How will the bankruptcy affect the resale value of my used GM vehicle?
Resale value will decline substantially, if the track record for Chrysler’s vehicles during its first month of bankruptcy is any indication. According to the Automotive Leasing Guide, the projected resale value of Chrysler vehicles after three years fell by an average of six percentage points after the automaker filed for bankruptcy. If a 2009 Chevrolet Malibu were to drop at that rate, it would be worth $6,568 instead of $7,864 in 2012. But resale values could rise again if GM’s restructuring proves successful. How will the bankruptcy affect the availability of replacement parts? GM is obligated to make parts available to its dealers and customers. But the bankruptcy does put parts availability at risk, particularly if it lasts for months. Supplier bankruptcies and shutdowns are already rippling across the country. GM depends on contractors for most of its original and replacement parts. As the bankruptcy interrupts the flow of cash they need for their operations, they may shut produc
