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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 trademarks 'CDX' nameplate

Less than two weeks ago, we discussed the possibility of an Acura-badged version of the sure-to-be popular Honda HR-V. Now, Acura has gone ahead and registered a new trademark that fits in perfectly with its two other crossovers, the RDX and MDX. Our friends at Auto Guide report the company has reserved the name "CDX" with the US Patent and Trademark Office, with the trademark covering "automobiles and their structural parts." While it's true that these kinds of trademarks are filed regularly, the timing in this case is indicative of something more than simply covering bases. After all, it seems very, very unlikely that we'd have comments from Acura on a premium version of the HR-V on February 5 and a trademark filing for a name that fits the brand's CUV nomenclature less than two weeks later, only for it to not go ahead and build an actual vehicle. Adding to that logic is the simple fact that the compact CUV market, both on the premium and mainstream level, is arguably the hottest in the auto industry right now, and it seems like a virtual guarantee that we'll see an HR-V wearing the Acura CDX name in the not-so-distant future. Should that come to pass, look for the CDX to challenge the near-premium Buick Encore, as well as a potential compact CUV from Infiniti. Featured Gallery 2016 Honda HR-V View 25 Photos News Source: Auto GuideImage Credit: Honda Government/Legal Acura Honda Crossover Economy Cars Luxury trademark honda hr-v

Suspect leads LAPD on slow speed chase down the 405

A man wanted for attempted murder led Los Angeles police on a strange and erratic chase along the 405 freeway earlier this week. According to KABC, Marcos Tulio Flores was wanted by the LAPD for allegedly shooting his sister-in-law early on January 8. On the evening of January 9, police spotted Flores driving a silver Acura around Sherman Way at about 10:40 p.m. and gave chase. With police on his tail, Flores fled down Sherman Way. As he drove along, he sped up, slowed down, occasionally stopped, and got out of the car to taunt police. Eventually, he jumped on the 101 and then on to the 405 with dozens of cruisers and interceptors in pursuit. Once he was on the 405, which the LAPD immediately shut down in both directions, he began firing at the pursuing police vehicles. Thankfully, despite Flores and officers firing wild from moving vehicles, no one was hit during the short firefight. "This is one of the most intense chase scenes I've ever seen," said KABC reporter Desmond Shaw who was riding in the station's Sky2 helicopter. At around 12:20 a.m., Flores approached the Sunset Boulevard off ramp and pursuing officers decided that they'd had enough of his shenanigans. Police called in two SWAT vehicles which hemmed him in and forced him to stop using a PIT maneuver. Officers then sent in a K-9 unit to bring Flores down. Once the dog had him under control, police arrested him and charged Flores with attempted murder. Related Video: