General Motors is reportedly readying a compensation plan for owners of the Buick Enclave, Chevrolet Traverse and GMC Acadia after overstating fuel economy of the vehicles in the 2016 model year.
According to Reuters, a source familiar with the upcoming compensation plan stated the entire operation will leave a $100 million tab for General Motors. The plan will include pre-paid debit cards, or an extended 48-month/60,000-mile warranty for 135,000 U.S. owners and 11,000 Canadian. The source stated the maximum amount allotted to a debit card will be $1,500, with a minimum of $450.
GM overstated fuel economy for the trio of full-size crossovers after not including new data from additional, new emissions hardware onboard the vehicles. GM said it based reimbursement on the EPA formula used for window labels: “a fuel price of $3 per gallon and 15,000 miles of annual driving for five years.”
GM has since ended the stop-sale on 2016 model year crossovers affected by the overstatement.
Comments
I thought it was model year ’15 and ’16
Me too.
So I don’t understand something.
1. You buy a car with incorrect mileage reported.
2. GM says sorry and offers you money as compensation to make up for confusion.
3. … but you still own the car.
Either GM must offer to buy back the car so that you can get a car with the mileage you wanted OR continue to compensate the owner until they move onto their next car.
Right?
Or does the compensation work backwards and forwards? Forwards meaning for inaccurate mileage you’ll be getting for the remainder of the car’s life?
It would seem to me burnt owners should be able to annually submit their new mileage and then be compensated by average gas prices that year in their region.
Wtf, I have a 11 Traverse and complained several times that the gas mileage was overstated. It gets 12 mpg on a good day, Where is my rebate?
GM should reward loyalty better and I agree that a special rebate or incentive could be offered. I took my 12 Acadia Denali AWD in so many times for poor mileage and was told it was normal working as designed. I get 13 city and maybe 22 on the highway 60mph downhill in the mountains. In Indy I would say 18-20max on the highway. Too bad really because the new Acadia is too small and the Yukon is too much! So lost what to get next and bummed…