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General Motors to void warranties on hot cars and trucks that get flipped
Inside the 2022 GMC Hummer EV
Fox News Autos Editor Gary Gastelu provides insight into the 2022 GMC Hummer EV and its features.
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 Chevrolet Corvette Z06 and $149,990 Cadillac Escalade-V and wants to get out front of the issue.