General Motors today announced they will eliminate the Pontiac brand by the end of 2010. There are roughly 65 exclusive Pontiac dealerships in the US which will have to shut down.

If you’ve been considering buying a Pontiac, you may want to think twice. The resale value will probably take a hit. On the other hand, rebates are sure to increase and used Pontiacs may become cheaper.

Filed under GM, Pontiac.