Gm bankrupty and dodge, What will happen to used car values?

What will happen to gm Company like chevy buick saturn pontiac gmc


saab when they file bankrupty. Will used gm cars value go down or just lose value like gm stocks did, please tell me before i buy a chevy silverado for $25,xxx and also is just gm filing bankrupty or they all


brands go with it thank you|||Bankruptcy will have little effect on the resale of the car you are looking at. GM and Chrysler will not disappear. Their creditors will get will get shafted, and many of their dealers will go away, but the companies are too big to vanish, so service and parts and warranty will not be affected.





In fact, if resale is important to you, you have only two choices in your price range, Ford or Chevy (you can't get a full sized Toyota for the money you mention here). Dodge is so cheap now that it's hard to find a used truck for the price of a new Dodge, so depreciation is hardly a question. In fact, according to Automotive News, the authority on such things, even Toyotas are sliding backward faster than they used to (a sign of the times, I'm sure).





Toyota and GM are engaged in numerous joint ventures, like the NUMMI plant in California that produces both GM label vehicles and Toyotas (the Matrix and the Vibe are the same car, as an example), so Toyota may help support GM. And, GM is multinational, with Opel in Germany, Holden in Australia, and numerous other interests around the world. Chrysler will become more multinational once the deal with Fiat is completed, and Fiat is Europe's largest car maker, and currently sells two of the ten best selling cars in Europe, including the best seller, the Fiat 500. Chrysler is crashing because Daimler tried to make them a mini-me of Mercedes, and ignored economy cars and hybrids. Chrysler was ruined by Daimler (there is a lot of objective history to support this premise).





GM quality is way better than many people think. In fact, Buick displaced Lexus as the highest quality car in J D Power's most recent durability survey.





American cars suffer from decades of distrust, and the companies have been brought to their knees by their need to sell their cars for less than the Japanese brands because of their reputations. And now, the Korean brands (Kia and Hyundai) are challenging both American and Japanese brands, largely because of cheap labor and lower product development costs.





If the Chevy you are considering is worth less in the future, it will be more because of the lower initial purchase price than anything else. Try getting the same truck at a Toyota store, and see if the retained value is sufficiently higher to justify the higher initial price. And, you may not get as much truck in the first place.