General Motors Company (NYSE:GM) has initiated a new program to help stop its hottest models from getting flipped for high prices, Fox Business reported.
What Happened: Due to supply-chain issues causing supply to decrease, it has been very difficult for consumers to purchase in-demand cars such as the GMC Hummer EV. Therefore, in-demand cars are being resold by unauthorized dealers for record-high prices. For example, the initial value of the Hummer EV is $112,595, but several cars have been resold for more than $250,000 with one selling recently for $324,500.
