Some bad news for Chevy fans, GM is axing its 100,000-mile, five-year powertrain warranty for the Chevrolet and GMC brands.
The program is being pared down to a 60,000-mile, five year warranty beginning with 2016 models. Free visits for maintenance have been cut from 4 visits to two.
Company executives wrote to dealers, "Through research, we have determined that when purchasing a new vehicle, included maintenance and warranty rank low on the list of reasons why consumers consider a particular brand over another."
A spokesperson said without many details that savings will be reinvested into other retail programs that customers value more than the warranty program.
The program is being pared down to a 60,000-mile, five year warranty beginning with 2016 models. Free visits for maintenance have been cut from 4 visits to two.
Company executives wrote to dealers, "Through research, we have determined that when purchasing a new vehicle, included maintenance and warranty rank low on the list of reasons why consumers consider a particular brand over another."
A spokesperson said without many details that savings will be reinvested into other retail programs that customers value more than the warranty program.