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Honda Civic Prices Paid and Buying Experience

9203 messages,  Last post on Nov 26, 2009 at 4:39 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Honda Civic CRX, Honda Civic, Honda Civic del Sol, Coupe, Hatchback, Sedan


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#7928 of 9203
Re: Current offers [tupuc] by janice47
Jan 06, 2009 (11:28 am)
Reply

Replying to: tupuc (Jan 06, 2009 7:32 am)

I can't imagine that they're not gonna come out with similar offers soon. There are still plenty of 2008's on the lots, they need to get rid of them.
 
Honda sales were down over 30% in December. I'm waiting a little bit longer, haven't decided if I'm gonna get 08 or 09, we'll see.
#7929 of 9203
Re: Civic LX automatic [mikefm58] by isellhondas
Jan 06, 2009 (12:09 pm)
Reply

Replying to: mikefm58 (Jan 06, 2009 11:08 am)

Me either. How could the dirt get between the bead and the rim anyway?
#7930 of 9203
Re: Civic LX automatic [isellhondas] by kyfdx HOST
Jan 06, 2009 (1:02 pm)
Reply

Replying to: isellhondas (Jan 06, 2009 12:09 pm)

It's not dirt.... it's corrosion on the rim, breaking down the rubber on the bead of the tire...
 
If you give the rim a good wire brushing, every time the tire is off of it, you can prevent and/or fix it... But, once the rims get good and corroded, and the tires old... it is hard to fix...
 
I've had it happen on a couple of cars...
#7931 of 9203
Re: Civic LX automatic [kyfdx] by isellhondas
Jan 06, 2009 (1:15 pm)
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Replying to: kyfdx (Jan 06, 2009 1:02 pm)

Probably an East Coast thing. Not so common where I've been.
#7932 of 9203
Re: Current offers [janice47] by IntelliShopper
Jan 06, 2009 (1:37 pm)
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Replying to: janice47 (Jan 06, 2009 11:28 am)

Honda posted 37% lower sales and the inventory of backlogged cars is growing.
 
Some of the sales people show a monumental misunderstanding on who is setting the market price. The closing of car factories tells the tale. Honda and the dealers had better offer rebates. Patience is a virtue for the buyer.
#7933 of 9203
Re: Current offers [IntelliShopper] by mplshondadlr
Jan 06, 2009 (3:48 pm)
Reply

Replying to: IntelliShopper (Jan 06, 2009 1:37 pm)

Actually your figure is close but off slightly. The figure is -34.0% from the previous December. However total sales from 2007 to 2008 are down just 6.7%. In fact the numbers are as follows:
 
"Honda Division's 2008 annual sales of 1,284,261 decreased 6.7 percent compared to 2007. Honda Division's December monthly sales of 75,405 represent a decrease of 34.0 percent compared to 2007. Annual total car sales of 794,421 for the Honda Division increased 1.0 percent and set a record for the fourth consecutive year. The division's truck sales decreased by 16.9 percent to 489,840." emphasis added
 
source: http://www.hondanews.com/categories/1097/releases/4898
 
So my guess is with annual sales down less then 10% there is no reason for Honda to rush out and change the way they have been conducting retail business. They have already addressed the stacking inventory by reducing production across the board - some models as much as 40% from last year. Really what Honda is going to do is scale back production this year and reduce the number of vehicles on dealers lots. It may take 60 - 90 days but this spring I would expect dealers again to almost run out of some of the more popular models Honda offers.
 
Once this happens, it will then become a sellers market
#7934 of 9203
Re: Current offers [mplshondadlr] by backy
Jan 06, 2009 (4:08 pm)
Reply

Replying to: mplshondadlr (Jan 06, 2009 3:48 pm)

If all other major car makers follow suit, resulting in an overall shortage of new cars, and also if car buyers don't continue flocking to used cars as they have been of late, yes, that could become more of a seller's market. But I wouldn't bet the farm on it if I were you.
#7935 of 9203
Re: Current offers [mplshondadlr] by IntelliShopper
Jan 06, 2009 (4:24 pm)
Reply

Replying to: mplshondadlr (Jan 06, 2009 3:48 pm)

BusinessWeek quotes Honda Motor Co. as saying that U.S. sales plunged 35%, while sales of Honda Civics fell 36% year-over-year. These numbers are from yesterday - http://www.businessweek.com/ap/financialnews/D95H6GBG0.htm.
 
I'm pulling for Honda and Toyota. They make good cars. I am also saying, however, that reducing or eliminating the rebates at this time is a bad move. We'll buy when the price lowers and that's how you'll reduce your overstock. Lots are packed with '08s and '09s, and there's less than a half a year left until the '10s arrive. Since the banks are keeping tight with the financing loans (not a problem for me with my cash in hand), lower prices are the solution to reducing supply. Bear out this economy and then a sellers' market will return. Layoffs at the plants are becoming public now.
#7936 of 9203
Re: Civic LX automatic [kyfdx] by mikefm58
Jan 06, 2009 (5:37 pm)
Reply

Replying to: kyfdx (Jan 06, 2009 1:02 pm)

Yep, I could see that happen in the northern states that use salt on the roads in the winter.
#7937 of 9203
Alloy wheels by jimb519
Jan 06, 2009 (6:12 pm)
Reply
Thanks to all who corrected me on the alloy wheel issue. Corrosion is the issue and is not limited to the Honda alloy wheels but to others as well. They do indeed look great but I did not want to take the chance this time around. This forum has been great for all those looking to buy. Great idea by billyriz post to ask for some add ons. My dealer did not hesitate for the splash guards and all season mats.

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