2011 Honda Cr-z Base Hatchback 2-door 1.5l on 2040-cars

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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.

2016 Honda HR-V First Drive [w/video]

Compact crossovers are all the rage right now, and the 2016 Honda HR-V enters the marketplace at a crucial time. This class only had three or four entries just a year or two ago, and the number of players should double this year. That equates to an estimated 236,000 sales of B-segment CUVs in 2015, more than twice last year's sales, according to AutoPacific data. Honda joins a growing list of automakers looking to cash in on expanding sales. Fiat-Chrysler has its adorably Italian Fiat 500X and tiny-tough Jeep Renegade siblings. Chevy brought its small Trax to the US market from abroad. The Nissan Juke carries on with oddball styling and zippy dynamics. And the small-boxy class sales king Kia Soul could add all-wheel drive model to further increase its appeal. The HR-V doesn't break any new ground here. It starts with the Swiss Army Knife packaging of the Fit hatchback, then adds a more powerful engine, increased ground clearance, and all-wheel drive. It's nothing revolutionary, but that's not a bad thing. In typical Honda style, the beauty lies in the execution. What we have here is an attractive, compact crossover. It looks like a puffed-up Fit, or Honda Fat if you will. At 169.1 inches in length, the HR-V is more than a foot longer than the Fit (and almost nine inches shorter than the original CR-V). But with clean, taut lines that sculpt the body sides the HR-V is anything but bloated. We particularly like the integration of the rear door handles into the C-pillar. This thing is cute, especially with the rounded nose and chiseled rear end. And the chunky, five-spoke, 17-inch alloy wheels we like so much are standard even on the base model. There are a couple of weird bits to the styling. Like the way the hood cutline spills over to the front quarter panel and the oversized, fang-shaped taillamps. But overall the HR-V looks great. It has more modern appeal than the Trax, and while the 500X and Renegade are more interesting to our eyes, the HR-V has plenty of pizzazz for folks afraid of flamboyance. That reserved charm carries on in the interior. Like the exterior, the cabin is a safe kind of stylish. Materials include a mix of fabrics and plastics on the doors, plus obligatory soft-touch surfaces abound because, you know, we're all in the habit of squeezing dashboards these days. The row of three vents in front of the passenger seat looks nice, and there's added storage underneath the center console.

2016 Honda HR-V: Long-Term Introduction

From the moment we first drove Honda's new HR-V, it was clear that this car would be a hit in the now-booming small crossover segment. Through October of this year, Honda moved 33,727 examples of its new HR-V, and last month alone, the CUV outsold its platform-mate Fit nearly three-and-a-half times over. Considering its importance not only for the segment, but for Honda as a brand, we knew a longer test of the cute little HR-V was in order. Enter our latest addition to the Autoblog long-term fleet, a mid-level HR-V EX with all-wheel drive. We chose EX because it's the volume model, representing the majority of the cars out on the road. Even so, it's incredibly well-equipped with 17-inch wheels, heated seats, a seven-inch infotainment system (that lacks navigation on this model), tinted windows, a sunroof, foglamps, a standard array of tech features, Honda's Lane Watch camera system, and more. Adding all-wheel drive was a no-brainer, considering Autoblog's headquarters in snowy metro Detroit, though this meant being forced to live with the continuously variable transmission. (Front-wheel-drive HR-Vs can be had with a pleasant six-speed manual.) Our car features the light cloth interior, and we'll be interested to see how it holds up over the course of a year. All in, the Alabaster Silver Metallic car you see here stickers for $24,115. All in, the Alabaster Silver Metallic car you see here stickers for $24,115, including $900 for destination. That means the HR-V is the least-expensive car we've ever had in the long-term fleet. Every HR-V comes with one powertrain: a 1.8-liter, naturally-aspirated inline-four, good for 141 horsepower and 127 pound-feet of torque. That's adequate considering the 3,094-pound curb weight, and allows the HR-V to return EPA-estimated fuel economy ratings of 27 miles per gallon city and 32 mpg highway. Our car arrived with only 130 miles on the odometer, so we're going to let the engine fully break in before we start tracking our observed fuel economy data. That said, the HR-V has been a hot commodity in the Autoblog fleet ever since its arrival. In its first week on the job alone, the Honda handled a road trip to northern Michigan and helped one of our staffers move. (The Magic Seats and 55.9 cubic-feet of cargo space are fantastic, by the way – more on that in a future update.) "Control layout is a lot simpler than other recent Hondas.