It was the hit of 2008, its U.S. launch inadvertently timed to take advantage of the record run-up in fuel prices. But since then, things haven’t gone nearly so well for the little Smart USA brand, which reported a nearly 60% drop in sales, last year alone, even as most makers reported double-digit gains.
In a bid to stave off disaster, the U.S. distributor, which is operated by Detroit entrepreneur Roger Penske, plans to introduce an all-new model later this year that will be built for it by Nissan, rather than Daimler, the German parent of the Smart brand.
Might even more products be added to the U.S. line-up that aren’t available to Smart buyers in other parts of the world? That’s not out of the question, according to various company officials who are betting that Smart can rebound from its disastrous tumble.
“We’ve got a business to run,” and that means that Smart USA may have to make some critical moves that aren’t necessarily what the folks at Daimler AG headquarters, in Stuttgart would like,” acknowledges Jill Lajdziak, the U.S. distributor’s boss.