As a former Vette owner, good to see GM do this against greedy middle men

[theking]

Chevrolet Is Already Cracking Down on Price Gouging for the New Corvette Z06

Parent company General Motors has asked dealers to stop charging outrageous markups for the sports car.

Chevrolet wants to end Corvette Z06 price gouging before it begins.

The automaker’s parent company, General Motors, recently sent a memo to dealerships explicitly warning them not to charge outrageous markups for the in-demand C8, according to the Corvette Action Center. The Detroit giant also said there would be consequences for dealers caught trying to pull a fast one.

In the notice, which is signed by GM North America President Steve Carlisle, the automaker states that it has become aware of dealers having “engaged in practices that do not support a positive sales experience for our customers.” The memo goes on to outline what is and isn’t allowed, and warns that “bad actors” caught violating these rules could see their C8 allocation redirected to other dealerships or “other recourse.”

[NtsesHnub]

I'm debating if I want one. 

[DuMa]

Not sure if it is illegal but isn't that what dealerships do to new models anyway? 

Like another practice that they like to do.  I want a bare bone base model but they had to add other options thus driving the price up.  There are options that they can take out to make a sale but there are other options like tinted window, they can not redone.   I got that option free when I helped my cousin to buy his first car, a Honda Accord. 

[NtsesHnub]

When the civic type r debuted and prices where $50k+  

[Hung_Low]

Chevrolet Is Already Cracking Down on Price Gouging for the New Corvette Z06

Parent company General Motors has asked dealers to stop charging outrageous markups for the sports car.

Chevrolet wants to end Corvette Z06 price gouging before it begins.

The automaker’s parent company, General Motors, recently sent a memo to dealerships explicitly warning them not to charge outrageous markups for the in-demand C8, according to the Corvette Action Center. The Detroit giant also said there would be consequences for dealers caught trying to pull a fast one.

In the notice, which is signed by GM North America President Steve Carlisle, the automaker states that it has become aware of dealers having “engaged in practices that do not support a positive sales experience for our customers.” The memo goes on to outline what is and isn’t allowed, and warns that “bad actors” caught violating these rules could see their C8 allocation redirected to other dealerships or “other recourse.”

It's not price gouging... it's simply supply and demand. The price will go down if there's no demand for it... dealers are in business to move vehicle and if they don't, they get penalized in form of interests on their loans for the vehicles.

[theking]

First C8 Corvette Z06 Is Expected To Sell For Millions

This is the ultimate collector Corvette C8 American sports car.
In just a few hours now, the very first Corvette Z06 of the eight-generation of the American sports car will go under hammer at Barrett-Jackson. The car is expected to sell for millions, but there’s not an actual car that’s going to cross the auction block. Instead, the auction taking place at Barrett-Jackson tomorrow January 29th is going to simply reserve the spot for the first owner.

[theking]

2023 Chevy Corvette Z06 VIN 001 Sells at $3.6 Million