Red 2006 Honda Accord Ex-l on 2040-cars

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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

Online Find Of The Day: 1998 Honda Accord Dually shows a melange of influences

The vehicles that we choose to drive make a statement about who we are, and this insanely styled, custom 1998 Honda Accord is certainly going to say something about the next owner. The seller in this Craigslist ad claims this "is something that you will never see again," and there's no arguing about that. If you're looking for attention and notoriety, then this Honda is more effective than driving around in any Ferrari or Porsche. First, everyone can see you coming in this thing. With two banks of LEDs on the hood, a 44-inch light bar on the roof and cab lights, this Accord must look like a meteorite burning up in the atmosphere with all of its illumination on at night. In addition, the boat air horns, PA speaker, backup beeper and the unholy noise from the Bosozoku-influenced exhaust stack should make stealth an impossibility. Making friends isn't a problem, either, because with eight CB whip antennas positioned around the car, you're sure to hear every trucker in a tri-state area. Despite the Accord being front-wheel drive, the builder finished this masterpiece off with a dually rear end and fender flares. Don't worry about seeing the utter shock on people's faces when they notice, because the Dodge tow mirrors should provide plenty of rear visibility. The seller claims there's nothing wrong with the car, and he's accepting trades or reasonable offers. Autoblog has called to see how much the owner wants for it and to see what inspired them to go to such extremes. We'll update this story if we hear back.

2013 North American Car and Truck/Utility of the Year finalists announced [w/poll]

2012 is almost in the books and automakers are spending December gearing up for the 2013 auto show season, which tips off next month at the Detroit Auto Show. Traditionally, the latter opens up with the announcement of the North American Car and Truck/Utility of the Year awards, and this year figures to be no different.
But up until this moment, we didn't know which six vehicles would be parked ahead of the stage as finalists, with executives and engineers waiting for the winners to be disclosed. Whittled down from October's "short list" of nominees (11 cars and 10 truck/utility vehicles), the finalists are as follows:
2013 North American Car of the Year: