If you need a good reason to buy a Corvette Stingray or Z06 before the end of the 2015 model year, keep reading because I am going to give you 40,000 reasons why you should buy a 2015 Corvette over the upcoming 2016 model.
Earlier this month, General Motors announced a roll back to the powertrain warranty on all Chevrolet vehicles including the Corvette Stingray and Z06 to 60,000 miles from the 100,000 miles currently offered on 2015 models.
Since 2007, Chevrolet has offered a 5 year/100,000 powertrain warranty on its vehicles including the Corvette. That move was hailed by GM’s leadership who said that it proves they stand behind the quality of their vehicles. Starting in 2016, that warranty will be 5 years or 60,000 miles, whichever comes first.
That means the buyer of a 2015 Corvette Stingray or Z06 will have 40,000 more miles of warranty coverage over future models.
In addition to the rollback in miles, Chevrolet will also be reducing the number of free service visits offered each year to just two visits per year in the first 2 years or 24,000 miles.
According to GM, the 5 year/100,000 mile warranty is not one of the main reasons people use to justify their purchases according to research done by the automaker.
The reasons for the rollback were detailed in a memo to dealers from Chevrolet vice president Brian Sweeney and GMC vice president Duncan Aldred:
“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,”
“As a result, we have benchmarked our competitors, reviewed our current offerings and have concluded the following modifications to align closely with our customers’ needs and expectations,” it said.
We think that GM is being short-sighted by reducing the powertrain warranties. We’d rather see them being a leader as opposed to reducing coverage which is more in line with their domestic competitors. Explaining this to potential new Chevrolet/Corvette owners that somehow reducing warranty coverage is a good thing reminds us more of the old GM than the new GM.
So with the 2015 model year rapidly coming to a close, now may be the time to pull the trigger on that new Corvette Stingray or Z06. After all, there are 100,000 reasons to say yes!
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