The American Auto Industry is on its last legs. They just cannot manufacture quality cars. The trucks manufactured by GM and Ford are stellar, but Washington and Obama want to cap emissions even more strongly going forward, which could be the final nail in the US Auto Manufacturer’s coffin.
What is the most prominent reason people don’t want to buy American? The reasons are mixed, but this article provides a major insight into the reality that is the American Automobile. They don’t last, and consequently, their resale value is nil.
Examining this article from Edmunds, the only car in the top 10 for resale value that is from America is the Chevy Corvette. And within several years, some American cars have devalued as much as 70% in value. Why? Nobody wants them because the quality is horrible.
The top ten rated cars for residual value are all Japanese and German! More sad is the fact that the bottom 10 are all American. Every one.
Bottom line, if you want to lose your shirt on your car and end up with an inverted loan owing more than the car is worth just as you want to sell it, buy American. If you want strong trade in value and the ability to get a new car when you need one, buy Japanese or German. It is that simple.
We implore Obama, don’t bail American Auto Maker’s out any more! Instead hire the Japanese to show GM, Ford and Chrysler how to make a car. Or just fold the US auto industry leaving it to manufacture only trucks. It is their only real hope.