Late this last July, GM Authority reported that GM was limiting warranty transfers for the Cadillac Escalade-V, C8 Chevy Corvette Z06, and GMC Hummer EV in an attempt to prevent new owners from quickly reselling their vehicles for an easy profit. Now, GM Authority has exclusively learned that GM will change those limiting requirements for 2023 Cadillac Escalade-V.
For those readers who may have missed it, GM Authority previously reported that The General will limit the transferability of certain warranties, as well as prevent sellers from placing future sold order or reservations for high-demand vehicles, if a new owner resells their Cadillac Escalade-V, 2023 Chevy Corvette Z06, or GMC Hummer EV within 12 months of ownership. The move is intended to stop new owners from quickly reselling high-demand vehicles like the Cadillac Escalade-V, a practice known as “flipping,” which is said to negatively impact GM customer experience and related GM brands.
Now, according to GM Authority sources, GM is reducing the ownership requirements for the new 2023 Cadillac Escalade-V from 12 months to 6 months, which means new owners will be able to sell the high-performance SUV after only half a year of ownership without any repercussions from the automaker.
It’s unknown at this time if the change will also apply to the Corvette Z06 or GMC Hummer EV.
Notably, GM is also offering new C8 Chevy Corvette Z06 owners 500,000 My Chevrolet Rewards points (a $5,000 value) if they retain ownership of their new vehicle for at least 12 months, a move which is also intended as an incentive to prevent owners from flipping their vehicle for profit.
As a reminder, the 2023 Cadillac Escalade-V introduces a new level of performance to the luxury SUV lineup, packing in 682 horsepower and 653 pound-feet of torque thanks to the supercharged 6.2L V8 LT4 gasoline engine under the hood. Under the skin, the Cadillac Escalade rides on the GM T1 platform, while production takes place at the GM Arlington plant in Texas.