Suzuki Dealers Desperate to Sell Cars Right Now
Last year, they sold barely 25,000. The majority of their dealers are now selling on average less than 6 vehicles per month. With sales down 2% last month, things do not look good for the carmaker.
If Suzuki doesn't turn things around soon, their U.S. operations may go under (they'll still have their motorcycles and overseas operations, however).
But what's bad for the manufacturer can be good for potential buyers. The desperation of dealers gives you a bargaining advantage when it comes time to purchase. And if the company does go under, that will result in the remaining orphaned vehicles selling at very deep discounts.
Instead of preparing for the long-term, Suzuki seems to be looking to cut costs in the short-term, which isn't a good sign for them. For those who have an interest in buying a Suzuki, your best bet is to keep an eye on the situation and wait to see how this pans out.
The Suzuki Kizashi is the most attractive vehicle currently offered by the brand, but even so, it doesn't compete very well in the mid-size category. The SX4 and Grand Vitara are both outdated. However, if the price is deeply discounted, it may be worth waiting to see what happens with the company.
I wouldn't recommend buying a Suzuki right now because the residual values will plummet if the company does go under. It's best to wait and see what happens.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid