CAMARO6 - View Single Post - GM announces plant closings and ending production of several sedans

DorkMissile · 11-26-2018, 09:42 PM

IMO it really has nothing to do with the type if car, it is the fact that the domestic car companies cant make as good of commodity vehicle as the Japanese or Koreans. Not saying they cant make a good car, GM can make a good $40k 2 door performance car, but they cant make as good of a $20k 4 door sedan.

Throw in the fact that the deprecation on a domestic sedan is 2-3x that of a Japanese or European equivalent.

In 2015 I bought a new Sierra 1500 SLE Z71. Sticker was $43k, bought it for $38k. 3 years later I went to sell it and I struggled to get $23k for it on the open market (not a scratch on it with 24,000 miles). That was 46% in 3 years with VERY low miles.

Previous vehicle was a 2013 4Runner SR5 (base model). Stickered for $36k, paid $36k. Drove it two years and sold it for $31k with 42,000 miles on it. Put $4000 cash in my pocket after I paid off the loan.

Previous vehicle to that - 2011 Golf TDI. Bought for $27k (Demo with 3500 miles on it). Drove it 2 years and put 40k miles on it. Sold it for $23k.

Regardless of performance, longevity, etc....... the financial consequences of buying a domestic vehicle are significantly higher than their competitors. Hence HUGE rebates to help offset it.

Now I know this is a futile place to make these statements (on a Camaro forum) and it may be a bit hypocritical as I am a Camaro owner, but for the average person looking for an average car to do average things with minimal depreciation and lowest cost of ownership then I would tell you to buy a Camery over an Impala every day.

FYI - I grew up in Michigan. Both of my grandfathers, my dad, my uncles, my cousins and my friends all have worked for or work for GM. I have a brother in law who owns a Chevy dealership. I qualify for every GM employee discount you can get on a new vehicle, and the last car I bought for my wife was close to MSRP on a Forester.

11-26-2018, 09:42 PM	#10
DorkMissile Drives: DZ Join Date: Aug 2018 Location: Alaska Posts: 612	IMO it really has nothing to do with the type if car, it is the fact that the domestic car companies cant make as good of commodity vehicle as the Japanese or Koreans. Not saying they cant make a good car, GM can make a good $40k 2 door performance car, but they cant make as good of a $20k 4 door sedan. Throw in the fact that the deprecation on a domestic sedan is 2-3x that of a Japanese or European equivalent. In 2015 I bought a new Sierra 1500 SLE Z71. Sticker was $43k, bought it for $38k. 3 years later I went to sell it and I struggled to get $23k for it on the open market (not a scratch on it with 24,000 miles). That was 46% in 3 years with VERY low miles. Previous vehicle was a 2013 4Runner SR5 (base model). Stickered for $36k, paid $36k. Drove it two years and sold it for $31k with 42,000 miles on it. Put $4000 cash in my pocket after I paid off the loan. Previous vehicle to that - 2011 Golf TDI. Bought for $27k (Demo with 3500 miles on it). Drove it 2 years and put 40k miles on it. Sold it for $23k. Regardless of performance, longevity, etc....... the financial consequences of buying a domestic vehicle are significantly higher than their competitors. Hence HUGE rebates to help offset it. Now I know this is a futile place to make these statements (on a Camaro forum) and it may be a bit hypocritical as I am a Camaro owner, but for the average person looking for an average car to do average things with minimal depreciation and lowest cost of ownership then I would tell you to buy a Camery over an Impala every day. FYI - I grew up in Michigan. Both of my grandfathers, my dad, my uncles, my cousins and my friends all have worked for or work for GM. I have a brother in law who owns a Chevy dealership. I qualify for every GM employee discount you can get on a new vehicle, and the last car I bought for my wife was close to MSRP on a Forester.