Great Deals on Cadillac Likely
Over The Next Year
GM, in an effort to make Cadillac more like its luxury counterparts (Mercedes, BMW, and Lexus), would like to terminate hundreds of Cadillac dealerships, mostly in larger metropolitan markets.
Cadillac has roughly 1,500 dealerships while Mercedes and BMW have about 350 each.
GM thinks by eliminating most of its Cadillac dealerships, the remanning dealers will sell more collectively.
GM may want to terminate about 1,000 Cadillac dealerships by October 2010. If this were to happen, those terminated dealerships may find themselves in a similar situation to Chrysler dealers which were terminated recently.
Some of those dealers were forced to sell their inventory at fire sale prices.
Most terminated Cadillac dealers will probably be able to sell their inventory to the remaninig dealers, but a few will surely be forced to make some great deals with the public.
If you've got a long-term horizon before buying a car and you're considering a Cadillac, it may be a good idea to wait and see how this plays out.
My Recommendation for Car ShoppersTrueCar, Edmunds, 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.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- Gregg Fidan
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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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