GM and Chrysler to Dump 3,400 Dealerships: Prices Will Drop
GM and Chrysler have decided to close down 3,400 dealerships across the nation, mostly in metropolitan areas.
Chrysler will terminate 789 dealerships by June 9th (roughly 25% of their total) while GM wants to shut down a whopping 42% of their dealerships by the end of 2010.
In the long run, this will allow surviving dealerships to raise prices since there will be less competition, but in the short term, there are some screaming deals to be had, especially for Chrysler vehicles. Chrysler dealers have to get rid of their inventory by June 9th, and you can be sure they'll be offering some incredible deals.
Chrysler has released a list of dealerships that will be shutting down. Here's a couple of great Google Maps showing which dealers are going to be shut down in your area. Make sure to contact these dealers to see what kind of prices they're willing to offer.
If you're looking to buy a Chrysler or GM, now is a screaming opportunity to get a great deal.
My Recommendation for Car ShoppersTrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- Gregg Fidan
About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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