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Suzuki Death Watch 12: Over 98 Percent Of Suzuki Dealers Take The Money And Run
by
Derek Kreindler
(IC: employee)
Published: December 5th, 2012
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Only 6 dealers haven’t taken a buyout offer from Suzuki – of the 219 Suzuki dealers in America, 213 took the offer from American Suzuki, including the top 50 dealers by volume.
Automotive News reports that dealers can expect 50 person of the money within 10 days of agreeing to the settlement, and the rest will come following the bankruptcy proceedings. Dealers will now be service and parts outlets. In some cases, dealers are attempting to clear out their inventory of over 5,000 cars by offering 72 month interest free loans among other incentives. Suzuki sales were up 22 percent year-over-year by AN‘s count, no doubt spurred on by the incentives.
Derek Kreindler
More by Derek Kreindler
Published December 5th, 2012 9:00 AM
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Ok, so when should I go to my semi-local Suzuki dealer and try to pick up a Kizashi GTS/SLS at firesale prices?
50 person = 50 percent? Land Ark -- make them an offer. Surely once people realize that Suzuki is gone from this country, most won't be willing to take one even at a fire-sale price.
Interesting, but that makes sense. Especially if they were a multi-brand dealership. Most of the suzuki dealers around here also sold kia/hyundai. So taking the cash and bringing down the sign isn't a huge issue. I wonder what the three holdouts are waiting for? I'm wondering if some will become motorcycle/ATV dealers for suzuki?
A sad day when a company that uses Eskimos listening to fiffy cent Rollin 'cross the tundra in ads ceases operations. The only ones I liked better than that were the Soul Hamsters...