Vehicles

What Should You Do If You Own Or Buy A Retiring Sedan?

Posted on December 5, 2018
If you own one of these, warranties will be honored, repair parts will be available, and the vehicles will remain part of a brand with an image to uphold. (LCT file photos)
If you own one of these, warranties will be honored, repair parts will be available, and the vehicles will remain part of a brand with an image to uphold. (LCT file photos)

With all the news about American automakers discontinuing car models, it’s fair to wonder how that affects the value of those cars going out of production.

Is the car worth less? How will it get repaired? Are there good deals to be had on the used car market? Will my discontinued car break down as soon as the automaker stops production of it? Why do American automakers keep ceding the sedan market to foreign makes?

The answers to all but that last question is to remain calm.

Chicago Tribune article here

Related article: GM Sedans Hit Hard By Factory Closures

Related Topics: fleet management, Ford, General Motors, Lincoln, OEMs, sedans, vehicle maintenance, vehicle sales

Comments ( 1 )
  • DHN

     | about 2 months ago

    Is the car worth less? - It's possible. Some vehicles lose value once discontinued, some vehicles maintain value. Weren't people scrambling to stockpile Town Cars? How will it get repaired? - Same way it was repaired before its discontinuation. Parts will be available. I believe there's a requirement that automakers manufacture parts for 10 years after discontinuation of the model, after that, there's always the aftermarket. I don't see limo companies using 10 year old cars though. Are there good deals to be had on the used car market? - Like every other car, there may be deals, there may not be deals, depends on market conditions. Desirability, availability, condition, etc.. Will my discontinued car break down as soon as the automaker stops production of it? - Probably no more than any vehicle that is currently in production. This probably depends on how well it was maintained. Why do American automakers keep ceding the sedan market to foreign makes? - American automakers would rather sell higher-profit-margin vehicles. Trucks, SUVs, and Crossovers fall into that category.

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