price By As Much As $6.5K
Portfolio Pulse from Anan Ashraf
General Motors Co (NYSE:GM) has resumed sales of the Chevrolet Blazer EV at reduced prices after addressing software issues that led to a stop-sale in December. Prices have been cut by $5,600 to $6,500 across different trims, making the vehicle more affordable, especially with a $7,500 federal EV tax credit. This move follows a year in which GM saw a 14% increase in U.S. vehicle deliveries, totaling 2.6 million.
March 09, 2024 | 8:56 am
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General Motors Co has resumed Chevrolet Blazer EV sales with significant price reductions after resolving software issues, potentially boosting sales and customer satisfaction.
Resuming sales of the Chevrolet Blazer EV with substantial price cuts could attract more customers, especially with the added incentive of a federal EV tax credit. This move, following a software issue resolution, is likely to enhance GM's reputation and potentially increase sales volume, positively impacting the stock in the short term.
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