Suzuki dealer converted into Toyota Truck Center
Following American Suzuki Motor Corp.’s reorganization bankruptcy filing and decision to discontinue new vehicle sales in the continental United States, Mark Jacobson Suzuki has been converted into a Toyota Truck Center.
In addition, Darris McCarty, sales manager for what’s now the Toyota Truck Center, said Suzuki owners can still have their vehicles serviced at the former Suzuki new-car dealership on Durham-Chapel Boulevard, which is located next to Mark Jacobson Toyota.
The shift follows California-based American Suzuki Motor Corp.’s Nov. 5 announcement that it would be discontinuing new vehicle sales in the continental United States. It is continuing sales of new motorcycle/ATV and marine products, however.
The company, which is the U.S. subsidiary of Japan-based Suzuki, filed for Chapter 11 reorganization bankruptcy in the U.S. Bankruptcy Court in California.
The company said its automotive division faced challenges including low sales volumes, a limited number of models in its lineup, unfavorable foreign exchange rates, high costs associated with growing and maintaining an automotive distribution system in the continental U.S., and high costs associated with state and federal regulatory requirements in the U.S. market.
The company said in a news release that it will be honoring automobile warranties, and that it will be providing parts and services through its parts and service dealer network.
On Dec. 3, the company announced that 213 of 219 automotive dealers had agreed to settlement agreement terms as part of its restructuring.
The agreements were meant to compensate dealers, and allow them to transition to parts and service operations, according to a release.
McCarty said the location at 4512 Durham-Chapel Hill Blvd. will offer service and parts for existing Suzuki owners. He said the last new Suzuki sold Saturday.
He said they’re also selling new Toyota trucks at the location, as well as a variety of different brands of used trucks.
“Toyota trucks are doing fine; we just feel we can sell more trucks by specializing on trucks on this site,” he said. “We feel like it’s a big market for trucks,” he added.
A call made to Jacobson on Wednesday was not returned in time for inclusion in this article.