Policy Notice: Resale

Policy Notice: Resale

The following pertains to the resale of NEW Corvettes purchased from Stingray:

Due to high demand, we only allow ONE DEPOSIT PER MODEL PER HOUSEHOLD. Additional deposits will only be accepted after the order is placed for production.

In other words, individuals may be on the Stingray List and the Future Variant List at the same time*. A second Stingray deposit can be placed only when the Stingray order is placed for production. *Separate deposits are required.

Additionally, if you sell your new Corvette within six months of purchasing it from us, any additional deposits and orders may be canceled and refunded. Anyone on the list associated with an individual involved in this activity will also be subject to cancellation.

Stingray Chevrolet’s commitment to selling at MSRP is to provide as many enthusiasts with the opportunity to drive and enjoy the new Corvette, at a fair price, as possible. When you flip your car immediately, either intentionally or just blinded by the prospect of gaining profit, the probability is high that the vehicle is subsequently exported, resulting in GM flagging YOU as a “Suspected Exporter.” If you are on the suspected exporter list, you are indefinitely ineligible to buy a new GM product in the future. If GM can connect any prior knowledge of this activity to the dealer, they could permanently cut the Corvette allocation to that dealer. 

“But I just sold it; I’m not the one who exported it”  — Sure, that may be true, but here is why that does not absolve you of responsibility:  In many cases of suspected exporting, the car is bought by an individual or organization with a Dealer’s License. When they sell your vehicle overseas, the official paper trail of the title status will show you as the first titled owner and the overseas buyer as the second titled owner. The dealer’s license gives the party who bought it from you the ability to skip the step of putting their name on the title because they are legally purchasing the car for resale. So, in black and white, which is very much how GM handles these scenarios, you are deemed the party responsible for exporting the vehicle. This is also the reason we do not allow new Corvettes to be purchased using a dealer’s license; not to mention it is a direct violation of the Sales Agreement we have with Chevrolet as a licensed franchise.    

The process is to cater to Corvette enthusiasts who want to buy this car to own it and eliminate our risk of losing all future Corvette allocation. Stingray will always reserve the right to alter any process or procedure at any time.