Detroit Bureau on Twitter

Posts Tagged ‘passenger car sales’

Honda Pulls Wraps Off All-New 2018 Accord

Update: could an Accord Type-R be in the works?

by on Jul.14, 2017

Honda goes to the heart of its domestic opposition, revealing the 2018 Accord in Detroit.

Honda has finally pulled the covers off its tenth-generation Accord, revealing a sedan  that’s both more stylish and lavishly equipped and which takes a “new direction” in its powertrain line-up with the debut of not just one but two new turbocharged engine options.

The launch of the 2018 Honda Accord comes at a critical time for both the Japanese automaker and the auto industry as a whole. Long one of the U.S. market’s best-selling models, the new Honda sedan will launch into a market where buyers by the million are migrating from passenger cars to SUVs, crossovers and other light trucks. Complicating matters, Accord will go up against a dramatic new version of arch-rival Toyota’s midsize Camry sedan.

Breaking News!

“We are redefining the Honda Accord for a new generation of buyers by bringing something unexpected that challenges the idea of what a mainstream sedan can be,” said Jeff Conrad, senior vice president of the Automobile Division at American Honda.

(more…)

Automakers Regain Momentum in April – Market Looking at Best in Decade

Power forecast sees industry making up ground after cold winter.

by on Apr.24, 2015

Trucks, like this Ford F-150 shown with CEO Mark Fields, continue to gain momentum in the US market.

Consumer demand for new vehicles during April is the best it’s been in 10 years, according to a new analysis by J.D. Power and LMC Automotive.

With the warmer, spring weather finally settling in across the U.S., total light-vehicle sales are projected to reach 1,463,700, a 5% increase compared with April 2014 and the highest level for the month since April 2005.  The total seasonally adjusted annual rate of sales, or SAAR, is expected to hit 16.6 million units.

The Last Word!

“The industry continues to outperform prior-year levels with respect to retail sales and transaction prices,” said John Humphrey, senior vice president of the global automotive practice at J.D. Power. “The average new-vehicle transaction price so far in April is $30,680, on pace to achieve a new record for the month.” The current record was set in April 2014 when transaction prices averaged $29,948,” he said.

(more…)