- Dealers are slapping big discounts on slow-selling GM electric trucks.
- A new 2024 model has been marked down by more than $21,000.
- Many trucks have been transformed into courtesy transportation vehicles.
General Motors had high hopes for electric trucks, so they went all in with a Chevrolet Silverado EV as well as two GMC pickups. Unfortunately for them, they’ve all been a massive flop.
The sales chart paints a brutal picture as Silverado EV sales have plunged 32.5% through the first six months of the year. Dealers have only sold 3,672 units, and that equates to a mere 612 per month.
More: North America Cratered And Even China Fell, Dragging Global EV And PHEV Growth To 0.9%
While Sierra EV sales were up 9.8% to 3,044 units, those gains were more than offset by a huge drop in demand for the GMC Hummer EV lineup. Sales of the truck and SUV plunged 54.9% through June to 3,601 vehicles.
Adding all those sales up results in a mere 10,317 units. To give you an idea of how bad that is, Chevrolet found 25,418 buyers for the ancient Express van.
Given low sales and lackluster demand, it’s no surprise that dealers are offering huge discounts on the Silverado EV. One of the biggest appears to be from Carr Chevrolet, which still has a 2024 model on their lot. To get rid of the work truck, the $75,345 pickup has been given a hefty $21,396 discount. This lowers the cost of entry to $53,949 before a $250 document fee.
McCarthy Chevrolet in Lee’s Summit, Missouri, also has a relic from 2024. In this case, it’s an upscale RST which stickered for $96,995. However, even after a $15,000 discount, it still feels overpriced at $81,995.
If you’d rather not have an electric truck that dates back to the Biden administration, Advantage Chevrolet of Hodgkins, Illinois, has an $8,589 discount on their 2026 Silverado EV LT Max Range. Since the model originally stickered for $95,584, buyers can now get it for $86,995.
It’s a similar story at Clay Cooley Chevrolet in Texas, where pricing on a 2026 Silverado EV LT has been slashed by $9,000. That lowers the cost of entry to $53,995.
If you’d rather opt for the more attractive Sierra EV, there are plenty of discounts to be found. AutoNation Buick GMC Corpus Christi is offering $10,565 in savings on a 2026 Elevation Extended Range. This lowers the price tag from $79,335 to $68,770.
Covert Buick GMC has knocked $7,000 off the price of their Sierra EV Elevation Extended Range. It now stickers for $60,685 before a $225 document fee.
Those are just a few examples, but there are countless others out there. As a result, it pays to shop around and haggle. It’s also worth noting that a number of dealers appear to be putting the EVs into service as courtesy transportation vehicles.
