I have one as an around-town car. My Northstar always makes my wary, but the car is only worth $10k tops, so if it breaks, I'll scrap it.
I think they don't retain value because A) they aren't that expensive to begin with, B) they're fucking GMs, and C) they're somewhat expensive to maintain if you don't do it yourself. My spark plugs alone are ridiculous, even when I buy 'em and put 'em in myself.
Same with BMWs. You can get a 2004 BMW 745li from $7,500 for a beater to $15,000 for a nice one. For a car that sells for $95k now, that's a lot of car for a very little bit of money .. but they're made like shit, expensive to maintain, terrible on gas and tend to have a LOT of problems. The price reflects that.
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