Gary,
I have seen just the opposite happen in standard car auctions. The prices are throught the roof. We are paying 10 to 20% more for cars at the auction than 6 months ago. When new car sales are down the market for "program" cars skyrocket. Most car dealers are not even buying at the auction...
It is called the Genesis project and it's been around for a while.
The Chrysler/Jeep/Dodge dealer down the road from us, was given the dreaded letter. I offered to buy half of their inventory on the 9th. After that date they can still sell the cars but will not get paid the incentives,nice way...
Most of the dealerships closing we're probably on the brink of closing anyway. Some were under capitalized, others were selling less that 50 units yearly. The GM dealers for the most part had another point to rely on.
I run a small dealership in Louisiana that sells Dodge, Jeep, Chrysler, and Chevrolet.
Thursday, we received the letter from Crysler, via UPS, that we will be part of the new Chrysler.
Friday, we did not received the dear John letter from GM, it was also confirmed that we would not be a dealer...
Even though it is a little pricey, it is one of my favorite sticks right now. I make sure always to have a couple resting in the humidor. I keep these in my CC humidor which seemed to help in the burn issue.
Rich
To be honest, we have heard alot about Saturn. Our biggest local dealer within a 2 hour drive has terminated his contract with Saturn. We have seen a rise in Saturn trades. I am almost sure Saturn has seen its last days.
Thanks for all the well wishes.
Rich
Mice and rats do alot of damage to car and trucks all the time. We have one or two repairs a month from critters chewing the wires or getting in the ac unit. Warranty usually will not cover critters!
Rich
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