The coronavirus is on its way to claiming a different victim in the automotive globe: the Chevrolet Malibu. In this situation, it’s additional exact to say that while it will not be right responsible for its demise, but it could well precipitate it.
Like each other enterprise, GM is on the lookout for novel strategies to conserve money. And when the axe will come out, the initial victims are the designs that are the least productive.As you may have guessed, the Malibu is one of them.
Not extensive ago, Chevrolet experienced made a decision it wished to update the product all around 2023, and retire it immediately after the 2025 product-yr. Now it appears that the axe will slide in 2022-2023 that its disappearance will take position.
Chevrolet is accelerating the cancellation of the Malibu in purchase to mitigate the financial devastation prompted by the ongoing coronavirus pandemic, in accordance to a latest report. And so a different sedan will chunk the dust.
Ending generation earlier than prepared will permit GM to target on additional-financially rewarding and -preferred autos, specifically in the SUV and pickup truck formats. It will also be equipped to allocate additional money to the enhancement of the new generation of electric autos that’s on the way.
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Chevrolet has not commented on the report, but generally sources cited by the GM Authority site have verified responsible.
Gross sales of the Malibu dropped to 131,917 models in 2019, down 8.7% from 2018. For some context, the product ended the yr about 35,000 models ahead of the Ford Fusion (which is also about to retire), but easily ahead of the Kia Optima. In the meantime, even the segment’s guns suffered setbacks: the Honda Accord noticed its income drop by 8%, which is about equivalent to the segment normal, while the Toyota Camry fared somewhat well, suffering a drop of nearly two%.
Given this fact, it would be stunning to see Chevrolet appear out with a 10th-generation Malibu. As a rule, when a item is in the works, we hear about it. Proper now, there’s radio silence concerning the Malibu, and that would not bode well.