[Lee Stewart]

GM Establishes Ownership Mandates for the 2024 Corvette Z06 to Counteract Flipping

In a move to counter the trend of new owners reselling their cars for profit shortly after purchase, GM has introduced strict ownership requirements for buyers of the 2024 Corvette Z06. This mid-engine marvel, known for its unparalleled performance and striking design, has become a hot target for "flippers" looking to capitalize on its high demand.

Prospective buyers of the 2024 Corvette Z06 will now find themselves penning an agreement that delineates the ownership stipulations set by GM. Key among these is the provision that if a buyer chooses to resell or transfer their vehicle's ownership within six months of receiving it, they will face notable consequences. This would include being barred from reserving or placing orders with dealers for upcoming high-demand GM models. This covers not only the coveted Corvette but other sought-after models in the GM roster.

Adding teeth to this mandate, any breach of the agreement within the six-month period would also result in the nullification of the Corvette Z06’s comprehensive warranty. This includes warranties covering bumper-to-bumper, powertrain, sheet metal, tires, and accessories under GM's new vehicle umbrella.

Should a Z06 owner decide to part ways with their vehicle within this timeframe, they bear the responsibility of notifying the new owner about the terminated warranty, safeguarding the transferee's rights and expectations. It's important to note, however, that these stipulations do not extend to product recalls. Safety remains a priority, and any recalls will be handled independently of this agreement.

https://www.motorious.com/articles/n...ship-mandates/