Opportunities to buy GM Cars during Bankruptcy

By Automotive Staff | June 04, 2009
Well, it’s done! General Motors is in chapter 11 bankruptcy. And that's a good thing. What do we mean? Well, many analysts say that there could be a bump in sales. GM dealerships could get buyers back into their showrooms through so-called “fire sales.” And since GM is closing down a large number of dealerships, there is another source for really cheap cars. Still, consumers have said that they will not buy products from a company that is in bankruptcy. And so that begs the question: Will buyers return to a company that has gone through bankruptcy? In short, here is an opportunity for the theory to be tested and GM needs to work hard to show that it is only a theory. via Detroit News

Still can't believe GM is in Chapter 11. No wait, I can absolutely believe it.