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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.

Comedians in Cars Getting Coffee earns Seinfeld four more seasons

We're going to be talking about Jerry Seinfeld and his excellent web series, Comedians in Cars Getting Coffee, for quite a long time, as it's been picked up for four more seasons. Considering the show just wrapped up its third season a few months ago, this marks quite a big win. The new order, reported by Variety, calls for 24 episodes, with Acura carrying on as the show's sole and primary sponsor. CICGC is already slated for a fourth season this summer, which includes five episodes, and a seven-episode fifth season in the fall. Guests for season four include Aziz Ansari, Jon Stewart and Sarah Jessica Parker, although we've no idea what sort of cars are in store. It's unclear when seasons six through nine will air, but if 2014 is any indication, we should expect the bulk of the episodes to arrive some time in 2015. News Source: Variety Celebrities Humor Acura Videos jerry seinfeld comedians in cars getting coffee

Acura TLX sales stopped over rollaway fears

A bad indicator that could convince customers that affected cars are in park, even when they aren't, has pushed Acura to issue a stop-sale for the V6-equipped TLX sedan. The company has already alerted the National Highway Traffic Safety Administration of the potential safety defect. According to Consumer Reports, the defect is being blamed on unnamed transmission components in the nine-speed-automatic transmissions, which were damaged during assembly. A representative from Acura confirmed to CR that a more complete statement would be coming once the case can be reviewed by NHTSA. At this point, this case isn't a full recall, although it seems quite likely that's the direction it will take. Stay tuned for more.