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The new Honda Accord has been lauded by the automotive press for its design, improved ride and interior, and noticeable increases in fuel economy. In fact, the Accord has been named North American Car of the Year. But dealers are struggling to move the new Accord off lots. In February, sales of the Accord dropped 15.8 percent when compared to the year before. According to Automotive News, inventory levels of the Accord stood at a 104-day supply at the beginning of this month - very high by Honda's sparse count. Some dealers have been turning away shipments from the Marysville, Ohio plant. "Where lease is heavy, like Florida, New York, Ohio and California, that's where we're getting hurt. When you get two cars as close as they are, it's not that much better than the Camry that people are going to pay $50, $60 [or] $80 more a month," said Rick Case, CEO of Rick Case Automotive Group. One of Case's dealers in Florida has more than 600 Accords in stock, about 200 more than its usual stock. They have turned away some Accords in January an February. Sources told Automotive News that dealers in the Miami area have turned down around 1,000 Accords since they have too many sitting on their lots. One reason is how consumers are trending towards to crossovers over midsize sedans. But dealers who spoke with Automotive News say there is another reason - the lack of attractive leasing options. The new Accord has a higher starting price than the previous-generation model which in turn raises the price of a lease. Honda's website lists a 36-month lease for the base Accord LX at $249 per month with a $3,199 down payment. Meanwhile, Toyota is offering a 36-month Camry LE lease in the Detroit area for $229 per month with a $1,999 down payment. In other regions, the Camry deal becomes even sweeter. In the Miami area, Toyota is offering a 36-month Camry LE lease for $199 per month with a $3,198 down payment. The various accolades and high-quality that have been key Accord attributes aren't working at the moment. "The quality gap has narrowed between the domestics, Honda and Toyota. When you're buying a car, you have a great story to tell a customer. When you're leasing, they say, 'Well, it has at least three years of warranty on it.' They're just renting it anyway. It is an uphill battle," said a Honda dealer in the Detroit area. Dave Conant, owner of Conant Auto Retail Group which has four Honda dealers in California says he understand why Honda isn't throwing money at the Accord at the moment due to big investment to get it on the road. But he wouldn't be shocked if the automaker offers some sort of incentive support, especially in terms of leases later in the year. "I'll be surprised if we don't see some help in April or May. They're not going to let the car sit on the lot. Without the incentive support, the payment from the car [that customers are] trading to the new one — the gap is too large. They need to do something to bring that closer, and the car will start selling and leasing well again," said Conant. Source: Automotive News (Subscription Required) -
The new Honda Accord has been lauded by the automotive press for its design, improved ride and interior, and noticeable increases in fuel economy. In fact, the Accord has been named North American Car of the Year. But dealers are struggling to move the new Accord off lots. In February, sales of the Accord dropped 15.8 percent when compared to the year before. According to Automotive News, inventory levels of the Accord stood at a 104-day supply at the beginning of this month - very high by Honda's sparse count. Some dealers have been turning away shipments from the Marysville, Ohio plant. "Where lease is heavy, like Florida, New York, Ohio and California, that's where we're getting hurt. When you get two cars as close as they are, it's not that much better than the Camry that people are going to pay $50, $60 [or] $80 more a month," said Rick Case, CEO of Rick Case Automotive Group. One of Case's dealers in Florida has more than 600 Accords in stock, about 200 more than its usual stock. They have turned away some Accords in January an February. Sources told Automotive News that dealers in the Miami area have turned down around 1,000 Accords since they have too many sitting on their lots. One reason is how consumers are trending towards to crossovers over midsize sedans. But dealers who spoke with Automotive News say there is another reason - the lack of attractive leasing options. The new Accord has a higher starting price than the previous-generation model which in turn raises the price of a lease. Honda's website lists a 36-month lease for the base Accord LX at $249 per month with a $3,199 down payment. Meanwhile, Toyota is offering a 36-month Camry LE lease in the Detroit area for $229 per month with a $1,999 down payment. In other regions, the Camry deal becomes even sweeter. In the Miami area, Toyota is offering a 36-month Camry LE lease for $199 per month with a $3,198 down payment. The various accolades and high-quality that have been key Accord attributes aren't working at the moment. "The quality gap has narrowed between the domestics, Honda and Toyota. When you're buying a car, you have a great story to tell a customer. When you're leasing, they say, 'Well, it has at least three years of warranty on it.' They're just renting it anyway. It is an uphill battle," said a Honda dealer in the Detroit area. Dave Conant, owner of Conant Auto Retail Group which has four Honda dealers in California says he understand why Honda isn't throwing money at the Accord at the moment due to big investment to get it on the road. But he wouldn't be shocked if the automaker offers some sort of incentive support, especially in terms of leases later in the year. "I'll be surprised if we don't see some help in April or May. They're not going to let the car sit on the lot. Without the incentive support, the payment from the car [that customers are] trading to the new one — the gap is too large. They need to do something to bring that closer, and the car will start selling and leasing well again," said Conant. Source: Automotive News (Subscription Required) View full article
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G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com Leaf 1.0 Leases to be extended till 2.0 is released!! If you have followed Nissan at all they have decided to starting with the month of April, allow anyone that is in a Nissan Leaf 1.0 that has a lease up to extend their lease till the end of the year when Leaf 2.0 becomes available world wide. Thus hoping to keep a good number of their existing customers from defecting to the BOLT. If you choose this, they are offering 3 months of courtesy payments and you are put on the list to get the next leaf before the general public. For more details, lessees should contact Nissan's EV call center at 855-467-3214. https://twitter.com/NissanEVnewsUS
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G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Manual Trans, Woman versus Men! Are Men becoming soft? Came across this story on Autoblog. After more than 50,000+ leases reviewed at swapalease.com shows that woman more than men enjoy driving a manual trans. Sadly this seems to point to the save the manual campaign as failing as manual auto purchases are a dying breed. According to the data, leases on Manual auto's have dropped by 22%. In 2012 85.4% of Manual Trans leases were by men, 2015 that number had dropped to 81.2%. Woman on the other hand in 2012 was 14.6% of their leases were a manual transmission but in 2015 that number has rose to 18.8%. Now more and more editorials are clarifying that as a road trip car, manuals are more fun, but as a daily driver for work, they are terrible. So what do you guys think. Is this a trend that Manuals could disappear from the roads of North America in the near future or will they survive but only in select performance based auto's or what? Sound Off
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G. David Felt Alternative Fuels & Propulsion writer www.CheersandGears.com Tucson Fuel Cell Leases Start! Hyundai started today leasing the Tucson Fuel Cell CUV in California. These leases include fuel and maintenance for 36 months. The first one rolled off the lot according to Hyundai this morning. 36 – Month Lease $2,999 due at lease signing $499 a month The Tucson is rated at 265 mile range on a tank full of Hydrogen. It takes 10 minutes to fully fuel the Tucson compared to current EVs that can take from 30 min with a level 3 charger to 14 plus hours on a 110V charging system. California is allowing those with Fuel Cell auto’s to use the HOV lanes. Hyundai for the life of the lease will come to you were ever you are to pick up the auto for maintenance and return it with a full tank and detailed. Hyundai gives the following powertrain information: Powertrain 134HP @ 5000 rpm 221lb feet of torque @ 1000 rpm Proton Exchange Membrane fuel cell with 12.4lb tank capacity at 10,000psi Fuel Cell Power 100kW Electric motor 100kW Battery type Li-Polymer Performance Maximum speed 100mph 0-62 mph 12.5 seconds Single speed Transmission FWD MPG 49 / 51 / 50 = City / Highway / Combined Dimensions Overall Length – 173.6 inches Overall Height – 65.2 inches Overall Width – 71.7 inches Head Room – 39.4 inches front, 39.1 inches rear Safety Features VSM – Vehicle Stability Management ESC – Electronic Stability Control TCS – Traction Control System ABS – Anti-lock Braking System BA – Brake Assist HAC – Hillstart Assist Control SRS – Advanced dual front airbags SRS – Duel front seat-mounted side-impact airbags For more details on how their car works and further questions with answers check out their new web page. https://www.hyundaiusa.com/tucsonfuelcell?cid=sem&k_clickid=61cce0c1-5aac-3209-5a71-0000515618f1
