Street Racing Cars For Sale: Acura

Showing posts with label Acura. Show all posts

Friday, September 9, 2011

Monday, September 5, 2011

Acura Canada Celebrates 25 Years

Acura Canada is celebrating its 25th year in Canada with offers and deals on all Acura vehicles. The occasion will be commemorated on February 14, 2012. Over the celebration period which will be running from now until February 14, Acura buyers will have a special 25-month lease option at 0.25% with 25 months of complimentary maintenance. Special pricing and lease rates are now available on all 2012 Acura models.

Along with these offers, Acura has also spiced up the feature category on 2012 MDXs destined for Canada. The Blind Spot Information System will now be offered as equipment on the Technology Package and power folding side mirrors are standard equipment on the Elite model. These features are unique only to Canadian MDXs. TL models will be widely dispersed across Canada for the 25th-Anniversary event.

For more information, head on over to Acura Canada's website at http://acura.ca/25thcelebration

Thursday, September 1, 2011

American Acura/Honda Sales for August 2011

0 comments Posted by st at 4:55 PM

American Honda Motor Co., Inc., posted August sales of 82,321 vehicles, a decrease of 27.2 percent, based on the daily selling rate, the company announced today. American Honda year-to-date sales reached 770,265, down 6.0 percent versus last year. Although production limitations caused by the March 11 earthquake in Japan continue to improve, reduced vehicle supplies adversely affected August sales results.

Honda Division posted August sales of 73,267, a decrease of 27.5 percent versus August 2010. The Accord was the top-selling Honda model for August with sales of 18,439, a decrease of 21.2 percent compared to last year, followed by the CR-V with sales of 16,572, a decrease of 18.1 percent. The Pilot posted sales of 9,825, an increase of 11.4 percent versus last year.

“The production plan for most of our models returned to 100 percent by late August at all of our North American factories,” said John Mendel, executive vice president of sales for American Honda. “A greater selection of vehicles is beginning to arrive at dealers this month as the company continues to recover from temporary supply disruptions.”

Acura Division recorded August sales of 9,054, a decrease of 24.5 percent versus August 2010, and year-to-date sales of 79,136, down 8.1 percent. The MDX was the top-selling Acura model for the month with sales of 3,126, down 31.5 percent.

Canadian Acura/Honda Sales in August 2011

0 comments Posted by st at 4:54 PM

Combined August sales of 9,509 units by the Honda and Acura divisions represented a 26 per cent decrease over last year's sales. The Honda Automobile Division reported August sales of 8,060 units, down 30 per cent from last year. The Acura Division reported August sales of 1,449 units, unchanged from last year, with record monthly results for MDX.

"The decline of our August sales was not a surprise," said Jerry Chenkin, executive vice president of Honda Canada Inc., "because our supply of vehicles has been significantly impacted by a shortage of key components from Japan. We apologize to our valued customers for this disruption. But with the worst behind us, we expect dealer inventories to steadily increase from September on. And that is why we have launched some of the best value propositions in our history. There has never been a better time to buy or lease a Honda or an Acura."

Wednesday, August 3, 2011

TL, MDX Leading Acura's Sales

0 comments Posted by st at 9:30 AM

"Although production shortages from Japan have greatly improved, the overall ripple effect from low inventory continues to hurt sales," Jeff Conrad, vice president of Acura sales, said today. "However, with most models returning to full production (this month), we are hoping for a strong finish to the year."

Acura's MDX remains the brand's best-selling model in July. But Acura car sales exceeded truck sales last month, according to figures released today. Acura total car sales for July were 4,762, down 24.4%, and total Acura sales were 9,402 units. That's down 25%. Year-to-date sales through July are 70,082 cars and trucks, down 5.5% from year-ago levels.

The top seller in July was the TL performance sedan with 2,555 units sold, still down 15%. The TSX sports sedan had 2,137 buyers last month. Its sales are also down, 31.5%.

Acura sold 4,640 trucks in July, most of them MDXs (3,438 units). MDX sales fell 14.9%. The RDX crossover SUV had 1,100 buyers.

Canadian Acura/Honda Sales in July 2011

0 comments Posted by st at 9:22 AM

Sales of Honda's 2011 Accord are falling sharply in Canada to competitors

Combined July sales of 8,818 units by the Honda and Acura divisions represented a 24 per cent decrease over last year's sales. The Honda Automobile Division reported July sales of 7,654 units, down 25 per cent from last year. The Acura Division reported July sales of 1,164 units, down 19 per cent over last year. "Our July sales results reflect the full impact of the disaster that struck Japan in March, but now that the worst is behind us, we fully expect that the situation will improve significantly over the coming months," said Jerry Chenkin, executive vice president of Honda Canada Inc. "Once again, we apologize to our valued customers as we work hard to recover from this very difficult period."

Tuesday, August 2, 2011

American Acura/Honda Sales for July 2011

0 comments Posted by st at 3:16 PM

American Honda Motor Co., Inc., posted July sales of 80,502 vehicles, a decrease of 25.6 percent, based on the daily selling rate*, the company announced today. American Honda year-to-date sales reached 687,944, down 2.6 percent versus last year.

Honda Division posted July sales of 71,100, a drop of 25.7 percent versus July 2010. The Accord was the top-selling Honda model for July with sales of 18,308, a decrease of 25.1 percent compared to last year. The all-new Civic, which continues to be produced at reduced levels, posted sales of 14,006, down 37.4 percent. The Pilot SUV posted sales of 9,954, an increase of 8.0 percent versus last year.

"We look forward to improved inventory levels in the coming months as most of our North American facilities begin to return to full production in August," said John Mendel, American Honda executive vice president of sales. "On top of that good news, customers will have two significantly updated Honda products to choose from this month with the refreshed 2012 Pilot and Fit hitting dealer lots soon."

Acura Division recorded July sales of 9,402, a decrease of 25.0 percent versus July 2010, and year-to-date sales of 70,082, down 5.5 percent. The MDX was the top-selling Acura model for the month with sales of 3,438 down 14.9 percent.

Monday, July 4, 2011

American Acura/Honda Sales for June 2011

0 comments Posted by st at 3:43 PM

Honda posted June sales of 83,892 vehicles, a decrease of 24.3 percent, based on the daily selling rate, the company announced today. American Honda year-to-date sales reached 607,442, an increase of 1.6 percent versus last year, based on the daily selling rate. Although production limitations caused by the March 11 earthquake in Japan continued to improve, reduced vehicle supplies adversely affected June sales results.

Honda Division posted June sales of 75,184, a decrease of 24.5 percent versus June 2010. The Civic was the top-selling Honda model for June with sales of 17,485, a decrease of 36.5 percent compared to last year. The Accord posted sales of 17,107, a decrease of 38.6 percent. Sales of the sub-compact Fit increased 20.0 percent to 4,912, demonstrating continued strong demand for versatile, fuel-efficient vehicles.

Acura Division recorded June sales of 8,708, a decrease of 22.8 percent versus June 2010, and year-to-date sales of 60,680, a decrease of 1.4 percent. The MDX was the top-selling Acura model for the month with sales of 3,374, down 15.7 percent.

Canadian Acura/Honda Sales in June 2011

0 comments Posted by st at 3:42 PM

Combined June sales of 9,584 units by the Honda and Acura divisions represented a 19% decrease over last year's sales. The Honda Automobile Division reported June sales of 8,451 units, down 19% from last year. The Acura Division reported June sales of 1,133 units, down 21% over last year. "Once again, our sales results were impacted by lack of supply for some models, for which we apologize to our customers," said Jerry Chenkin, executive vice president of Honda Canada Inc. Honda Canada Inc. has sold more than 3.4 million Honda and Acura passenger cars and light-duty trucks in Canada over the past 38 years. More than 96% of the Honda and Acura vehicles sold in Canada in June were produced at the company's assembly plants in North America, up from 92% for the same month last year.

Tuesday, June 28, 2011

Disappointing Forecast

0 comments Posted by st at 6:24 PM

Honda's annual operating profit forecast is not conservative, given the yen's strength and soaring raw materials prices, the automaker's chief financial officer said on Tuesday.

Japan's No.3 automaker this month forecast a worse-than-expected 65 percent fall in annual operating profit to 200 billion yen ($2.5 billion) for the year to March 2012. Many analysts consider its guidance overly conservative, with consensus forecasts putting the profit at 412 billion yen, according to Thomson Reuters I/B/E/S.

"I don't think assuming 80 yen to the dollar is conservative at all," Fumihiko Ike told a small group of reporters in an interview, explaining the expected sharp drop in earnings.

"The same goes for raw material prices."

Ike said potential shortages of electricity in Japan following the nuclear disaster caused by the March 11 earthquake and tsunami likely meant resources-poor Japan would need to step up its imports of natural gas and other energy sources.

"And for that, a stronger yen is better," Ike said. "We in the manufacturing sector may cry out for relief but...I suspect such forces may be at work."

Honda's assumption that a rise in raw material prices would have a negative impact of 80 billion yen on profits this year was also not overly pessimistic, he said.

"Before, it used to be about rising precious metals prices. Now, on top of that, we're dealing with an incredible surge in rare earth prices as hybrid cars become more popular," he said.

Precious metals such as platinum are used in catalytic converters needed to reduce tailpipe emissions, while rare earth elements such as dysprosium and neodymium are needed for electric motors fitted in fuel-efficient hybrid cars.

Honda said on Tuesday it had received 12,000 orders for the new Fit Shuttle station wagon in Japan, about three times the monthly sales target. Of that, 86 percent chose the hybrid option.

Rare earth prices have been soaring since China, which controls more than 95 percent of global supply, restricted exports late last year. The China offer price of dysprosium now hovers around $3,600-$3,800 a kg, up from $300 a year ago, and neodymium is traded above $450, up from $45.

Honda's cost and sales assumptions translate into a cost increase of around 24,000 yen per car this year. Honda is expecting a 6 percent drop in its global car sales to 3.3 million vehicles.

ACURA DRIVE

Honda's 200 billion yen profit forecast would yield an operating margin of 2.4 percent, less than half of rival Nissan Motor Co's projection of 4.9 percent for 2011/12.

Nissan on Monday mapped out a business plan to boost that margin to a sustainable 8 percent within six years, partly fuelled by a global expansion of the Infiniti luxury brand.

Ike said Honda was also preparing a big model offensive for its premium Acura brand, which sells about the same number of cars as Infiniti, or around 160,000 a year.

"We've got quite a number of new models in the pipeline," Ike said, declining to provide details. He added, however, that unlike Nissan, Honda had no plans to spread the brand into more markets. Honda sells Acura cars in North America and China.

Saturday, June 25, 2011

Canadian Milestone

0 comments Posted by st at 4:14 PM

Honda Canada announced today the Acura division just sold its 400,000th vehicle in Canada since its launch in 1987.

"And after nearly 25 years of sales in Canada, four of every five Acura vehicles are still on the road, which is a testament to Acura's renowned durability," said Jerry Chenkin, Executive Vice President, of Honda Canada Inc. in a press release this morning. "Another important fact is that of the 400,000 Acura vehicles sold in Canada, more than one-third of those were built right here in Canada."

Sign of things to come ...

0 comments Posted by st at 3:45 PM

Pacific Honda, a dealership in North Vancouver, British Columbia, Canada

Honda is telling its American and Canadian auto dealers to honor discount offers on vehicles that they do and do not have in stock. Honda realizes that they have low inventories on models such as the Civic and are going forth with these discounts because they do not want to send people away without taking care of them. The offer is not available on cars built in Japan such as the Honda Fit and the Honda Insight. Acura dealerships across North America are also making a similar offer. Discounts are given to encourage existing inventory sales. Earlier this month, Honda warned that its operating profit could fall as much as 65% this year due to the Japan earthquake because of the delays in launching several models such as the Fit Shuttle and major problems with the launch of the new 2012 Civic. Toyota is equally hurt in this battle while the Korean and American manufacturers have gained at the Japanese's loss.

Honda Tops JD Power Study

0 comments Posted by st at 3:23 PM

Honda has earned its best ranking, at 2nd place in a recent J.D. Power and Associates Initial Quality Study for 2011. Honda led the industry having 7 models earn the top initial quality spots including the Honda Accord and Honda Civic. Honda's premium brand, Acura was next in line, topping out at 3rd place. This is the first time since 2002 that an automaker has won to the amount 7 1st place awards out of 11 models. Honda received 2nd overall but 1st among non-luxury brands.

Honda's Ridgeline earned the highest in the truck category while the Odyssey improved upon its initial quality score from last year's model. The Element and the CR-V earned 1st and 2nd place respectively while the mid-size crossover Accord Crosstour also earned the top initial quality. The Honda Fit and Honda Insight joined the list as well.

The Initial Quality Study surveys new car buyers to measure the initial quality of new vehicles after the first 90 days of ownership, it is recognized as a measure of vehicle quality and owner satisfaction. The study recognized Honda's Indiana, Ohio and Japan plants for superior manufacturing quality.

Monday, June 6, 2011

American Honda Reports May 2011 Sales

0 comments Posted by st at 4:27 PM

American Honda Motor Co., Inc., posted May sales of 90,773, a decrease of 16.1 percent based on the daily selling rate compared to May 2010 results the company announced today. American Honda year-to-date sales of 523,550 represent an increase of 7.4 percent compared to last year.

Honda Division May 2011 sales were 81,773, a decrease of 16.0 percent versus May 2010. The all-new, redesigned Odyssey minivan posted sales of 9,428, an increase of 5.5 percent. The Fit posted an increase of 46.3 percent with sales of 5,921. Civic led the division with sales of 18,341. Accord reported sales of 18,185 units for the month. The CR-V posted May sales of 16,307.

"May sales are on par with what we expected due to the lingering effects of parts and production shortages resulting from the devastating March 11 earthquake in Japan," said John Mendel, executive vice president of sales for American Honda. "We are confident that sales will rebound as our North American plants reach 100-percent production capacity for most models in August."

Acura Division posted May sales of 9,000 units, a decrease of 17.1 percent from the same period last year. The MDX luxury sport utility vehicle led the division with sales of 3,824, an increase of 1.9 percent over May 2010.

Tuesday, May 24, 2011

Cuts Come Again!

0 comments Posted by st at 3:59 PM

Honda has announced that its workers will take 14 additional days off from June to August due to disruptions in manufacturing operations driven by parts shortages. The parts shortage came on the back of earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies’ plants and paralyzed the power supply system.

The workers will take one extra day off in June, 10 days in July and 3 days in August. However, the workers need to work extra days in the latter half of the fiscal year to make up for the production shortfall.

The plants affected by the latest move include auto plants in Saitama and Suzuka and a motorcycle plant in Hamamatsu. Honda has informed the union that the workers may need to take additional days off in the coming months if the parts shortages continue.

Recently, Honda revealed that it will halve production at its Sumare, Brazil plant due to the same problem. The output at the plant will be reduced to 300 units per day from the current 600 units per day and production shifts will be curtailed to two from three. The company has already retrenched 400 employees at the plant.

Honda has also alerted its U.S. dealers about supply shortages of its popular models, Civic compact and CR-V small SUV, due to lower availability of parts that will support the required production level to meet their demand.

Apart from these two models, Honda stated that it will cut supply of Acura luxury cars as well as TSX wagon and the RL sedan until later in the year. It also revealed that it will be able to import only a limited number of Japan-built cars in the U.S, which include Fit subcompact, CR-Z, Insight and Civic gas-electric hybrids until later in the year.

Recently, the company revealed that domestic production volume will remain at approximately 50% of the original production plan until the end of June. However, it will be normalized before the end of 2011.

Tuesday, May 3, 2011

Canadian Acura/Honda Sales in April 2011

0 comments Posted by st at 4:45 PM

Combined April sales of 12,269 units by the Honda and Acura divisions represented a 6% decrease over last year's sales. The Honda Automobile Division reported April sales of 10,908 units, down 4% from last year. Honda's CR-V compact sport-utility vehicle had record April sales, up 10% from last year. The Acura Division reported April sales of 1,361 units, down 20% over last year.

"The new 2012 Civic just went on sale toward the end of April with strong market demand, which helped us achieve Civic sales of 5,224, in line with sales from last year," said Jerry Chenkin, executive vice president of Honda Canada Inc.

"Although Civic production has been significantly reduced due to a shortage of critical parts from Japan, we will be doing our best to meet the demand for the new Civic through the rest of the spring and summer months. With production issues that may affect availability of certain Honda and Acura products through the coming months, we sincerely apologize for any unfortunate delay our customers might encounter in taking delivery of their new car or truck, and we appreciate their understanding of this situation. Our dealers will take every step to provide the best level of service while customers wait."

Honda Canada Inc. has sold more than 3.4 million Honda and Acura passenger cars and light-duty trucks in Canada over the past 38 years. More than 94% of the Honda and Acura vehicles sold in Canada in April were produced at the company's assembly plants in North America, up from 93% the same month last year.

PR: American Honda/Acura April 2011 Sales

0 comments Posted by st at 4:44 PM

American Honda Motor Co., Inc., posted April sales of 124,799, an increase of 5.7 percent based on the daily selling rate compared to April 2010 results of 113,697, the company announced today. American Honda year-to-date sales of 432,777 represent an increase of 14.6 percent based on the daily selling rate.

Record-breaking April sales of the CR-V, Fit and Insight pushed April sales of the Honda Division monthly sales to 113,195, an increase of 5.9 percent versus April 2010. The CR-V crossover utility vehicle was up 25.3 percent for the month to an April record of 21,683. Sales of the sub-compact Fit increased by 66.3 percent to an April record of 8,116 and the Insight hybrid increased by 35.4 percent to an April record of 2,644 units. Sales of Honda cars increased 6.7 percent overall for the month to 67,536, with Accord and Civic selling 30,310 and 26,777, respectively, for April.

"Honda had another very strong month led by Accord, Civic and CR-V. In fact, sales of the versatile and refined Honda CR-V, America's best-selling SUV, broke records for the third consecutive month," said John Mendel, executive vice president of sales for American Honda. "While our current dealer supply of vehicles remains adequate, we know that production constraints may start to affect sales into the summer months. However, we are working closely with our dealers, and together we are committed to continue our focus to support the needs of our customers."

Acura Division April 2011 sales increased 4.2 percent to 11,604 compared to April 2010. The MDX luxury sport utility vehicle led the division with sales of 3,912, an increase of 1.4 percent over April 2010.

Friday, April 1, 2011

Acura: Celebrating 25 Years

0 comments Posted by st at 11:22 AM

From its humble beginnings as a small automobile company that launched in 1986 as a niche in the market, to today where Acura is pursuing top-notch styling and technological advancements, the past 25 years have been a roller coaster of feats and disappointments for Honda`s luxury company. From the Integra and Legend that set sales records in 1986-1987, to the rakish TL and dynamic ZDX that set styling records, Acura has been through not only an identity crisis, but a styling crisis and a marketing crisis. Automobile has a wrap-up of Acura`s past 25 years. http://rumors.automobilemag.com/acura-celebrates-25-year-anniversary-market-37411.html

The next 25 years? Who knows. Small Acura sub-TSX model to arrive. RL predecessor to arrive. Hybrid powertrains to be developed for the Acura lineup. All we know. But for one thing, let's hope Acura returns to its roots.

S-H-I-E-L-D & Acura

0 comments Posted by st at 11:18 AM

Get ready for Marvel Comics and Paramount Pictures to rule commercial time leading up to their new Thormovie that premiers on May 6. The film, which will be followed up with Captain America later this summer, follows two Iron Man movies and the 2008's The Incredible Hulk. Those films make up the lengthy run-up to the release of The Avengers movie next summer that will feature all the good guys on one silver screen.

Predictably, Thor will be jammed with corporate sponsors and product placements, which will lead to still more Thor commercials. Even Acura has gotten in on the act, as the upscale Honda brand has nabbed the roll as the vehicle of choice for the good guys at S.H.I.E.L.D., who are working hard to get all the superheros on the same team (hello, Avengers). Acura, whose corporate styling language already involves the shield-shaped front fascia that so many have complained about, were more interested in the role due to S.H.I.E.L.D's high-tech, cutting edge reputation. The automaker will reportedly receive an amazing two minutes of air time during the movie, and Acura even allowed the bad guys to blow up some of its vehicles.

Acura no doubt paid big bucks to get all that screen time, but that's not all it plans to do. Variety reports that Acura will push the movie in commercials, while also hosting Thor events at local dealerships that include giving away some tickets for advanced screenings.

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