General Motors has discontinued the Holden cars in Australia, but the company still exists. GM has announced to Holden employees that the company would be phased out within two years. The brand will be entirely extinct by the end of 2021.
They are focusing on Speciality Vehicles from now on in Australia. But, the owners of Holden cars have many questions that need to be answered. If you are an owner of a Holden car, you need to know more about it in this article.
What happens to Holden parts and car services?
There will be no problem for Holden owners getting Holden parts and services. General Motors has announced that approximately 600 of the 800 Holden employees would be laid off as part of their business exit. The remaining 200 will form the core of Holden’s maintenance, warranty, and spare parts dedication, primarily in Port Melbourne.
The brand had some discussions with the dealerships, and the majority of them are likely to close, but some will be converted into independent service centres. The company presently provides seven years of complimentary scheduled maintenance as a marketing technique. It promises the service for customers for the long run. One example of the complimentary service is that you will not be required to pay to get the oil changed. You can always get the original parts from the authorised dealerships of the company.
What’s the future of Holden cars?
If you own a non-American-build imported Holden, its value would most likely skyrocket for a few weeks before settling into the usual pattern of depreciation for any European car. If you have an Australian-made Holden, especially a late-model Commodore with a V8 engine under the hood, you may be sitting on an investment with a higher growth rate than land. Having a Holden car is not at all a loss. It will bring more value to you as time passes.
Can One still buy a Holden?
Yes, one can purchase a Holden. In Australia, there are 185 Holden dealerships and 31 in New Zealand, and the doors will remain open for the near future. Many of the dealerships have yards full of stocks. In reality, now might be the real-time to snag a deal on a brand new Arcadia, Colorado, Astra, or Commodore.
Does the value increase over time?
Vintage cars have always been trendy among car enthusiasts. When considering a classic car as an investment, keep in mind that car values are unpredictable and highly susceptible to market trends. If you understand the market and the spike in vintage cars, you can benefit from it.
If you own a Holden car, you don’t need to worry. The Holden car may be new to you, but they will soon become a vintage piece as the production ceases. The value of a well-maintained vehicle never goes down, and vintage cars are always in good demand. Keep the car in good condition, and you can sell it whenever you want. When the scheduled services are required, make sure to use original Holden parts all the time.
The presence of General Motors in Australia and Newzealand remains unclear, and the firm has announced that it will continue the support to its vehicles and owners for at least the next ten years. You can definitely hope for reliable services from the authorised service centres of Holden.