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BMW reclaims US luxury sales crown from Mercedes
Tue, Jan 6 2015The numbers, they are in: BMW has reclaimed the luxury-sales crown from Mercedes by a margin of 9,347 cars. Mercedes donned the king's headgear in 2013 after a strong final quarter of 2013 when the new CLA and S-Class poured out of dealerships. This year, led by the 3 Series/4 Series and X5, BMW sold 339,738 units – a 9.8-percent increase year-on-year. Mercedes, led by the C-Class and M-Class, saw its sales go up by 5.7 percent to 330,391 units. We'll have to wait a bit to see if there's another registrations-vs-sales challenge as in 2012, when BMW was anointed US luxury ruler. Behind them, a dark horse named Lexus nudged closer to the leading Teutons, selling 311,389 cars. The Japanese luxury automaker also had the biggest gain among the top three, its sales rising by 13.7 percent compared to 2013. Audi had the biggest sales of anyone among the top five, though, with a 15.2-percent gain to 182,011, which moved it a spot ahead of Cadillac; the Wreath-and-Crest brand dropped 6.5 percent to 170,750. Acura (167,843), Infiniti (117,300), and Lincoln (94,474) took the final positions. Speaking of Lincoln, sales at the once-mighty luxury marque stand as the mightiest jump of any on this list, up 15.6 percent. That's the power of Matthew McConaughey... and better cars and a new crossover, sure. So now that we're back to Round One of 2015, in case no one else has said it yet: "Ok, fight!"
Honda reports $2.3 billion profit despite pandemic
Sat, Nov 7 2020TOKYO — Japanese automaker Honda reported Friday that its profit rose 23% in the last quarter, despite a pandemic that has slammed businesses around the world. Tokyo-based Honda said its July-September profit was 240.9 billion yen ($2.3 billion), up from 196.5 billion yen a year earlier, as the auto market recovered in some parts of the world. Honda said it carried out aggressive cost cuts that involved a “fundamental review” of its operations. The situation was also improving from earlier this year, when lockdowns and other problems related to COVID-19 caused disruptions of some production and an inventory crunch. Quarterly sales slipped to 3.65 trillion yen ($35 billion) from 3.73 trillion yen the same period a year earlier. Honda warned that uncertainty remains amid rising COVID-19 cases. But the company stressed it was managing to cling to profitability. Reflecting that upbeat mood, Honda raised its profit forecast for the fiscal year through March 2021 to 390 billion yen ($3.8 billion) from an earlier projection for 165 billion yen ($1.6 billion). The latest forecast is still lower than the 455.7 billion yen profit Honda booked in the previous fiscal year. Honda sold slightly more vehicles in the quarter through September at 1.25 million vehicles, compared to 1.24 million vehicles in the same period of 2019. But it sold fewer motorcycles at nearly 4.5 million motorcycles, down from nearly 5.1 million. Kohei Takeuchi, a senior Honda manager, said much of the damage to sales likely came from the pandemic, though he hesitated to blame the entire decline on the pandemic. Executive Vice President Seiji Kuraishi told reporters Honda is bullish on shifting its lineup to ecological models to keep up with the global efforts to curb carbon emissions and global warming. Also Friday, Toyota raised its full year fiscal forecasts to a 1.4 trillion yen ($13.5 billion) profit, after reporting results that appear to show a gradual but sure recovery. Its profit fell 11% in the last quarter. Nissan reports financial results next week. Related Video: Earnings/Financials Acura Honda
Acura's GM-based electric crossover may be called ADX
Wed, Dec 29 2021Acura's version of Honda's General Motors-based electric crossover will inaugurate the ADX nameplate, according to a recent report. While nothing is official, the United States Patent and Trademark Office recently granted the Japanese company the rights to the name. Spotted by Car & Driver, the trademark application was filed by Honda on December 22, 2021, and approved three days later. Nothing suggests it's for a Honda, but a model called ADX would slot neatly into the Acura range, which also includes the MDX and the RDX. The filing asks more questions than it answers. What's an Acura ADX? One possibility is that the nameplate might appear on Acura's version of the Honda Prologue, which is due out for the 2024 model year. It will be based on a GM-designed platform, and it will be powered by the same Ultium battery technology found under the Cadillac Lyriq, among other EVs. We know it will spawn an Acura, too. It's important to note that nothing in the filing mentions an electric powertrain. Acura's range only includes two crossovers, which is far below the industry average (Lexus has five crossovers and SUVs; even Lincoln has four) so the ADX name could end up on a non-electric addition to the range. The line-up could grow in a number of directions and many of its dealers are asking for bigger and small people-movers. As we've said before, a patent or a trademark filing is not a guarantee that a feature or a nameplate will see the light that awaits at the end of a production line. Carmakers routinely protect their intellectual property to ensure that it doesn't end up in the hands of a rival. Although there's no such thing as an Acura ADX — at least not yet — the name falls in line with the company's naming system. Imagine the confusion that would ensue if, say, Lexus released a crossover called ADX that was aimed directly at the 355-horsepower Acura MDX Type S. Acura hasn't commented on the report, and it hasn't revealed what its Honda and General Motors-derived model will be called. Related video:





















