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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.

Honda and Acura render their future visions for Shanghai

With the Shanghai Motor Show coming up later this month, Honda has released a couple of teaser sketches for two concept vehicles that will be making global debuts. Aside from the renderings, there is no information about either the Honda or Acura concept vehicles, but we can tell that both are some sort of utility vehicle, be they of crossover or people-mover variety.
The text for both images indicates that both concepts show future products that will be launched in China, but there is no mention as to what other markets the automaker has planned for these vehicles. In addition to these two concepts, the NSX Concept and 2014 RLX from Acura will make their Chinese debuts, and Honda says it "will display models substantially identical to the mass-production version of the Concept C and Concept S." The Concept C is will be a "middle-class" sedan built for China, and the Concept S, an MPV that will primarily serve China as well.

Acura MDX PMC priced at $63,745

The 2020 Acura MDX PMC edition, first unveiled as a prototype at the 2019 New York Auto Show last spring and later shown in production form at the L.A. Auto Show this past fall, is finally arriving in showrooms. And that means we now have actual pricing: $63,745. That includes a hefty $1,995 destination fee, which is $970 more than the charge for a regular MDX and equals that of the NSX supercar. The total represents a $4,470 upcharge over the now-penultimate MDX Advance, at $59,275. What does $4,470 worth of extra specialness buy you? Let us review: Like the previous PMC version of the TLX sedan, the MDX wears trim-exclusive Valencia Red Pearl nano pigment paint, applied with a multi-stage process at the NSX factory. It's set off with gloss-black exterior elements including 20-inch 10-spoke wheels, roof panel, grille and surround, side mirrors, door handles, and antenna, with black-chrome exhaust tips. Inside, the seats are upholstered in black Milano leather with Alcantara inserts and red contrast stitching. Red stitching also appears on the steering wheel, door panels, center console and armrest, and headrests. Floor mats have A Spec logos, and metal shift paddles are also included. Besides the PMC-specific visuals, the model includes a full raft of features, including navigation, heated and ventilated front seats, heated rear seats and steering wheels, adaptive dampers, LED exterior lighting, ELS Studio premium audio, second-row captain's chairs, surround-view camera system, and more.  Beyond the content, what makes the PMC edition unique is that it's partially assembled at the brand's Performance Manufacturing Center (thus, "PMC"), where the NSX is built. Production is limited to 300 units for the U.S. market, with another 30 for Canada. Related video: Acura NSX Factory Tour