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Prices Paid: Buying & Leasing Experiences 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
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Replying to: IntelliShopper (Jan 06, 2009 1:37 pm) "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 
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Replying to: mplshondadlr (Jan 06, 2009 3:48 pm) 
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Replying to: mplshondadlr (Jan 06, 2009 3:48 pm) 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. |
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Replying to: kyfdx (Jan 06, 2009 1:02 pm) |
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| 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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The leasing offers are up on Honda's website, still waiting for the financing ones, I'm impatiently waiting for those since even though I have already given a 500 dlls deposit in Dec and kinda locked in w/the local honda, my car will arrive until Feb and therefore I'll be able to take advantage of the new 2009 offers.
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Replying to: jimb519 (Jan 06, 2009 3:52 am) |
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Replying to: WHLover (Jan 05, 2009 10:47 pm)
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Replying to: mplshondadlr (Jan 06, 2009 3:48 pm) Let's be honest, Honda is not gonna be looking at "overall annual" sales when coming up with rebates. They are more concerned about recent sales going back 2-3 months. Inventory is piling up everywhere. Executives can't just say "oh, no worries, our sales are only down 10% annually". The fact is, sales are down over 30% when compared to the same period last year. I'm counting on the fact there will be better deals in the next few months.
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Replying to: janice47 (Jan 07, 2009 11:46 am) Remember, that is exactly what people were saying in November and December and look what happened. Honda pulled back ALL of the low APR options with little additional dealer support. They (Honda) aren't as stressed about the current market like other manufactures. They have positioned themselves to have fewer cars produced for 2009 while still selling as many or more cars then they did in 2008. Honda builds good cars and have never had to apologize for their prices. Unlike every other brand, they have never offered a consumer rebate or zero percent financing - and they never will.
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