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Honda's CR-V is setting sales records, but the Buyers are prefer more the Accord and Civic sedans.Honda U.S. sales fell 6.9% in August, its result was not bad as the record sales of their competitor Toyota. The buyers are choosing more the automakers' SUVs, that shift has been a hugely profitable advantage. But Honda, like Toyota, has long relied on sedans for the bulk of its sales in the U.S. Honda's Accord and Toyota's Camry have long been among the best-selling vehicles in America -- but sales of both are down in 2015.The Accord has been especially hardly dropped. Sales...
DETROIT — Honda Civic compact car on dealer lots was criticized for being cheap and boring, the company still sold almost 326,000 of them last year.Honda unveiled the new 2016 version in Detroit on Wednesday. The 10th generation Civic will come in sedan, coupe, hatchback.Their inside are much bigger and gives them a more athletic stance for better handling. With new engines, transmissions and suspensions, which will make them more efficient and more fun to drive than the outgoing model. The new version was and engineered in the U.S., and German luxury automakers designed the quality...
In June, the National Automobile Dealers Association (NADA) rates making cars more expensive to finance, a drop in used car prices and to keep cars longer. A projection by Bank of America Merrill Lynch indicated that auto sales could rise to 20 million new cars by 2018. The less-good news for the automakers is that the analysts expect “a very significant downturn after that.”Americans are buying more cars now, the number of miles driven today is down about 6.7% compared with June 2005. On the basis of just total miles driven, in August U.S. drivers posted a new record of nearl...
BEIJING/TOKYO (Reuters) -- Toyota Motor Corp. said on Friday more than 50 of its employees were injured by Wednesday night's explosions in the Chinese port of Tianjin that killed 56 people."We have now heard that over 50 employees who live in the surrounding area, including in company accommodation, have been injured," Toyota said in a written statement.Toyota said it was not aware of any employee deaths.The explosions resulted in broken windows at two dealerships, one operated by FAW Toyota Motor Sales Co., Ltd., and one operated by GAC Toyota Motor Co., Ltd, Toyota said, adding...
TOKYO (Bloomberg) -- Takata Corp. President Shigehisa Takada made a public apology for the eight deaths and hundreds of injuries related to the company’s airbags dating back more than a decade.Takada, 49, bowed and apologized at a press briefing in Tokyo after the company’s annual shareholders meeting today. He said the safety components supplier is considering ways to help victims, including by setting up a fund to compensate them.“I apologize for not having been able to communicate directly earlier, and also apologize for people who died or were injured,” Takada said....