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Trucks, SUVs drive U.S. October new vehicle sales

DETROIT — Major automakers posted mixed U.S. new vehicle sales in October on Wednesday, though America's love affair with high-margin pickup trucks and SUVs remained in full bloom as larger, pricier vehicles fared better than passenger cars. Auto industry publication WardsAuto put the seasonally-adjusted annualized rate (SAAR) for light vehicle sales in October at a robust level of 18 million units. But after a long boom cycle, carmakers are still ill-prepared for the slight decline in sales anticipated for full-year 2017 and have taken too few steps to trim production, said Doug Mehl, a partner in consultancy A.T. Kearney's automotive practice. "When you make a new vehicle, you have volume assumptions tagged to it, and who wants to be the guy who says, 'I'm going to make less of this really cool model'?" Mehl said. "But eventually the market is the reality, and it's going to force companies one way or other here." General Motors GM reported a sales drop of 2.2 percent for the month, with consumer sales down 6.6 percent. But sales of high-margin pickup trucks, sport utility vehicles and crossovers all rose. GM also cut its inventory of unsold vehicles — a source of concern for the market — slightly. The automaker has worked to reduce its volume of excess inventory, including through significant production shutdowns in the third quarter. GM had said its inventory would rise in October. "We are heading into the fourth quarter with good momentum, thanks to a strong U.S. economy and very strong pickup and crossover sales," said Kurt McNeil, GM vice president for U.S. sales operations. GM slightly reduced consumer discounts as a percentage of average transaction prices to 13.5 percent, from 13.7 percent in the third quarter. Industry experts believe consumer discounts above 10 percent of the average transaction price are unhealthy as they erode resale values and are unsustainable in the long term. Consultants J.D. Power and LMC said last week that based on preliminary October sales numbers, discounts have exceeded 10 percent in 15 of the past 16 months. Ford The U.S. auto industry posted record sales of 17.55 million vehicles in 2016. New sales received a strong boost in September as consumers replaced vehicles damaged in southeast Texas by Hurricane Harvey the previous month. Full-year 2017 sales are expected to be slightly lower than 2016.

2016 Honda Accord EX Sedan Beauty-Roll

For those of you paying attention, we've really ramped up the old Autoblog video game these days. Our new series Car Club USA joins Translogic and The List, and there are more Daily Drivers and Short Cuts than ever. But sometimes, all you care about is the car. The Autoblog Beauty-Roll video series has one goal: bring you glossy video images of cars, and nothing but. We're collecting moving pictures of all the cars we test, inside and out. Each episode comes with a hit of engine sound – start-up and with a few revs – to round out the package. Set your resolution to max, kick it into full-screen, turn up the sound, and enjoy today's subject, the 2016 Honda Accord EX Sedan. Oh, and if you'd like more Beauty-Roll, click here to see the back catalog.

The Honda CR-Z is on the way out, at least in Japan

The poor CR-Z, misbegotten and subsequently ignored by both customers and critics. Sales have been a trickle for years, and despite a few half-hearted attempts to kick-start interest it's clear the CR-Z lacks the goods. We've been thinking about its imminent demise for years, and it's already dead in Europe and Australia. Now, the CR-Z's lackluster run is ending in Japan. Inexplicably, that'll make the US one of the last bastions of CR-Z sales in the world. The 1.5-liter engine and electric motor make a combined 130 hp and 140 lb-ft of torque in manual-transmission trim. Yes, a manual transmission hybrid. Quite a unicorn, but don't get too excited. It won't blow your socks off, as we found out in our first drive. And the CVT model, with less power, is predictably less thrilling. Like most final edition packages, the Japan-only CR-Z Final Label gets cosmetic changes, like special edition badging, unique alloy wheels, "Final Label" logos embroidered on the seats, and equipment from the higher trim levels. The attention makes sense in Japan, where collectible special edition cars are highly sought after. It seems unlikely that Honda will bother with anything more exciting than a fire-sale promotion in the US, although we've asked the company what its plans for CR-Z in North America are and will report on what they tell us. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: Honda Japan Green Honda Coupe Hatchback Hybrid honda crz