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Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 'The Cobalt was part of an evolutionary process,' Krebs said, 'that helped them get to the Cruze,' she said. The Chevy Cruze, the car that replaced the Cobalt, is selling well around the world and in the U.S.

Chevy cobalt how to#

The good news is that GM has since figured out how to produce a competitive, small car. 'It might have done OK in the Midwest, but it'd be tough to find a Cobalt purchased retail in Los Angeles,' Toprak said. The Cobalts that were bought by actual consumers were concentrated in the parts of the country where there was little competition from Toyota's ( TM) Corolla or Honda's ( HMC) Civic. Related: GM sales unscathed by recall crisis 'That's something Honda and Toyota didn't have to do.' 'When you put heavy incentives to sell to retail customers, and sell them to rental companies, you damage your prices,' said independent auto analyst Michelle Krebs. That drove down prices on the new cars even more, exacerbating GM's growing financial problems. The rental car companies kept the cars for a short period of time, typically less than a year, then dumped them onto the used car markets, where they were bought by buyers looking for cheap transportation in a relatively new car.

GM declined to comment further for this article.

Chevy cobalt full#

So in order to sell the 200,000 or so Cobalts that General Motors was building every year, it offered large cash incentives to buyers, and it sold them in bulk to rental car companies which bought them at rock-bottom prices.īy 2010, the Colbalt's last full year on the market, fleet buyers accounted for more than 42% of its sales, according to figures from GM. Related: The 57-cent part at the center of GM's recall crisisĬonsumers responded accordingly. That's undoubtedly what GM CEO Mary Barra was referring to when she referenced the 'cost culture' that governed what is now referred to as the old GM, prior to its 2009 bankruptcy, during Congressional hearings on the recall. So it's not that surprising that the Cobalt, and the versions of the car sold by GM's Pontiac and Saturn brands, weren't great cars. It was done to make sure that GM met fuel economy standards and utilized manufacturing capacity that was already there,' said Jesse Toprak, analyst with. After 2010, the compact Cruze replaced the Chevrolet Cobalt.'The Cobalt wasn't designed to be the best compact car. The 2009 Cobalt SS was propelled through a turbocharged 2.0-liter Ecotec engine producing 260 horsepower. Absent from the 2008 line-up, the Chevrolet Cobalt SS returned in 2009 as both a coupe and sedan. Also in 2008, head curtain airbags and XM satellite radio was added to the standard features list on all models. This model was rebranded as the 2008 Cobalt Sport. 17-inch wheels and a performance-tuned suspension were also included on the 2006 Cobalt SS.

In 2006, a naturally aspirated Chevrolet Cobalt SS featuring a 171-horsepower, 2.4-liter Ecotec engine with variable valve timing was added to the line-up. Propelled by a supercharged 2.0-liter Ecotec engine, the Chevrolet Cobalt SS Supercharged model launches with the force of 205 horsepower. Available only as a coupe, a Cobalt SS Supercharged model pushes the compact performance envelope.

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Customers could choose to mate either a five-speed manual or a four-speed automatic transmission with the naturally aspirated Ecotec engine. The 2.2-liter engine remained the powerplant for the Chevrolet Cobalt throughout its run but was boosted up to 155 horsepower during the 2009 model year. Power for the base, LS and LT trim level versions of the 2005 Cobalt arrived from a 2.2-liter Ecotec four-cylinder engine generating 145 horsepower. Air conditioning, AM/FM stereo with CD player and tilt steering column was standard base equipment. The Chevrolet Cobalt was offered as either a two-door coupe or a four-door sedan. Designed to invoke a premium sensation, the Cobalt features an improved level of noise reduction and safety. Replacing the Cavalier name after 23 years of use in the small car category, the Chevrolet Cobalt pitched itself as a more modern, refined compact vehicle. In 2005, Chevrolet launched a new attempt at becoming an acclaimed player in the high-volume compact car segment.