Leftover New Saab Cars Move From Shipping Docks to Auction Block

Ally Financial has begun to scoop up the remnants of Saab's past. The company has seized several brand new Saabs that have been sitting in ports across the U.S., reports enthusiast website SaabWorld, and will be soon put them up for auction.

Ally Financial began seizing Saabs stored in Port Hueneme, California earlier this year after it claimed SCNA missed payments on outstanding loans. Now it's set its sights on Port Newark, where it's taking 300 Saabs and placing the first 45 on the auction block on June 27. However, U.S. Saab dealers will be the only eligible bidders, meaning a Saab dealer near you could have some of the very last Saabs from the GM and Spyker era up for sale. Saab cars have reportedly plummeted in price since the bankruptcy, with cars up to 50 percent off MSRP up for grabs.

That's not all. Rental car companies and exporters will also be able to place bids on an additional 600 new Saabs up for auction, while SCNA company cars will be available for sale to Saab dealers located in the U.S., Canada, and Europe. Included in this batch are a few Saab cars from the Heritage Collection that previously weren't for sale.

Balance sheets from court documents show Saab's vehicle inventory rings in at almost $33 million, while the company cars are valued at just over $3 million.

Source: SaabWorld

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