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Discontinued car brands hold value in used car market

July 25, 2010 by mycarlady

MyCarlady was recently quoted in an article in SFGATE.com written by Michael Sanibel for Investorpedia, regarding the concern surrounding purchasing a discontinued or “dead” car brand. Discontinued car brands are holding value in used car market today follow-up this with the latest used car values in the marketplace under $10,000.00

The opriginal article came on the heals of the announcement Saturn, Pontiac, Hummer (all GM products) Durango, Aspen and PT Cruiser (all Chrysler/Dodge models) and others were scheduled to leave the US market.

The follow-up to this discussion of whether these discontinued cars were a good purchase idea became a debate most dealers would question from the “resale” value and the concern of the consumer regarding parts availability over the next 5-10 years. My observation was that most of the GM products used interchangeable parts, making this less of a concern than a SUZUKI (rumored to be pulling out gradually) who has no other shared manufacturing with US models.

Along the way used car prices have gone up steadily this year and the winners among the discontinued models are:

Saturn VUE, AURA and ION and the Hummer H2. Consumers are snapping these up at ABOVE average prices regardless of the “dead” trend.
Not so for the Pontiac brand, where G6 and G8’s are off-price by as much as 40% .
Used Chrysler Aspen, Jeep Commander and Dodge Durango’s are off 30%, as much a result of the history of bearing and axle issues (all these cars share the same assembly) than the mediocre demand for larger suv’s with poor fuel economy.
The PT Cruiser is still a solid used car deal, where a recent 2001 Limited (leather, moonroof) with 81k miles was offered for $4995.00 PT prices aren’t off-price in the market for used cars under $10,000.00 because they are coming of age and the sheer quantity of available PT Cruiser inventory is keeping prices a bargain regardless of the “discontinued” label.
Saab is off as much as 50% in many parts of the country, known for expensive repairs and limited service centers.
Volvo and Suzuki have been the subject of “graveyard” status for awhile, making their sales subject to severe scrutiny even though the cars are pretty reliable.
The Mercury line will suffer the same fate as Oldsmobile, more from the lack of resale to an aging demographic, parts are interchangeable with other Ford products so if you like the Grand Marquis or Mariner, don’t be shy, they’re prices are down about 20%, except for the GM LIMITED a steal at 5% off the market as these are still in demand in the used market.

If you are looking for one of these “StealsonWheels” check out my youtube website for videos and cars under $10000.00 : www.youtube.com/stealsonwheels

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If you need any other car buying, selling, trading or financing assistance on any new or used vehicle, please do not hesitate to email me at sarahlee@mycarlady.com or give me a call; 702-521-7546 I’m here to help you with any of your automotive needs and advice is free. Sarah Lee is an automotive executive with 20+ years of experience. She writes about Cars, and is a staunch consumer advocate on car related subjects. Her company: MY CARLADY is a car buyer’s service committed to getting you the best deal on your next new or pre-owned vehicle. You can reach her at CAR DEALS

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May 21, 2009 by My Carlady

TOUGH TIMES AHEAD FOR LAS VEGAS CAR DEALERS.

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NEWSFLASH from SARAH LEE: CHRYSLER BANKRUPTCY and LV DEALERSHIPS CLOSING -

IS THIS A GOOD TIME TO BUY?– WHERE IS SARAH LEE NOW? –

HOW IS YOUR CREDIT LATELY?

PHONE CALLS PHONE CALLS… STOP THE CALLS Many of you have received calls from XXXX dealership CHRYSLER-JEEP-DODGE announcing a “FACTORY FORCED LIQUIDATION, this is not a sale” WHOA**** This is the management at xxxxx dealership using purchased customer lists. The callers ARE NOT FACTORY REPS. The factory is not telling them to GIVE AWAY their inventory, as a matter of fact, most dealers will barely have enough cars to get through the summer. Chrysler has given many dealers of single brand dealerships 90 days to merge with other single brand stores. They have also promised to pay all rebates and buy remaining 2009 NEW inventory. DO NOT FALL FOR THIS HYSTERIA. THE TRUTH is many dealers were holding on in the hopes that CHRYSLER would pay them to close their dealerships. When THAT didn’t happen, they closed. They weren’t selling enough to justify staying open and paying rent/staff. It started with quality issues, gas prices and then lack of financing available to help get customers car loans during tough times. A PERFECT STORM for business disaster. Until the CHRYSLER bankruptcy is OVER, no one but the big shots in Detroit know which models will stay and which will go. As such, I am advising YOU to limit your purchases to JEEP WRANGLER, LIBERTY and GRAND CHEROKEE, as these models are very strong sellers. The promise of LOWER PAYMENTS, is unlikely if you owe more on your car than it’s worth. Furthermore, all 3 domestic models have cut their leasing programs to almost nil, making the lease payment you have now a BARGAIN worth EXTENDING!
These calls are desperate measures to get customers in the door with promises that have nothing to do with your best interest! DON’T BUY ANY CAR before you call me… WANT TO KNOW MORE? CALL ME 521-7546

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HAPPY MEMORIAL DAY WEEKEND 702-521-7546
I’m AVAILABLE all weekend! CALL 702-521-7546

GM is NEXT. GM has announced the closing of 1000 dealerships across the country. The PONTIAC brand will cease to exist July 1st.

Expect to see SATURN, SAAB, GMC, to follow in the next year. Watch Chevy cars and trucks, Cadillac and Buick survive. Ford has already put Mercury on notice, expect Lincoln to move in with Ford. The new HENDERSON MERCEDES BENZ dealership opened quietly this week. Watch for the fireworks and big ad blast to come in the next few weeks as they get the kinks worked out.

Findlay’s new AUDI dealership is under construction across from the Toyota dealership. Centennial Hyundai is closed, and World Kia may be moving across the street soon. Imagine 10-12 empty dealerships by this time next year. Only the companies with great customer service will survive.

WHERE DO YOU GO FOR SERVICE?
For now I am referring all DODGE CHRYSLER and Jeep service to Chapman’s in the Valley Automall and on E. Sahara, where they built a new building. Ryan Payne is the Service Manager over both locations. He does a great job making sure his staff gives SARAH LEE clients extra special attention! TELL THEM I SENT YOU!

GET WELL SOON! Peter Gallagher, Chris Sutter, and Flo Bolton. Congratulations to Amanda and Casey on their pending nuptials and to the parents and grandparents. A big HOORAY to Rebecca on her recent graduation from NAU with HONORS! Congratulations to Annesse D. retiring from a great career of civil service.

WHERE IS SARAH LEE NOW? Desert Dodge and INTEGRITY are both closed, NO I wasn’t the cause! TODAY

I am happy to be a licensed, independent CAR BUYERS AGENT, offering my tried and true services to you, and your friends & family. I am able to assist you with the purchase of ANY MAKE OR MODEL, NEW OR USED anywhere in the country. I work with most of the dealers in Las Vegas and Henderson to make sure you are getting the best deal possible. I also search outside Nevada to find you the perfect car at the best price, and have it delivered to your home or office. The only thing that’s changed is my hair got longer, I got (a bit) older and now I come to you instead of you coming to me! HOW COOL IS THAT? SO, no need to worry, I’m still in the car business, and happy to offer my 20+ years of experience to keep you from making a mistake during these very tumultuous times.
You can reach me at sarahlee@mycarlady.com or my cell: 521-7546, or follow me on Twitter: @mycarlady or text me at 7025217546! Anyway you try I’ll answer!

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CREDIT PROBLEMS? SHORT SALES, REPOS, Foreclosure?
You need a 660 or better FICO AUTO to get a car loan these days.
If you want to lease a car, plan on having a 700+ Otherwise, I have the solution to getting your credit cleaned up so you can purchase a car or a home at a good rate. eCreditAdvisor has been doing great things for many of my clients in the real estate market. I can help you learn more about how your credit score can be improved in as little as 60 days. Call me for details or click on this link for more info.

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FORE FORE

IF you are around BEAR’S BEST golf course next Thursday 5/28/09 5-7pm come watch the THUNDERBALL LONG BALL GOLF CHANNEL CHALLENGE. The world’s best long ball hitters will be putting on a show for a recorded event to be telecast this fall.
Cheerleaders, crazy antics and celebrities… Think Caddyshack meets the WWF. Could I make this up? NO WAY! Good luck COLIN!
FORE! Hundred yards! OMG!

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Discontinued car brands hold value in used car market

The opriginal article came on the heals of the announcement Saturn, Pontiac, Hummer (all GM products) Durango, Aspen and PT Cruiser (all Chrysler/Dodge models) and others were scheduled to leave the US market.

Along the way used car prices have gone up steadily this year and the winners among the discontinued models are:

Saturn VUE, AURA and ION and the Hummer H2. Consumers are snapping these up at ABOVE average prices regardless of the “dead” trend.

Not so for the Pontiac brand, where G6 and G8’s are off-price by as much as 40% .

Used Chrysler Aspen, Jeep Commander and Dodge Durango’s are off 30%, as much a result of the history of bearing and axle issues (all these cars share the same assembly) than the mediocre demand for larger suv’s with poor fuel economy.

Saab is off as much as 50% in many parts of the country, known for expensive repairs and limited service centers.

Volvo and Suzuki have been the subject of “graveyard” status for awhile, making their sales subject to severe scrutiny even though the cars are pretty reliable.

If you are looking for one of these “StealsonWheels” check out my youtube website for videos and cars under $10000.00 : www.youtube.com/stealsonwheels

JEEP DEALER CLOSE-OUT SPECIALS

More From MyCarlady^®

Available Cars

Download Free MyCarlady Podcasts:

702.521.7546

Discontinued car brands hold value in used car market

The opriginal article came on the heals of the announcement Saturn, Pontiac, Hummer (all GM products) Durango, Aspen and PT Cruiser (all Chrysler/Dodge models) and others were scheduled to leave the US market.

Along the way used car prices have gone up steadily this year and the winners among the discontinued models are:

Saturn VUE, AURA and ION and the Hummer H2. Consumers are snapping these up at ABOVE average prices regardless of the “dead” trend.

Not so for the Pontiac brand, where G6 and G8’s are off-price by as much as 40% .

Used Chrysler Aspen, Jeep Commander and Dodge Durango’s are off 30%, as much a result of the history of bearing and axle issues (all these cars share the same assembly) than the mediocre demand for larger suv’s with poor fuel economy.

Saab is off as much as 50% in many parts of the country, known for expensive repairs and limited service centers.

Volvo and Suzuki have been the subject of “graveyard” status for awhile, making their sales subject to severe scrutiny even though the cars are pretty reliable.

If you are looking for one of these “StealsonWheels” check out my youtube website for videos and cars under $10000.00 : www.youtube.com/stealsonwheels

JEEP DEALER CLOSE-OUT SPECIALS

More From MyCarlady®

Available Cars

Download Free MyCarlady Podcasts:

More From MyCarlady^®