Your GM Warranty - Dealers Disappear

July 13, 2009
Your GM Warranty - Dealers Disappear
Economic News and Information for Consumers

Concerned about your GM auto warranty?  You should be but not because the warranty is no longer good.

GM warranties have been backed by the government so they will continue to be good.  They also survived through bankruptcy so no problem there.  The bigger issue is where you’ll have your car or truck serviced because many dealerships will be closing their doors forever.

Where you purchased your GM vehicle may not exist in a year so you’ll need to pick up and drive farther.  If you’re in a population dense area like Los Angeles, this is probably not a problem for you.  It’s more those in remote areas where you could be forced to drive many more miles than your accustomed to.  Ask your local dealer if they made the cut and hopefully they’ll be forthright with you.  Remember, your warranty is still good.

GM emerges from bankruptcy this week, hopefully as a leaner more competitive company though it will take many years to assess this financial move and whether or not it helped.  In theory, it should.

This debacle started with $4 gas last Summer, which crushed GM’s truck sales, then came the recession and credit markets ceasing to a halt.  This was the final blow to GM that saw their sales slide worse than at any time in the company’s history.  GM was also removed from the DOW but is applying soon to re-enter.

If you like GM vehicles, now might be the time to get a new one.  Deals are abundant and credit has begun to ease.