May 01, 2009 -- Can you steal a deal buying a Chrysler now?
With the news of Chrysler's bankruptcy, Clark is already getting people wondering if now is the time to steal a deal on one of their cars.
The short answer is no.
First, Consumer Reports says that Chrysler's passenger cars are not reliable. The consumer champ concurs with those findings based on his own experience as a frequent car renter.
Second, even if you think Clark is being unnecessarily hard on the failed automaker and still want a Chrysler, it's not time to buy quite yet.
There will be opportunity to buy at good prices once Chrysler renounces ties with many of its dealerships as part of a restructuring effort. That's when you can swoop in and pick up the wounded ducks. Clark expects that to be later this year, probably in the summer.
And if you still think he's being unfair to Chrysler, the penny-pincher encourages you to rent one and see if you don't agree with the assessment from Consumer Reports!
In related auto industry news, Ford outsold Toyota in April for the first time in a year. Sounds like Toyota believed all the hype about how great they were and started overproducing vehicles, building too many factories and crafting gas guzzlers at the worst possible time.
The car market can change on a dime!