Saab Cars North America and 25 dealers have made up a plan to develop a parts distribution company and how to sell the 2,200 new cars from the Saab’s dealer inventory.
Saab asked for GM’s help to cover the warranty repairs for 2010 and 2011 models, but the company said it would deal only with the warranties up to 2009, the year of its bankruptcy and disposal of Saab.
“There’s a groundswell of frustration over GM’s conduct prior to its 2010 sale of Saab to the Dutch sports car company Spyker Cars NV.
The sentiment of dealers is that GM knew full well that Spyker wasn’t adequately capitalized and didn’t have the experience to carry the franchise forward,” declared Leonard Bellavia, attorney for the 165 Saab dealers
James Cain, a spokesman for GM, said: “Since the bankruptcy we’ve done a lot of work to be sure customers can get warranty repairs and that dealers can get paid to perform the work. But our obligation ends with the last Saab car built by General Motors and those were the 2009 models.”
Saab dealers still have 2,200 cars in their inventory plus 700 units at Saab North America.
The problem is that if these 700 are sold at fire-sale prices, it would affect the market for the rest of 2,200. Now the cars are being sold at 35% to 50% off.