Get all your news in one place.
100's of premium titles.
One app.
Start reading
Motor1
Motor1
Sport
Anthony Alaniz

GM Warns Dealers About High Markups, Deposits Ahead Of Big Launches

Update: GM has confirmed the letter’s authenticity, which was sent last week. A GM spokesperson reiterated that the company wants customers to have a positive sales experience, and that the majority of dealers know this.

It’s not a good time to buy a new car. Constrained supply chains and parts shortages have driven up prices and limited inventories. Some dealers are taking advantage of the situation by adding huge price markups or engaging in other unsavory sales practices. General Motors has some important launches on the horizon – Corvette Z06, Silverado EV, Cadillac Lyriq, and the company is attempting to limit such tactics ahead of their launches.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.