Even though 85 percent of Hondas sold in North American are built on the continent, the strong yen is hurting the company’s Japanese exports to the point where Honda is losing money on them.
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Category: Sales
Dodge dealers looking to get their hands on the 2013 Dart are in for a bit of a surprise – their allocation of the new compact sedan will be based on how many units of the wretched Caliber they sold before the car was killed off.
Unlike Mexico, that other Latin American economic juggernaut, Brazil (sorry Argentina), has not really had a lot of success exporting cars to North America. Now, that is all about to change. Picture a Dodge cross and new back-lights and there you have it. Coming soon to a dealer near you. Yes, this Fiat will be outfitted as a Dodge and sold in all fine Chrysler-Dodge stores all over America and Canada.
When I was a young pup shucking out new Willow Green 1995 Explorer XLTs at MSRP or close to it, the Explorer Sport was the unwanted, low-markup, undesirable-demographic, showroom-poison, short-wheelbase, ugly-duckling, obvious-descendant-of-the-Bronco-II, credit-criminal-friendly… oh, you get the idea, right? Nobody wanted them and we didn’t bother to stock them in any quantity.
Those days are long gone, and so is the two-door SUV; the last short-wheelbase Explorer to darken a dealer’s floorplan left the factory over a decade ago. Now, Explorer “Sport” means six-cylinder Ecoboost.
TTAC’s patent-pending China sales oracle is back to old form again. A few days ago, GM China reported a May sales increase of 21.3 percent. Today, China’s Association of Automobile Manufacturers (CAAM) announced its official numbers, and sales are reported to be up 22.6 percent in May. Read More >
China’s car dealers’ “backs are broken,” Luo Lei, deputy secretary general of the China Automobile Dealers Association told Bloomberg. “Dealers can’t shoulder the burden anymore.” They are overstuffed with cars. Average inventory at Chinese dealerships stands at more than two months of sales at the end of May up from a 45 day inventory by the end of April. It could be worse: In America, inventories are way ahead of China.
Lotus CEO Dany Bahar’s 14 day suspension is set to expire on Monday. We have no idea what will happen next. He may get the boot, taking his ambitious five-year product plan with him. Or he may not. Putting the pieces together since Lotus was taken over by DRB-Hicom has painted an interesting picture, while still leaving the future of Lotus up in the air.
Hybrids and minivehicles continue to top Japan’s list of best-selling cars in May. With 20,789 units sold, Toyota’s Prius is leading the list now for the 12th month in a row. Hot on its heels is Toyota’s Aqua, better known in the U.S. as Prius C. Only supply constraints at Toyota can keep the compact and affordable hybrid from taking the top spot. Read More >
Finally, the real story on the Hyundai Veloster Turbo pricing is here. $22,725 (including the $775 destination fee). A 6-speed automatic is another $1,000.
Pursuant to our recent discussions of Honda’s spiral into the mundane – and the market’s warm reception despite this move, here’s another example of one of the big H’s vehicles picking up steam as it becomes more mainstream.
Already pronounced shot by a bursting bubble, the Chinese new car market most likely will be up when the May numbers will be announced later in the month. How do we know? By looking at GM’s China May sales results that were announced today. When we do that, we will do something that TTAC allegedly is incapable of: We will salute and applaud GM. Three times. Read More >
The Japanese car market that has been on a multi-month winning streak could be slowing down quite soon. The reason: The record run on new cars also ran down the government’s subsidy budget in record time. The Japanese government currently is paying a bounty to everybody who buys an environmentally friendly (read: most of them) new car. Thought to last through September, the subsidy-kitty now is expected to be empty by the end of July, The Nikkei [sub] reports. Read More >
Up until last month. the German car market was oblivious to the European carnage that had started in Mediterranean countries. and then slowly crawled north. In May. the car consumption disease arrived inside of Germany’s borders. Read More >
An editorial in Car and Driver given the subtitle “Deep Thoughts” tackles a favorite subject of the peanut gallery; the Decline and Fall of Honda’s Empire. Unfortunately, rather than being a critical analysis of the real problems that Honda is prone to (which author Dave Mable mentions, albeit in passing), it’s simply yet another softball lobbed at the sophists who have opinions on everything and know very little. Like C/D commenter “GolfTDI”, profiled in the above photo.
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