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Major automakers post mixed US June sales figures

General Motors, Ford and Fiat Chrysler Automobiles NV posted declines in US new vehicle sales for June on Monday, while major Japanese automakers reported stronger figures. Once again, demand for pickup trucks and crossovers offset a decline in sedan sales. Automakers' shares rose as overall industry sales still came in above Wall Street expectations. The US auto industry is bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. Analysts had predicted that overall, US vehicle sales would fall in June for the fourth consecutive month. As the market has shown signs of cooling, automakers have hiked discounts and loosened lending terms. Car shopping website Edmunds said on Monday the average length of a car loan reached an all-time high of 69.3 months in June. "It's financially risky, leaving borrowers exposed to being upside down on their vehicles for a large chunk of their loans," said Jessica Caldwell, Edmunds' executive director of industry analysis. GM said its sales fell about 5 percent versus June 2016, but that the industry would see stronger sales in the second half of 2017 versus the first half. "Under the current economic conditions, we anticipate US retail vehicle sales will remain strong for the foreseeable future." GM shares were up 2.4 percent in morning trading, while Ford rose 3.3 percent and FCA shares jumped 6 percent. "US total sales are moderating due to an industry-wide pullback in daily rental sales, but key US economic fundamentals clearly remain positive," said GM chief economist Mustafa Mohatarem. "Under the current economic conditions, we anticipate US retail vehicle sales will remain strong for the foreseeable future." Ford said its sales for June were hit by lower fleet sales to rental agencies, businesses, and government entities, which fell 13.9 percent, while sales to consumers were flat. But it sold a record 406,464 SUVs in the first half of the year, with Explorer sales increasing 23 percent in June. And sales of the F-150 had their strongest June since 2001. On a media call, Ford executives said an initial read of automakers' sales figures indicated a seasonally adjusted annualized rate of around 17 million new vehicles for the month, which would be better than 16.6 million units analysts had predicted. FCA said June sales decreased 7 percent versus the same month a year earlier.

Analysts say Honda's growing woes in Europe not just the economy

There is no denying that the European auto market is taking its lumps right now - just ask Peugeot - but Honda might be taking this downturn on the chin a little harder than some of the other Japanese automakers doing business on the continent. Automotive News Europe is reporting that things have gotten so bad for Honda that it will be cutting 800 workers from Swindon, England plant that builds the CR-V, Civic and Jazz (a.k.a. Fit). This will be the first time Honda has made such cuts in more than 20 years.
Despite an increase in output last year over 2011 (165,607 units compared to 97,459), the Swindon plant is still running well below its full capacity (250,000/year), and its 66 percent capacity is less than the expected breakeven point of industry analysts (75 to 80 percent). Unlike in the US, however, Honda's new CR-V and Civic aren't selling well, and the similarly sized Nissan Qashqai is outselling the CR-V at a rate of more than five to one. Slow CR-V sales are blamed on a relatively high price and the crossover's conservative styling. On the complete opposite side of the spectrum, the report notes that Nissan continues to experience growth at its UK operations, leading analysts to suggest that Honda can't blame the sour economy for much of its woes.

Honda tunes HR-V, shows Baja Pilot pre-runner at SEMA

Honda has a lot more at the SEMA Show than just it's tough looking, Baja-prepped Ridgeline, but the automaker isn't really saying a whole lot about them. Even though the company has a massive gallery of photos showing off these aftermarket creations, Honda has kept details about their mods quite sparse. While the Ridgeline Baja Race Truck guns for the checkered flag, the Pilot Baja Chase Vehicle is going along for the ride in case any assistance is necessary. The crossover wears a similar Honda Racing livery as its turbocharged sibling, and the company outfits the machine with an LED bar, bumper guards, and off-road tires to get through the desert. Honda also wants buyers to know that there's tuning potential from their new HR-V. To show what's possible from the little crossover, tuners like Bisimoto Engineering, MAD Industries, Tjin Edition and Fox Marketing have some wild creations on display. The weirdest of the bunch definitely is the bizarre pink example above. The little CUV tries to look tough with a wide-body kit, new front bumper, big side sills, and a lowered suspension over metallic gold wheels. Other takes on the model make it ready for the track or to haul Honda's Grom motorcycle. Finally, the 2016 Pilot Elite Concept "Black Edition" wears production and concept components from Honda Genuine Accessories. Darkened parts for the wheels, grille, and trim give the crossover a handsome, monochromatic aesthetic. You can check out the whole SEMA cavalcade in the gallery above. Vehicles on Display in the Honda Booth at the 2015 SEMA Show Nov 3, 2015 - LAS VEGAS In additional to the Ridgeline Baja Race Truck announced today, Honda also showcased accessorized and customized versions of multiple new Honda models, including: Pilot Baja Chase Vehicle – a specially tuned 2016 Honda Pilot, in desert racing livery, which will operate as a support vehicle in Honda's SCORE Baja 1000 campaign. Pioneer 1000 – Honda's newest and most powerful side-by-side offering, also in custom desert raving livery, will accompany the Pilot Baja Chase Vehicle on the Baja peninsula to assist in the racing effort. 2016 Honda CR-Z hybrid sports coupe – making its North American debut and boasting new styling, upgraded equipment and features and a new EX-L Navi trim. 2016 Honda HR-V -- four custom-designed HR-Vs from top U.S.