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. 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 Shoppers
TrueCar No-Haggle, CarsDirect, and NADAGuides 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.- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author
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.
Latest Weekly Car Buying Tips
October 2021
- Which Cars Better to Lease or Buy Oct 28, 2021
- Worst Cars to Lease Right Now Oct 28, 2021
- Best Car Deals by Category Oct 28, 2021
- Real Prices of Large SUVs Oct 28, 2021
- Top 100 Cheapest New Cars Oct 21, 2021
- Cars With the Largest Rebates Oct 21, 2021
- New Cars You Should Wait to Buy Oct 21, 2021
- Real Prices of Pickup Trucks Oct 21, 2021
- Top 100 Cheapest Lease Deals Oct 14, 2021
- Best Car Deals Around the Country Oct 14, 2021
- Biggest Discounts on New Cars Oct 14, 2021
- Real Prices of Midsize SUVs Oct 14, 2021
- Best Bang for Your Buck Lease Deals Oct 07, 2021
- Best Electric, Hybrid Lease Deals Oct 07, 2021
- Best 0% Finance Deals October 2021 Oct 07, 2021
- Real Prices of Compact Cars Oct 07, 2021
September 2021
- Real Prices of Midsize Cars Sep 30, 2021
- Price Comparison of Subcompact SUVs Sep 16, 2021
- Best & Worst New Cars to Buy Now Sep 02, 2021
- The Best Labor Day 2021 Car Deals Sep 02, 2021
- Real Prices of Small Luxury SUVs Sep 02, 2021
- Largest Hidden Dealer Rebates Sep 02, 2021