No Reserve! Clean Carfax! Only 59k Miles! 1-owner! 60 Mpg! Runs Great! Hb 3d Fwd on 2040-cars

Auto blog

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.

Honda CB350 and cafe racer culture explored by Electric Federal

The latest video from Electric Federal covers one of our favorite aspects of motorcycle culture - café racers. In an interview with Adam "Gasser" Gaspic, the owner of Gasser Customs, EF takes a look at the culture and one of Gasser's latest offerings, a hopped-up Honda CB350, called the Silver Bullet.
Gasser has gone all-out on the Silver Bullet, replacing some of the body parts with fiberglass and delivering more than a few upgrades to the rebuilt engine. The brakes and suspension of the smaller bike also get some attention, as do some of the bike's aesthetics. Besides the upgrades, there's just something to be said for the sleek, minimalist nature of the little Honda.
Naturally, the videography is gorgeous, and it's a great look at a kind of motorcycling that seems to be overlooked in the world of sport bikes and Harley-Davidson-style cruisers. Take a look below for the full video.

Honda MC-? prototype

Honda is less an automaker, it has been said, and more of a motor company that builds vehicles into which to put its engines. That sort of perspective goes a long way towards explaining the mind-boggling diversity of the company's product lineup. The Japanese industrial giant makes lawnmowers, marine engines, robots... even jet aircraft. It's also one of only a handful of companies that makes both cars and motorbikes. We recently had the chance to sample something that falls in between.
It's called MC-β - shorthand for Micro Commuter Beta, which already tells you it's Honda's second stab at the formula. The first Micro Commuter prototype was announced a year prior and, though marginally larger, struck us as a more complete product than its successor. But it'll likely still be a while before the formula is perfected and put into production, and even then it isn't likely to find its way any time soon to Honda's American showrooms - whether those showrooms are selling cars, bikes or ride-on mowers.
Driving Notes