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Average transaction prices climb to a record $36,270 in January

The automotive sector made a hash of the numbers last month, a mess of pluses and minuses clogging the transaction-price charts according to Kelley Blue Book. The overall industry rose one percent, even though buyers bought fewer cars and light vehicles in January 2018 vs 2017 using the selling-day adjusted rate. Due to January transaction prices rising to $36,270, a record for January, the value of new vehicles sold climbed more than $1 billion compared to January 2017. KBB's transaction prices don't include customer incentives, which changes the complexion slightly; average incentive spending rose to just over ten percent. The average transaction price in December 2017 was $36,756, so January dropped a bit - nothing unexpected, with the month annually blamed for "January doldrums." More revealing is the fact that the average transaction price in January 2017 was $34,910. This year's plumped-up figure came courtesy of the continued shift to crossovers, SUVs, and light trucks, which shouldn't surprise anyone who's read an automotive blog in the past 20 years. That category comprised nearly 70 percent of new vehicle sales for the month. Some manufacturers profited more than others, though. Fiat Chrysler managed 12.8 percent fewer sales in January compared year-on-year, but the company's vehicles sold for $1,300 more. The Ford brand suffered a 6.3-percent dip in sales, but brand transaction prices increased $2,000, while a Lincoln sold for $8,700 more on average. General Motors sold more cars and sold them for more money; overall GM transaction prices rose four percent, or $1,270, while a GMC traded hands for seven-percent more than in January 2017 and a Cadillac got $2,300 more on average. Of KBB's listed automakers, the Volkswagen Group got the most of out its customers, transaction prices rising at the German automaker by 5.6 percent to $42,243 in January 2018 compared to a year earlier. American Honda followed with a 4.3-percent increase to $28,991, GM in third at 4.1 percent to $40,313. Find your next car at Autoblog using our new and used car listings or the Car Finder tool. Broken out by segment, minivans rocked the table, transaction prices leaping by 7.9 percent to $35,380 compared to January a year earlier. Luxury cars boasted the next-highest rise, at 3.6 percent to $58,533.

Honda recalling nearly 900,000 Odyssey minivans over fire fear

Honda is recalling nearly 900,000 2005 to 2010 model year Odyssey minivans due to a fault with the fuel pump that could cause them to catch fire.
According to the National Highway Traffic Safety Administration filling, if exposed to "acidic chemicals and a high temperature environment," the cover of the fuel pump strainer could crack and cause a gasoline smell in the minivan or possibly allow the fuel to leak out. Denso supplied the fuel pumps on the vehicles, and the report says that Honda first began studying the problem in October 2012 but didn't finally confirm the cause until March 6, 2014. The recall affects 886,815 Odysseys, and Honda has received 187 warranty claims related to the issue. However, there have been no fires or injures reported.
Unfortunately, Honda says that it currently doesn't have enough replacement fuel pumps to fix all of the vehicles and doesn't expect to have the parts ready until this summer. It's sending a letter to owners telling them about the recall and is sending a second notification when the pieces are at dealers. The entire notification including affected VINs can be viewed as a PDF here, and the shortened version from the NHTSA can be viewed below.

2021 Acura TLX to start at $38,525, hits dealers this fall

The 2021 Acura TLX will start at $38,525 (including a $1,025 destination fee) when it arrives in dealerships this fall. The flagship Type S model, which will be powered by a twin-turbocharged V6, will not arrive until spring, and while Acura has not yet finalized pricing, we're told it will start above the $50,000 mark.  The $38,525 base price of the 2021 TLX makes it $4,500 more dear than the model it replaces, but competitive with most of its luxury peers, largely thanks to its far more potent base engine. In fact, the 272-horsepower 2.0-liter turbo mill in the 2021 model in only down 18 horsepower from the V6 offered as the upgraded engine in the 2020. The new also TLX gets an updated platform that brings back its traditional double-wishbone front suspension, introduces a new turbocharged four-cylinder engine, and marks the return of the sporty Type S to the model lineup. To further make up for the rather large price increase, Acura has seen to it that the TLX is more feature-rich pretty much across the board. For example, base models now get a 10-speaker audio system with twin subwoofers and 12-way powered front seats. All models also come standard with Android Auto and Apple CarPlay integration for 2021. We'll come back to the Type-S momentarily; first, here's a breakdown of 2021 TLX pricing with destination included: 2021 TLX 2.0T — $38,525 2021 TLX 2.0T with Technology Package — $42,525 2021 TLX 2.0T with A-Spec Package —  $45,275 2021 TLX 2.0T with Advance Package — $47,325 A-Spec models are focused on sporty appearance and handling add-ons, while the Technology package is geared more toward those who want more convenience features. The Advance trim effectively blends them together and adds more premium features, such as Milano leather seating surfaces, heated seats and a heated steering wheel. Acura's Super Handling All-Wheel Drive system (SH-AWD) is available across the lineup for $2,000.  As for the 355-horsepower Type S model, Acura says it won't appear in showrooms until spring 2021, and while pricing has yet to be finalized, Acura says it will cost more than $50,000. That tracks, considering the Advance Package with SH-AWD is already a $49,325 car. Related Video: 2021 Acura TLX unveiling