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U.S. auto sales fall in July, as Detroit dials back on inventory, rental sales

DETROIT — U.S. carmakers said on Tuesday they continued to slash low-margin sales to daily rental fleets in July as General Motors, Ford and Fiat Chrysler Automobiles struggled to curb a slide in retail sales. July is on track to be the fifth straight month in which the annual pace of car and light truck sales declined from the same month a year ago, in part because of fewer fleet sales, analysts and industry executives said. July 2016 sales hit a strong 17.9-million-vehicle pace. GM said the seasonally adjusted annual sales rate fell to an estimated 16.9 million vehicles in July. At midmorning on Tuesday, GM shares were down 3.4 percent at $34.77, Ford was down 2.8 percent at $10.91, and Fiat Chrysler shares were down 0.3 percent at $12.05 in New York. GM sales dropped 15 percent from a year ago to 226,107 vehicles, as the company cut rental fleet sales more than 80 percent. The automaker said inventories of unsold vehicles at month's end were 104 days, down from 105 days at the end of June. GM has promised investors to reduce inventories to 70 days by year-end. Ford said its July sales dipped 7.5 percent to 200,212 vehicles, as it cut fleet sales more than 26 percent. Inventories fell to 77 days from 79 the previous month. Fiat Chrysler said sales dropped 10 percent to 161,477, as it also cut back sales to daily rental fleets. Among the top Japanese companies, only Toyota reported a year-to-year gain, with sales up 4 percent to 222,057 — just 4,000 units behind GM. Honda sales were down 1 percent to 150,980 — its first-quarter sales continuing to decline in North America but seeing a big increase in China. And Nissan sales fell 3 percent to 128,295. GM, Ford and Fiat Chrysler have cautioned that second-half financial results likely will be lower than first-half results, in part reflecting production cuts in North America and pricing pressures. The automakers this year have been deliberately dialing back sales to rental-car companies, which often generate little to no profit, while struggling to keep retail sales from sagging further, according to industry analysts. Industry consultant LMC cut its full-year forecast for new vehicle sales to 17 million vehicles. Automakers sold a record 17.55 million vehicles in the United States in 2016.

2017 Honda CR-V gets turbo power, snazzier interior

The Civic is Honda's most vital vehicle. Right behind it is the CR-V, the company's second-best selling model and standard-bearer in the competitive compact crossover segment. It's lauded for comfort and utility and has remained popular with customers even though it hasn't had major updates in five years. Now comes the fifth generation, which Honda redesigned using all of its familiar tactics: More space, more technology, more safety features, slightly different styling, and some key pieces borrowed from the Civic. It's a playbook that works – about 4 million CR-Vs have been sold since 1997 and it's currently neck-and-neck with the Civic and Accord for the Honda sales crown. Put simply, "CR-V is extremely important to the Honda brand," said Alice Lee, Honda senior product planner. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Launching this winter, the 2017 model features a new turbocharged engine – the first for the CR-V – that's also used in the Civic. The 1.5-liter four-cylinder is expected to be rated at 190 horsepower and 179 pound-feet. The torque maxes out from 2,000 to 5,000 rpm, adding a spunkier feel to Honda's buttoned-down ute. The naturally aspirated 2.4-liter four-cylinder continues, making 184 hp and 180 lb-ft. Both are paired with a continuously variable transmission. Final fuel economy figures weren't released, but the 2016 2.4-liter achieved 26 miles per gallon in the city and 33 mpg on the highway in front-wheel-drive trim (25/31 with AWD). Next year's model is lighter, but 2017 also brings revised adjustments to stated fuel economy figures - so expect some increase in real-world mpg, even if the window sticker number is different. The CR-V rides on a new platform derived from the Civic. It is 1.2 inches longer with a 1.6-inch gain between the wheels. It's also 1.4 inches taller and wider. Collectively, this means the cabin is roomier, and cargo volume with the rear seat up increases two cubic feet to 39.2 cu ft. But, the CR-V's interior goes way beyond numbers. The instrument panel is upgraded with two new screens, a seven-inch touchscreen in the middle and a colorful driver interface. The A-pillar is also thinner, which makes for better visibility. The navigation system, developed with Garmin, is also new. Perhaps hearing feedback from across the industry about confusing touchscreens, Honda proudly points to a volume knob in the center stack that eases use.

Honda Clarity Fuel Cell has the longest range of any EV: 366 miles

If you want to go far without emitting anything from your tailpipe, your new road trip warrior is here. Honda announced today that its upcoming Clarity fuel cell vehicle will have an amazing 366-mile range. That's the most you can get from a zero-emission vehicle between recharging or refueling. The other electric vehicles with more than 300 miles of range are the battery-powered 2016 Tesla Model S P100D ( 315 miles) and the hydrogen-powered 2017 Toyota Mirai ( 312 miles). WIth 68 MPGe, the Clarity Fuel Cell can't claim the highest miles per gallon of gasoline-equivalent rating in the US, since these are all based on official EPA numbers. That title goes to the BMW i3, with 124 MPGe. The hydrogen Clarity should arrive for lease in hydrogen-friendly California before the 2016 calendar runs out. It will be followed by all-electric and plug-in hybrid versions in the coming years. The hydrogen Clarity will lease for about $500 a month, a bill that will almost certainly include the hydrogen fuel, since that's par for the course with hydrogen vehicles in the US right now. Related Video: