This was an ad run in the Sunday edition of the Detroit newspapers:
That's just a hair better than a 75% discount off list price... a red tag sale if there ever was one. Note that includes a voucher from the buyout program.General Motors is in trouble. Hummer is going the way of the Edsel. GM employees are going that way, too. Combine all of that and you get 75% discounts. But what if $9,500 is too much? Not to worry.
Price does not equal quality; price equals what the seller can get for the product... in this case, very little.
It's a shame to see General Motors... and Chrysler... fall on these hard times. Without the housing credit mess that led to the banking mess, the likelihood was that both General Motors and Chrysler would have survived a recession without government intervention. But it is what it is. And now Hummers are selling for less than $8,000.
Wait a few weeks and you may be able to pick one up and get $1,000 for your troubles. Still, I suspect that those GM employees may select something other than these Hummers... especially if they are concerned about insurance and operating costs... and their own uncertain financial futures.
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