Would you buy a discounted Holden?

[fiestaz]

Originally Posted by jstanovic

It is not 10 years, it does not state that anywhere in legislation. That was just the industry's "unwritten" rule. The law actually states something along the lines "for an acceptable period." From memory someone on here provided a link to it, buggered if I can find it again...

To clarify consumer law states 7 years (my mistake) but Holden (GM) has committed to an industry standard 10 years.

Either way you would be pretty well covered.

[xr8territory]

Originally Posted by CyberWasp

Has anyone ever found where the stash of non sold vehicles is, and how many are there?

There are hundreds and hundreds and hundreds of cars at Kembla Grange, just south of Wollongong. Mostly look to be VW but must be other brands in there.

[BENT_8]

Ok guys, you can put your cheque books away again, its a false alarm.

I just called into my local Holden Dealer and overheard a conversation between the sales manager and some customers where he made it quite clear that there would be no big discounts.
Apparently the discounts aren't to customers, they are for the dealers to offset the compensation payments GM owes to them and said it was then up to the dealers to set their price.
He said there would be some negotiation but that it would be unachievable to give discounts as reported.
He said the only serious discount would be on base model Colorado 4x4 of around 10k.

Will be interesting to see how this unfolds.

[xr8territory]

Originally Posted by BENT_8

Ok guys, you can put your cheque books away again, its a false alarm.

I just called into my local Holden Dealer and overheard a conversation between the sales manager and some customers where he made it quite clear that there would be no big discounts.
Apparently the discounts aren't to customers, they are for the dealers to offset the compensation payments GM owes to them and said it was then up to the dealers to set their price.
He said there would be some negotiation but that it would be unachievable to give discounts as reported.
He said the only serious discount would be on base model Colorado 4x4 of around 10k.

Will be interesting to see how this unfolds.

That is very interesting. I doubt they will clear their existing stock by end of June. Isnt that when Holden dealerships cease to exist?

[fiestaz]

Originally Posted by xr8territory

That is very interesting. I doubt they will clear their existing stock by end of June. Isnt that when Holden dealerships cease to exist?

End of the year apparently, but dealers have said supposedly they will be out of stock within months.

Based on BENT8s research, sounds like media speculation and blowing up

[BENT_8]

Originally Posted by xr8territory

That is very interesting. I doubt they will clear their existing stock by end of June. Isnt that when Holden dealerships cease to exist?

Don't know, all I can tell you is I watched these customers march in all dressed up to the nines, kids in tow equally dressed up and they looked like they meant business, walked straight up to the sales manager and didn't look overly impressed after listening to what he had to say.
I heard the Husband say "so its all lies then" to which the manager said "there are discounts but its between GM and the dealers to offset the compensation payments owed as we still have a 5yr contract with them, there will be negotiating but nowhere near the reported figures as it would be unachievable for us" He then mentioned 10k on base model Colorado 4x4.

They weren't impressed and I high tailed it out of there also, so that's 2 sales they lost in 2 minutes, I was prepared to take a serious look at the base model Grey Trax they had out front.

[hayseed]

https://www.theguardian.com/business...flow-to-buyers

[IanC]

Looking on Gumtree before the closure announcement I saw 2018 build 2019 Commodore wagons going for $30,000 with less than 100km on the clock. So that is basically a two year old vehicle which has been sitting in a paddock for those two years. That won't do it any good. The discount would have to be much bigger than that to tempt me. Perhaps if it was $20,000 I could be interested. If the dealers are going to keep the discounts and only offer peanuts off I won't be buying. My guess is the dealers will try it on but it won't work and people won't buy until the discounts are really big.

[4stanger]

I don't know how true this is.
But a mate reckons his Qld. government department, put in an order for a colorado late last week, only for QFleet to come back to them early this week, to tell them to choose another brand of vehicle, as there will be no more orders to be processed for holden vehicles, even though holden was on the list to pick from last week.
Must be something there if a government department, aren't going to purchase holden vehicles, even through a lease?

[danzvtil]

So based on bents research I’ll make the following prediction. The dealers will work hard to sell the cars in stock that they own but won’t take any more from HOLDEN. Dealers will be hauling *** to drop the hot potato by June 30.
All the paddock cars will end up at pickles or greys, they will have to take what they’re given.I would wait and bypass the dealers completely.

[ebv8]

i would have jumped on an Astra R manual for $12k ($12k driveaway stated on all the news sites)
but dealers will be dealers and they are in it to make money, just like selling GT-F's for over $100k when the rrp was about $80k

[Dr Terry]

Originally Posted by jstanovic

It is not 10 years, it does not state that anywhere in legislation. That was just the industry's "unwritten" rule. The law actually states something along the lines "for an acceptable period." From memory someone on here provided a link to it, buggered if I can find it again...

Exactly, it is an un-written industry rule.

Look at a few of the recent discontinued car brands, Daewoo & Daihatsu.

Daewoo was gone over 15 years ago & Daihatsu more recently, but you can still purchase some genuine parts for both of these brands.

GMH wqill have a presence at Dandenong for at least 8 to 10 years to cater for warranty, parts & any recalls that my arise (Takata for examle).

Dr Terry

[cheap]

Anyone who does buy a runout holden should take out a comprehensive new for old insurance policy - that would be interesting.

[Mechan1k]

I guess we see what pans out.
As for a daily commuter vehicle the Astra is tempting indeed for that price.

[baker1]

No way. The resale disaster will offset any savings, not to mention they're **** cars which is how the ended up in this situation. I also couldn't imagine warranty and service would be anything thing more than the bare minimum to meet government requirements.

[superyob]

No. No I would not...

[PG2]

Would I buy a Holden at a heavily discounted price?

Of course I would. I bought a Colorado 2 years ago at full price (less negotiation).

[roKWiz]

Yes, is someone selling a cheap Sandman ?

[Tassie f100]

Really cannot see there being any warranty or parts problems because very few dealers are one make only now,so the shop will be still there,most of the vehicles now being sold are coming from the global manufacturing so parts will not be a problem.Not really much different than buying the superceded model at a discount.

[BENT_8]

Originally Posted by baker1

I also couldn't imagine warranty and service would be anything thing more than the bare minimum to meet government requirements.

So slightly more comprehensive than the 'They all do that' motor company you think..?

[Polyal]

Who cares about resale seriously, if your buying outright then run the sucker into the ground. Show me a car that gives good resale, there are ones that offer "better" but its still not good. They are consumables people not assets.

If we didnt just get a Paj Sport recently then id get one of those trailblazer things for sure if it was $10k off.

[Bossxr8]

Originally Posted by fiestaz

It is law that a manufacturer must back a car for parts for 10 years. This includes GM in this situation.
It has also been said that Holden will still have an office open for customer service/warranty for the next 10 years.

Their hand is forced here, so a buyer is still covered.

Originally Posted by jstanovic

It is not 10 years, it does not state that anywhere in legislation. That was just the industry's "unwritten" rule. The law actually states something along the lines "for an acceptable period." From memory someone on here provided a link to it, buggered if I can find it again...

Originally Posted by fiestaz

To clarify consumer law states 7 years (my mistake) but Holden (GM) has committed to an industry standard 10 years.

Either way you would be pretty well covered.

It's not a law, but they do what they can to support parts for a certain number of years. Problem is they usually just do the bare minimum to get them by for a few years, or a quality issue sees certain parts go obsolete quickly, and then the buyer is forced to go hunting wreckers yards.

We all know how certain Falcon parts became obsolete within 3 or 4 years. It happens. Predicting years ahead how many parts will be needed is crystal ball stuff and never accurate. It's educated guesswork. So don't expect GM, who really just want to get out of australia as cheap as possible, to look after buyers years into the future. They don't teach business ethics at GM HQ.

If you are prepared for that risk, and the fact resale values will be basically a fraction of what you payed within a couple of years, then go for it if you can get a good enough price.

I personally wouldn't touch anything in their range with a bargepole though. Nothing they sell is appealing at all.

[Itsme]

If the price is right and I like the car why not!

You will be still protected by warranty and consumer laws, fiestaz post says it all.

[Magna]

Originally Posted by Dr Terry

Exactly, it is an un-written industry rule.

Look at a few of the recent discontinued car brands, Daewoo & Daihatsu.

Daewoo was gone over 15 years ago & Daihatsu more recently, but you can still purchase some genuine parts for both of these brands.

GMH wqill have a presence at Dandenong for at least 8 to 10 years to cater for warranty, parts & any recalls that my arise (Takata for examle).

Dr Terry

Daewoo and Daihatsu have a domestic market in right hand drive cars hence the larger stockpile of parts suitable for Australian cars.

A better comparison would be SAAB

https://www.caradvice.com.au/152598/...-gm-ownership/

https://www.caradvice.com.au/152084/...ars-australia/

[Seasoned One]

I wouldn't on principle. It was a slap in the face to Australia for driving on the right side of the car, left side of the road, whatever, took our money and run. let them wear the cost of their disaster idea of what Australians want to drive.
we have all been herded into what they wanted to sell, either by price or discounts etc.I just dread replacing my G6ET. I 'm obviously a minority wanting a 4 door car suitable for 5 adults if needed with ample performance under 100k

[Sprintey]

While we're on principle, we should remember the GM bondholders in 2009... (US I know)

[Franco Cozzo]

Was quoted $29,990 DA for brand new 4x4 RG Colorado, single cab with tray and $31,500 DA for one with heavy duty steel tray.

6sp auto, 2.8L diesel.

They're getting smashed, everything is moving real quick.

[roKWiz]

New owner of this motel bought a new Colorado last week, don't know if he got a good deal. I'm not game to ask in case he sticks the rates up.

[MercuryT]

If they still sold V8s I would.

Only for the right price though.

[Dave R]

Originally Posted by cheap

Anyone who does buy a runout holden should take out a comprehensive new for old insurance policy - that would be interesting.

Surely it wouldn't be totally uncommon that equivalent cars aren't available for the insurer to exercise the new for old option. For example the limited run Grid Edition Golf Rs, NRMA supposedly won't replace them with the fully fledged model (which is all that's available now) as they're quite a clip dearer and thus not an equivalent model by their reckoning. So you just get a bag of cash.

Whether insurers might exclude all future new Holden policies from the new for old cover to prevent confusion, who knows.