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Auto blog

Honda exec says US market near capacity, could hurt subprime buyers

Is there a point in the US auto industry where companies should start considering the welfare of their customers ahead of selling more cars? American Honda Executive Vice President of Sales John Mendel thinks that level exists, and we may be getting very close to it.
According to Automotive News, Mendel believes that finding more customers in the market could require pursuing subprime buyers and offering longer-term loans. However, he refuses to use those tactics. While selling models this way can improve things briefly, the strategies hurt resale prices and lower vehicle profits over time. The company won't do "stupid things in the short-term that damage the person who bought yesterday," he said to Automotive News. "It's a very, very short-term tactic especially in the subprime area."
American Honda, which combines the Acura and Honda brands, has seen market share decline from 9.7 percent to 9.1 percent through July 2014, according to Automotive News, and Autoblog's By the Numbers stats showed it posted falling sales in five of the seven months with data this year. Though, Mendel claims that was partially because the company focused on retail sales over fleets. The delays of the launches for the Honda Fit and Acura TLX likely didn't help either.

Ford, Toyota clean up in Best Car For The Money Awards

The U.S. News Best Cars for the Money Awards picks winners by looking at the average transaction price, five-year total cost of ownership, the regard a car has from the automotive press, reliability figures from J.D. Power and Associates and safety data from the National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety. The result, according to the magazine, is "the best combination of critical acclaim and long-term value."
Ford nabbed six of the 21 categories that received awards this year, the Focus, Fusion, Fusion Hybrid, Taurus, Escape and Edge getting trophies. Toyota and its Lexus and Scion sub-brands took another five, the Tacoma and Tundra owning the two categories given to pickup trucks. The other ten awards were split between Honda with three, Buick with two, and one each for Subaru, BMW, Hyundai, Chevrolet and Mazda.
Follow the link to see all the winners and read about why they were chosen.

Acura TLX caught naked in production guise, can you spot the differences?

Acura doesn't tend to do concept cars these days that don't foreshadow a specific upcoming production model. The ZDX prototype of 2010 previewed the production version, as did the ILX and RLX showcars of 2012 and the MDX of 2013. The NSX concept is on its way to production, as the SUV-X concept is likely to do as well in the coming years. So when Acura revealed the TLX prototype at the Detroit Auto Show a few months ago, we all but knew it would only be a matter of time before that, too, would be produced. And here it is.
Spied all but completely undisguised while undergoing testing, this pair of TLX prototypes (one in white, one in black) looks almost identical to the show car. You might spot a few minor tweaks here and there - the strip of LEDs in the lower front bumper have been replaced by round fog lamps and some of the chrome accents are missing - but by and large, we're looking at the same vehicle we saw in Detroit earlier this year.
The finished production version of the TLX is expected to debut at the New York Auto Show next month, after which it will replace both the TSX and the TL, slotting in between the smaller ILX and the larger RLX in Acura's sedan lineup.