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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 spinning off Acura as stand-alone division in bid to wake up brand

Every major automaker has a different way of relating between its various divisions and brands. At Volkswagen, for example, the individual brands seem to operate with a large degree of autonomy. Under the Renault-Nissan Alliance, the two units share a common chief executive, but little else. The relationship between Honda and its luxury division Acura has always been rather close, but that's all about to change.
American Honda Motor Company has always handled sales and marketing in the North American market for both the Honda and Acura divisions, but new reorganization plans call for the two units to be separated under their own direction. Leading the Acura division will be Michael Accavitti, who moves into the position from his role as Senior Vice President for Auto Operations at American Honda. The Honda division will meanwhile be taken over by the current head of Acura sales, Jeff Conrad.
Both will report to John Mendel, the current executive vice president of the Automobile Sales Division that is being rebranded as the American Honda Auto Division. Unlike rivals Lexus and Infiniti - two brands that Acura beat to the market - Honda barely markets its luxury brand outside of North America. Its overseas presence is felt only in China, though we've yet to receive word on how the reorganization might effect that market - or for that matter, any potential of expanding into others.

2017 Acura NSX | 573 horsepower for lunch

Our Editor-in-Chief Greg Migliore is in California for Monterey Car Week and the Pebble Beach Concours d'Elegance, rubbing elbows with beautiful people and their far-more-beautiful cars. Greg took a 2017 Acura NSX down the Monterey Peninsula to grab lunch yesterday and posted live video on Facebook. We thought we'd share it here. We've driven the modern NSX before, of course, and it's terrific. For greater detail, check out our review from 2015. The video is in two parts, as Greg lost service at one point. Ah, technology. We'll be ordering lunch ourselves soon. Wish we could order California sunshine and an NSX to go. Related Gallery 2016 Acura NSX: Detroit 2015 View 21 Photos Related Gallery 2017 Acura NSX at Pikes Peak View 47 Photos Related Gallery 2017 Acura NSX First Drive View 33 Photos Image Credit: Michael Austin Auto News Acura Technology Emerging Technologies Coupe Luxury Performance Videos Pebble Beach California