Yep ... There is a glut of 2004 models ... GM is even offering a 3500.00 rebate(discount) on the GTO ... Last I heard they expected to sell 18,000 and have only sold around 5,000.
The problem with all these incentives is that it makes the used GM models worth next to nothing. Good for buying new though
I test drove one and it is fast and very solid.
I just wish they wold have done a better job with the exterior. There are some aftermarket add ons that are coming available. Go For It!
The 05 GTO is getting a 50 (I think) HP boost and some nicer styling on the outside. Enthusiasts are waiting for that model and passing on the 04 model. I don't mind teh current GTO, it just isn't pratical for me.
I'm holding out until spring or summer to get myself a Magnum R/T with the Hemi under some sort of rebate/low financing deal.