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#1 of 20 My Car Is No Longer Being Made!
Sep 02, 2006 (1:25 am)
What does that mean. I must be nuts. I like my car. 2006 Suzuki Aerio. Now I hear that they will no longer be made. What does that do to the value of my car? Should I worry about keeping it or should I get rid of it. I don't want to take a financial hit, but will it be less now to dump it?
#2 of 20 Re: My Car Is No Longer Being Made! [kenboiler]
Sep 02, 2006 (2:07 am)
How long were you originally planning on keeping it?
#3 of 20 No more diesel engine.
Sep 02, 2006 (6:58 am)
I bought a 2005 Liberty CRD (diesel). They made 11,000 CRD's total for the years of 2005 and 2006. 8,333 were made in 2005 and 2667 for 2006. This makes us owners a :test market" for DCX. I like the CRD very much, it has 295 tk and 160 hp and 2.8 L 4 cyc, gets 22 in city and 26 on the road by my actual calculations.
Either these CRD's will hold a good resale value or sink like a rock. I think DCX should give us a coupon of say $2,000. to be used in 2 years for putting us in this position.
#4 of 20 Re: My Car Is No Longer Being Made! [kenboiler]
Sep 02, 2006 (8:46 am)
well it shoudlnt hurt to much. I feel bad for those that bought a top of the line Monterey for 35grand, those are gonna sink like a brick when they want to sell. But your car is being replaced with another compact, so it shouldnt hurt to much.
#5 of 20 I wouldn't worry too much...
Sep 02, 2006 (9:53 am)
I don't think Suzukis hold their value all that well anyway, so buying a model that got discontinued is no big deal. It's not like the whole model line is folding, like what happened with Olds or Plymouth, or back in the day DeSoto and Edsel. And even in these cases, since the same basic cars were being made in other divisions, parts were no problem to find.
Now if you had something like a Daewoo or, back in the day, a Packard, Hudson, Studebaker or Nash, or a Kaiser/Frazer, you'd be pretty screwed.
Your car took the biggest hit the moment you drove it off the lot, so I'd say just drive it until you're ready to replace it, and don't worry about the fact that it's no longer being made. All models get replaced eventually. Usually after about 5 years. It's just the normal cycle of things.
Sep 03, 2006 (9:57 am)
Generally if the BRAND still exists, it doesn't hurt very much if the MODEL goes away. But when the whole company packs up or is staggering on its knees (Oldsmobile, Daewoo, etc) then you had better just drive it into the ground and squeeze every drop out of it.
Remember, your "orphan" will still do what it was built to do, which is get you around, so you haven't lost anything "real", just depreciation in people's minds.
#7 of 20 Just out of curiosity...
Sep 03, 2006 (5:10 pm)
when Olds and Plymouth went under, did it really hurt their resale that much compared to say, a Dodge, Pontiac, or Buick? Seems to me that resale on the domestics is bad enough anyway that the orphan divisions probably wasn't THAT much worse. Besides, we all knew that Plymouth was at death's door since around 1990...it was just afraid to knock! And Oldsmobile died a slow, lingering death as well, so when the plug was finally pulled on these models, it didn't come as a shock to anybody.
In contrast, back in the 50's the automakers moved much quicker. For instance, the Edsel, introduced about a month earlier than normal in '57 as a '58 model, saw its final car roll off the assembly line in late 1959. So over the course of maybe 2 years and 3 months, the brand's whole life played out.
DeSoto had one of its best years ever in 1957. Yet the final 1961 DeSoto rolled off the assembly line on November 18, 1960, when all the brand-specific trim and interior parts were finally used up.
Hudson, Nash, Studebaker, and Packard also died relatively quick deaths. Even though the problems in the respective companies were deep rooted, and didn't just pop up overnight, it wasn't obvious to the public until almost the bitter end. For example, when the Hudsons started using Nash bodyshells, or the Packards used Studebaker bodies, the writing was on the wall. But soon after that, those names were plugged.
Back in those days, a strong loser image got associated with nameplates that fell to the wayside. Today though, I think most domestics have a bit of a loser image, at least when it comes to resale, so an orphan Plymouth or Olds might not be such a bad deal.
#8 of 20 Re: My Car Is No Longer Being Made! [kenboiler]
Sep 03, 2006 (5:26 pm)
I think you should drive it into the ground because resale wasn't that great anyways (you're driving a Suzuki, not a Honda, Toyota or BMW) and since it has been discontinued it might drop even further.
I think that the best deals are buying discontinued models that haven't been titled yet because you can pick them up for around the price a Certified one would cost, or sometimes less.
#9 of 20 Re: I wouldn't worry too much... [andre1969]
Sep 04, 2006 (4:49 am)
Agree with Andre. You can still get parts and service so your depreciation should be inline with other Suzuki's.
When you can't get parts is when you're in trouble. As a joke I might go to Napa and ask what they have in stock for a Yugo.
Sep 05, 2006 (7:10 am)
As far as value goes, don't worry about it, drive it into the ground. Suzuki dealerships should still be able to get parts and keep your orphan running for a long time. Check out the SX-4 if you like the Aerio. It looks to be a viable successor.