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Chevy Bolt buyers to get retroactive discounts ahead of price cut

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Just after lowering the price of the Bolt EV and EUV by about $6,000 for the 2023 styles, Chevrolet designs to compensate clients who compensated more for the autos this year.

All U.S. shoppers who bought a Bolt EV or EUV in 2022 are qualified for reimbursements, Chevy explained this week in a memo to sellers noticed by Automotive Information. New autos from the 2022, 2021 and 2020 design yrs qualify as lengthy as they had been acquired throughout this calendar 12 months. Leases are excluded.

“A compact range of Bolt EV and EUV customers bought their vehicles in [the] 2022 calendar calendar year, when incentives were small because of to constrained stock. As a final result of the price tag reduction declared on the 2023 Chevrolet Bolt EV/EUV, we want to make sure these shoppers are pleased with their purchase and possession practical experience,” Chevy claimed in a statement confirming the shift to Automotive News. “We will be reaching out to them in the coming months to notify them of a goodwill software that will provide reimbursements to make up the selling price variation.”

These retroactive incentives are rare as automakers frequently improve price ranges and special discounts obtainable to customers. Chevy’s shift suggests an hard work to stay away from irking early EV potential buyers ahead of a large-scale rollout in the coming many years.

Chevy will deliver suitable consumers letters with directions for requesting a reimbursement, the memo mentioned. The reimbursement amount depends on a number of variables, which include product yr and trim level.

The brand’s transfer to slice the Bolts’ price by about $6,000 for 2023 arrives as it aims to bolster their sales even though also getting ready to introduce electric crossovers powered by GM’s Ultium batteries. The 2023 Bolt EV will start off at $26,595, and the larger sized Bolt EUV will begin at $28,195.

Chevy bought 358 Bolt EVs and EUVs in the U.S. through the initially quarter. The brand name plans to report 2nd-quarter income Friday.

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