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2017 Honda Ridgeline boosts fuel economy by 5 mpg

The 2017 Ridgeline brings Honda back into the pickup segment later this spring, but the automaker has so far kept quiet about many of the new truck's specs. Thanks to the government, we now have fuel-economy ratings for the new model, and they compare well to the competition. Front-drive versions of the new Ridgeline get 19 miles per gallon in the city and 26 mpg highway. If you opt for all-wheel drive, the numbers are a point lower, at 18/25 mpg. That's are a decent upgrade over the last-gen truck, which was only offered with all-wheel drive and had ratings of 15/21 mpg for the 2014 model year. The related Honda Pilot crossover, which was new for 2016, does a touch better, with maximum fuel economy of 20/27 mpg on a front-drive model with the optional nine-speed automatic. Comparing the Ridgeline with the fresh crop of updated midsized pickups, the Honda fares well. For comparable models with a V6 engine, automatic transmission, and four-wheel drive, the Toyota Tacoma is the closest competitor, at 18/23 mpg. The Chevrolet Colorado and GMC Canyon aren't too far behind that at 17/24 mpg. The Honda actually comes pretty close to the ratings of four-cylinder, rear-drive versions of its competitors, beating some on the highway. Honda will exclusively offer the 2017 Ridgeline with a 3.5-liter V6 and a six-speed automatic. The company doesn't yet have powertrain specs, but the same engine makes 280 horsepower and 262 pound-feet of torque in the Pilot, so expect similar figures for the pickup. An in-bed stereo system is among the truck's innovative features, which should make the Ridgeline a great vehicle for tailgating and outdoor parties, and now we at least know it won't use that much fuel getting there. Related Video:

Honda Concept B Hybrid production version coming to China in 2016

At the Beijing Motor Show this weekend, Honda took the wraps off of the Concept B Hybrid, a "new-value concept" that will apparently do its level best to get the Japanese automaker back into the entry-level gas-electric game. Powertrain details for the five-door concept hatch are noticeably absent, so we are assuming that what Honda wants with this concept is for us to focus on the looks. Honda says the car's exterior design is "advanced and cool-looking." We like the shape, but think a few changes will do wonders for the production model.
If the busy front end gets turned down a bit in production (it's especially glaring from the front), we can see this becoming a darn good replacement for the Insight at the lower end of the hybrid price spectrum. Sadly, for now, Honda is saying that the mass-production model that uses the Concept B as a foundation will be available "exclusively" on the Chinese market in two years.
Speaking at the Beijing show, Honda president and CEO Takanobu Ito continued to look for ways to green his company's line-up, and said Honda, "will strive to become number one in complying with Chinese CAFE regulations, which are the toughest in the world, and offer a new lifestyle for Chinese customers." Come 2016, that new lifestyle could look like the car you see in the gallery above. Think it's a good one?

Average new-vehicle transaction price hits a whopping new peak in December

Elevated prices for products and higher borrowing rates led to record high transaction prices for new vehicles in December, with the average cost in the U.S. rising to a record $49,507, according to data from Kelley Blue Book released today. The report notes that ATPs — average transaction prices — have climbed above suggested retail prices — MSRPs — for more than a year. Sales volumes were up in December on a year-over-year basis by more than 5%, a situation Kelley attributed to improved supply. Overall sales for 2022, however, were off 8% year over year. “The transaction data from December clearly indicates overall prices showed no signs of coming down as we headed into year-end,” said Rebecca Rydzewski, research manager of economic and industry insights for Cox Automotive. “Luxury prices fell slightly in December, but non-luxury transaction prices were up. Truck sales were particularly strong last month, and with many trucks selling for more than $60,000, a new record was all but inevitable.” Industry analysts claim the most obvious headwinds in the new car market are generated by higher interest rates, forced by the Federal Reserve's rate hikes intended to tame inflation, and by generally limited inventory. A recent report from J.D. Power showed that the average monthly payment for a new vehicle loan in December was $718, up $47 from a year ago. But 16% of consumers in December took out loans with monthly payments of over $1,000. Consumers think vehicles, and electric vehicles especially, are way too expensive. Fortunately, manufacturersÂ’ incentives, all but extinct in the past two years, are returning, especially in the electric-vehicle and luxury market, the Kelley data suggest. Plus, "With the new tax credits on the way, electric vehicle ATPs will drop lower for qualifying vehicles,” Rydzewski said. Non-luxury brands, such as Honda and Kia, showed particularly strong performance in December, with the average price paid at $45,578 — a record high and an increase of $994 month over month. Meanwhile, the average luxury buyer paid $66,660 for a new vehicle last month. Mercedes-Benz and Land Rover showed the most price strength in the luxury market, transacting between 2.6% to 6.5% over sticker price. But luxury brands Audi, BMW, Infiniti, Lexus, Lincoln, and Volvo showed the least price strength with some discounting in effect, selling 1% or more below MSRP in December, according to the survey.