2006 Honda Odyssey Ex-l Van!! Leather Heated-seats 3rd-row 6-cd Moonroof 1-owner 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 planning a second Vezel for developing markets

The new Honda Vezel was designed as a global product. Unveiled at the Tokyo Motor Show in November, the compact crossover is already going on sale in Japan, will soon reach Europe and will eventually hit the North American market as well - albeit with a different name and engine lineup. But it won't be sold everywhere.
According to Autocar India, the Vezel was originally earmarked to reach the emerging market on the subcontinent, but the declining value of the rupee has apparently forced Honda to rethink its strategy. Instead, the Japanese automaker is now expected to develop a second compact crossover - one more cost-effective to produce locally - for sale in India and other, nearby developing markets.
The new model would be based on the Brio, a hatchback that's smaller than the Fit (on which the Vezel is based) and built in India, Thailand and Indonesia. Honda has already enlarged the Brio's platform to create the Amaze sedan and Mobilio minivan. Building a crossover on the same platform would reportedly require some re-engineering - particularly around the wheel wells - but would apparently still be more cost-effective than importing the Vezel.

Honda issues stop sale on 2016 Civic with 2.0-liter engine

Honda has issued a stop sale on the 2016 Civic with the 2.0-liter four-cylinder for a problem that might allegedly lead to engine failure. The company also plans to recall and inspect the examples already with customers. Honda spokesperson Chris Martin tells Autoblog that the issue doesn't affect any Civics with the 1.5-liter turbocharged engine. "While the specific details of this action are still being determined, American Honda has provided preliminary information to the NHTSA and intends to provide more details in a formal notification to NHTSA on Friday, February 5," Martin said. After the National Highway Traffic Safety Administration acknowledges the details, Honda will issue an official statement about the problem. A post on the CivicX forum purports to have a Honda document detailing the fault. Some of the 2.0-liter engines may have missing or miss-set piston pin snap rings, which could cause damage to the pistons and other internal parts. The issue reportedly affects roughly 34,000 examples of the 2016 Civic. If the document from the CivicX forum are accurate, dealers will use a borescope to inspect the pin snap rings on the potentially affected engines. According to the forum, replacement parts are not yet available, and Honda expects to notify customers about the recall in March. Autoblog drove the turbocharged version of the 2016 Civic late in 2015 and came away fairly impressed. We loved the new engine and quiet interior but weren't so enamored with the CVT. In any case, if you're in the market for a new Civic, you may now have one more reason to consider the new turbo mill. Related Video: