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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.

Powerball winner's first purchase will be used Acura NSX off Craigslist

We don't play the lottery very often, but when we do, even a five-dollar win is cause for celebration. So we can't possibly imagine how Paul White from Minnesota is feeling after scoring a third of this week's $448 million Powerball jackpot. It has to be an overwhelming experience, but we think he's going to end up handling it well if his first press conference is any indication.
Like some of us, White has a pretty reasonable idea of what his first purchase is, and boy, is it a good one: an early Acura NSX. Yes, this man has class. Rather than run out and buy a clichéd Rolls-Royce or Lamborghini, his first instinct is to go pick up a $30,000 Acura that he has been eyeing on Craigslist for months. It's enough to make us wonder if he'll use his winnings to get on the list for one of Acura's new NSXs when they finally come around in 2015.
Watch White describe what it is about the NSX that makes heart skip a beat in the press conference video from USA Today below (note: video autoplays).

Acura previews Daytona prototype racer

The IMSA WeatherTech SportsCar Championship will get yet another competitor in the Daytona Prototype class. Acura and Team Penske will enter the series in January at the Rolex 24 at Daytona with its own car called the ARX-05. The name stands for Acura Racing Experimental, which we know means it should be called ARE, but let's be honest, "X" is a way cooler letter. The car's full reveal comes on Aug. 18, but the company released a teaser image, as well as a video, seen below, that talks about the car. The video actually reveals quite a bit of the car. It is covered in camouflage, but just the black-and-white vinyl wrap kind. It's also in bright daylight. Possibly the most distinctive part of the car's design is the wing shape that stretches across the top of the nose. It also has very aggressive-looking canards on the front corners. It doesn't look nearly as beautiful as the Mazda car, but if it's effective, who cares? The video also reveals that the engine in the ARX is based on the V6 from the TLX and MDX. When the car enters the IMSA series in January, it will be competing against Cadillac, Mazda, Nissan, and race car builders such as Oreca and Dallara. Acura will be the second company to use a V6 in the series after Nissan. Mazda uses a turbocharged four-cylinder, and Cadillac and the race car builders use V8s. Related Video: News Source: Acura, IMSA Acura Coupe Racing Vehicles