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Old 05-11-2009, 12:45 AM   #1
JDBeck23

 
Drives: 2010 Camaro, 2SS/RS
Join Date: May 2009
Location: King George, Va
Posts: 881
Not looking to be pessimistic, BUT... GM Bankruptcy thoughts?

Hey guys, I've been lurking here for the passed couple weeks. Just submitted an order with Country Chevrolet for a 2SS/RS CGM and am learning now that it seems damn near certain that GM will file bankruptcy this summer.

Im not exploding about it. Im just wondering what you guys are thinking as far as how that will affect production, car prices and dealerships motivation to lower the prices.

At first I was thinking I made a mistake ordering a camaro and shortly after I would be screwed because GM filing bankruptcy. Although I doubt they'll be in the same boat as Chrysler, I think GM will file bankruptcy to split off the less profitable sides of their business and trim the fat. What im wondering is how that will hurt production, and thus the car Im hoping to get by July or August.

Second thing is... given the huge demand for the new camaro, I would think a slowing in the production would only increase the price of the camaros that are actually on the lot. Since there wont be any new ones coming in the near future at that point. But at the same time, dealerships closing down due to the lack of new car inventories would also counter-act the supply/demand frame of thought.

What do you guys think? Should I withdraw my order and wait? Or leave my order and hope for the best?

Side note: the dealership I ordered from was an "at MSRP" dealer, but they wanted a 2500 dollar non refundable deposit. I went with this because I figured if I really wanted out of the order, I could get out of it, even though they say it's "non refundable". I ordered over the phone with a credit card for down payment, if push comes to shove I can tell them I never signed anything about non refundable, and I can just call my CC company and have them return payment. So what im wondering is, should I withdraw my order (only placed a few days ago) and maybe I can order a camaro in June under MSRP when the suspected bankruptcy comes out?
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2010 2SS/RS CGM
American Racing Headers, Magnaflow axle back, Roto-Fab CAI, Audio Integrations Sub box, Alpine Type R 10, Alpine MRP-500 amp, Pro Clips iPhone Mount
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