if gm files for bankruptcy will the value of my classic muscle car rise?

  • Thread starter Thread starter amoebaslurpee
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amoebaslurpee

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I own a classic 1971 SS 454 and I was wondering with the fall of GM.... could this perhaps effect the value of my car?
 
no it will not due to the fact that they really havent produced a real muscle car in about 30 some years...if gm fails it just means they are just gone....the muscle cars are still there but just because gm wont exist doesnt mean that everything will shoot up because the car will go up in value but not because it doesnt exist just because everyday that passes it gains more and more value..
 
gm wont fail there too big and doing better then chrysler, but chrysler on the otherhang will fail and if if gm did fail and chrysler and ford stayed standing they would buy up the names gm has so instead of your car being made by gm it will just be ford or chrysler...
 
First off all even if GM files for bankruptcy,(which they won't) that doesn't mean they will disappear. Hundreds of companies continue to operate under bankruptcy and most of them emerge from bankruptcy a better stronger company. Bankruptcy does not automatically mean you shut the doors and close down. In fact it rarely means that. What it means is you are given time to re-organize, re-group and re-build and then re-invent yourself.

That is like saying when a person files for personal bankruptcy that they are never allowed to work or own anything ever again.

Now, back to your question. No, bankruptcy does not mean your car will gain value. Your cars rarity and condition is what dictates it's value.
 
If GM were to fall, it will mean the loss of jobs to millions of people, causing a deep recession, maybe a depression, and the value of your car would be meaningless.
 
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