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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.

10 best new car deals of November 2021

Sales of new cars, trucks and SUVs were drastically affected in 2020 due to the (still) ongoing coronavirus pandemic. The market started to show signs of recovery toward the end of last year before really coming on strong in the early months of 2021. Of course, then pandemic-related parts and worker shortages along with global shipping constraints started running amok and causing a great deal of pricing fluctuation and a limited supply of certain vehicles. Those problems (among other things) have led to record-high new-car transaction prices in the United States. The good news is that there are still plenty of great deals on new cars. Using data provided by TrueCar, we’ve compiled a list of some of the best automotive deals for November 2021. WeÂ’ve noted the original MSRP, the average transaction price, and the total savings in both dollars and as a percentage of the original sticker price. Basically, weÂ’ve done all the hard work for you! So now, all you need to do is compare deals, go on a few test drives, and maybe drive away in a great car (and an even better bargain).

Hidden Integra Type R spends years behind secret barn wall

There's no telling what lengths that person might go to to protect the valuable commodity. In the case of collector cars, some might take out extra insurance, some might store it away in climate-controlled facilities, and others, such as the man in this story, build a secret storage room behind a false wall in a barn. The stowed 2001 Acura Integra Type R even had posters to look at. Featured by BarnFinds.com, this Type R is for sale in Canada via eBay for C $39,999.99, or about $30,000. It's not one of the baby-fresh untouched examples that have worked their way onto auction stages recently, but it has an extremely unique past. As seen in the photos, this Type R was stored in its own room behind a particle board wall in a barn. The room had its own lighting, posters on the wall, and the owner also used an additional fabric cover over Championship White exterior. It has 82,000 miles on it, and a few scratches and dings on the car prove it's spent some time in the wild. The seller says it's "all original paint except maybe for the front bumper." But it's an original car with a clean title and red seats (the seller claims Acura sold only 250 examples with red seats in Canada). According to Fox News, interested buyers have offered up to $7,500 just for the seats, but the owner refused to part it out. Bid on the entire car at eBay.