Last week I posted about GM giving buyers $5,000 to be used for GM stuff, IF they keep their Corvette at least 1 year
I mentioned a RUMOR GM was going to stick it to the flippers by limiting GM warranty, and now it is GM law :

Dear GM Dealership Team,

We are continuing to build momentum as we head into the second half of the year and have started shipments of several of our high demand and limited production products.

This letter serves as a follow-up to my communication from January of this year, where we reiterated your contractual requirements and our policies on selling new vehicles for resale.

When vehicles are quickly resold,
particularly by unauthorized dealers or other resellers that do not adhere to GM’s standards, the customer experience suffers and GM’s brands are damaged.

As a result, on certain high demand enthusiast products, we are limiting the transferability of certain warranties and barring the seller from placing future sold orders or reservations for certain high demand models (as identified by GM) if the vehicle is resold within the first 12 months of ownership.

These changes are being implemented to ensure an exemplary customer experience, to ensure our brands remain strong, and to help prioritize ownership by brand enthusiasts and loyal customers.
These changes will not impact product recalls in any way.

Currently, the products impacted by these changes include the following:
23MY Cadillac Escalade-V, Chevrolet Corvette Z06, and GMC HUMMER EV (SUT and SUV).

Certain warranties will not be transferrable if the original owner resells the vehicle within one year of delivery.

In the coming days, you will receive a message from your respective brands that will outline full details of the warranties and the customer acknowledgement requirements to implement this new process.
Thank you in advance for continuing to do your part in ensuring our customers have great experiences when purchasing these truly special products.

If you have any questions or comments, please reach out to your Zone Manager.

Regards,
Steve Carlisle
President GM North America

General Motors is initiating a new program to stop its hottest models from getting flipped for sky-high prices.

In-demand, low-volume vehicles like the GMC Hummer EV have been getting resold for astonishing amounts as supply comes nowhere near satisfying demand.
The initial Hummer EV model available this year has a starting price of $112,595, but several barely driven examples have been auctioned for over $250,000, with one commanding $324,500 at a recent event.

The automaker will soon be launching the high-performance $106,395 Corvette Z06 and $149,990 Cadillac Escalade-V and wants to get out front of the issue.
GM North America President Steve Carlisle has sent a letter to dealers informing them that the transfer of certain warranties will be voided if the vehicles are resold by the buyer within 12 months of delivery.

"When vehicles are quickly resold, particularly by unauthorized dealers or other resellers that do not adhere to GM’s standards, the customer experience suffers and GM’s brands are damaged," the letter says.

Carlisle adds that dealers will also be restricted from placing orders and reservations on "certain high demand models" in the future.

Due to the patchwork of state dealer franchise laws, legacy automakers are largely prevented from mandating how much dealers charge for their products, while new brands like Tesla that sell their vehicles directly are entirely in control of pricing.

However, GM's franchise agreements do include general "best interest" provisions.

A GM spokesman stated that the bumper-to-bumper, powertrain/electric vehicle propulsion, sheet metal, tire and accessory coverage’s will be voided on all three models, but clarified that the Hummer EVs battery warranty will remain intact.

GM will also continue to cover any required recall work on all the vehicles.

Buyers must sign on purchase

Posted by Scott Wood of GM
If their customer does not keep their Z06 for 12 months:

You will be ineligible to place vehicle reservations or place a sold order with a dealer for certain high demand models (as identified by GM), including but not limited to future Corvette Z06.
The Bumper-To-Power, Powertrain, Sheet Metal, Tire and Accessory Coverage under GM’s New Vehicle Limited Warranty will be voided.
They will not be eligible to receive the exclusive Z06 award of 500,000 My Chevrolet Rewards points (a $5,000 value).


Dealers will need to have all 2023 Corvette Z06 customers sign the attached acknowledgement form at the time of delivery and make sure they understand what will happen if they do not retain the vehicle for the required 12 months. This document should be kept in the deal jacket and made available to GM upon request.

We’re hopeful that these changes will benefit the customer experience and keep our brand strong.

Thanks

This POS dealer is auctioning off the C8 Z06s

Classic Chevrolet Sugar Land – Sugar Land, Texas (Houston)

Demand is so high for the 2023 Corvette Z06 that dealers are double-dipping with multiple ADMs on the same car. Classic Chevrolet Sugar Land in Houston held an auction over the weekend for a chance to win an allocation.
The sucker for the allocation spot will also be expected to purchase the Corvette with an undisclosed adjusted dealer market.

Someone posted the screen-print following the auction’s close.

They claimed the $1Million offer came in after the auction closed during the final bidding and was most likely a scam.

More greedy asshole dealers

Here is one dealer in Texas
You have to give them $6,000 that you will not back and if not making the agreement when dealer has a Z06
they keep the money
If you choose to buy the car, it is $90,000 above what MSRP is !

On another scam maybe others understand better than me is dealer are locating other dealers selling at MSRP
they have someone at scam dealer buy the Z06 and then the scam dealer sells it for $XXX above MSRP !

Scambag dealer also pulling crap and doing an Ebay auction !

One guy purchased a 2020 Corvette Stingray from Rydell in early 2020 & placed himself on their Z06 list.
After three years waiting, he is then told that the ADM is $100,000!

Then he receives this letter saying that Rydell will be ordering their first Corvettes as dealer stock units that will be auctioned on eBay.

Once they go through those initial Dealer Stock orders (9-10 total cars), they will start the Customer Sold Orders.
They also require for a $10,000 deposit and even admit that it’s double their highest allowed deposits.