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American Honda Announces Price Increase
 Date: February 15, 2005 09:59
 Submitted by:  Tuan
 Source: Honda PR
 Credibility Rating: N/A


American Honda Motor Co., Inc. today announced plans to raise prices on 2005 model year Honda and Acura vehicles an average of $150 or 0.58% on a sales weighted basis. This increase comes as a result of increased operating costs, such as rising costs of steel, and currency exchange rate factors. The increase affects all models except Honda Element, Insight, Civic LX SE and Acura NSX.

Prices on the most popular Honda car models (Accord and Civic) will increase $100 to $150, while light truck models (Pilot, Odyssey and CR-V) will increase $200. Affected Acura models will increase $200, except for the RSX, which will increase $100. The new prices become effective on vehicles assigned for delivery to Honda and Acura dealerships after February 13. Vehicles in current dealer inventories will not be affected by this change.

"We remain steadfast in our commitment to delivering products of the highest quality and value," said Thomas Elliott, executive vice president of American Honda Motor Co., Inc. "When viewed in the context of product content, performance, quality and resale value, Honda and Acura vehicles continue to offer the strongest value propositions in the industry."

The Honda Odyssey EX and LX recently received the 2005 IntelliChoice Best Overall Value of the Year award for the overall van category over $25,000 and overall van under $25,000, respectively. In addition, the Civic Sedan, Coupe and Civic Hybrid earned best value awards in the subcompact and compact classes.

For the second consecutive year, Automotive Lease Guide (ALG) recognized American Honda as the corporation with the highest predicted resale across its full product line.

Last edited by Tuan on February 15, 2005 10:01

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Date Subject User
02-21-2005 13:37 Pricing power   (Score: 1, Normal) TonyEX
02-19-2005 19:03 Expect to see a lot more Korean cars on the road this year   (Score: 1, Normal) DZello
02-20-2005 17:25 watermelonman
02-15-2005 14:28 Canadian pricing?   (Score: 1, Normal) carquaker
02-19-2005 10:22 IXLR8
02-15-2005 12:12 Unusual...2 of the mentioned vehicles are made in Japan!   (Score: 1, Normal) Mike Freitas
02-15-2005 12:40 Colin
02-17-2005 18:17 danielgr
02-15-2005 11:43 highly abnormal?   (Score: 1, Normal) eidji
02-15-2005 15:28 SOhp101
02-16-2005 15:05 quickshift
02-16-2005 18:29 Atomic Frog
02-16-2005 21:27 mark_e-clark
02-17-2005 17:28 wanga
02-15-2005 16:51 Also... 20% reduction on all incentives..   (Score: 1, Normal) LudegarH22A7
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