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Buy Now, Or Wait For the 2008 Fit?

95 messages,  Last post on Jul 19, 2007 at 5:51 PM

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What is this discussion about? Honda Fit, Hatchback


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#46 of 95
Re: Do you think the 2007 stay the same until FMC? [nippononly] by hungarian83
Aug 16, 2006 (8:47 pm)
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Replying to: nippononly (Aug 16, 2006 7:16 pm)

Not even two years...more like 9 or 10 months for Japan.
 
As for any changes for the US/Canada, I also would seriously doubt it. What North America got (vs. Japan or Europe) was the equivalent of an MMC, so the model is practically "refreshed" from just a few months ago.
 
...and as you correctly pointed out, sales for the Fit are far from suffering, so no need to change it at the current success rate.
#47 of 95
Re: Do you think the 2007 stay the same until FMC? [hungarian83] by jacksan1
Aug 20, 2006 (5:19 am)
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Replying to: hungarian83 (Aug 16, 2006 8:47 pm)

Yup, my reads of various rumors floating in Japan indicate the FMC for the Fit in Japan MAY be sometime in the spring of 2007. Be that as it may, that does not have to necessarily mean that the North American spec Fit would immediately change at that time or soon thereafter. Honda is completely capable of multi-tracking in different markets, and it is quite possible that the North American market Fit, with its late introduction, will stay on in its current iteration for sometime. That way, Honda can keep an existing line or two in Suzuka for North America's Fit, which should help Honda fully amortize its investment (rumor has it that even with the volume succes of the Fit in Japan and Europe, Honda has not yet recovered its setup cost). Mr. Yoshino, Honda's CEO at that time the Fit was released, once confided in an interview with a well-known Japanese car journalist that the Fit had a really lousy return on investment, so keeping the Fit's existing production line going for one market as Honda tools up for a complete redesign in another would make an economic sense.
 
And in October 2008, when the Greensburg IN facility is scheduled to get going, Honda will likely start tooling up for (but not necessarily immediately assembling) the new Fit for North America.
#48 of 95
so by nippononly
Aug 21, 2006 (11:46 pm)
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that's two years from now that they will begin building the revised model - just about what we thought!
#49 of 95
Re: Do you think the 2007 stay the same until FMC? [jacksan1] by hungarian83
Aug 22, 2006 (6:56 am)
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Replying to: jacksan1 (Aug 20, 2006 5:19 am)

Of course, having an existing line for the old Fit will take away from the factory that could be used for the JDM models which (if this generation is any clue) will most likely be in very high demand. I expect that a significant number of European market models will still be produced at Suzuka as well.
 
Despite the differences between the NA models and the rest of the world, they still share a huge number (great majority) of parts. This might be even more the case for the next generation since Japan and Europe will undoubtedly have updated features that the US/Canada have received for this generation: side curtain airbags, electronic throttle, etc.
Another thing is that Honda won't be able to produce anymore NA-market Fits than they already are, since the lines will be running full steam for the JDM.
 
So why would they want to produce a limited number of an old model, when they could be utilizing that line to produce an uninterupted flow of the new version?
I definitely see the point that Honda would want to amoritize the investment, but if selling ~1.5 million units hasn't done that, then making a few more US Fits probably isn't going to see much more benefit.
 
I think the question is, what makes more sense.
Attempt to amoritize the entire investment made in the Fit/Jazz, including the additional R&D, marketing, etc. made for the NA-market.
...or
Utilize the assembly lines more efficiently and create a single version, rather than trying to produce a huge amount of one model, and a small quantity of another. This of course means that Honda suppliers would also only have to make components for one car, rather than two. Then there is the fact that the new model will have advanced safety and emissions technology like ACE body structure, and much better than just a LEV-rated engine.
 
Finally, the way the Fit/Jazz was introduced around the world, some regions were bound to have it for a long time, and some for a shorter time. Rather than always having the NA-market Fit play catch-up, it would make more sense to level the playing field for the second generation and make one model that will be introduced worldwide in a matter of months, rather than years.
#50 of 95
Re: Do you think the 2007 stay the same until FMC? [hungarian83] by jacksan1
Aug 22, 2006 (8:43 am)
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Replying to: hungarian83 (Aug 22, 2006 6:56 am)

The current Suzuka line for the Fit, No. 3, has a capacity of approx. 30,000 units per month. And it is currently a dedicated Fit line. This line will most likely be converted to the next generation Fit line when it is a go in 2007. But Honda can also put the Fit through the other two lines there as needed with other models. They can run as many as eight models per line.
 
It should also be noted that many of the Fit's components are shared with other JDM Honda models, the Mobilio and Airwave, to name a couple. Honda will continue to source those shared parts so long as those models continue running. In other words, at least some of the "Fit parts" will be sourced even if the Fit itself shifts over to a different iteration.
 
Because Honda can run the next-gen Fit at full capacity in one line and put the current Fit through the other lines, and because of the continuous inflow of many shared components, my belief is that Honda will not have much of a problem running both generations of the Fit at the same time in Suzuka. And, Greenburg will take over the next-gen Fit production for North America after Fall 2008, at which time the current Fit iteration for North America should cease to exist.
 
I do grant 100% that all of the above is my own pure speculation, and I may find myself being dead wrong come 2007. But it's fun to speculate like this!
#51 of 95
Re: Do you think the 2007 stay the same until FMC? [jacksan1] by raychuang00
Aug 22, 2006 (8:43 pm)
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Replying to: jacksan1 (Aug 22, 2006 8:43 am)

I think one has to wonder how "flexible" are the Honda assembly lines in East Liberty, OH and Alliston, ON. Once the second-generation Fit arrives in Japan, Honda will likely stop producing the current Fit and build only the new model at their Suzuka plant in Japan; Honda could provide production jigs to either the East Liberty or Alliston plants so Honda could at least start production of the new Fit for the North American market before the Greensburg, IN plant comes online to build the North American-market Fit on a large scale.
#52 of 95
Arrival date of 2008 Fit? by tacopop
Sep 28, 2006 (10:24 pm)
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Interesting speculation but aside from whether the 2008 is "all new" or not, does anyone know when it will arrive? It seems the 2007 model became available in April 2006? (For someone like me who doesn't know much about cars it's hard to see how a model that arrived in the 4th month of 2006 could possibly be considered an '07, but that's another story). Is there any reason to expect a 2008 model in april of 2007? Or is the 2007 going to be considered "this year's model" for more than a full year?
#53 of 95
Re: And . . . [kipk] by arkainzeye
Dec 02, 2006 (6:44 pm)
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Replying to: kipk (Jul 19, 2006 6:36 am)

when i was at my local honda dealer he told me he personally thinks Hybrids are way over rated.he claims you need to keep the car and put at least 50,000 miles on it to begin to break even! and then you put up with the lesser acceleration, maintance etc from the hybrids. he claimed the technology just isnt there yet to make buying a hybrid worth while.
#54 of 95
Re: Arrival date of 2008 Fit? [tacopop] by ticats
Dec 06, 2006 (7:55 pm)
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Replying to: tacopop (Sep 28, 2006 10:24 pm)

I don't know what the arrival date of the 2008 will be. I do know that there will be a price increase in 2 of the models in Canada starting Jan. 2008.
 
The Sport MSRP will go up by $100 and the LX will increase by $300. Cruise control will become a standard feature in the LX beginning Jan. 2008.
#55 of 95
Re: Arrival date of 2008 Fit? [ticats] by mwqa
Dec 07, 2006 (11:26 am)
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Replying to: ticats (Dec 06, 2006 7:55 pm)

I think you mean 2007.
 
Will there be any other changes? I'd like to buy the car, but I don't FIT in it ... so I'm very interested to know if there will be any changes to the driving setup.

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