2013 Honda Civic Ex Sedan Only 65 Miles! Like New! One Owner No Reserve 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.

Honda issues stop sale on 2016 Civic with 2.0-liter engine

Honda has issued a stop sale on the 2016 Civic with the 2.0-liter four-cylinder for a problem that might allegedly lead to engine failure. The company also plans to recall and inspect the examples already with customers. Honda spokesperson Chris Martin tells Autoblog that the issue doesn't affect any Civics with the 1.5-liter turbocharged engine. "While the specific details of this action are still being determined, American Honda has provided preliminary information to the NHTSA and intends to provide more details in a formal notification to NHTSA on Friday, February 5," Martin said. After the National Highway Traffic Safety Administration acknowledges the details, Honda will issue an official statement about the problem. A post on the CivicX forum purports to have a Honda document detailing the fault. Some of the 2.0-liter engines may have missing or miss-set piston pin snap rings, which could cause damage to the pistons and other internal parts. The issue reportedly affects roughly 34,000 examples of the 2016 Civic. If the document from the CivicX forum are accurate, dealers will use a borescope to inspect the pin snap rings on the potentially affected engines. According to the forum, replacement parts are not yet available, and Honda expects to notify customers about the recall in March. Autoblog drove the turbocharged version of the 2016 Civic late in 2015 and came away fairly impressed. We loved the new engine and quiet interior but weren't so enamored with the CVT. In any case, if you're in the market for a new Civic, you may now have one more reason to consider the new turbo mill. Related Video:

Ford tumbles to second worst in Consumer Reports reliability survey, list dominated by Japanese [w/video]

It's no secret that MyFord Touch has had its share of problems since being introduced, but the most recent reliability survey from Consumer Reports shows just how much this infotainment system has affected Ford. Just two years ago, the automaker was in the top 10 for the institute's reliability rankings, but since then, it has tumbled to the second-lowest rung just above dead-last Jaguar. In addition to MyFord Touch, CR also attributes a handful of new products that have had issues right out of the gate.
Compiled from 1.2 million subscriber surveys, this year's auto reliability survey heavily favors Japanese automakers, with eight of the 10 spots hailing from Japan. Toyota brands grabbed the top three spots (Scion, Toyota and Lexus - in that order) with Mazda, Subaru, Honda and Acura filling the next four spots. The only non-Asian automaker cracking the top 10 was Audi at number eight.
Audi climbed a total of 18 spots from last year, and Cadillac and GMC round out this year's top gainers breaking into the top 15. Helping Cadillac's upward movement, the CTS Coupe was named the most reliable domestic car. Lincoln, Volvo and Chrysler join Ford on this year's biggest loser list.