![]() This material may not be published, broadcast, rewritten or redistributed without permission. Honda also announced Wednesday that it will roll out an all-new HR-V subcompact SUV this year, followed by an all-new CR-V compact SUV, and a new Pilot larger SUV. Obviously, that means the brand’s cheapest models, like the Civic, will be hit the hardest. For cash-strapped young buyers emerging from a massive economic downturn, those young buyers simply aren’t looking to buy new cars right now. The omicron variant of the novel coronavirus also is starting to hit factory workers, affecting production, he said. A bottom-shelf spec 2022 Honda Civic costs 22,915 MSRP, with the hatchback sitting right around 2,000 more. Gardner said Honda continues to see shortages of chips, and that ports are still clogged, slowing the flow of parts to the point that Honda has at times had to pay extra for air freight shipments. ![]() "I think that overage that we're seeing is probably going to come down," she said. And many of those already have been sold.Īs a result, people currently are paying an average of $700 over the sticker price for an average of $46,426. ![]() She expects production increases, but says automakers have 75% fewer vehicles on dealer lots than in a normal year. "I think we're expecting that we're going to be able to build more than we were last year, but the pipeline has been emptied to such a degree," he told reporters Wednesday.Įdmunds Executive Analyst Jessica Caldwell says Honda's situation is typical of the rest of the U.S. Today it has only about 20,000, Gardner said. Last year, the automaker started with 300,000 vehicles in its U.S. this year, which would be short of last year's 1.47 million. Honda, with its Acura luxury brand, expects to sell somewhere around 1.4 million vehicles in the U.S. Non-Luxury vehicle prices: In June, car buyers paid an average transaction price of 45,291 for non-luxury vehicles. That has crimped the supply of new vehicles, in some cases driving prices higher than the window sticker. Since January, luxury prices dropped by more than 4. new vehicle prices to ease a bit from the record of more than $46,000 in December as automakers increase production, but Executive Vice President of National Operations Dave Gardner said prices won't fall to where they were before the pandemic.Ī shortage of new vehicles brought on by the global chip shortage has forced Honda and other automakers to cut factory production at a time when demand is strong. Troy Honda in Troy, MI offers new and used Honda cars, trucks, and SUVs to our customers near Rochester.
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