Consumer Reports provides an interesting look into the Top 10 cars purchased on Cash For Clunkers rebates and the Top 10 vehicles that were traded in.
Toyota (TM) is the clear winner with its Toyota Corolla taking the top spot, followed by the Honda with its Civic model taking the #2 spot. The Toyota Prius proved popular as well at the #6 spot. Ford is the only US manufacturer in the top 10 (Ford Focus … Read the rest
Honda announced on Friday that it is in the process of developing an electric motorcycle. Production and sales of the electric motorcycle should begin next year, in 2010, but there’s no word yet about whether or not it will be available stateside. Motorauthority.com quotes Honda’s CEO, Takeo Fukui, as stating that the electric motorcycle is aimed primarily at "newly emerging countries in regions such as Asia and South America", because "motorcycles are being used for … Read the rest
High gas prices have led many consumers to trade in gas guzzlers for more fuel efficient vehicles. This has been a boon to Japan’s top 3 auto companies, Toyota, Honda and Nissan.
As reported on MSN Money, Toyota Motors Corp’s global output rose 10.2 percent over the past year. Honda Motor Co reported an increase of 17.7 percent, and Nissan increased their output by 26.8 percent. All of the automakers are struggling to shift … Read the rest
Honda Motor (HMC) saw sales slip 2% in July, blaming profound uncertainties in the auto market. Apparently, brisk sales of hybrid cars aren’t helping to ease tough economic conditions. Fuel efficient auto sales increases 14%, while pickup truck, minivan and SUV sales tumbled 23%.
“The uncertainties in the market have been quite profound in the past few weeks,” Dick Colliver, executive vice president of sales for American Honda, said in a release. “We are adjusting … Read the rest