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Old 07-30-2022, 1:20pm   #1
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Default Don't Flip It

A letter from GM to it's dealerships;

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
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Old 07-30-2022, 1:51pm   #2
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We'll see if that shit really happens or not.
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Old 07-30-2022, 3:34pm   #3
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Eff them. If their product turns out to be a lemon no way I am sitting on it for a year so the next guy can have a warranty.
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Old 07-30-2022, 4:01pm   #4
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So the buyer can't make any $$ on a popular car, but it's OK for the scumbag dealers to add "market adjustments".

The whole dealership model is outdated & needs to be scrapped.
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Old 07-30-2022, 4:19pm   #5
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**** GM. If I go out and buy a brand new Corvette Z06 it is mine to to what I want with it.
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Old 07-30-2022, 4:22pm   #6
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Quote:
Originally Posted by Stevedore View Post
So the buyer can't make any $$ on a popular car, but it's OK for the scumbag dealers to add "market adjustments".

The whole dealership model is outdated & needs to be scrapped.
Or the government could actually do their job and step in to make this shit illegal. You know, protect the little guy against big corporations dictating how people can use the product they bought.
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Old 07-31-2022, 8:59am   #7
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Something I don't need to worry about, no new Vettes for me in the future, if I do get another, it will be 40+ years or older.
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Old 07-31-2022, 9:31am   #8
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GM: "how dare you! you have stolen our money!!" (think little greta thunberg).
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Old 07-31-2022, 9:45am   #9
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Some of the large production home builders do this. If you buy a home you can not resell until after one year.

They don’t want you to flip while they are still building and selling in the subdivision.

I can somewhat understand because they made the investment and created the value.

And in this current market some won’t even go to contract (with pricing) until the homes are near completion. As the market rises they want that bump and not allow the investors to jump in early and realize the gain.
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Old 07-31-2022, 10:04am   #10
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Quote:
Originally Posted by theandies View Post
**** GM. If I go out and buy a brand new Corvette Z06 it is mine to to what I want with it.

Where did they say you couldn't do what you wanted?
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Old 07-31-2022, 10:25am   #11
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Quote:
Originally Posted by theandies View Post
**** GM. If I go out and buy a brand new Corvette Z06 it is mine to to what I want with it.
You can still do whatever you want with it, including flip it - nobody is going to stop you.
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Old 07-31-2022, 10:36am   #12
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They're doing it to protect the folks that actually want the car for themselves and keeping the flippers (aka like ticket scalpers) from buying them all and flipping them for $40k.
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Old 07-31-2022, 10:51am   #13
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Quote:
Originally Posted by Norm View Post
Something I don't need to worry about, no new Vettes for me in the future, if I do get another, it will be 40+ years or older.
Yep. Mine is 61 years old and a blast. No car payments, no air bags, no bluetooth, no ECM, not an appliance that will gas-out and not be drivable in 20 years due to dead PCM's, ECM's, and expired air bags.

The newest Corvette for me would be a '67 Model. The newest GM vehicle I would buy would be an '87 Buick Grand National.

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Old 07-31-2022, 3:52pm   #14
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Quote:
Originally Posted by Gordon Shumway View Post
Where did they say you couldn't do what you wanted?
Quote:
Originally Posted by dvarapala View Post
You can still do whatever you want with it, including flip it - nobody is going to stop you.
Pretty hard to flip a brand new car when the warranty won't be honored.
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