As expected, sales of Japanese cars in China took a nosedive to levels not seen since the days after Japanese cars and dealerships were torched last September. Sales of Nissan and Toyota are down a whopping 46 percent. No, it’s not a new flare-up of anti-Japanese riots. This time, it’s the effect of the Chinese Lunar calendar. (Read More…)
When you have 120 dealers looking at the same exact car on a Monday morning, you have three options if you plan on buying a car.
1) Bid
2) Watch
3) Leave
After I saw a 2003 Infiniti FX35 with 220,558 miles sell for $9100 plus the auction fee, I left for good.
It’s hard to swallow the fact that the above photograph of me perched on the hood of my father’s Integra GS-R, one of the all-time great Acura products, is now nearly 20 years old. I can’t even remember the last time I saw an Integra on the road. Most of those cars have been crashed, stolen, rusted out or some combination of all three. There is nothing remotely close to the three-door VTEC hatchback in Acura’s lineup right now – and if you ask some people, that’s exactly why Acura is in its current predicament.
A weakening yen and a rebounding economy have occurred just in time for Honda. The auto maker is opening its first new Japanese plant in 49 years, bucking a trend by Japanese auto makers of opening new plants in every locale but Japan.
Contrary to lore, American cars are a hot export product that is in high demand abroad – as long as there are foreign badges on the Made in America cars. For the first time, Toyota will ship U.S.-made Venza to Russia and China, says The Nikkei [sub]. (Read More…)
Feeling the need to build a segment vehicle that slots below the CR-V, both in terms of size and price, Honda showed its Urban SUV Concept at the Canadian International Auto Show. To drive home the point that they are marketing this at young’uns, Honda amped up the hyperbole while Skrillex blared out of the main speakers onstage.
One of the most enduring narratives in the past few years has been the idea that somehow, Honda has lost it’s way. The maker of affordable, high-quality and fun to drive cars had suddenly become a purveyor of bland appliances that were the furthest thing from what they built their name on.
The five-door hatchback, long a staple of world markets, is enjoying a resurgance in a big way. While hatchbacks were once regarded as symbols of poverty in the eyes of most Americans, the premium segment is the vanguard of the hatchback today, with everything from the Audi A7 to the Porsche Panamera sporting a “fifth door”.
The first leaked pictures of the BMW 3-Series GT drew more than a few comparisons to the very first Hyundai Elantra GT (shown above). Unlike the two-box GT on sale now, this one looked more like a pseudo-sedan and was part of a sporadic line of five-doors that tried their hand at the American marketplace and ultimately failed.
Honda made cautionary noises when announcing its quarterly numbers today, taking its annual profit forecast for the year down a notch to 370 billion yen ($4.1 billion). Three months ago, Honda already had cut its profit forecast for the fiscal year to March to 375 billion yen ($4.7 billion) from its earlier estimate of 470 billion yen ($5.9 billion). $1.8 billion evaporated on the forecast, mostly due to continuing sales troubles in China. (Read More…)
Guangzhou Autos is reporting that 2012 profits are down as much as 80 percent, thanks to the dispute with Japan over a few islands in some godforsaken corner of the world.
Congratulations to the Big H; Honda managed to capture the top spot in Canadian passenger car sales for the 15th year running, while also earning the dubious honor-or, honour, as it would be spelled in Canada – of offering the slowest-selling vehicle in Canada.
For some unknown reason, Honda decided to debut this new concept, dubbed the GEAR, at the Montreal Auto Show. Honda claims it’s a 21st century interpertation of a subcompact hatch that’s fun to drive, customization and stylish. What do you say, Murilee? Is this a faithful heir to your Civic hatchback?
The high cost of auto manufacturing in Canada isn’t solely an issue for domestic auto makers; Honda, which manufactures the best-selling car in Canada (the Civic) is grappling with this issue as well.
The Windsor Star spoke to Jerry Chenkin, Executive Vice-President of Honda Canada, who summed up the biggest issue with Honda’s Canadian production: (Read More…)
Lawdy! Lawdy! Guess who’s 40!
Well, it happened. After a weekend where my daughter scores the game winning basket and the trade-ins numbered 6432, I hit the golden age of middle age.
As for the 1983 Jeep Grand Wagoneer in the picture, would you believe 403,224 miles? That little factoid was just the very tip of a long data drilldown.
Not to mention a few unusual future contests between the automakers in what will now be called the Trade-In Quality Index… or TIQI for short!
The more they try to stop people from talking, the more people want to talk.
These are the leaked images of the new Honda ‘Urban SUV Concept’. Think of it as what a CR-V used to be, but for a new generation of buyers.
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