GLG News by Salvage Auto Auction Market Experts

Be careful what you wish for. It seems like everyone has an opinion regarding the possible failure, bankruptcy, bailout of General Motors. Regardless what you call it, we should consider the cost of a GM failure.

With talk about one or more of the Detroit 3 facing bankruptcy, Congress getting ready to drop some the $700 billion earmarked for Wall Street in to the automakers piggy bank. Everyone with a vested interest has a solution, has anyone considered nationalizing the industry?

Automakers, auto dealers and suppliers are trying to adjust to an annual auto sales rate (SAAR) not seen in a quarter century: fewer than 11 million units.

While the Detroit Three automakers are pleading with the federal government for help in the midst of the worst automotive sales year in a quarter century, the public auto dealers are experiencing some significant problems also. Is the concept going to survive?

The wholesale and retail used car markets in October were horrible, adding to the woes of domestic auto makers.

With net losses of more than $27 billion in the first half of the year, the two publicly owned Detroit automakers didn't think that things could get much worse. Well, they did. 

At the tail end of a dismal auto sales year, the public auto dealer groups are reporting bad news for third-quarter results. The more troubling news comes comes for domestic car makers and dealers. 

Coming off a dismal sales month in September, U.S. automakers had hopes for a slight recovery in October. It didn't happen.

One thing GM dealers could always depend on was that GMAC, their primary source for retail lending and floorplan inventory financing, would always be there for them. Not anymore.

After just two years, Cerberus Capital Management seems to have enough of the car business. Will there really be any savings in a merger?