Wednesday, April 13, 2011
Tuesday, April 12, 2011
Honda Retains Best Value!
Honda took home the top prize in Edmunds.com’s inaugural Best Retained Value Awards, which recognize the brands and new car models that have the highest projected residual value after five years, expressed as a percentage of their True Market Value.
Honda won the 2011 brand award for non-luxury brands. Edmunds.com found that Honda’s average projected retained value is 50.4 percent. The award was based on the average five-year retained value of the carmaker’s 2011 models that launched prior to the end of 2010.
Edmunds.com also named winners in 23 model-level categories. Honda was well represented at the model level also taking home four more awards.
All model year 2011 vehicles that were launched by the end of 2010 and that had unit sales in February 2011 that were at least 20 percent of the average unit sales for the models in its segment were eligible for this year’s model-level Best Retained Value Awards. Edmunds determined each model's competitive segment based on its body type and the sales-weighted average MSRP of all available styles (excluding destination charges) of that model's body type. All makes that had over 100,000 unit sales in 2010 were eligible for this year’s brand-level Best Retained Value Awards.
Honda won the 2011 brand award for non-luxury brands. Edmunds.com found that Honda’s average projected retained value is 50.4 percent. The award was based on the average five-year retained value of the carmaker’s 2011 models that launched prior to the end of 2010.
Edmunds.com also named winners in 23 model-level categories. Honda was well represented at the model level also taking home four more awards.
All model year 2011 vehicles that were launched by the end of 2010 and that had unit sales in February 2011 that were at least 20 percent of the average unit sales for the models in its segment were eligible for this year’s model-level Best Retained Value Awards. Edmunds determined each model's competitive segment based on its body type and the sales-weighted average MSRP of all available styles (excluding destination charges) of that model's body type. All makes that had over 100,000 unit sales in 2010 were eligible for this year’s brand-level Best Retained Value Awards.
Monday, April 11, 2011
Wednesday, April 6, 2011
Mr Fisher Went Above and Beyond
The sales people at Davenport Honda were beyond anything I could have asked for. Very pleasant to talk to and very helpful. This is my 3rd Honda, I changed to another company for my last car and I am glad I returned to Honda! -Leigh Ann Hyslop
Completely Satisfied
My husband and I appreciated the way in which the business of our purchase was handled. Davenport Autopark worked hard to give us the best incentives that were available in order to bring the price of the auto within our budget. -Marquerite Mumford
American Honda March Sales Up 18.9 Percent
Fit, Insight and CR-V post record March sales
04/01/2011 - TORRANCE, Calif.
American Honda Motor Co., Inc., posted March sales of 133,650, an increase of 18.9 percent based on the daily selling rate*, the company announced today. March marks the sixth straight month of double-digit sales increases for American Honda. Year-to-date sales of 307,978 represent an increase of 18.5 percent based on the daily selling rate*.
Sales of fuel-efficient Honda vehicles led the division to March sales of 121,039, an increase of 20.7 percent compared to March 2010. March sales of Honda cars increased by 29.1 percent to 74,168, led by the Accord, up 11.2 percent to 33,616; the Civic, up 33.8 percent to 31,213; and the Fit, up 43.4 percent on record March sales of 6,955. Honda hybrids also posted strong sales, with the Insight up 62.2 percent on record March sales of 2,782. The CR-V, the best-selling SUV in America, posted record sales for the second straight month, up 42.7 percent to 21,998.
"While we are extremely pleased with this month's sales performance, our foremost thoughts are with the Japanese people during this difficult time," said John Mendel, executive vice president of sales for American Honda. "We know there will be challenges in the coming months as we continue to deal with supply chain issues resulting from the devastating earthquake in Japan, and we continue to appreciate everyone's patience and understanding."
Acura Division posted sales of 12,611 for March, an increase of 3.6 percent. The Acura MDX led the division with sales of 4,113, an increase of 20.7 percent, followed by the TL with sales of 3,995.
*The daily selling rate (DSR) is calculated with 27 days for March 2011 and 26 days for March 2010. Year-to-date, the DSR is calculated with 75 days for 2011 and 74 days for 2010. All percentages reflect DSR.
For more information about Honda vehicles, please visit www.honda.com. For media inquiries please visit www.hondanews.com. For more information about Acura vehicles, please visit www.acura.com. For media inquiries please visit www.acuranews.com.
Sales of fuel-efficient Honda vehicles led the division to March sales of 121,039, an increase of 20.7 percent compared to March 2010. March sales of Honda cars increased by 29.1 percent to 74,168, led by the Accord, up 11.2 percent to 33,616; the Civic, up 33.8 percent to 31,213; and the Fit, up 43.4 percent on record March sales of 6,955. Honda hybrids also posted strong sales, with the Insight up 62.2 percent on record March sales of 2,782. The CR-V, the best-selling SUV in America, posted record sales for the second straight month, up 42.7 percent to 21,998.
"While we are extremely pleased with this month's sales performance, our foremost thoughts are with the Japanese people during this difficult time," said John Mendel, executive vice president of sales for American Honda. "We know there will be challenges in the coming months as we continue to deal with supply chain issues resulting from the devastating earthquake in Japan, and we continue to appreciate everyone's patience and understanding."
Acura Division posted sales of 12,611 for March, an increase of 3.6 percent. The Acura MDX led the division with sales of 4,113, an increase of 20.7 percent, followed by the TL with sales of 3,995.
*The daily selling rate (DSR) is calculated with 27 days for March 2011 and 26 days for March 2010. Year-to-date, the DSR is calculated with 75 days for 2011 and 74 days for 2010. All percentages reflect DSR.
For more information about Honda vehicles, please visit www.honda.com. For media inquiries please visit www.hondanews.com. For more information about Acura vehicles, please visit www.acura.com. For media inquiries please visit www.acuranews.com.
Friday, April 1, 2011
Japanese Crisis, Gas Prices Drive up Compacts
NADAguides analysts expect both wholesale and retail used prices to increase more than expected due to a combination of soaring gas prices and the Japan earthquake tragedy.
Since the earthquake in Japan, NADAguides analysts report an 11 percent increase in prices for intermediate compact cars (Civic, Corolla, Focus, etc.), and an 8.5 percent increase in prices for intermediate mid-size cars (Altima, Accord, Malibu, etc.).
The overall market has improved by 5 percent, which is better than expected seasonal increases, according to NADAguides analysts.
NADAguides analysts see demand for compact and subcompact vehicles to continue being an issue due to low supply.
Long-term effects of the situation in Japan are unclear, but the current price increases should continue for at least the next three months, say NADAguides analysts. With projected shortages of parts, as well as a shortage of some vehicles, due to unavailable supply and production issues.
"With a tight supply of used vehicles and rising fuel prices, we really are in a seller's market,” said Troy Snyder, director of product development at NADAguides.
On the plus side, consumers have a better understanding of the 2011 gas price increases than consumers did back in 2008. Even though rising fuel prices do affect consumer behavior, NADAguides analysts don’t expect consumers will make such extreme vehicle purchases. They will consider all their long-term needs in addition to miles per gallon.
They also don’t seem to be making any rash decisions about the brands they drive, either.
Edmunds.com finds no change in consumers’ shopping behaviors, despite reports of production problems.
“Our shopping data are telling us that not even this devastating earthquake was able to shake consumer confidence in Japanese cars,” said Edmunds.com analyst Ivan Drury. “In fact, the natural disasters may actually strengthen the determination of consumers to remain loyal to their Japanese brands.”
Source: Used Car News 4/1/2011
Since the earthquake in Japan, NADAguides analysts report an 11 percent increase in prices for intermediate compact cars (Civic, Corolla, Focus, etc.), and an 8.5 percent increase in prices for intermediate mid-size cars (Altima, Accord, Malibu, etc.).
The overall market has improved by 5 percent, which is better than expected seasonal increases, according to NADAguides analysts.
NADAguides analysts see demand for compact and subcompact vehicles to continue being an issue due to low supply.
Long-term effects of the situation in Japan are unclear, but the current price increases should continue for at least the next three months, say NADAguides analysts. With projected shortages of parts, as well as a shortage of some vehicles, due to unavailable supply and production issues.
"With a tight supply of used vehicles and rising fuel prices, we really are in a seller's market,” said Troy Snyder, director of product development at NADAguides.
On the plus side, consumers have a better understanding of the 2011 gas price increases than consumers did back in 2008. Even though rising fuel prices do affect consumer behavior, NADAguides analysts don’t expect consumers will make such extreme vehicle purchases. They will consider all their long-term needs in addition to miles per gallon.
They also don’t seem to be making any rash decisions about the brands they drive, either.
Edmunds.com finds no change in consumers’ shopping behaviors, despite reports of production problems.
“Our shopping data are telling us that not even this devastating earthquake was able to shake consumer confidence in Japanese cars,” said Edmunds.com analyst Ivan Drury. “In fact, the natural disasters may actually strengthen the determination of consumers to remain loyal to their Japanese brands.”
Source: Used Car News 4/1/2011
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