Suzuki ending auto sales in Canada, too

Jonathon Ramsey — Wed, 27 Mar 2013 09:52:00 EST

Filed under: Car Buying, Suzuki, Earnings/Financials, Canada

Suzuki of Japan has reportedly made the decision that almost everyone assumed it would make when it announced it was leaving the US market: when the 2014 model year concludes, it will no longer sell cars in Canada. With six employees overseeing its auto business in Canada and a dealer network that has shrunk to 55 outlets in the country, we can't say we're shocked.

At the time of the US announcement, however, the senior VP of sales and marketing in the automotive division of Suzuki Canada said it would be able to survive on its own because, among other reasons, Canadians prefer smaller, more fuel-efficient cars that fit the company's offerings. Five months later, after some time to think about a 30-percent drop in sales to open up 2013 instead of the 1.4-percent increase in sales that Suzuki Canada posted last year, things have evidently changed.

The Globe and Mail reports that as is in the US, Suzuki's motorcycle, ATV and marine divisions in Canada will remain.

Suzuki ending auto sales in Canada, too originally appeared on Autoblog on Wed, 27 Mar 2013 09:52:00 EST. Please see our terms for use of feeds.

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American Suzuki Motors files chapter 11, will no longer sell cars in the United States

Jeremy Korzeniewski — Mon, 05 Nov 2012 19:39:00 EST

Filed under: Government/Legal, Suzuki, Earnings/Financials

As much as we knew it was a possibility, we have to say that Suzuki's announcement this afternoon that it is filing chapter 11 bankruptcy proceedings caught us a bit off guard. American Suzuki Motor Corporation - the sole distributor of Suzuki automobiles in the United States - will realign its business to focus on motorcycles, ATVs and the marine market.

What does this mean in simple terms? In short, new Suzuki cars and trucks will no longer be sold by Suzuki in the United States once current supplies run out. Period.

Suzuki cites "low sales volumes, a limited number of models in its lineup, unfavorable foreign exchange rates, the high costs associated with growing and maintaining an automotive distribution system in the continental US and the disproportionally high and increasing costs associated with stringent state and federal regulatory requirements unique to the US market."

Motorcycles, ATVs and watercraft will not be affected. Current owners of Suzuki cars, trucks and sport utility vehicles will have their warranties honored, and parts will reportedly be made available. Suzuki will continue to sell automobiles in other countries, naturally, including its home market of Japan.

Read the complete announcement from Suzuki below, and check out this official website set up by Suzuki for current owners.

Continue reading American Suzuki Motors files chapter 11, will no longer sell cars in the United States

American Suzuki Motors files chapter 11, will no longer sell cars in the United States originally appeared on Autoblog on Mon, 05 Nov 2012 19:39:00 EST. Please see our terms for use of feeds.

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