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Honda and NHTSA report 11th death linked to Takata airbags

Honda and the National Highway Traffic Safety Administration confirmed the 11th death due to a faulty Takata airbag today. A 50-year-old California woman died from injuries sustained after the recalled airbag inflator in her 2001 Honda Civic ruptured in a crash, Automotive News reports. The Civic in question was one of 313,000 Honda/ Acura vehicles built between 2001 and 2003 with a bad Takata airbag inflator. According to AN, Honda issued an initial airbag recall in 2008, eventually sending more than 20 notices to owners of affected vehicles. NHTSA issued a dire warning in June, suggesting owners stop driving cars with recalled inflators due to the "grave danger" they posed. In the case of the 2001-2003 Hondas and Acuras, NHTSA warned of as much as a 50 percent chance an airbag inflator would rupture if it wasn't replaced in a previous recall. Between now and 2019, NHTSA plans on recalling 70 million faulty Takata inflators. But as of October 7, only about 36 percent, or 11.4 million of the officially recalled inflators, have been pulled off the road. With 11 deaths and over 100 injuries linked to faulty Takata airbags, we implore owners of recalled vehicles (regardless of the make) to heed manufacturer recalls. Yes, it's annoying to stop by the dealership, but manufacturers issue recalls for your safety. Best to pay attention to them. Related Video: News Source: Automotive News - sub. req.Image Credit: Newsome Melton / Reuters Government/Legal Recalls Honda Safety Economy Cars Sedan airbag Takata airbag recall

Clarion Builds' 1991 Acura NSX going up for auction at Barrett-Jackson

Having driven it, I can say with full confidence that Clarion Builds' tuned and restored 1991 Acura NSX is a very, very special car. If you're in the market for just such a vehicle, good news: on October 20, that very same NSX will be going up for auction at Barrett-Jackson in Las Vegas. As much as the people behind the car hate to see it leave their hands, this just makes room for another awesome project to take its place. Really, this was the final fate for the NSX all along. All proceeds from the sale will benefit the American Red Cross. At the end of its life, Clarion Builds' 1974 BMW 2002 was auctioned off, too. Rather than simply holding on to the car or selling it for profit, the company partnered with Barrett-Jackson auctions. The auction house doesn't charge a fee for charity vehicles, meaning all of the money will go toward the Red Cross. The 2002 sold in 2016 for $125,000. Clarion Builds' expects the NSX to fetch even more money. This NSX has more than 230,000 miles on the chassis. It packs a 3.2-liter supercharged V6 and a six-speed manual transmission. Everything, from the bodywork to the suspension, has been modified. The car will be showcased in Las Vegas before and after the auction alongside Clarion Builds' latest project, a 1993 BMW 850Ci. More on that car to come sometime soon. Related Video: Image Credit: Larry Chen Acura Honda Auctions Coupe Performance

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.