American Suzuki Motor Corporation Announces December 2012 Automobile Sales Of 1,946 Units
Year-over-year decline of 620 units driven by decrease in total inventory as company's remaining U.S. automobiles are allocated to auto dealers
BREA, Calif., Jan. 3, 2013 /PRNewswire/ -- American Suzuki Motor Corporation (ASMC) reported today December 2012 automobile sales of 1,946 units, a 620 unit decline compared to the same period last year. The results were attributed to a decrease in available inventory as the company allocates its remaining automobiles in the U.S. to retail auto dealerships.
"Now is a great time to purchase a Suzuki: 98% of Suzuki auto dealers have confirmed they will remain parts and continued service locations, and many are offering attractive financing options and incentives," said M. Freddie Reiss, Chief Restructuring Officer for American Suzuki Motor Corporation.
A final shipment of 2,500 vehicles is being shipped from Japan this month and will be distributed to auto dealers around the country.
Full-year 2012 auto sales declined 5% compared with 2011, with total vehicle sales of 25,358 units.
ASMC announced plans on November 5, 2012 to realign its business to focus on the long-term growth of its Motorcycles/ATV and Marine divisions and to wind down and discontinue new automobile sales in the continental U.S. ASMC will, however, continue to honor all automobile warranties according to their terms, including the warranties of newly purchased vehicles.
In fact, 215 of ASMC's 219 U.S. automotive dealers have agreed to the terms of the company's Dealer Settlement Agreement to help provide automobile parts and service without interruption after the company's restructuring. This number includes all of the top 50 U.S. dealers and represents more than 98% of the total volume of ASMC's continental U.S. automobile market.
Additional information regarding ASMC's business realignment under Chapter 11 can be found at the Company's website, www.suzuki.com or via an information hotline at 1-877-465-4819.
About American Suzuki Motor Corporation
American Suzuki Motor Corporation (ASMC) was founded in 1963 by parent company Suzuki Motor Corporation (SMC). On November 5, 2012, ASMC announced plans to realign its business to focus on the long-term growth of its Motorcycles/ATV and Marine divisions and to wind down and discontinue new automobile sales in the continental U.S. With global headquarters in Hamamatsu, Japan, SMC is a diversified worldwide automobile, motorcycle and outboard motor manufacturer. Founded in 1909 and incorporated in 1920, SMC has operations in 201 countries and regions. For more information, visit www.media.suzukiauto.com.
SOURCE American Suzuki Motor Corporation
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