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CA Chevy dealer allegedly adds $50K 'market value adjustment' to 2015 Z06

It seems to happen with every eagerly anticipated new car – dealerships, recognizing that crushing demand far outstrips the initial limited supply of a new model, inflate the price via a so-called "market value adjustment." We've seen it in the past with a number of new models, and now it's happening again with one of the Detroit 3's hottest vehicles. A dealership in Roseville, CA, outside of Sacramento, has allegedly attached a staggering $49,995 market value adjustment to a 2015 Corvette Z06. We say allegedly because, despite the evidence uncovered by BoostAddict, John L. Sullivan Chevy's online inventory listing doesn't display the price premium of the Z06 in question, a (normally) $93,965 model with the top-end 3LZ trim. It's unclear if either of the dealer's other Z06s, both 3LZs, one of which is in transit, will receive similar price adjustments. Now, legally, Sullivan Chevy isn't doing anything wrong here. Dealerships are under no obligation to observe a manufacturer's suggested retail price, a point General Motors' spokesperson Ryndee Carney pointed out to Autoblog via email. "For the Corvette Z06, Chevrolet has established a Manufacturer's Suggested Retail Price we feel is right for the market. Actual transaction prices, however, are the province of the dealer," Carney said, adding that a dealer zone manager will be discussing the price hike with the dealership. While we also reached out to the dealership over both the market value adjustment and the price of the Z06 as it appears on the company's website, we've yet to hear back as of this writing. Should they reply to our inquiries, we'll be sure to update you. Until then, we'd like to hear what you think about this case. Is Sullivan Chevy simply pricing the cars as high as it thinks the market can bear, or is this a cash grab for an hotly anticipated product? Have your say in Comments.

McLaren and Alonso will use Chevy engines at Indy 500

Fernando Alonso will have a Chevrolet engine in his McLaren when the double Formula One champion attempts to win next year's Indianapolis 500 in his second attempt, the British team announced on Tuesday. The 37-year-old Spaniard led 27 laps last year on his debut at The Brickyard in a Honda-powered Andretti Autosport car before retiring with an engine problem with 21 laps to go. The 2018 Indy 500 winner, Australian Will Power, won with Chevrolet-powered Team Penske last May. "Having Chevrolet power behind me means we're putting ourselves in the best possible position to compete at the front," said Alonso in a McLaren statement. The double Monaco Grand Prix winner, who won the Le Mans 24 Hours with Toyota this year, left Formula One at the end of the season last month and is targeting Indianapolis as the final part of the "Triple Crown of Motorsport": winning the Formula One championship (or Monaco), Le Mans and the Indy 500. The late Briton Graham Hill, also a two-times Formula One champion who died in 1975, is the only one to have done it, completing the triple in 1972.Reporting by Alan BaldwinRelated Video: Motorsports Chevrolet McLaren Racing Vehicles IndyCar

GM issues stop-sale order for 2024 Chevy Colorado, GMC Canyon pickups

General Motors has issued a stop sale for the midsize 2024 Chevrolet Colorado and 2024 GMC Canyon pickups due to software problems, the Detroit Free Press reported Tuesday. The newspaper had previously reported that trucks were piling up in GM's Wentzville Assembly holding lot. Well, now we know why. As happened with the 2024 Chevy Blazer EV late last year, the midsize pickups are grounded until further notice.  While GM declined to reveal the nature of the software issues to the Free Press, we've seen the chaos inflicted by the company's current digital suite manifest in the Blazer's rocky launch. In some cases, those EVs were effectively bricked (whether permanently or temporarily) by glitches that plagued the infotainment. And because modern infotainment touches virtually every aspect of vehicle operation, what might sound like a trivial issue can quickly snowball. The Edmunds test vehicle produced "the single longest list of major faults" the outlet had ever seen.  Some trucks have already shipped to dealers and will remain on hold there until serviced and released; it appears GM will continue to hold trucks at its Missouri production facility until they receive software updates to address the ongoing issues. GM did not provide a timetable for software fixes or the resumption of customer deliveries.