Suzuki sales in North America drop 42 percent in Q1

Publish Date: 
May 10, 2013

HAMMATSU, Japan - Suzuki dealers in the U.S. and Canada sold roughly 12,000 units in the first quarter of 2013, down about 42 percent compared to the 17,000 they sold in the first quarter of 2012. Unit sales include motorcycles, scooters and ATVs.

Suzuki Motor Corp. reported the figures in a presentation accompanying its financial results for its fiscal year 2012, which ended March 31.

During the fiscal year, dealers in the U.S. and Canada sold 44,000 Suzuki units, down about 11 percent compared with the previous fiscal year. During the same period, Suzuki manufactured in North America about 6,000 units, down from about 7,000 the year before.

Wholesale unit sales to dealers in North America during the fiscal year ended March 31 fell from about 54,000 units to 51,000 units. This shipping amount translated into sales revenue of 37.8 billion yen, nearly the same amount recorded for the year-ago period.

Suzuki forecasts that dealers in the U.S. and Canada will retail about 60,000 units during its fiscal 2013 year. This would be an increase of 36 percent.

Suzuki Motor of America Inc., the new subsidiary formed after the previous U.S importer’s recent bankruptcy, has reported that unit shipments to U.S. dealers in April increased 68 percent compared to the same month last year.

Suzuki Motor Corp.’s net worldwide sales in its fourth quarter ended March 31 increased 3 percent year-over-year to 1.4 trillion yen. Net income rose 130 percent during the same period to 36.4 billion yen.

Suzuki Motor Corp.’s net worldwide sales for the 2012 fiscal year rose 4 percent year-over-year to 2.6 trillion yen. Net income increased 49 percent to 80.4 billion yen. Motorcycle-related sales during the fiscal year, however, fell 10 percent to 230 billion yen, mainly due to sales decreases in Europe and Asia.

Posted by Arlo Redwine