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China's largest dealer body pushes back against foreign automakers over huge inventories

Do not think for a second that automakers forcing inventory on dealers in order to pad the numbers is a ruse known only in the US. Stories of individual brands have hinted at the trouble Chinese dealerships are having trying to move units as the country's economic growth remains hot but comes off the boil, like the one revealing that 95 percent of Toyota-FAW showrooms are losing money. Yet Toyota isn't the only culprit, and the issue has become so dire that the China Automobile Dealers Association (CADA), the largest dealer body in the country, has written to the government to complain. Chinese car sales are expected to close out the year with an annualized growth of six-percent, down from last year's 14 percent when targets were set, while in the background the pace of overall economic expansion is the slowest its been since the early nineties. Automakers, shipping cars on schedule to make their earlier targets, have blown up inventories such that they are an average of 1.8 times monthly sales, when the preferred multiplier is from 0.9 to 1.2. According to the CADA, the price wars and necessary incentives mean that only 30 percent of dealers are operating in the black. That number is down a whopping forty percent since 2010. In response, Toyota has already said it will not make its 2014 target of 1.1 million cars sold. We're a long way from 2012, when Toyota planned on selling 1.8 million cars in China in 2015, a target that's now as realistic as a manticore. BMW, Honda and Nissan have erased numbers on their spreadsheets, too; BMW growth dropped from 20 percent to 8 percent midyear after it began "reducing wholesale supplies," and Honda has been reworking its plans as sales have decreased each of the past six months. It's a big deal for Chinese dealers to begin protesting publicly, the CADA saying, "In the past, dealers were angry, but dared not speak out. But now, they have to shout because the situation is getting so unbearable." With six-percent growth forecast for next year and dealers unwilling to remain underwater, The Year of the Sheep coming in 2015 could portend meaning beyond the zodiac. News Source: ReutersImage Credit: AP Photo/Andy Wong BMW Honda Nissan Toyota Car Buying Car Dealers

NACTOY announces top nine finalists for Car, Truck and Utility of the Year

Finalists for the 2024 North American Car, Truck and Utility Vehicle of the Year (NACTOY) Awards were announced at this year’s L.A. Auto Show. This whittles the field down to nine vehicles in total, with the winners scheduled to be announced on January 4, 2024. The finalists in their respective categories: Car category: Honda Accord, Hyundai Ioniq 6, Toyota Prius Truck category: Chevrolet Colorado, Chevrolet Silverado EV, Ford Super Duty Utility category: Genesis Electrified GV70, Kia EV9, Volvo EX30 These nine cars were chosen from a list of 25, which was previously narrowed down from a list of 52 eligible vehicles. Notable misses include the Chevrolet Corvette E-Ray, Toyota GR Corolla, GMC Canyon, Ford Ranger, Chevrolet Blazer EV, Chevrolet Equinox EV, Mazda CX-90 and Toyota Grand Highlander, among others. Jurors will now evaluate the final nine through the end of the year to determine the four winners. Autoblog Editor-in-Chief Greg Migliore is among the jurors. Green LA Auto Show Chevrolet Ford Genesis GM Honda Hyundai Kia Toyota Volvo Truck Crossover Hatchback SUV Electric Hybrid Luxury Off-Road Vehicles Performance Sedan

Bisimoto 2014 Honda Odyssey packs 1,029 hp plus the kids

You know, the last time I drove a Honda Odyssey, I thought, "Man, this thing could really use another 781 horsepower." Thank goodness for the folks at Bisimoto, then, who have brought this "Power-Van" to the 2013 SEMA Show in Las Vegas. It's your standard seven-passenger Honda Odyssey with massive powertrain tuning to deliver a full 1,029 horsepower. Honda has not listed the torque output, but we imagine it's roughly eleventy billion foot-pounds.
That crazy power bump has been achieved through the use of - *deep breath* - an Infinity ECU, Arias pistons, ARP headstuds and bolts, Bisimoto's own 360-degree oil cap, a cat-back exhaust system, stainless mufflers, an improved fuel pump, new spark plugs, custom headwork, R&R custom steel rods, Turbonetics BTZ7265 twin turbochargers, a wastegate, blowoff valve, VP racing fuels and a whole lot more. Honda says the only chassis/suspension modifications come in the way of Fifteen52 wheels, 225/30-series Toyo T1 Sport tires and Young Guns performance exhaust coatings. So as far as we can tell, this thing still uses a front-wheel-drive setup. I bet it'll do somersaults.
Of course, this is SEMA, where we assume there's a four-modification minimum for any car that enters the Las Vegas Convention Center, so the Odyssey has been given added visual flair, as well. Outside, that means there's a Denmatic design theme, a whole mess of Honda accessories (check out that roof tub) and some new paint. Inside, upgraded upholstery has been fitted, as have Recaro seats.