2005 Honda Accord on 2040-cars

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Mugen works up 2014 Honda Fit

It turns out the Mugen really is fast. Just yesterday we got our first official look at the JDM version of the all new Honda Fit. In both Hybrid and minty-fresh RS trim, the Japanese Fit is more complexly surfaced and angular than in any of the previous generations. Mugen has apparently been working with the new Fit body for a while, as the tuning house has just released some images and information about parts for the new hatchback.
Suddenly the original Honda styling seems somewhat restrained.
Mugen has crafted body kit parts to work with both the Hybrid and RS models, right from go. Though detailed information is still a little sparse, we're told that parts include: two types of front spoilers, a bumper and a chin spoiler, side skirts, and a carbon fiber rear wing (for the RS).

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 CR-Z refresh coming this fall

Despite moving just 1,562 of them through July 2015 with sales down 33.7 percent, the Honda CR-Z is somehow still kicking in the US lineup. Honda isn't ready to give up and is even announcing a refresh for the hybrid hatchback in hopes of giving the little car a jolt. Before you get too excited, the powertrain remains unaltered for the update with the same 1.5-liter four-cylinder and IMA hybrid system making 130 horsepower. The refresh arrives in Japan in October, and according to Automotive News, the improvements arrive in the US in November. The styling sees the biggest change of the revisions. Up front, the lower air dam now slices through the grille and leads right to the foglights. A similar addition is found on the rear, as well. The brake discs grow to 15-inches, an inch larger than before. Japan gets LED headlights too, but they reportedly aren't coming here to keep prices down. To match the revised exterior, there are tech tweaks inside. An upgraded infotainment system that adds both noise cancelation and an engine sound amplifier to make those 130 ponies at least sound sporty. Another tiny change is the switch to an an electric parking brake and the addition of a center armrest. Rumors suggest Honda is considering whether to dump the hybrid in favor of a 2.0-liter turbocharged four-cylinder in the next-gen CR-Z. However, chief engineer Terukazu Torikai disagrees. When asked about the possibility of a non-electrified model, he told Automotive News, "There are no plans for that whatsoever."