Guy tells his friend - I just got my wife a new car

Friend asks, “Chevrolet?”

Guy says, “Of course! Why do you think I bought her the car?!”

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I'm lost on this one

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Perhaps it's pronounced like "She ever lay".

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Thus making the joke...?

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Making the joke that he gets laid, and got his wife a car for it. I didn't say it was a funny joke.

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It’s a seriously old joke.

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Well explain it then

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it's pronounced like "She ever lay".

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Maybe Chevrolet - shev role et -> did she roll it -> yes so i bought her a new car to replace the rolled one?

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"she ever lay?" is how I'm hearing it out loud but IDK

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His girlfriends name is Chevro, and he lays her, and that is why he bought his wife a new car.