US Saab Dealerships Looking To Liquidate Inventory

Jason Siu
by Jason Siu
us saab dealerships looking to liquidate inventory

Lost in the news regarding Saab‘s bankruptcy is the impact on US dealerships as they were forced to sell all vehicles as is and with no warranty since December 19th, 2011.

Many dealerships are looking for ways to liquidate their inventory as all 188 US dealerships were also notified that all factory incentive programs and payments to dealers have been suspended. But as expected, the biggest hurdle for these dealerships to jump over is the fact that there’s no warranties offered with the sale of Saab vehicles.

Some dealerships are taking matters in their own hands by offering their own warranty out of the store’s pocket. The 36,000-mile/three-year General Motors Protection Plan warranty has an estimated cost of $2,000 to $2,500 per vehicle sold. Other dealerships are turning towards aftermarket warranties, but it’s still not a manufacturer’s warranty.

As of last week, there were about 2,400 Saab vehicles left in US inventory with the majority of dealerships focusing on liquidating their inventory as quickly as possible. Saab of Troy in Detroit has been the nation’s largest Saab dealership and had roughly $4-million in inventory last week.

[Source: Automotive News]

Join the conversation
2 of 3 comments