Right now is probably the best time to buy a car

Posted: Dec 04, 2008
Filed under: Industry News

According industry experts, right now is probably the best time ever to go car shopping - of course that’s if you aren’t worried that the manufacturer will go out of business and shut down parts and services and ruin the cars resale value (so just as a thought – you may want to wait for the congressional hearings to be over today before you run to the dealerships).

“Virtually everybody can find what they want,” says Jack Nerad of kbb.com. “The only place they’re thin is pickups and large SUVs.”

Due to an ailing economy and falling sales, dealers are offering a good selection of deals and since automakers are slashing production that is leaving dealers with huge inventories on their lots that they are desperate to move.

Keep in mind that if the automaker goes under bankruptcy protection or is bought out by another company, parts, service and warranty work would be available.  Unfortunately if the company goes into liquidation, you’re stuck.

Source: The Detroit Free Press

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  • "We made mistakes." --GM's Wagoner

    This is just one of the old fart idiots who infamously flew to DC via private jet. You'd think he'd at least have advisors watching (preventing) blundering mistakes like these. And he's the face of GM??? he's dated and has nothing to offer.

    Treat it like sports: if you ain't winning, tag & bag him. there's a pool of fresh, innovative young dynamic & talented people to choose from.
  • Bobmarley
    "industry experts"? where were the they 4 months ago?
  • cinda
    I think Mr Wagoner and the rest of the upper management of GM should be fired and have their fancy salaries taken back, then shown the door not too kindly. Obviously these guys didn't know how to run a company. They are holding a gun to the government and the hostages are the many UAW workers who are going to get hurt. Not Mr Wagoner and his bloody staff! I am glad my father is no longer around to see what has happened to his former employer. My heart goes out especially the retirees. All Rick should get out of this is a card board box to live in.
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