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Saab in Port
Posted by LG Aero [Email] (more from LG Aero) on Thu, 16 Feb 2012 06:00:20
In Reply to: Unfortunately, no., B Millar [Profile/Gallery]
, Wed, 15 Feb 2012 05:25:39
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When I picked up my new 9-5 yesterday I asked the dealer about the cars in port. He said that Ally (GMAC) had lent the money for the cars and have taken them over a part collateral on the Saab loans. It was his understanding that Ally will auction them off in their typical fashion that they auction repos and lease returns. Only GMAC dealers will be able to bid on them, but there are many GMAC dealers outside of the obvious GM brands.
Once that happens then a listing of just what cars they are will go out. It is not expected that the effective prices will be any lower than what some dealers who have sold on the low end have been. The fact is that the aggressive price reductions on the part of some dealers has seen the sales of the 9-5 be very active. So much so that many dealers that have 9-5's, particularly ones with options like Nav, to raise their prices as they overall supply is dwindling.
posted by 69.205.35...
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