Should You Buy a Detroit Car?

Troubles in Motown are mounting, and that could mean a rough road for purchasers of a Detroit vehicle. My advice: Wait for the dust to settle.

When I was growing up, our neighborhood was split neatly into families who were GM loyalists, Ford loyalists and Chrysler loyalists. Look around your neighborhood today and you begin to see why Washington sent the Big Three carmakers' CEOs back to Michigan -- in their corporate jets -- without $25 billion of Federal aid.

Loyalty to the American carmakers is low and getting lower. When it comes to cars, Americans have a long memory. We remember the Cadillac Cimarron (a Chevy Cavalier masquerading as a luxury car), the Ford Taurus (which languished as a rental-lot staple while Detroit focused on trucks) and the Hummer H2 (a symbol of Detroit’s myopia).

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Mark Solheim
Editor, Kiplinger's Personal Finance

Mark became editor of Kiplinger's Personal Finance magazine in July 2017. Prior to becoming editor, he was the Money and Living sections editor and, before that, the automotive writer. He has also been editor of as well as the magazine's managing editor, assistant managing editor and chief copy editor. Mark has also served as president of the Washington Automotive Press Association. In 1990 he was nominated for a National Magazine Award. Mark earned a B.A. from University of Virginia and an M.A. in Writing from Johns Hopkins University. Mark lives in Washington, D.C., with his wife, and they spend as much time as possible in their Glen Arbor, Mich., vacation home.