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Honda exec says US market near capacity, could hurt subprime buyers

Is there a point in the US auto industry where companies should start considering the welfare of their customers ahead of selling more cars? American Honda Executive Vice President of Sales John Mendel thinks that level exists, and we may be getting very close to it.
According to Automotive News, Mendel believes that finding more customers in the market could require pursuing subprime buyers and offering longer-term loans. However, he refuses to use those tactics. While selling models this way can improve things briefly, the strategies hurt resale prices and lower vehicle profits over time. The company won't do "stupid things in the short-term that damage the person who bought yesterday," he said to Automotive News. "It's a very, very short-term tactic especially in the subprime area."
American Honda, which combines the Acura and Honda brands, has seen market share decline from 9.7 percent to 9.1 percent through July 2014, according to Automotive News, and Autoblog's By the Numbers stats showed it posted falling sales in five of the seven months with data this year. Though, Mendel claims that was partially because the company focused on retail sales over fleets. The delays of the launches for the Honda Fit and Acura TLX likely didn't help either.

Hyundai Santa Cruz, Kona N and Elantra Hybrid | Autoblog Podcast #691

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by West Coast Editor, James Riswick. They've been driving a lot of new cars, including the 2022 Hyundai Santa Cruz pickup, 2022 Hyundai Kona N, 2021 Hyundai Elantra Hybrid, 2021 Acura TLX Type S and 2022 Hyundai Genesis G70. Lamborghini revealed a modern interpretation of the Countach, for better or worse. Finally, they heelp a listener replace a 2013 Ford Edge in this week's "Spend My Money" segment. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #691 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving: 2022 Hyundai Santa Cruz 2022 Hyundai Kona N 2021 Hyundai Elantra Hybrid 2021 Acura TLX Type S 2022 Hyundai Genesis G70 Lamborghini Countach LPI 800-4 revealed Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related Video:

2024 Acura Integra Type S costs $51,995, orders open May 11

The highly anticipated 2024 Acura Integra Type S will start at $51,995 (including $1,195 for destination) and preorders will open up on May 11, 2023, at 10 a.m. Pacific. Now, before you get too excited, know that Acura is only planning to take reservations for "one of the first 200 production units before the high-performance model officially begins arriving at dealerships next month." We'd expect those 200 slots to fill awfully quickly. For those interested in throwing their hats into the virtual ring, the orders will be accepted at Acura.com/Integra. Deliveries to dealerships are planned for June. As we already knew, the Integra Type S will gain a total of 5 horsepower over the mechanically related Honda Civic Type R, though we're not clear on what's changed between the two versions of the 2.0-liter turbocharged four-cylinder powerplant to account for those newly located ponies. A six-speed manual transmission is mandatory, no automatic will be offered. The Type S will benefit from the same dual-axis front suspension design that inhibits torque steer so well in the Type R. Read all the rest of the salient details in our coverage of the Acura Integra Type S reveal. Acura also revealed that the Type S will achieve fuel economy figures of 21 miles per gallon in the city, 28 on the highway and 24 combined. That's down one mpg in the city compared to the Civic Type R, but the rest match up. Now, it is of course worth pointing out that the latest Honda Civic Type R is an excellent car. We not only named it an Editor's Pick, we declared it victorious in a comparison test with its most natural rival, the Toyota GR Corolla (a car that we also like quit a bit). That Honda, which shares a whole host of parts with this new Acura Integra Type S, costs $44,890 (again, including destination). What exactly will account for the $7,105 price difference, and will it be worth it? We will of course have to wait for our turn behind the wheel to find out. But consider our interest piqued. Related video: Featured Gallery 2024 Acura Integra Type S View 26 Photos Acura Car Buying Performance Sedan