Could this price for an '09 Chevy Cobalt be correct? And if so how?

no you will not be able to buy it for that price it is called bait and switch, they will talk you into buy another for higher price. it will already be sold.
 
Yup, that looks about right. A Ford Focus, similar size and style, also goes about that much.
 
Yes, that would be about right. The reason why is because online car salesman want you to have more of a deal online so that you'll go them rather than a car sale. They want to give u a great deal on something great. An example would be the oldsmobile that was being sold for under $900
 
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