liquadition

[Steve]

Originally Posted by I am Legend

Most of the cars if not all were already purchased by the dealers I think...it's not like GM just gave cars to dealers to sell is it?

I know my dealer said they buy from GM and then sell the cars...no loan or anything, cash for their lot cars.

If this is the case then GM would have to repay the dealers for the cuts...in turn losing more money!

You could be right. Maybe the interest payment on the floor plan is to the bank, that GM gets paid when the cars are delivered.

[jgr]

Can this all work for us by getting a better deal than just msrp.

[DGthe3]

All GM can do is offer factory incentives. The dealer will make their money either way in that cars. The dealers would need to agree as a group to drop their prices by . . . 20%? in order to get any real movement going. Even then, it might be hard.

[camaro5]

Originally Posted by gtahvit

Let's also not forget, there are still many cars on dealer's lots that aren't moving...

That would have to get out of the way before dealers can accept more stock even at reduced prices.

Even when they run out of some, they are not ordering more. Corvettes for example.

Originally Posted by I am Legend

Most of the cars if not all were already purchased by the dealers I think...it's not like GM just gave cars to dealers to sell is it?

I know my dealer said they buy from GM and then sell the cars...no loan or anything, cash for their lot cars.

If this is the case then GM would have to repay the dealers for the cuts...in turn losing more money!

This is the answer to this thread. There is NO liquidation possible. GM has already been paid for the units sitting on dealer's lots.

They are the property of the financing company that loaned the dealer the cash to buy inventory. "Floorplan financing" Usually GMAC in this case, which is a whole other cluster.

When a dealer goes bankrupt, you may be able to get something cheap. But, the units are owned by finance companies.