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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.

Driving McLaren's Sports Car and 'The Best Corvette' at the M1 Concourse | AutoblogVR

There's nothing better than a track day. Great cars on a great track are always great fun. Recently, we had the opportunity to check out the new M1 Concourse in Pontiac, MI, with two of the coolest cars in the game; a McLaren 570S and a Corvette Grand Sport. Driving the 570S was Autoblog senior editor Greg Migliore, and he didn't hold back. Getting behind the wheel of the McLaren, Greg explains that although this is McLaren's idea of a sports car, "it's all relative." Topping out at 204 miles per hour with 562 horsepower, there's no two ways about it: this thing is a monster. While the 570S was fantastic, we had another sports car we wanted to drive and editor-in-chief Mike Austin was just the man for the job. Enter the Corvette Grand Sport. Mike pushed all 460 horses of the 'Vette to the limit and came away impressed with the car, even calling it "the best Corvette." Comparing it to its more powerful sibling, the Z06, Mike goes so far as to say the Z06 has too much power, while the Grand Sport seems to be the third bear's bowl of porridge in the Corvette family... It's just right. We captured all the action of the day with 360° cameras so you can feel like you're right there in the car sitting shotgun with us! You can check out the McLaren and Corvette laps above, but the best way to view them is through the AutoblogVR app, where you can watch the videos on your VR headset or in a nice swivel-y office chair so you can take in the sights all around you. Each month, new episodes will launch on the AutoblogVR App. We'll be posting them here on Autoblog, but for the best experience, head over to the app, which you can download for free from the App store and Google Play. Be sure to try it with a cardboard viewer, too!

2016 Chevrolet Spark gleams in green in New York

Take one look at the 2016 Chevrolet Spark that's debuting at the 2015 New York Auto Show, and you can immediately see that the little hatchback is growing up. The previous long headlights and tall greenhouse are gone in favor of a slightly more conventional look that suits the enlarged overall size well. To address complaints about a lack of power from the current Spark's 1.2-liter engine, the latest model gets a larger 1.4-liter unit making 98 horsepower. It can be paired with a five-speed manual transmission, but for those looking to maximize fuel economy, a CVT offers an estimated 40 miles per gallon highway fuel economy. Beyond the new engine, there's an upgraded platform underneath with a longer wheelbase. The underpinnings are also more rigid, as well, to help improve handling and lower interior noise. Inside, the Spark now gets some physical controls to go along with the seven-inch MyLink infotainment system. A rearview camera is standard, which seems almost unnecessary is such compact model, and buyers can further enhance safety with tech like a Forward Collision Alert, Lane Departure Warning and Side Blind Spot Alert. Check out the gallery above to see the Spark in its nuclear green paint at the New York show before the little hatch arrives at dealers in the fourth quarter of 2015.