What will happen to car prices when/if an auto company goes bankrupt?
The auto industry, at least the American side of it, is struggling right now. And it looks like one or two of them may go under. I was wondering just how much of a cut we’d see in the prices if that company would fail. Example: if Ford goes bankrupt, how much do you think a new Mustang would cost?
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some one has to buy them out and they still will have to get inventory off the lot of dealerships, just meaning they wont be turning out much mustangs if they did go bankrupt, they still would have a few thats just how business works but you probaly wouldn’t see much of a decrease just because it’s the dealers selling the cars at the prices they want
nothing.
the same price. the car is already made and expenses relating to that are already incurred. a "fire sale" would only reduce profits.
but why would you want to buy a car from a company that is going under?