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2018 Honda Accord charges into slumping sedan market

DETROIT - Honda on Friday revealed its newest-generation Accord, one of four re-engineered midsize sedans that Asian automakers are betting on to win market share as Detroit automakers shift focus to SUVs, crossovers, and pickup trucks. The new Accord, like rival Toyota's all-new Camry arriving this month, offers major improvements in fuel economy, technology, styling and safety. Honda declined to discuss details ahead of Friday's event in Detroit. The Accord and Camry are pillars of their manufacturers' US businesses, each selling well over 300,000 vehicles a year. In the coming months, Nissan is expected to launch a new Altima midsize sedan, and Hyundai will launch a new Sonata. Both are popular marques that will be promoted heavily. "There has been no new news on the midsize sedan side for three years, and we think this is a great opportunity to bring attention back to the segment," said Jack Hollis, Toyota's head of marketing for North America. Year to date, US passenger car sales are down 11.4 percent, and sales of midsize sedans are down 14.2 percent. Still, Americans bought 7.1 million sedans in 2016. With General Motors and Ford cutting sedan production, and Fiat Chrysler Automobiles abandoning the segment, Honda and its Asian rivals could boost sales with updated models, dealers said. "They could take share from other brands, which is traditionally what happens when a new product is launched," said Pete DeLongchamps, vice president for manufacturer relations at Group 1 Automotive Inc, the third-largest US auto dealer group. "NOT FINDING A PLACE WITH CONSUMERS" The Accord for years was Honda's top-selling model in the United States. Within the past year, US sales of the Honda CR-V have eclipsed the aging Accord, and Honda has expanded production capacity for the compact crossover. Passenger-car sales have steadily declined since 2012, when they made up 51.2 percent of the US market. Sedans have sagged to a 38.1 percent share in the first half of this year. IHS Markit said US consumer loyalty to SUVs and pickup trucks has risen since 2012, but declined for sedans. The new Accord and Camry "may stem the decline," said IHS Markit's Tom Libby. "I don't think they will cause a marked reverse." Improvements to the Accord should boost sales at Galpin Honda in San Fernando, California, general manager Ed Hartoonian said.

Hyundai’s new Plug-in has a range of 590 miles

Hyundai’s new Plug-in has a range of 590 miles Hyundai revealed the 2018 Sonata Hybrid and Plug-in Hybrid at the 2018 Chicago Auto Show. The Plug-in Hybrid includes a 50 kW electric motor battery pack and has a combined range of 590 miles. The two Sonatas will be built in Asan, Korea. Transcript: HyundaiÂ’s new Plug-in has a range of 590 miles Hyundai revealed its redesigned sonata Hybrid and Plug-in Hybrid models at the 2018 Chicago Auto Show. Blind-spot detection, rear cross-traffic alert, and lane-change assist all come standard. The Hybrid powertrain includes a 2.0-liter 4-cyl engine with a 6-speed automatic transmission and a 38 kW electric motor. The Hybrid has a net power of 193 horsepower at 6,000 rpm. The Plug-in Hybrid powertrain includes a 50 kW electric motor with a battery pack 5 times larger than the Hybrid at 9.8 kWh, and has a total system output of 202 horsepower at 6,000 rpm. The Hybrid boasts a combined mpg of 42 while the Plug-in Hybrid claims a total combined range of 590 miles. Hyundai claims the Hybrid can operate solely on electric power at speeds up to 75 mph. The sonatas will be built in asan, korea. Hyundai Autoblog Minute Videos Original Video PHEV hyundai sonata hybrid 2018 Chicago Auto Show hyundai sonata plug-in hybrid sonata sonata plug-in hybrid

Auto execs surveyed say VW, BMW most likely to grow

A new survey of top global automotive executives indicates both Volkswagen and BMW are the most likely to grow their market share over the next five years.
Tax advisory firm KPMG LLP has released its 14th annual Global Automotive Executive Survey, which includes responses from over 200 executives. A total of 81 percent of respondents said they expect to see Volkswagen make gains, compared to 70 percent last year. BMW, meanwhile, saw 70 percent of those surveyed say they believe the company will increase its market share. That's a jump of 7 percentage points over last year. This is the first time in the history of the survey that BMW has claimed the second-place spot.
Meanwhile, Hyundai has seen its perceived market share potential slacken for the third year in a row. Around 61 percent of those surveyed predicted gains for Hyundai, down from 63 in 2012. Toyota also has a surprising year, but for just the opposite reason. While the manufacturer had slipped in ranking since 2011, it enjoyed the largest increase of any company in the 2013 survey, jumping to 68 percent from 44 percent last year.