It Could Be Time to Buy a Saturn

Saturn Aura XR at the Beach

Jessica Anderson from Kiplinger's Personal Finance: If you're in the market for a new car, GM's loss could be your gain. Saturn's dealers have until the end of October 2010 to close, now that a deal has fallen through to sell the car line to the Penske Automotive Group. But many showrooms could close by January because inventory is low. That means the sooner you shop, the better your choices. And there are good reasons to consider a Saturn. Its most popular models — the Aura midsize sedan, the Vue small crossover and the Outlook midsize crossover — all score well in Kiplinger's Personal Finance's rankings. The Aura XE was Kiplinger's Best New Car for the 2007 model year. According to TrueCar, an automotive-data company that tracks prices, the average transaction prices for Saturn's most popular models are within a few hundred dollars of invoice. The average discount from sticker price is close to $1,000 on these models. And more incentives are likely soon.

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GM COO Fritz Henderson: We are Still "Evaluating Our Options," No Decision Yet on Saturn

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Now that General Motors has secured emergency financing via a loan from the U.S. Treasury, the company is putting its "complete focus" on meeting the requirements of the loan and developing a plan by the end of March that proves to the Government that it can evolve into a viable company, according to a story published Friday in Automotive News. The publication quoted GM COO Fritz Henderson as saying the company has still not made any decisions about Saturn, and that GM is still "evaluating our options."