| JSingh80 |
COMPANIES
Chrysler Group –12% at 137,392 (1/07: 156,308)
Ford Motor Co –4.1% at 159,914 (1/07: 166,835)
General Motors 2.1% at 252,565 (1/07: 247,464)
Honda America –2.3% at 98,511 (1/07: 100,790)
Nissan North America –7.3% at 76,605 (1/07: 82,644)
Toyota Motor Co. –2.3% at 171,849 (1/07: 175,850)
Acura –14.2% at 11,168 (1/07: 13,017)
Source: http://www.autoblog.com/2008/02/01/...s-january-2008/
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| hipcheck |
The next year will be tough for Acura. All of their cars are getting long in the tooth and no one wants the RL. Only the MDX and RDX are fresh,
Lexus was down over 8% but Mercedes was up 5%. Honda was down .5% without counting Acura. |
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| JSingh80 |
quote:
Originally posted by hipcheck
The next year will be tough for Acura. All of their cars are getting long in the tooth and no one wants the RL. Only the MDX and RDX are fresh,
Lexus was down over 8% but Mercedes was up 5%. Honda was down .5% without counting Acura.
yeah RL needs a refresh...but on the same site they said it a while ago that a refresh is coming next year and same for TSX also |
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| frenchnew |
Very different drum beat North of the Border---
Canadian January vehicle sales surge 12.8 per cent from year ago.
Sales for the month totalled 102,831 units, up from 91,180 in January 2007, according to data compiled Friday by DesRosiers Automotive consultants.
Market leader General Motors (NYSE:GM) posted an 18.1 per cent increase over a year ago to 26,509, propelled by the new Chevrolet Malibu and Cadillac CTS, while Chrysler was up 1.9 per cent at 16,836 and Ford gained 9.7 per cent to 12,708.
Honda, including its Acura premium line, surged past Toyota in sales with a 68.5 per cent year-over-year increase to 12,022, powered by its new Accord midsize sedan.
Toyota, including Lexus, advanced 3.8 per cent 10,559, and along with its sales data announced price cuts of five to 10 per cent on many models.
source: http://finance.sympatico.msn.ca/inv...umentid=6141703 |
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| JSingh80 |
quote:
Originally posted by frenchnew
Very different drum beat North of the Border---
Canadian January vehicle sales surge 12.8 per cent from year ago.
Sales for the month totalled 102,831 units, up from 91,180 in January 2007, according to data compiled Friday by DesRosiers Automotive consultants.
Market leader General Motors (NYSE:GM) posted an 18.1 per cent increase over a year ago to 26,509, propelled by the new Chevrolet Malibu and Cadillac CTS, while Chrysler was up 1.9 per cent at 16,836 and Ford gained 9.7 per cent to 12,708.
Honda, including its Acura premium line, surged past Toyota in sales with a 68.5 per cent year-over-year increase to 12,022, powered by its new Accord midsize sedan.
Toyota, including Lexus, advanced 3.8 per cent 10,559, and along with its sales data announced price cuts of five to 10 per cent on many models.
source: http://finance.sympatico.msn.ca/inv...umentid=6141703
hmm could the weak dollar have anything to do with it? |
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| frenchnew |
quote:
Originally posted by JSingh80
hmm could the weak dollar have anything to do with it?
The weak US$ did not bring any major price reduction in Canada yet.
Toyota/Lexus Canada has just announce price reduction on 16 of their models today, expect others to follow soon.
Canadian are being taken to the cleaners when we compare the prices of an MDX.
MDX Elite (Equivalent to MDX Sport with Ent Package)
$62,200 MSRP + $1,855 for Transport & Preparation = $64,055 plus taxes.
Best regards
frenchnew |
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| dory |
quote:
Originally posted by frenchnew
The weak US$ did not bring any major price reduction in Canada yet.
Toyota/Lexus Canada has just announce price reduction on 16 of their models today, expect others to follow soon.
Canadian are being taken to the cleaners when we compare the prices of an MDX.
MDX Elite (Equivalent to MDX Sport with Ent Package)
$62,200 MSRP + $1,855 for Transport & Preparation = $64,055 plus taxes.
Best regards
frenchnew
I disagree. The MDX Elite had a $9000 rebate from Acura Canada in December (and maybe November as well?), and a $7000 Acura Canada rebate in January (don't know if it's continued into February).
So, if you add roof rails to the Sport/Ent, it comes within $8100 of current Canadian price. Not perfect, but much closer. Anyone who bought in December would have been within $6000 of the U.S. pricing (kicking ourselves for not looking 5 DAYS earlier!).
We actually considered purchasing in the U.S., but we couldn't find a dealer who would sell to a Canadian, so we needed to use a family members U.S. address who lives in CA, and even out of state dealers said they had to collect the CA sales tax. It also would have cost us a min of $1500 to send one of us down to the U.S. (flight, hotel, meals). With the few costs we had, and our additional retail price discount, we came within $3600 of the U.S. retail price. If we would have had to pay CA sales tax, there would go our $3600 savings. Alternatively, we could have used a broker, but of course they have they have fees as well. And, we wouldn't have warranty or those fancy headlight washers. :) |
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| frenchnew |
quote:
Originally posted by dory
I disagree. The MDX Elite had a $9000 rebate from Acura Canada in December (and maybe November as well?), and a $7000 Acura Canada rebate in January (don't know if it's continued into February).
So, if you add roof rails to the Sport/Ent, it comes within $8100 of current Canadian price. Not perfect, but much closer. Anyone who bought in December would have been within $6000 of the U.S. pricing (kicking ourselves for not looking 5 DAYS earlier!).
We actually considered purchasing in the U.S., but we couldn't find a dealer who would sell to a Canadian, so we needed to use a family members U.S. address who lives in CA, and even out of state dealers said they had to collect the CA sales tax. It also would have cost us a min of $1500 to send one of us down to the U.S. (flight, hotel, meals). With the few costs we had, and our additional retail price discount, we came within $3600 of the U.S. retail price. If we would have had to pay CA sales tax, there would go our $3600 savings. Alternatively, we could have used a broker, but of course they have they have fees as well. And, we wouldn't have warranty or those fancy headlight washers. :)
The rebate was for those paying cash. Without the rebates, our American neighbors are getting a better deal then us Canadians. For the time being, Acura Canada offers 0.9% financing up to 36 months. while the Acura US offers 2.9% financing.
As far as those fancy headlight washers, I keep hearing nightmare stories about the need for some miraculous windshield washer fluid to prevent them from jamming.
For the warranty, you just need to drive to your nearest American Acura dealer.
I can easily live with a 10% premium to buy it in Canada because of all the social program we have. Right now, the MDX Elite is 30.9% higher in Canada ($15,122). The transport fees in the US is $715 USD, in Canada $1,855 CDN. Why such a difference?
I was told by customer service of Acura Canada in Ontario that the reason for the price difference is that they price to the market.
This means that if other manufacturers can gouge us for as much as they want, Acura should also be allowed to make insane amounts of profits on our backs.
The dealers around here have also adjusted the trade in value paid for you car. My 2005 TL with 65,000KM is only worth $20,000 according to them even if I have the Acura Extended Care Warranty for 4 years, 100, 000Km. The car is not even 3 years old, I took delivery on April 18, 2005.
So the dealers are really taking advantages of this with some Acura dealers even buying cars from the US to sell them in Canada (do a search on Autotrader.CA). |
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| dory |
quote:
Originally posted by frenchnew
The rebate was for those paying cash. Without the rebates, our American neighbors are getting a better deal then us Canadians. For the time being, Acura Canada offers 0.9% financing up to 36 months. while the Acura US offers 2.9% financing.
Well we paid cash, so like I said, the rebate worked well for us. I will agree that this doesn't help those using financing, I had forgotten about that.
quote:
Originally posted by frenchnew
As far as those fancy headlight washers, I keep hearing nightmare stories about the need for some miraculous windshield washer fluid to prevent them from jamming.
My comment was said tongue in cheek, thus the smiley face. Also, I've only read of a couple people who've had issues, that doesn't mean everyone is having issues.
quote:
Originally posted by frenchnew
For the warranty, you just need to drive to your nearest American Acura dealer.
Not according to Honda/Acura. If the vehicle is used in Canada, it doesn't have warranty in the U.S. either. Even if it did, the closest U.S. dealer to me is over 15 hours of driving ONE way, not to mention time off work to make the trip. Not exactly worth it to take it in for something minimal. And if it's something worthwhile for the drive, what I do when I get there and they realize they need to order more parts? I guess hope that I have more vacation days available and that work will actually allow me to take the time off. That also means less vacation days to spend with my family.
Now, if it's something major and my vehicle isn't drivable or has problems driving, then I can't realistically make a 12 hour trip with it.
Not everybody lives a few hours away from a major U.S. city with an Acura dealer like many in Ontario and Quebec...there are other provinces in Canada. :)
Now, if I would have saved $15,000-$20,000, I wouldn't have worried about the warranty. But with the cash incentive, it brought me close to (or ahead of if I ended up having to pay state sales tax) the U.S. pricing, so not worth it to give up the warranty.
quote:
Originally posted by frenchnew
I was told by customer service of Acura Canada in Ontario that the reason for the price difference is that they price to the market.
And isn't our market smaller than the U.S. market? I read somewhere that that is one of the reasons why we have higher pricing....less people buying.
We also have less competition in Canada. In the prairie provinces, there are only FIVE Acura dealers in the 3 provinces (1 in MB, 2 SK, 2 AB). In SK, they barely deal on the pricing because they sell every vehicle they get in. They carry VERY little stock and if you won't pay their price, someone else will, so no deal for you.
quote:
Originally posted by frenchnew
The dealers around here have also adjusted the trade in value paid for you car. My 2005 TL with 65,000KM is only worth $20,000 according to them even if I have the Acura Extended Care Warranty for 4 years, 100, 000Km. The car is not even 3 years old, I took delivery on April 18, 2005.
Does this mean they are also selling the vehicle for less? or are they still selling it at the same prices they did when they gave a higher trade-in value? I've always though trade-in prices sucked (this might be province dependent?). We always just sell our vehicles privately because of it. |
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| HwyRogue |
quote:
Originally posted by dory
We also have less competition in Canada. In the prairie provinces, there are only FIVE Acura dealers in the 3 provinces (1 in MB, 2 SK, 2 AB). In SK, they barely deal on the pricing because they sell every vehicle they get in. They carry VERY little stock and if you won't pay their price, someone else will, so no deal for you.
Right you are - I bought from Dilawri in Regina and he didn't have to move on the price due to the fact that the MDX's were selling even without dropping the price. We purchased in December and took advantage of the rebate... mind you I am kicking myself and moreso Dilawri for not telling me more about the Elite... for $2 or 3k in difference, I'd have gone to the Elite rather than the Tech. |
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| frenchnew |
quote:
Originally posted by dory
Not everybody lives a few hours away from a major U.S. city with an Acura dealer like many in Ontario and Quebec...there are other provinces in Canada. :)
And isn't our market smaller than the U.S. market? I read somewhere that that is one of the reasons why we have higher pricing....less people buying.
We also have less competition in Canada. In the prairie provinces, there are only FIVE Acura dealers in the 3 provinces (1 in MB, 2 SK, 2 AB). In SK, they barely deal on the pricing because they sell every vehicle they get in. They carry VERY little stock and if you won't pay their price, someone else will, so no deal for you.
Does this mean they are also selling the vehicle for less? or are they still selling it at the same prices they did when they gave a higher trade-in value? I've always though trade-in prices sucked (this might be province dependent?). We always just sell our vehicles privately because of it.
I do know that not every one is fortunate enough to be close to the border.
It is true that our market is smaller, approx. 10% of the US. Should this contribute to higher prices?
Look at other products like computers, TV and you will note that in the recent years the price on both side of the border are getting closer.
My theory on Canadian Car pricing is that every car is owned by their US Corporate Office as they roll out of the factories (American and Canadian factories) which are then sold to their Canadian Corporate Office with a profit. In turn the Canadian Office sells it to the Canadian Dealers at a profit which offers it to us consumers. In the US they have one less profit taking step.
As far as trade in, the dealers are still trying to get as much as possible and I have not notice any price reduction yet. |
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| LionSpeed |
quote:
Originally posted by dory
Well we paid cash, ...
Is that why they send us this pink paper a month later? :rolleyes: |
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