GM's bankruptcy and its effects on pricing
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GM's bankruptcy and its effects on pricing
Looks like the time for me to pick up a cobalt ss or a camaro ss is coming up:
http://articles.moneycentral.msn.com...6004.14.2.15_4
New-car deals
Now the auto giant's difficulties have helped push the average
incentive on a GM vehicle, which includes cash-back offers and
discounts, to about $4,200, said Art Spinella of CNW Research. He said
that number could rise to $6,500 or more in the wake of a bankruptcy
filing.
But the perceived risk in buying a vehicle from a company under
bankruptcy protection is expected to scare away many potential buyers.
Talk back: Would you ever buy another GM or Chrysler vehicle?
"Uncertainty may wind up driving some remarkable deals for consumers
willing to take those risks," said Paul Taylor, chief economist with
the National Automobile Dealers Association.
http://articles.moneycentral.msn.com...6004.14.2.15_4
New-car deals
Now the auto giant's difficulties have helped push the average
incentive on a GM vehicle, which includes cash-back offers and
discounts, to about $4,200, said Art Spinella of CNW Research. He said
that number could rise to $6,500 or more in the wake of a bankruptcy
filing.
But the perceived risk in buying a vehicle from a company under
bankruptcy protection is expected to scare away many potential buyers.
Talk back: Would you ever buy another GM or Chrysler vehicle?
"Uncertainty may wind up driving some remarkable deals for consumers
willing to take those risks," said Paul Taylor, chief economist with
the National Automobile Dealers Association.
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Yeah, I've been seeing several people, who picked up their camaros at or below msrp. However, I know there are some dealers charging above sticker. I imagine I'll end up leaning towards the cobalt, but we'll see how things play out.
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