Wouldn't you really rather have a Buick?

1949 Buick Roadmaster Sedanet
My Regal has been a real champ, and I’d love to replace it with the almost identical LaCrosse, but should I ever buy another Big 3 car? Business forecasting bastion Kiplinger considers the obvious question:
Kiplinger: Should You Buy a Detroit Car?
Loyalty to the American carmakers is low and getting lower. When it comes to cars, Americans have a long memory. We remember the Cadillac Cimarron (a Chevy Cavalier masquerading as a luxury car), the Ford Taurus (which languished as a rental lot staple while Detroit focused on trucks), the Hummer H2 (a symbol of Detroit’s myopia).
We remember the years of quality and reliability problems as well as the inept management decisions. We bristle because Detroit neglected fuel-efficient cars, gave expensive perks to the unions, and even paid workers while production lines were idled.
Detroit has made great strides fixing its problems and designing better cars, but it may be too late. As Americans have fled to foreign makes, many of which are made right here in the U.S.A., Detroit’s market share has dwindled to 482% (sic), compared with more than 60% five years ago.
Well, no:
I wish the U.S. carmakers, and the industrial Midwest, all the best. No one wants to see the pain associated with job losses. But although I’d love to play the patriot card and recommend that you support the American carmakers, why take the chance? You have enough problems with your retirement and college funds to risk another hit on your personal finances.





GM needs to quit building so many cars. Of all their current offerings, I'd be least sorry to see Buick reunited with Oldsmobile.
November 23, 2008 1:26 PM | Reply | Permalink
I recently bought a new mini-van (only the second time in my life I purchased a brand new vehicle) and I can tell you the US manufacturers are just not up to par. Chrysler invented the mini-van, but they don't compare in price or quality to the foreign offerings.
We looked at the Hyundai and the Chrysler (the Hondas and Toyotas were too expensive). They Hyundai was cheaper, had more features, had higher reliability ratings, and just seemed to have a better quality of construction.
Here is a great example of "American Engineering." The Chrysler minivan came with a built in DVD player with two screens, which is nice so the second and third row passengers can see the screen better. However, when you flipped the second row seats around facing backward, there was no way to flip the DVD screen, so they were no longer able to watch the movie. You would have thought someone would have noticed that when they were mocking it up on the computer...
I don't think I will be buying an American car anytime soon. In fact I am not buying another car until I can buy one that runs on electricity.
November 23, 2008 1:57 PM | Reply | Permalink
CBC Radio's The World at Six had a short piece on their Friday programme about the British auto industry.
The gist of it was: a strong domestic car industry, couldn't face foreign competition in the 70s, government gave the industry billions of pounds, companies couldn't compete so they consolidated,, foreign firms bought domestic automakers, auto manufacturing continued in Great Britain under foreign ownership.
Would a similar scenario play itself out here?
November 24, 2008 12:53 AM | Reply | Permalink
Good question. Perhaps the real question is which, if any company(s) would be able to arrange the credit/financing for such a deal(s) vis a vis the current banking situation and new car demand?
November 24, 2008 3:37 AM | Reply | Permalink
I already posted the rumor that SAIC and Dongfeng may be looking at GM and Chrysler. China holds enough T-Bills to buy hundreds of GMs.
November 24, 2008 7:38 AM | Reply | Permalink
It would be 'interesting' to see if Chinese automakers taking over a US automaker would choose to produce vehicles here in the US at higher labor and regulatory costs rather than move production facilities to China and import. My guess: move as much to China as possible, in which case we lose jobs and manufacturing capacity. While it solves GMs' problems it doesn't do much for the US other than saving any money lost in a bailout.
November 24, 2008 1:59 PM | Reply | Permalink