Last New Saabs in US Head to Auction

Luke Vandezande
by Luke Vandezande

A stockpile of about 900 Saabs is finally set to be sold off after having sat in three U.S. ports since December 2011 as collateral in the company’s financial snafu.

Half a year later the small army of Swedish cars is finally going up for auction, though not to the general public. The vehicles accumulated after Ally financial claimed Saab missed payments. Starting with the first 300 cars, the holding company will offer lots to Saab dealers in 45 unit increments. While the auctions are restricted to keep most people from bidding, those cars will probably end up in dealer lots soon.

The remaining 600 until will also be auctioned in six lots of 100 each to rental agencies and exporters and will likely never see U.S. sale with the exception of those sold off by the rental companies.

Buying a new Saab probably seems like a risk given the company’s collapse, but we recently reported that the brand’s parts arm will continue to function, meaning owners will be able to maintain their cars even though new vehicle production has ceased.

[Source: SaabWorld]

Luke Vandezande
Luke Vandezande

Luke is an energetic automotive journalist who spends his time covering industry news and crawling the internet for the latest breaking story. When he isn't in the office, Luke can be found obsessively browsing used car listings, drinking scotch at his favorite bar and dreaming of what to drive next, though the list grows a lot faster than his bank account. He's always on <A title="@lukevandezande on Twitter" href="">Twitter</A> looking for a good car conversation. Find Luke on <A title="@lukevandezande on Twitter" href="">Twitter</A> and <A title="Luke on Google+" href="">Google+</A>.

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  • Franksdodge Franksdodge on Oct 03, 2012

    Do you home work Saab parts bought by Swedish goverment parts will be on tap for years .Pa Saab dealer