The other day, we brought you the news that General Motors would compensate the roughly 135,000 buyers of crossovers with incorrect fuel economy numbers printed on their window stickers. At that time, the exact dollar amount wasn’t known, but GM has finally released the details of this compensation program.
According to Automotive News, GM will compensate buyers of the 2016 Chevy Traverse, GMC Acadia, and Buick Enclave with debit cards ranging from $450 to $1,500 or an extended warranty—the buyer gets to choose. For lessees of these vehicles, GM will offer only the debit card. According to reports, this will cost GM a total of about $100 million.
The actual amount of the debit card varies, depending on whether the owner bought or leased the vehicle, the terms of the lease or purchase, and the severity of the mpg discrepancy. For example, a lessee who signed up for just a three-year lease with a low mileage cap and a narrow discrepancy may get just a $450 card whereas a person who bought one outright with the widest mpg gap could get the full $1,500. As for the warranty option, GM is offering to extend its manufacturer warranty from 36 months or 36,000 miles to 60 months or 60,000 miles in lieu of the debit card.
GM has yet to announce how it will compensate the 30,000 to 35,000 fleet clients who purchase the affected vehicles.
GM plans to send letters to affected customers on Wednesday, May 25th.
We’ll continue monitoring this story and bring you updates as they become available. Stay tuned.