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For those of you that like Honda financial news (U know who U are LOL! :p )




American Honda Announces Price Increase


Torrance, Calif. 02/14/2005

American Honda Motor Co., Inc. today announced plans to raise prices on 2005 model year Honda and Acura vehicles an average of $150 or 0.58% on a sales weighted basis. This increase comes as a result of increased operating costs, such as rising costs of steel, and currency exchange rate factors. The increase affects all models except Honda Element, Insight, Civic LX SE and Acura NSX.

Prices on the most popular Honda car models (Accord and Civic) will increase $100 to $150, while light truck models (Pilot, Odyssey and CR-V) will increase $200. Affected Acura models will increase $200, except for the RSX, which will increase $100. The new prices become effective on vehicles assigned for delivery to Honda and Acura dealerships after February 13. Vehicles in current dealer inventories will not be affected by this change.

"We remain steadfast in our commitment to delivering products of the highest quality and value," said Thomas Elliott, executive vice president of American Honda Motor Co., Inc. "When viewed in the context of product content, performance, quality and resale value, Honda and Acura vehicles continue to offer the strongest value propositions in the industry."

The Honda Odyssey EX and LX recently received the 2005 IntelliChoice Best Overall Value of the Year award for the overall van category over $25,000 and overall van under $25,000, respectively. In addition, the Civic Sedan, Coupe and Civic Hybrid earned best value awards in the subcompact and compact classes.

For the second consecutive year, Automotive Lease Guide (ALG) recognized American Honda as the corporation with the highest predicted resale across its full product line.
 

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yeah, this isn't good. It's not a big difference, but if our exchange rate keeps plummeting they won't be able to make as much off their cars, so prices will have to go up. :bh
 

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///M3ssican said:
every company is raising costs
u sure?? and why the domestic companies raising their incentives?
 

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divinewisdom said:
becuase if they dont, they wont sell any car?
they are forced to give out incentives. its not like they want to do it all the time.
make sense
 

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dodolaje said:
make sense
plus GM, DC, and Ford have put alot of pressure on their suppliers to cut prices too within the last year. which in turns makes the suppliers cut cost, cost cutting sometimes can lead to bad quality product, bad quality product can lead to recalls.
 
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