General Motors will void certain warranty coverage for the 2024 GMC Canyon AT4X if customers transfer ownership within half a year after taking delivery. The ownership requirement was put in place to discourage owners from “flipping” the new Canyon AT4X (that is, quickly reselling the vehicle for a large profit), and is similar to ownership requirements already in place for other high-demand, enthusiast-oriented vehicles. That said, the ownership requirement does not prevent dealerships from adding large markups to the vehicles.
According to the 2024 GMC model warranty booklet, certain coverages for the 2024 GMC Canyon AT4X will be voided if ownership of the vehicle is transferred from the original owner within the first six months after delivery. These voided coverages include:
- Bumper to bumper warranty
- Powertrain warranty
- Sheet metal coverage
- Tire Coverage
- Accessory coverage
This Canyon AT4X ownership requirement is new for the 2024 model year, and was introduced to discourage buyers from quickly reselling their vehicle at hugely inflated prices due to high demand. It also applies to the Canyon AT4X AEV Edition, which is obviously based on the AT4X. General Motors has placed similar ownership requirements on other high-demand enthusiast vehicles, such as the 2023 and 2024 Corvette Z06, the 2024 Corvette E-Ray, the 2023 and 2024 GMC Hummer EV Pickup, the 2024 GMC Hummer EV SUV, and the 2023 and 2024 Cadillac Escalade-V.
General Motors previously instated an ownership requirement of 12 months, but later reduced the requirement to six months. Additionally, some Chevy owners were offered 500,000 My Chevrolet Rewards points, a $5,000 value, for retaining ownership of their new vehicle for the duration of the required ownership period. Unfortunately, it looks as though a similar offer is not available for 2024 GMC Canyon AT4X owners.
As GM Authority covered previously, these ownership requirements help to prevent some owners from flipping their high-demand vehicles for a huge profit. However, it does not prevent dealers from applying big markups to the very same vehicles, a practice that can eventually hurt dealers and related brands. GM previously sent a letter to dealers with a warning about excessive markups.
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Comments
Have to build them first , have a AT4 that’s been at 3800 for two months and why hasn’t it been shipped, think I’ll May just wait and get new Toyota after December or change turn it down and order a 24
And… Good luck getting one…
3800? as a guy who has an order placed 7 months first as a 2023 and now 24 Malibu what can I ask my Dealer about Code status
I don’t think GM really gives a damn if you get your vehicles or not. They seem to be coming up with very weak excuses, so they can keep pumping up the price of their vehicles. It’s absurd that a so called luxury half ton cost more than a properly equipped HD model, that can haul 36000 pounds across the country.
you price them side by side with all the same options they are about 15 grand difference. Now there might be some discounts that bring the HD down but many people don’t want or need a fullsize truck. Depending where you live they are also a pain to park.
When it’s your money you should be able to do whatever you want with the truck. If you want to drive it off a cliff that’s your choice waste of money but still your choice.
Why don’t GM do the same with their dealers when they inflate the sticker price so they can get more $$$$.
They don’t want you make profit off your order like the corvette . Eh not like you can really get one right now . If it’s paid in full then you should be able to do whatever you want with it
They are just driving the prices up they aren’t going to stand behind warranty anyhow
“… these ownership requirements help to prevent some owners from flipping their high-demand vehicles for a huge profit…”
No it doesn’t…the Z06 proved that…countless Z06s were flipped and buyers (apparently) weren’t worried about the voided warranty. There’s several on ebay and BaT right now. It’s just GM screwing future owners of its products for its own direct financial benefit.
That said, GM itself looks good compared to most of it’s horrible dealers. There’s several GM products that I like (which is why I’m here), but GM won’t see a penny of my business any time soon…maybe never.
Yes had a pickup that went in for repair 17 times in one year for engine problems and after I sold the truck they decided it needed a new motor people paid to save GM money is costing them business
Dear GM,
Making a vehicle harder to get does not improve build quality and long term value.
Your friend,
Duh
This is probably an unpopular opinion, but I think this is a move in the right direction. People buying new cars just to flip is a pain for us that are trying to find one on the dealer lot when there aren’t many. I know this won’t stop everyone as some people don’t care about a warranty, but may make some double think their purchases from car flippers.
That’s not a problem with me if I decided to sell it before 6 month ownership whatever the reason is and if the gm will not honor the warranty to the new owner and keep me selling it,I will then take it to court,because I will sell it at a lost and the bill of sale will show what I sold it for, but the new owner will slide a little money under the table,that is how you get around it
I have a 2019 chevy Colorado z71 every 2 weeks or so the truck will go ding ding ding service safety restraint system and then I will also lose my signal lights no one can find the problem shut truck off and it is good again only has 45000 miles any thoughts to what is causing this problem
So GM is allowing the dealers to add whatever markup they want to make extra money on the car, but you as the owner of the car are not allowed to resell it in a certain period of time to make any money from the vehicle that you own? I’m sorry, if GM’s going to put this restriction on selling your own car because they don’t want you making extra money on it, then they should not allow the dealerships to be adding any additional markup to them. That’s completely unfair.
They took a page from Ford’s playbook. Ford was suing Ford GT buyers for selling their car early. These dealers deserve to get their @ss beat but some are struggling to stay alive under Bidenomics so they’ll be allowed to do whatever they want.
Gm world sell more trucks if they would put a turbocharged v6 engine in their Yukons , that gas guzzler v8 ( 10mpg) just to expensive to drive. Fords turbocharged v6 is much better.
Sales figures show that buyers like the V8 better. The 3 5EB fuel economy is practically the same as the V8 when paired with the same transmission. The difference in FE is largely down to the games played to inflate EPA estimates.
This practice should invite a class action antitrust lawsuit. GM is trying to control the market,