Thread: Resale Value
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Old 12-17-2003, 11:21 PM
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Another consideration that has always been a us mfgr. problem (especially GM) is sticking a glut of the outgoing model in the dealerships at model-year end to get every one out the door that is possible. You head down to your GM dealer to trade up to the new model and find that GM has just dumped a pile of new last year models at a discount. Add on big rebates and they have just sucked your resale value out of your vehicle. This deteriorates the used value and additionally discourages buyers of the new model due to the excessive depreciation. It is rumored that Hummer is only building half as many 04's as 03 models. That will help. We'll see. If they do a big rebate mid-year they will ruin the market - GM is not capable of managing product historically.
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