2009 Cars Deals are Insane

Mark Solheim from Kiplinger: Auto sales in 2008 were the worst in 16 years, and this year could be even grimmer. Dealers desperate to move inventory off clogged lots are entertaining the lowest of low-ball offers. Add in generous cash rebates and low-interest financing - at least, for the most creditworthy customers - and screaming bargains abound. Bill Cormicle of Flint, Michigan, got a sweet deal on his new Saturn Vue, a model that was piling up on dealer lots. Cormicle was replacing a GMC Sonoma pickup and needed enough space to carry five people plus haul stuff in the back. He had been eyeing the new Vue hybrid, but when GM delayed production of that model, he chose the 2008 four-cylinder Vue (sticker price, $22,380; highway mileage, 26 mpg). Because Cormicle's dad worked for GM, he qualified for the employee discount, which knocked 10% off the sticker price. "But dealers were giving that discount to everyone," says Cormicle. "So my dealer took another $500 off the price." The final cost: $20,028.

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Press Release: GM Presents U.S. Government Updated Plan for a Viable, Sustainable Company

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GM today presented the United States Department of Treasury with an updated plan that boldly responds to the weaker global auto market conditions and details the company's long term viability. The plan, which provides a comprehensive review of key aspects of GM's restructuring, is the first of two status reports required by the loan agreement signed by GM and the U.S.