One of the biggest stories in financial news today is the trouble being experienced by our American car companies. GM, Ford, and Chrysler are all at all time lows as far as stock prices go and the fear had by many is can the big three survive this crisis?
Answers to this question are up for discussion and only time will tell how the situation is going to pan out. One topic related to the hard times of the big three is the present and future of used car prices of vehicles from these manufacturers.
When it comes to buying a used vehicle of any vintage having the support of the manufacturer can be a major bonus so what is one to do if any of these companies bite the big one? Also will it affect the availability of parts and other services?
The answers can not always be clear, but in my opinion those who are worried about whether they made the right choice of buying a used vehicle from the big three can rest easy. Parts availability from car companies current and non-existing can depend on the popularity of the model in question. I wouldn’t worry about all of a sudden not being to find an LS1 engine as re-manufacturers and third party companies are always there to keep the makes and models alive. Currently you can still buy parts easily for a wide variety of vehicles no longer in production and even from makes that have not even existed for years so i would be quick to think that any vehicle currently on the market would be in any type of jeopardy.
The Big Three could be in store for some major re-adjustments and we will all just have to wait and see how this situation pans out but as far as prices of used cars and parts from the big three I personally do not see any reason why the vehicles would see any spike or fall in pricing that is directly related to the finances of the manufacturer.