Industry News
Saab prices falling as dealers try to shift stock ahead of General Motors decision on car’s future.
5th January 2010
General Motors are due to announce their
plans for Saab on 7th January. It is touch and go whether the brand will be sold or closed. According to Used Car Expert
Magazine prices on Saabs have been depressed for the last 18 months.
Editor, Matt Tumbridge thinks there is only a short time left for
consumers to bag a bargain,"The Saab brand has long been under-supported by GM in the UK and dealers have been
discounting stock to get rid of it - most notably Stratstone who have been advertising a half million pound Saab stock
clearance."
Seeing parallels with the demise of
Rover, Tumbridge warns, "Prices won’t be soft forever, even if they close it down. Rovers, which are no where near as good,
are now very firm in terms of used car residuals. Saab have a following, are close to BMW in terms of style, performance,
comfort. It’s lunacy that prices have been so soft so long and as soon as Saab’s future is clear, prices will firm up. Now
is the time to buy."
Used Car Expert Magazine advises that a year 2008 2.0t with average mileage of 12,000 can be yours
for £11,000 - £14,000. Saving over £10,000 from the new price. A 2006 year model with 40,000 average miles can be as
little as £7,000.
The same £7,000 budget will only buy a
will only buy a year 2003 3-Series at best. A year 2006 320i ES with average mileage of 29,000 can be found for £11,500
but £14,000 is a more realistic price. You won’t get a 2008 year car for anything like the same budget as a Saab.
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