Endangered GM Brands: Risks, Rewards Of Buying

By: Associated Press Email
By: Associated Press Email

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If you're in the market for a new car, would you consider buying GM?

General Motors is planning to move forward with four basic brands: Buick, Cadillac, Chevrolet and GMC.

It's getting rid of Saturn, Saab and Hummer, and Pontiac is being shut down entirely.

Even though the federal government is guaranteeing the warranties of all GM cars, buying a brand with an uncertain future raises some concerns. In particular, new car buyers might worry about the ease of replacing broken parts and the resale value of a brand that's no longer in production.

That said, the historic restructuring could present some bargains. An executive with J.D. Power and Associates says some brands are going to be priced aggressively, and the value should be substantial.

Gary Dilts says "the next 60 days will be the time to move."

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