Honda stood in a seemingly unassailable position in the American marketplace, with customers willing to pay whatever it took to get a Civic or Accord… until the 1990s dawned. The asset-price bubble burst in 1991, founder Soichiro Honda died the same year, the competition had caught up to the Civic and Accord, the Legend and Integra weren’t smash hits, nobody could figure out the point of the Vigor, and Honda USA was getting sweated over decades of kickbacks and general dealership hanky-panky. Oh, and American Peugeot dealers were having an easier time moving the 404 (even as Peugeot was packing up to leave the continent) than Honda was in selling the fourth-gen Accord wagon. You never saw many of them on the street and just about all of them are gone by now, but I’ve managed to find this 344,000-mile example in a Denver self-service yard. (Read More…)