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^^vv<><>BA
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February 2020

Honda Accord = down 10.1% to 18,216 units vs 20,254 units in Feb 2019


Record Truck Deliveries and Strong Car Sales Boost American Honda to February Records and 2020 Gains

March 3, 2020

  • American Honda trucks set new February record as both Honda and Acura Divisions set new benchmarks
  • American Honda sales were up 4.2%, with trucks gaining 6% and passenger cars up 2% for the month
  • Record Honda truck sales lifted the brand 4.7% in February, with multiple models seeing double-digit gains
  • Honda Civic sales climbed 11.5% in February, with Fit sales jumping 63.5%
  • Acura RDX set a new February best to push division February truck record; cars led gains, with ILX up 3.4%
Honda Sales Highlights

Hot on the heels of record February sales, Honda trucks gained an important new family member on March 1 with the launch of the 2020 CR-V Hybrid—Honda’s first electrified CUV.

  • Honda trucks gained 6.6% for best February sales: CR-V rose 7.5%, HR-V set a new record with sales up 14.4%, Ridgeline climbed 46.8%, Odyssey led its segment; and Passport posted an all-time best February, combining with stablemate Pilot to match Feb. 2019 sales.
  • With sales rising 11.5% in February, Civic showed impressive sales strength in what has been a tough market for cars.
  • Honda’s hybrid sedans—Accord and Insight—both gained in February, with Accord Hybrid up 10.7% and Insight gaining 1.6% for the month.

Acura Sales Highlights

The 1-2 punch of MDX and RDX delivered a February record for Acura trucks, with RDX itself setting a new February mark, while Acura cars led gains for the brand.

  • February sales of 4,982 units put RDX back in the record books and Acura’s stalwart MDX delivered 3,858 sales—the two combining for a new Acura February truck sales record.
  • ILX led gains for Acura in February, with a 3.4% gain on sales of 1,083 units—it’s best February since 2016.
  • TLX also gained for the month, up 2.0% on sales of 2,263 vehicles.

519089
 

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How do you think the Covid-19 will affect the sales and inventory? Any deals that the dealers might be planning for?
It'll be an absolute BLOODBATH for car sales in 2020

2nd half of Q1 and probably all of Q2 are a wash

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Car sales are starting to tank as expected going into a recession. Ford and GM are already offering 0% APR for 72 months.
84 MONTHS now and 120 days of GM covered payments.....

Same as Hyundai

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2013 Honda Accord EX-L V6 with Nav
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Car sales are starting to tank as expected going into a recession. Ford and GM are already offering 0% APR for 72 months.
Ford is only giving 0% APR 72 months only for their left over 2019. Nothing new for their 2020.
 

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HK Moderator
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^Ford still gets remembered for "not taking bail out money". GM is, however, no longer "too big to fail"- especially after closing plants and re-opening in Mexico. Every manufacturer in the USA has good relations with Congress- all will get the money they need if requested, but GM doesn't have any goodwill remaining. They have to offer the most generous terms.

How do you think the Covid-19 will affect the sales and inventory?
As it stands now, the Covid-19 virus only infects and affects living organisms such as people, pets, and of course the T-800 and T-1000 series Terminators (living tissue over metal exoskeleton). If you get a new Accord from existing inventory- even if it was assembled, parked, and stored very close to other new Accords, it won't be sick.
 

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2020 best year
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As it stands now, the Covid-19 virus only infects and affects living organisms such as people, pets, and of course the T-800 and T-1000 series Terminators (living tissue over metal exoskeleton). If you get a new Accord from existing inventory- even if it was assembled, parked, and stored very close to other new Accords, it won't be sick.
Actually, Terminators would have been fine - they don't have a respiratory system and other organs for the virus to affect, or an immune system that can overreact.

As for sales, different states are approaching this differently, some expressly allow sales, some order them to close, others leave it as a gray area and dealers are trying to do everything online/remotely. Either way, the demand won't be very high.
 

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^Nice try "UnknownJinX", or should I say "Nice try, Terminator T-1000 that touched @UnknownJinX, killed him, and can assume his likeness, identity, and online profiles in order to lure John and Sarah Conner out by making them think that all is safe"?
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Ford is only giving 0% APR 72 months only for their left over 2019. Nothing new for their 2020.
Okay? 0% is still 0%. 2019 models are not that old. Although people should read the fine print. Cannot be combined with cash incentives so it likely makes more sense to pay low interest and reap the huge cash incentives on models like Mustangs and F150s.
 

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Before I bought my 2020 Sport 2.0, I shopped around looking at 2019's. No difference. If you keep your cars a long time (>6 years), then depreciation is no longer is a concern. The loyalty cash can be combined with the low interest rate, at least it could for the $750 Loyalty cash that expired yesterday with the 1.9% finance rate that was offered in the beginning of the year.
 

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March 2020

Honda Accord = down 45.56% to 13,810 units vs 25,371 units in March 2019
Toyota Camry = down 31.22% to 23,119 units vs 33,615 units in March 2019


American Honda Reports March Auto Sales in the Face of Difficult Market Conditions

April 1, 2020

After a strong start to 2020, American Honda sales fall 48% in March due to impact of COVID-19 pandemic

Honda Sales

With sales up 0.2% after the first two months of 2020, and both brands off to a strong start in the first 10 days of March, the COVID-19 crisis quickly took its toll on March and 1st quarter sales results.

  • Considering the severe market impact, most Honda and Acura products continued to perform well in March.
  • However, combined with declining demand from cautious consumers, hundreds of Honda and Acura dealers were closed in the 2nd half of March in compliance with mandates imposed on businesses by state and local governments.
  • Honda and Acura dealers that were able to remain open did so, focusing their efforts on taking care of existing customers through vehicle service, maintenance, and repair, while preserving the health and safety of their employees.
COVID-19 Initiatives & Customer Support

  • Honda is initiating a comprehensive new effort to harness the spirit of community in responding to the challenge of the COVID-19 pandemic.
  • This includes a $1 million pledge to address the immediate needs of communities across the U.S., Canada and Mexico in providing the most vulnerable with access to food.
  • Other initiatives include the donation of Personal Protective Equipment and use of 3D printers in Honda operations to produce protective face shields for healthcare providers and other actions to help people combat the COVID-19 pandemic. For more information, click here.
  • As the COVID-19 pandemic can add financial stress to the lives of our customers, Honda and Acura have offered to help customers who have financed their vehicle through Honda Financial Services or Acura Financial Services with payment extensions and deferrals, as well as available late fee waivers.
  • Honda is also providing an industry-first special offer for first responders and medical professionals, out of respect for their contribution to our communities across the country

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Toyota Motor North America Reports March And First Quarter 2020 Sales

April 01, 2020

PLANO, Texas (April 1, 2020) – Toyota Motor North America (TMNA) today reported March 2020 sales of 135,730 vehicles, a decrease of 36.9 percent on a volume basis and down 31.8 percent on a daily selling rate (DSR) basis versus March 2019.

For the first quarter, TMNA reported sales of 495,747 vehicles, an 8.8 percent decrease on a volume and DSR basis.

Toyota division posted March sales of 120,145 units, down 35.3 percent on a volume basis and 30.1 percent on a DSR basis. For the quarter, Toyota division reported sales of 439,402 vehicles, down 7.9 percent on a volume and DSR basis.

Lexus division posted March sales of 15,585 vehicles, down 46.7 percent on a volume basis and down 42.5 percent on a DSR basis. For the quarter, Lexus reported sales of 56,345 vehicles, down 15.6 percent on a volume and DSR basis.

“During this unprecedented time, Toyota’s number one priority is on the health and safety of our team members, business partners, customers and the communities where we do business,” said Bob Carter, executive vice president of sales, TMNA. “We have teams working around the clock to ensure our customers’ needs are satisfied, and despite the ever-changing market dynamics, we continue to take appropriate actions that serve our long-term business objectives.”

March and First Quarter 2020 Highlights

  • First quarter total hybrid vehicle sales were 58,814 units, up 58.1 percent on a volume and DSR basis
  • First quarter total hybrid vehicle sales were 49,723 units, up 80.5 percent on a volume and DSR basis, led by RAV4 Hybrid and Corolla Hybrid, up 739.0 percent 367.4 percent, respectively, on a volume and DSR basis
  • March total hybrid vehicle sales were 12,882 units, up 9.0 percent of a volume basis and up 17.7 percent of a DSR basis, led by RAV4 Hybrid and Corolla Hybrid

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Normally, there would be pent up demand building from higher mileage cars needing replacement. But the shutdowns mean cars aren't driven much, so I don't know.
 

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April 2020

Honda Accord = down 54% to 8,8851 units vs 19,239 units in April 2019



American Honda Reports April Auto Sales as Difficult Market Conditions Begin to Ease

May 1, 2020

“There will be challenging days ahead as this very serious public health crisis continues, but with consumer traffic beginning to increase online and at Honda and Acura dealerships, we are approaching the coming weeks with guarded optimism,” said Steven Center, vice president of Automobile Sales at American Honda Motor Co., Inc. “We value the actions of our Honda associates and dealers as we work to align our business with changing market conditions, and we are now turning our attention to creating momentum for a broader recovery.”


Sales

Sales of Honda and Acura vehicles showed signs of improvement in the final weeks of April, with customer traffic increasing online and in dealer showrooms as state and local authorities eased restrictions on sales activities.

  • Honda and Acura dealers continue to focus on taking care of existing customers through vehicle service, maintenance and repair, while preserving the health and safety of their customers and employees.
  • A number of Honda and Acura dealers remained closed for much of April in compliance with mandates imposed on businesses by state and local authorities.
  • Last month, Honda and Acura opened enrollment in new online retailing programs, Shop Simple with Honda and Acura Precision Purchase, and received a tremendous response from Honda and Acura dealers looking for an online retailing solution to meet the needs of our customers.
  • Honda is providing an industry-first special offer for first responders and medical professionals, out of respect for their contribution to communities across the country.

COVID-19 Response Initiatives

Honda has initiated a significant and comprehensive new effort to harness the spirit of community in responding to the impact of the COVID-19 pandemic. Specific initiatives include:

  • Honda has teamed up with Dynaflo, Inc. to produce diaphragm compressors, a key component of portable ventilators that are used in hospitals and by first responders to help COVID-19 patients. The companies aim to produce 10,000 compressors per month once production reaches capacity.
  • Honda associates have been using 3D printers to produce face shields at various company operations, with Honda engineers now working on a method to mass-produce face shield frames in Honda facilities.
  • As the COVID-19 pandemic can add financial stress to the lives of our customers, Honda and Acura have offered to help customers who have financed their vehicle through Honda Financial Services or Acura Financial Services with payment extensions and deferrals, as well as available late fee waivers.
  • Honda has pledged $1.0 million to address food insecurity in communities across the U.S., Canada and Mexico, providing the most vulnerable with access to food.
  • Additional projects and contributions are in the works, check Hondanews.com for updates.

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