Now a good time to get a GM vehicle for cheap???? local dealers

[lemond]

Around 1,100 GM dealers -- about 18% of the company's U.S. network -- should be receiving letters from the automaker informing them that the company does not plan to renew their contracts that expire in October 2010, according to people familiar with the plans.
GM said it selected the dealerships that weren't meeting objectives set by the company, such as minimum sales volumes and dealer profitability.

http://www.freep.com/article/20090515/BUSINESS01/905150425/1014/GM+dealers+to+learn+today+if+they+are+targeted+for+closure

[gregrnel]

Is a cheap new GM even worth it, spend $20K on a $30K MSRP car, put 60K miles on it, sell it in 5 years for $4500, that's still hardly cheap!

Around 1,100 GM dealers -- about 18% of the company's U.S. network -- should be receiving letters from the automaker informing them that the company does not plan to renew their contracts that expire in October 2010, according to people familiar with the plans.
GM said it selected the dealerships that weren't meeting objectives set by the company, such as minimum sales volumes and dealer profitability.

http://www.freep.com/article/20090515/BUSINESS01/905150425/1014/GM+dealers+to+learn+today+if+they+are+targeted+for+closure

[Popeye the Sailor]

Haven't they always been cheap?