I drive a 22 yr old Lincoln. It’s in perfect shape. It’s free. Insurance is lowest of all cars. Registration is $40 a year. People like me are terrible for the auto market because we don’t need to feed our egos or take on debt.
@@conservativemike3768 Driving a 2011 Prius that I bought 3 years ago for ~$2700 with only 80k miles on it. It's been great and will run for a long time to come.
Conservativemike, I drive a 2007 Toyota camry and drives great, I do not need a new car like you mentioned to feed my ego. I really don't care to have car payments
I drive a 2000 Pontiac. The AC failed this year, so I might consider changing, but the rest of the vehicle is in good shape. The rust is just starting, so I will need another car in a few years, but it will NOT be a Honda. I prefer Toyota... but a Lincoln is also an awesome car, love the smooth ride. Honda makes stiff cars for pretend racing.
I blame the scam known as USD now that the stability and trust in the dollar has fallen, the cost of everything is skyrocketing so you can blame honda, but how much has their costs gone up? thats what I need to judge how greedy they are so everyone that does business with west uses dollars, and the dollar has been revealed as a money printing fraud-I dont see a world where this isnt a problem
Test drove a 2024 CRV awd. I liked it for what it was. Dealer asking $38,500 usd. Came at me with a $44k asking for fees, taxes, and dealer BS. Wouldn’t budge on the asking price. I just walked away.
@@BradInStLouiswe are in the middle of 2024. What kind of marketing are they doing with selling a 2025 model now? Come on, here are some bits and bytes from 2028, enjoy: .......... ;-)
@@richard--s Nope. Not from the future. 2025 models most always come out in late summer or fall of prior year. I own a 2025 CR-V. Visit any Honda dealer website.
Uh, asking for taxes? You thought you were going to buy a car and not pay sales tax? Where I live, the sales tax on that asking price comes out to almost $42K. Add in destination fees (the car has to get to the dealer somehow), dealer prep fees (this is highly variable from dealer to dealer and is a point of negotiation), and title processing and BINGO! You're at $44K.
The problem is prices too high for what is basically a tool to transport you. All the bells and whistles, sensors and computers have effectively turned autos into a disposable driving phone. Now prices need to reflect this new reality.
@thystaljaard7607 the bottom of the auto market has shrank as automakers just stopped making their lower priced models in order to 'force' consumers to pay more.
Nah soon Tesla will have cybercabs driving you anywhere you want for much less than what it would cost you to run a car that was even given to you for free. Families that have garages, and are where these cabs are available at all times, may decide to use those savings to convert their garage to living space.
@nickmcconnell1291 when do prices go down to the level needed for that to work? It's already 30-40 USD for a relatively short 1-way trip where I live via taxi or ride sharing. Everyone I leave the house it would be about 60 USD a trip.
@@jeffparry2754 In todays dollars and at todays avg cost of electricity...... once robo-taxis are fully deployed and pretty much everywhere.... the cost per mile should be around .20 cents. So a 50 mile taxi ride would be $10. At first the cab rides might be the same or a little less than an uber.... but quickly will go down as more hit the road. Once prices get down low, the starbucks a few miles away will pay for you to come in and try their new latte. Better yet they will send it in a robocab to you for an additional .10 cents.
Too generic as well. All current models have same honeycomb air vents dash and lcd screens. They are reusing same parts for most all models. And Honda exteriors haven't changed much in years. I want futuristic looking vehicle like the new Prelude. But I bet it doesn't release like they showed it.
I've owned 3 Hondas, and they were all good, low cost, decent looking vehicles. Every Honda on the market today is ugly and overpriced. They also removed the Honda Fit from the North American market, which was such a moronic decision. Car manufacturers need to sell low-cost, small vehicles that get excellent gas mileage. They finally release a Fit hybrid and don't sell it to North America!? So disappointing.
We still own a Honda Fit and while its old/dated, is a great car. Will we ever buy another Honda? Not bloody likely as they are currently boring, dated and not progressing in technology or aesthetics. Like it or not, China and Korea are the antithesis of those things. Who is to blame? Japanese conservatism, poor management and complacency. This goes for the US auto brands too.
Considering the Fit seems to hold it's value well for a car some people must agree. I'm not sure Honda are calling the shots anymore, on wikipedia they list investment trusts and banks as owners.
You can't keep raising the prices of your product when your targeted consumer base has income that is STAGNANT at best. Honda and other vehicle manufacturers are pricing themselves out of the market. Their sales model is unsustainable.
Agree with you. Cars are just a commodity and China can do comodities (quote from Singapore PM). Hope China will export cheaper cars same as their electrical stuff, hardware, plastic wares....
Cars are sitting on lots. And dealers don't even want to seem to sell them in my area. Walked into several dealers. I looked around, salesman standing around watching TV at the luxury class dealers not wanting to sell a car. I walked out of all of them. Maybe they thought I didn't have money. But they all had large inventory on lots.
@@pat4005China price/quality case study. Went to the local DIY shop, bought cheapest plastic shower curtain at US$1.50 which became "paper" in 4 weeks. 2nd plastic shower curtain at US$2.20 which tore in half in about 3 months. So went to 2 dept stores and they cost about US$7 price but material was heavy. Back to DIY shop, bought a washable plastic material for US$3.60. Wanted the more expensive one at US$4.50 but only had dark colours. About 2 months so far, so can't tell how long it will last. My advice is not to go for the cheapest but a cheaper one compared to the competitor US$3.60 vs US$7.00. My only experience of Chinese cars is I have sat in 2 Chinese Geely ICE SUVs and they loòk and feel like Japanese & Western brands. By the way Geely is the owner of Volvo, Lotus, 10% of Mercedes Benz shares, Zeekr amongst others. Hope this helps you to buy Chinese made stuff in future. Cheers.
Honda needs to go back to the egg. The Accord looks like a freaking Impala. What happened to the company known for affordable, reliable vehicles? I really miss them.
This drop in demand that Honda is experiencing might have something to do with their current extortionate prices although this is common to all manufacturers these days. They are also selling a limited range of boring £50K+ SUVs which have limited demand at the best of times. Here in the UK, it costs a minimum of £27K for a Jazz, and £35K for a Civic which is ludicrous.
The reason for that is they are complex hybrids. Honda used to make Jazz, Civic and CR-V petrol and diesels in the UK. Now the only Civic available in the UK is an expensive 2L hybrid or specialist Type R with over 300hp. Honda had some success in the UK in the past but never cracked Europe and they have only ever had a tiny market share there.
I'm old enough to see the rise and boom of Honda/Toyota/Nissan and Sony/Panasonic/Sharp in the 80s. i literally witness the Japanese electronic industry decline in North America from 2010s to 2020s. Guess another decline of their automative industry is happening, might not be that fast in North America, but will see once BYD opens their plant in Mexico
America went after Japanese goods hard - we couldn’t compete so instead our Govt intervened in the free market so we could pay more for worse quality US brands we are incapable of letting the market work it
I missed the Japanese electronic industry decline. I guess because I moved to Korea, and pretty much everything here is Korean. I definitely remember the Japanese car and electronics taking over in the 70's and 80's. Today people argue in social media that there's no way they will buy anything other than a Toyota. But that's literally what I heard people saying in the 70's, except they were saying that there was no way anyone would buy a Japanese car, motorcycle, etc, etc. I think Americans in particular imagine that the US is the most important country and they think their opinion is really important. The US is definitely an important market because more people have more money to spend. But what Americans do not understand is that China is the world's largest car market. China is transitioning to a consumer economy. And what we are going to see is that Chinese consumers are going to start influencing the global marketplace.
Honda was an innovative and competitive company until the two founders died. They had so much cash they have to enter the very risky aviation business to soak all the excess cash up. Some of their product have been over priced for a while, like their generators and mowers etc. It cannot justify costing 2 to 3 times others cost just for the red paint. ? The company been taken over by risk averse accountants and the company stopped innovating . Hope they wake up one day.
@@waynerodrigue8141 Agreed, Honda lawn mowers and Generators are very good. But Honda cars lost their reliability after 2000. They lost the reliable car war to Toyota which sells 10 times more cars. If you want a reliable Honda, find a 1990's model and have it rebuilt (will cost less than a new car and will last longer too)
I live in Thailand. I have 2023 BMW 530e. I also bought BYD seal with dual motor. Now my BMW sits in the garage and I drive Seal and enjoying it more than BMW, I also bought ATTO3 for my wife. They are incredebly comfortable and very very good on the road. I love them.
In the last year in the U.K. BYD have gone from non existent to quite common. The Volvo dealer next door to work sells them as an alternative to the Chinese made Volvos.
Prices for new cars extremely high. In Europe Toyota Camry new was in 2022 32000 EUR today it is around 44000. Insane.you can't buy mid size compact hybrid for less than 40000. Who will buy it with those disaster salaries
I had a CRV it was nice but it was surprisingly a gas guzzler and was making me broke. Traded it in for a Prius and it gave me the freedom to afford to drive wherever. Now with my Tesla it costs me $4.90 us to drive 300+ miles 🙌🏼
Cost me even less with own solar electricity because it’s worthless to export electricity other than use it all as much as possible and charging evs is best solution
Exactly. Cars made between 2000 and 2010-ish IMO have a perfect combination of relatively simple mechanics with useful technology. Every car feature well thought out and actually something you need. If you want to change something, it can be DIY.
I just had to put a new engine in my 2011 CRV, Honda wanted $12,000. I got it done for half of that from a local mechanic. Their new CRV EV starts at $62,000. and they wonder why no one will buy them.
Better off buying a Tesla model Y, cheaper and less to operate esp. if you own your own home and charge there. This is esp. true if your utility has TOU rates and even more so if you have solar and net metering (not as good a deal in Calif. under NEM 3.0), great for those under NEM 2.0. Except my '20 MS comes with free SC for life of ownership, beats pumping gas, got lucky.
@@Chainyanker007 That's an awful lot of "ifs". Yet governments are trying to force everyone to buy one, whether they have those "ifs" covered or not. One size doesn't fit all.
Honda cars are so expensive now days. A base model civic costs $47,200 in Australia, are they having a laugh ? Got to be a Honda fan boy to buy it. For average consumer they are not paying almost 50 grand for a small car.
The NUMMI plant in Fremont was sold to Tesla by Toyota, not Honda. It was originally a joint venture between Toyota and GM, which ended when GM went bankrupt.
@@klardfarkus3891 Ok, clearly I misheard what he said. However, the timestamp is 5:50 not seven minutes in. Did you even watch it? If I had not watched the video, how would I have even known he said anything about the NUMMI plant? I may have made a mistake, but you are just trolling.
Quality has gone down as has reliability. They have removed performance oriented vechiles from the mix by and large and the few they do make, are not as good as competitors offerings. The vechiles they do make are way overpriced. $40K for a Honda Accord? Nearly $60K for a top trim Honda Pilot? Not a Mercedes, a Honda Pilot. For $60K. $45K for a CRV? Come on now. $44K for a 1.5 liter weak engined Acura Integra. Come on now! No wonder they are losing sales.
yes, Toyota was the leader They still make great cars, but not EVs. Honda also had a hybrid way back then I think. It is so amazing how Toyota just completely failed. Today they are still at the top in overall car sales. But they gave up the game by not pursuing EVs. Their sales are collapsing in China, and the Chinese are just starting to export cars around the world. In ten years, Chinese brands will be globally dominant. It seems very unlikely for anything to stop that. Even if automation actually ends up working, the car brands at the top are going to end up being Chinese.
Honda scheduled their UK factory for closure a couple of years before the Brexit vote in 2016. Main reason was their relative lack of sales success in the European market in general, particularly in the SUV market where they failed to capitalize on the boom in that sector in the years leading up to their decision. This was part of a process of international 'rationalisation' where a number of product lines including the European market Civic were moved back to Japan. Meanwhile the UK factories of Nissan and Toyota remain in full and profitable production. Zero to do with Brexit.
@@paulc6766 bwahahahahah Tell someone you know absolutely nothing about cars without telling them. Of all cars you choose Honda as unreliable. This is too funny 😂😂😂😂😂😂😂😂
BYD Seal dual motor is 41638 USD in Thailand. Wall charger, 1 year 1st class insurance, car registration, window film is free for any BYD models and on other Chinese cars.
Living in Norway, you can really feel what's comming. The gasoline sale is down 7,5% and diesel down 10,5% from the same mounth in 2023. In a 4 year periode the sales is down 50%. The energy stations (former gas stations), are removing gas/diesel pumps. Some are putting in chargers instead. The only reason that some of them don't remove the gas/diesel pumps all together, is because of the costs of removing the tanks in the ground. Getting 98 (E5-10?) octane is getting really hard. 95 E10 is the only standard in 75% of the stations. If this is happening in Europe and the world, I think you need to convert to flex fuel if you plan to keep the gas guzzler. The farmers have invested in ethanol. So, when the fuel sale decrease, you need to put more ethanol into the gas. That's E25 or more. Most cars can't run on that. The forcast is that Norway will have 50% EV's (NOT Including fossil cars with big batteries) on the road in 2030. Already today the station companies have plans of getting rid of a big number of stations. So, I also think that if you need fuel, it's time to start making your own moonshine....🌛
@@richardsmith579oil subsidies are way higher. Love removing subsidies. Let's start with the $US 9.000.000.000.000, soon to be $US 11.000.000.000.000. (International Monetary Fund Numbers). This is $US 38.194 in subsidies for every fossil car through oil alone!
Nice try to promote your EV dictatorship in Norway. Let us remind you norway is super rich 2nd you have huge hydroelectric power most of the world doesnt. Other reasons you have good weather to sit around waiting for stupid dangerous toxic batteries to charge up hope you dont get bbq one day with your EV sh#tbox. 😂 and good luck when they force digital ID on you and you arent allowed to start or charge your car due to climate change 😂. Also nice to pay huge taxes and subsidy EV milkfloats for other taxpayers. Truth without subsidies the EV market is a fake market it would die instantly
Honda was once known as the BMW of the east. That was when BMW was good. Now.. who even thinks about Honda? Being forgotten about is worse than being hated!
How about a bit of context here, honda's ytd global revenue up 2.6% , Tesla global revenue (vehicles) ytd down 7% . Honda posted their largest profit ever end of march 2024.
Canadian here 5 years ago bought a 2011 cts cadillac with 78000 kilometers for 13 thousand dollars original owner kept it just like new im going to keep that car as long as i can im 72 years old who can afford new vehicles now
I love honda. I am a Honda fan boy. But this is there own fault. There cars are far to expensive. Nearly 70k for the new accord. 60k for the civic. 50k for the crv. This is ridiculous.
Japanese car brands shutting down due to brexit is predominantly down to brexit. The UK tried to get some more manufacturing in its country and managed to entice Japanese car manufacturers to built cars there. Because the UK was part of the EU, the whole single market, they could export all over Europe. Now, with the UK harping about its sovereignty, the UK is no longer part of the EU and can no longer export all over Europe without all sorts of import/export controls. Thus now the Japanese car manufacturers find themselves blocked off and fenced in in the UK. Those factories are too big to produce for the UK alone and not profitable for exporting to Europe. So of course, they are all doomed.
You do know that Britain has a free trade agreement with the EU don't you? When Honda shut down its UK plant it didn't move to Europe., Honda's European & UK sales were declining anyway, nothing to do with Brexit
@@Derecq Brexit uncertainty was the final trigger. But you're right Honda didn't have large European sales to justify keeping a factory in the UK unlike Toyota and Nissan.
Listen to me car manufacturers, I don't want touch screens, I don't want high tech, I don't want gadgets, I don't even want alloy wheels with low profile tyres that get damaged easily. I want the following car, cheap, reliable with moderate power that gets good mileage with minimum additions forced on it by laws. Please build some, you may be pleasantly surprised, remember, that's how you started and became successful.
The 2003-2007 Accord Euro was peak Honda. I bought a new Jazz in 2004 for kid hauling. Great except for the flawed CVT that afflicted all examples. Said kids now roll around in 2006-2007 Accord Euros. LUXURY!
We have had 3 Honda Jazz cars, and wanted to buy a new one, but Honda are not importing Jazz/Fit into Australia so we sold our oldest Jazz and bought a second hand 2020 model. We did not consider any other car, the Jazz is just such a great design that allows it to fit a lot of music gear into the back with the seats folded down flat. Japanese makers know how to make great cars!
Honda has closed its engine plant in Ontario Canada and will start retooling it for full EVs to start in 2026. This (and the other 2-3 plants in the same location), they say, is the most productive Honda plants in the world. We will see what happens.
Nissan has closed a manufacturer ring facility in Spain. BYD has taken over that factory to build cars for the European market. This could be a win for Chinese car companies. They can take over these factories with a ready to go work force. Japan is retreating from the world's biggest markets with China ready to step up.
May not be comparable but I think it is. Went the other day to my lawn mower repair place to get a belt. This place is the warranty repair place for most brands of lawn mowers. Except for a 2 ft wide place to walk to the counter every square inch was taken up by Chinese electric mowers waiting for repairs. The owner said they are all waiting on parts from China. Got to talking. She had a rider needing a ev battery. The cost 1,000 dollars. A car is not a lawn mower but I don't trust anything made in China. I know I own Chinese made electronics but will replace if they stop working. Not worth the repair price.
A base model Civic would be great but there is no such thing anymore. All have CVT transmissions and/or hybrid. No more basic normal cars with a simple combustion engine and a manual gearshift.
An asset is anything that provides future benefits to the owner. A factory is an asset because of its ability to produce car for sale. Copy right of a bestselling novel is an asset because it generates royalty income in the future. If you have a factory making gasoline power cars that are losing sales volume and market share and has no hope of changing, the value of that factory goes down. Why can Honda keep the value of their factories unchanged? Their auditors allow them to do so. Auditors are paid by the companies they audit. So, Honda can bring pressure on their auditors to keep the value of those factories unchanged for a while. The issue is whether the decline in value is temporary or permanent. If you are in a business cycle and sales declined, it is not reasonable to ask the company to write down the value of such major assets. The transaction would be hundreds of millions of dollars. What if sales go up next year? Temporary or permanent decline in value? That is a judgement call. Since the growth of the electrical vehicle market has been explosive in the last several years, Honda could argue that the decline in value of their factory is temporary. There is a limit as to how long a temporary decline can be, before it becomes permanent, even if the factory is still working half time. When a factory closes, it is a write off. The book value of that factory goes to zero. The other side of the transaction is an expense. There goes the profit of that year. Not only that. All payments of all uncancelleable contracts related to that factory must be expensed in the same month. If Honda signed a two year contract with a landscaping company, they need to expense two years worth of payments to that landscaping company immediately because the services of that landscaping company will provide zero benefit to Honda in the future. The same rule applies to other suppliers, consultants, cleaning companies, senior managers who has a contract with Honda. That day will come when temporary decline in value of the factories becomes permanent, if Honda sales keep going down.
Honda were renowned for making quality cars, but like many car makers they've become too expensive and people are just walking away and buying elsewhere.
I used to drive a honda civic si, toyota sera and two other Toyota. Since then i try a Chinese model my first geely. Love it and never look back. It come with voice control for every models and more. And the price is much cheaper then any other cars brands. Quality is in par or better with any others brands .Value for money is my first concern. 10 15 years ago i won't even consider buying a Chinese made car.
After owning two Civics, a Prelude, an Accord and a Ridgeline, I really hate to see this happen. But I love my Tesla Model 3LR/FSD. I will never buy a gas car again.
I see maybe one brand new Honda on Australian roads per week if I'm lucky. Dealers have closed and almost no one wants the brand. The cars are overpriced. Simple as that. Chop 20% off and buyers will return.
Lawnmowers not anymore! The engines were an OK old design but many problems with the rest of it. The one we had had crummy wheels and axels. Our neighbors ran like an old hit-or-miss!
Sam I said it a long time ago that the styling of Honda ,s are no longer attractive. If a cars shape or aesthetics don't gel with me I won't buy it. Secondly the price of both Japanese and Korean cars are very expensive when compared to Chinese brands like Haval or Chery and consumers all over the world are finding more bang for their buck with the Chinese brands. Thirdly the rest of the world are seeing china leading the way to more economical transport via the development of ev,s which don't spew out poisonous fumes like petrol and diesel engined cars. The Japanese carmakers thought that ev,s were just going to be a passing fad. Even NHK are reporting that Thailand are embracing ev,s from china .
Auto manufacturers have a game plan; keep prices high and force people into leasing because they will sell leasing by stating that a lease payment will be a lot less expensive than a traditional car payment. The consumer turns the car over every 2-3 years and then they have the option of buying the used car or they have to lease another one. This plan also feeds the used car market with the older vehicles that came off lease. The auto dealers are ecstatic!!! . Just follow the money $$$$$
I paid my Honda Civic EX off a year early. It looks like new. I only use 1/2 tank gas per WEEK to work. I kept ALL maintenance up on my car. I would love to buy a new Honda Civic & keep this one. But NO car should cost $44,000! It's only a car! GEEZ. I know MANY people who also refuse to pay those prices. Not interested in EVs at all. If we can keep the lights on in storms across the country, how could we keep a car charged up? I watch 5-10 Testa owners sit in the hot 100 degrees, facing the sun, to recharge them. Then Elon Musk just announced that he's going back to gasoline. LMAO! Go back to what you did well -- basic cars, $13k. We would buy in volume!
Factories appear to me to be a risky thing unless you are the best at it. Apple contracts out all their production to Foxcon and other contract manufacturers. Fisker attempted it but were sloppy with their money in other areas but it still seemed like a good idea to me to try. Just avoid all the cost of building and maintaining a factory and pray that the middleman cost to build for you is less than it would have been to do it yourself. If I was a legacy car maker, I'd absolutely team up with another company that is successfully and profitably making EVs. If I was Honda, yeah, let BYD build your cars or, maybe team up with Tesla. I'd have Tesla build the skateboard and then buy them in bulk and build my cars around that. Honda also has to get their design act together and bring us some less polarized designs. The current Civic is a love it or hate it thing. I don't know anyone who is in the middle of that. The Accord needs some work too. It's no longer universally attractive like Accords made pre 2010. My 2 cents...
@@PelleGIT Name a single company at these scales that started out making money from the start. That said, BYD was more profitable than Tesla in EV production according to a Barron's article in may 2024. Why would the the #1/#2 EV producer team up with their immediate competitor?
@@j-joe-jeans Tesla is way more profitable than BYD. You are probably mistaking gross profit and net profit. Tesla's net margin was 13% in 2024 compared to BYD at 3% and that 3% includes hybrids so their EVs are still loss making even if BYD started making EVs in 2008 so even after 16 years they cant produce profitably. My sources: Annual Reports.
@@PelleGIT That may well be the case (net vs gross). You forget I prefaced my post with "Name a single company that started out making money..." Tesla only became net positive in 2020 (less that 4 years ago). Statista/Motley Fool (Sources) Still the question stands: Why should the #1/#2 manufacturer use the direct competitors infrastructure? What benefit would that bring to either company?
A factory is NOT an "asset" but a "cost center". If it does not need or isn't allowed to produce it looses its value. It might also be that the big Japanese boss aka the Toyota company has decided Honda has become a liability and that it will be reduced to a brand name tag. Just like the "Maybach" brand and some Italian names have just become name tags.
That's weird. Where I live (Belgium, eu), a building/factory owned by a company IS an asset. A cost is e.g. the wages of the people working in that factory, or the energy to make the factory run. Write off e.g. of the building, yes that is a cost. But as long as you write the factory of, the building/factory is an asset.
@@PelleGIT Do you know the difference between a cost and an asset? Ever heard of writing off assets? Do you even know the difference between a payment and a cost? Your reaction is not appropriate.
I have a cellphone I don't need all this crap on my vehicle. It's just transportation. Buying a vehicle isn't a good investment. They end up in the junkyard .
The UK plant closed mainly as result of the EU-Japan Free trade agreement. There were other factors such as scale and that Hondas dont sell very well in the EU/UK, In the UK its only the Jazz which is mostly bought by old people. Brexit didnt help, but it wasnt the main reason.
Honda use to be great value for basic reliable econmical car. They are no longer competing from those humble roots. Every Honda model has been size upscaled and loaded with options that add weight.
My misuss' Honda Civic bought new from 1994 died recently. RIP. Now she's driving a Model Y. It was cheaper to get that on a novated lease than a new Honda Civic. After the experience of owning Tesla EVs there's no going back to ICE cars.
Honda has a stupid marketing director. In Sydney Australia, Honda only allows 1 dealership to sell new Honda cars and parts which make people hard to buy Honda car and mechanic hard to buy Honda parts. I hate to call Honda dealership for genuine parts as i usually wait up to 20min in the phone thus i tell all customers who ask me what car to buy that don't buy a Honda.
Factories get depreciated every year and it erodes their book value on a predetermined and internationally agreed methods called GAAP - Generally accepted accounting principles. The book value never stays the same, it always decreases over time.
THE Issue IS NOT EVERY SINGLE CAR COMPANY CAN SELL 4 TO 5 MILLION CARS EVERY BLESSED YEAR ... 2O CAR COMPANIES X 5. Year in year out... Something has to break
Honda is a popular Brand 4 economic segment. You need to be big to survive. Toyota, VAG produce around11-9 mln cars per year. 3,5mln is not impressive for company. Their strengh was ICE - and hybrids + EVs are strong competition for ICE.
Makes me wonder if hondas situation is the reason why they financed me with below average credit on my honda scooter when to one else would, either way I'll take it!😅 110 miles to gallon, I've ridden over 4000 miles and it costed me under 100$ to do it, in a car your looking at over 1000$ to drive 4000 miles
Another good video! I do see the issue of having too many cars. The days of buying a new car every two years are probably over. I love my 2022 Ford Mach-e (34,000 miles / 55,000 km) and have zero intention of trading it in. Also, my 1999 Lexus with over 200,000 miles (320,000 km) runs great.
Also hybrids are going to be far too expensive to repair when out of warranty. Audi has found this and even their dealers can't fix other than throwing new parts at the cars, the emissions crap is also very difficult to fix.
I drive a 2006 ICE, no problems ever just routine maintenance on wear items, fluids, filters, belts etc. 18 year & counting will keep it another 18 years....scroo wall st, CEO's & the FJB system.
I had a Honda Accord hatchback in the 1980s. Back then, I had to wait 3 months for delivery. When my ex and I needed a 2nd car, we went back to the dealership. The salesman acted like he could care less about getting our business. We ended up buying a Nissan Sentra. I've had several cars since then and none of them was a Honda.
I've always bought Honda's but they are no longer reliable. My 2015 Honda Fit has rattle on a cold start up due to the VTC Actuator that will be cost me $2200 to fix and the problem may come back. A friend had an oil dilution problem and ended up replacing the vehicle.
Sad to see Honda go down. My first Honda a Mini Trail in 1969 at 13 years old with money I made doing farm work. Loved my Honda mowers and our 02 CRV. The local dealer in Bangkok used to post every car they sold on Facebook. Haven't seen many post from them lately.
Never understood why Honda closed Swindon UK plant it solely made the Civic Hatchback for Worldwide.markets , particularly as they moved Civic Hatchback products too America.. I know why Civic was so very popular as it was made here in the UK with Japanese quality &. efficiency.
British workers were regarded very highly within Honda as well. Their quality was exceptional so Honda did try to maintain the factory, but overall European region was losing money for Honda. Europe is still a very difficult market for most Japanese automakers. Just looking at CY2023 sales figures, Honda sold 1.48 million vehicles in North America. But they only sold 83,285 in all of Europe in 2023. Swindon was intended to be Honda's gateway factory into the EU market, but inability to penetrate the European market, and the Brexit discussions and uncertainty was the final trigger to close the plant. Swindon at full capacity could produce around 250,000 units per year, but they were only manufacturing around 109,000 per year by 2019. Due to weak sales in Europe, Honda reduced production capacity in the UK back in 2014 and focused only on Civic production for world-wide markets. Again, the quality of Swindon cars were considered extremely good by Honda. Demand was simply too small to justify a plant in Europe. And the same argument with Australian market too. Honda sells about 10,000-20,000 vehicles in all of Australia per year. They sell 4 million vehicles world-wide.
I was car shopping this year and the Honda City I tested was nice but I could buy a Mazda 2 with the features I wanted for 25% less. Maybe the City hatch competes with the pricier Mazda 3? Still, Honda not selling a smaller cheaper car is their loss.
70% of the world’s population will experience strong and rapid changes in extreme temperatures and rainfall in the next 20 years if future greenhouse gas emissions are high, new research finds. The proportion drops to 20% in a scenario where emissions are drastically curbed in order to meet global climate goals, the study says. The impacts are likely to be spread across much of the industrialized world, according to the research, which uses large climate model simulations. Deadly floods hit Morocco after A YEAR'S WORTH OF RAIN fell in 2 days. Garyville Louisianans say a major accident at a sprawling Marathon OIL refinery caused health issues. The company insists there were ‘no offsite impacts’, though residents "tasted oil" from the air in their yards. Sharks ARE DESERTING coral reefs, their natural predatory domain, as oceans heat up, a new study shows. CLIMATE CHANGE is transforming the character of the Western United States' hottest periods - making them more FREQUENT, more PERSISTENT, more HUMID and more LETHAL. Greenhouse gas emissions from the burning of fossil fuels CAUSE EXTREME HEATING by fueling higher air temperatures AND by warming ocean water. In 2022, Los Angeles recorded its all-time hottest temperature, 121 degrees, in Woodland Hills. Over the last few years, thermometers in that neighborhood have climbed to 110 degrees and HOTTER OVER two dozen times. Poland's longest river, the Vistula, on Sunday hit a record-low water level in the capital because of CLIMATE CHANGE CAUSED drought, the national weather agency said. Its level at one Warsaw measuring station fell to 3 centimeters (9 inches), beating the last record by a 2 centimeters, according to the IMGW weather institute. It's worse than in 2020, and the water LEVEL IS CONTINUING TO FALL, the institute added on X. Research from TPI Centre highlights differences in corporate decarbonization efforts. Long-term corporate climate goals are commonplace, but ALMOST ALL companies are failing to introduce interim targets OR detailed strategies that set out how they intend to deliver net zero emissions emissions by 2050, a major new report has warned. A report published this morning by the Transition Pathway Institute (TPI) Centre at the London School of Economics and Political Science reveals how the share of emissions-intensive companies with long-term climate targets aligned with recommendations from climate scientists has increased from six per cent to 28 per cent over the last four years. The State of Transition Report 2024 warns that the credibility of firms' emissions reduction efforts is ALMOST NONEXISTENT DUE TO a dearth of intermediate targets that act as MEASURABLE staging posts towards ANNOUNCED longer-term goals
In 2015 Honda switched over to the Earth Dreams DIRECT INJECTION motor in most of it’s cars. This engine is super efficient BUT has SERIOUS flaws. One of which is that by putting only direct injection and not having port as well (like Toyota does) it causes serious carbon buildup on the back sides of valves and causes a 40-50k service requirement that costs a lot of money or else tge enging runs like crap. This was a MAJOR MISTAKE for honda and it has stained their reliable reputation. Sad
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
The best solar company in Australia just installed my new solar system.
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No thanks, waste of good money. ✌️🇨🇦💪
@electricviking
Oh no, not Honka! Closing their creepy spy device factory?
I drive a 22 yr old Lincoln. It’s in perfect shape. It’s free. Insurance is lowest of all cars. Registration is $40 a year. People like me are terrible for the auto market because we don’t need to feed our egos or take on debt.
Ditto here. Who wants to spend money on depreciating asset? Not me.
@@conservativemike3768 Driving a 2011 Prius that I bought 3 years ago for ~$2700 with only 80k miles on it. It's been great and will run for a long time to come.
Conservativemike, I drive a 2007 Toyota camry and drives great, I do not need a new car like you mentioned to feed my ego. I really don't care to have car payments
I drive a 2000 Pontiac. The AC failed this year, so I might consider changing, but the rest of the vehicle is in good shape. The rust is just starting, so I will need another car in a few years, but it will NOT be a Honda. I prefer Toyota... but a Lincoln is also an awesome car, love the smooth ride. Honda makes stiff cars for pretend racing.
I'm with you my friend. I never had a car not in my entire life or even a credit card. I always drive older vehicles
Overpriced properties, overpriced cars, overpriced energy, overpriced food. All signals that a huge collapse is coming.
Indeed. A western collapse. The sheer number of stem graduates entering the market in China explains this also.
'any minute now'
It's been that way in California for the last 50 years, no collapse yet. Still humming along, go figure.
Sounds like wages are too low, then?
Collapse is already here, it’s going to get worse before it more worse.
$60k Aust dollars for a standard normal Civic sedan, are you joking. No wonder no one is buying their cars!!!
I blame the scam known as USD
now that the stability and trust in the dollar has fallen, the cost of everything is skyrocketing
so you can blame honda, but how much has their costs gone up? thats what I need to judge how greedy they are
so everyone that does business with west uses dollars, and the dollar has been revealed as a money printing fraud-I dont see a world where this isnt a problem
@sandponicsnice joke but even if those were robit made i wouldnt touch a honda crapic 😂
We Aussie can build our own, buy components we can’t supply
US and its allies spend all their money on weapons and war... China spends its money on peace and prosperity...
Japanese car getting expensive. True
Test drove a 2024 CRV awd. I liked it for what it was. Dealer asking $38,500 usd. Came at me with a $44k asking for fees, taxes, and dealer BS. Wouldn’t budge on the asking price. I just walked away.
@@BradInStLouiswe are in the middle of 2024.
What kind of marketing are they doing with selling a 2025 model now?
Come on, here are some bits and bytes from 2028, enjoy: .......... ;-)
@@richard--s Nope. Not from the future. 2025 models most always come out in late summer or fall of prior year. I own a 2025 CR-V. Visit any Honda dealer website.
Yeah, stay away from the Honda CR-AP
@@BradInStLouis Paying MSRP means you bent over and got shafted real good. You want invoice or below invoice!
Uh, asking for taxes? You thought you were going to buy a car and not pay sales tax? Where I live, the sales tax on that asking price comes out to almost $42K. Add in destination fees (the car has to get to the dealer somehow), dealer prep fees (this is highly variable from dealer to dealer and is a point of negotiation), and title processing and BINGO! You're at $44K.
The problem is prices too high for what is basically a tool to transport you. All the bells and whistles, sensors and computers have effectively turned autos into a disposable driving phone. Now prices need to reflect this new reality.
The bottom of the market has come up - even ''cheap'' cars are good enough. Premium is still that, but for less people these days it seems.
@thystaljaard7607 the bottom of the auto market has shrank as automakers just stopped making their lower priced models in order to 'force' consumers to pay more.
Nah soon Tesla will have cybercabs driving you anywhere you want for much less than what it would cost you to run a car that was even given to you for free.
Families that have garages, and are where these cabs are available at all times, may decide to use those savings to convert their garage to living space.
@nickmcconnell1291 when do prices go down to the level needed for that to work? It's already 30-40 USD for a relatively short 1-way trip where I live via taxi or ride sharing. Everyone I leave the house it would be about 60 USD a trip.
@@jeffparry2754 In todays dollars and at todays avg cost of electricity...... once robo-taxis are fully deployed and pretty much everywhere.... the cost per mile should be around .20 cents.
So a 50 mile taxi ride would be $10. At first the cab rides might be the same or a little less than an uber.... but quickly will go down as more hit the road.
Once prices get down low, the starbucks a few miles away will pay for you to come in and try their new latte. Better yet they will send it in a robocab to you for an additional .10 cents.
Hondas are now too expensive.
Too generic as well. All current models have same honeycomb air vents dash and lcd screens. They are reusing same parts for most all models. And Honda exteriors haven't changed much in years. I want futuristic looking vehicle like the new Prelude. But I bet it doesn't release like they showed it.
I think the 2024 CRV has like a fk ugly 7 in touchscreen lol, fk joke!
In Malaysia honda accord is 190k ringgit. Crazy
I've owned 3 Hondas, and they were all good, low cost, decent looking vehicles. Every Honda on the market today is ugly and overpriced. They also removed the Honda Fit from the North American market, which was such a moronic decision. Car manufacturers need to sell low-cost, small vehicles that get excellent gas mileage. They finally release a Fit hybrid and don't sell it to North America!? So disappointing.
We still own a Honda Fit and while its old/dated, is a great car. Will we ever buy another Honda? Not bloody likely as they are currently boring, dated and not progressing in technology or aesthetics. Like it or not, China and Korea are the antithesis of those things. Who is to blame? Japanese conservatism, poor management and complacency. This goes for the US auto brands too.
@@GoodBoyGoneDad I also own Fit 2010 great car and good size with back seats folded down there's tons of room 👍
@@j-joe-jeans yes still use the CD player since no Bluetooth 😅
Considering the Fit seems to hold it's value well for a car some people must agree. I'm not sure Honda are calling the shots anymore, on wikipedia they list investment trusts and banks as owners.
@@bcluett1697 hmm not a good sign for a company of its heritage and age.
You can't keep raising the prices of your product when your targeted consumer base has income that is STAGNANT at best. Honda and other vehicle manufacturers are pricing themselves out of the market. Their sales model is unsustainable.
Who can afford $40,000.00 for a 4 seat sedan that sold for $21,000 ten years ago?
$21,000 ten years ago is $40,000 today. Your house has doubled in value in that time also.
@@lauriesmith9019 True. Property taxes have doubled too, but not all incomes.
@@lauriesmith9019$21k 10 years ago is not $40k. Cumulative cpi is 32% in that time.
@@lauriesmith9019
The house is not worth double either.
@@bobmarker6812car insurance double, intrest more than double, property tax double
A base model Civil starts at 50k WTF? No wonder their sales in Australia are dropping of the cliff.
Prices of new cars are too high. China is the only country making affordable cars.
Agree with you. Cars are just a commodity and China can do comodities (quote from Singapore PM). Hope China will export cheaper cars same as their electrical stuff, hardware, plastic wares....
Cars are sitting on lots. And dealers don't even want to seem to sell them in my area. Walked into several dealers. I looked around, salesman standing around watching TV at the luxury class dealers not wanting to sell a car. I walked out of all of them. Maybe they thought I didn't have money. But they all had large inventory on lots.
@@cheekeongchan6605You mean cheap electrical stuff they make that is cheap because it is extremely poor quality and breaks down all the time?
Not new, but I see a 2023 Leaf with 15k miles for $14,500.
Courtesy Volvo in Scottsdale, Arizona.
@@pat4005China price/quality case study. Went to the local DIY shop, bought cheapest plastic shower curtain at US$1.50 which became "paper" in 4 weeks. 2nd plastic shower curtain at US$2.20 which tore in half in about 3 months. So went to 2 dept stores and they cost about US$7 price but material was heavy. Back to DIY shop, bought a washable plastic material for US$3.60. Wanted the more expensive one at US$4.50 but only had dark colours. About 2 months so far, so can't tell how long it will last. My advice is not to go for the cheapest but a cheaper one compared to the competitor US$3.60 vs US$7.00. My only experience of Chinese cars is I have sat in 2 Chinese Geely ICE SUVs and they loòk and feel like Japanese & Western brands. By the way Geely is the owner of Volvo, Lotus, 10% of Mercedes Benz shares, Zeekr amongst others. Hope this helps you to buy Chinese made stuff in future. Cheers.
Honda needs to go back to the egg. The Accord looks like a freaking Impala. What happened to the company known for affordable, reliable vehicles? I really miss them.
That Honda died 20 years ago. They couldn't keep up with Toyota. Toyota sells 10 times more cars because they won the reliability war.
This drop in demand that Honda is experiencing might have something to do with their current extortionate prices although this is common to all manufacturers these days. They are also selling a limited range of boring £50K+ SUVs which have limited demand at the best of times. Here in the UK, it costs a minimum of £27K for a Jazz, and £35K for a Civic which is ludicrous.
brexit wiil fix that. Buy british cars.
The reason for that is they are complex hybrids. Honda used to make Jazz, Civic and CR-V petrol and diesels in the UK.
Now the only Civic available in the UK is an expensive 2L hybrid or specialist Type R with over 300hp.
Honda had some success in the UK in the past but never cracked Europe and they have only ever had a tiny market share there.
Everyone's overcharging for basic cars that were twenty to thirty percent less two years ago
Exactly even garbage brands like Dodge, Chrysler, Ram and Jeep are overpriced.
I'm old enough to see the rise and boom of Honda/Toyota/Nissan and Sony/Panasonic/Sharp in the 80s. i literally witness the Japanese electronic industry decline in North America from 2010s to 2020s. Guess another decline of their automative industry is happening, might not be that fast in North America, but will see once BYD opens their plant in Mexico
@@futo I remember the best electronics said "Made in Japan "
They will stay alive as long as Chinese EV aren't available in the US.
America went after Japanese goods hard - we couldn’t compete so instead our Govt intervened in the free market so we could pay more for worse quality US brands
we are incapable of letting the market work it
I missed the Japanese electronic industry decline. I guess because I moved to Korea, and pretty much everything here is Korean. I definitely remember the Japanese car and electronics taking over in the 70's and 80's.
Today people argue in social media that there's no way they will buy anything other than a Toyota. But that's literally what I heard people saying in the 70's, except they were saying that there was no way anyone would buy a Japanese car, motorcycle, etc, etc.
I think Americans in particular imagine that the US is the most important country and they think their opinion is really important. The US is definitely an important market because more people have more money to spend. But what Americans do not understand is that China is the world's largest car market. China is transitioning to a consumer economy. And what we are going to see is that Chinese consumers are going to start influencing the global marketplace.
And with 35 trillions debt us will become less and less relevant because brics are getting rid of the dollar they don't trust anymore @@AWildBard
They have priced themselves out of the car market. More car manufacturers are following this trend soon.
Honda was an innovative and competitive company until the two founders died. They had so much cash they have to enter the very risky aviation business to soak all the excess cash up. Some of their product have been over priced for a while, like their generators and mowers etc. It cannot justify costing 2 to 3 times others cost just for the red paint. ? The company been taken over by risk averse accountants and the company stopped innovating . Hope they wake up one day.
the generator is worth the premium IMO, I went thru 2 chinese models before going with the eu3000i.. Its superior in nearly every metric
@@waynerodrigue8141 Agreed, Honda lawn mowers and Generators are very good. But Honda cars lost their reliability after 2000. They lost the reliable car war to Toyota which sells 10 times more cars. If you want a reliable Honda, find a 1990's model and have it rebuilt (will cost less than a new car and will last longer too)
I love my 2000 Honda Accord. Excellent car. Still going strong.
I live in Thailand. I have 2023 BMW 530e. I also bought BYD seal with dual motor. Now my BMW sits in the garage and I drive Seal and enjoying it more than BMW, I also bought ATTO3 for my wife. They are incredebly comfortable and very very good on the road. I love them.
In the last year in the U.K. BYD have gone from non existent to quite common. The Volvo dealer next door to work sells them as an alternative to the Chinese made Volvos.
@@MrDuncl The Chinese car company (Geely?Cherry) now owns Volvo company
@@bang4buck326geely
Prices for new cars extremely high. In Europe Toyota Camry new was in 2022 32000 EUR today it is around 44000. Insane.you can't buy mid size compact hybrid for less than 40000. Who will buy it with those disaster salaries
Overpriced is killing Honda.
I had a CRV it was nice but it was surprisingly a gas guzzler and was making me broke. Traded it in for a Prius and it gave me the freedom to afford to drive wherever. Now with my Tesla it costs me $4.90 us to drive 300+ miles 🙌🏼
You must have solar and your state mandates net metering for you to have 10c/kwh electricity rates.
@zanebrimson7777
Some places still have $0.10 kWh's Especially at night.
We have two teslas and haven’t purchased gas in over five years. I love my private home gas station …
Cost me even less with own solar electricity because it’s worthless to export electricity other than use it all as much as possible and charging evs is best solution
@@zanebrimson7777 hydro in wa state. I got 6c per kwh lol
Chuck all the gadgets in the bin and make cars people want
Amen
Exactly. Cars made between 2000 and 2010-ish IMO have a perfect combination of relatively simple mechanics with useful technology. Every car feature well thought out and actually something you need. If you want to change something, it can be DIY.
I agree, years ago we didn’t have half the unnecessary stuff that’s on modern cars now . I bet there’s a market for a basic model .
I just had to put a new engine in my 2011 CRV, Honda wanted $12,000. I got it done for half of that from a local mechanic. Their new CRV EV starts at $62,000. and they wonder why no one will buy them.
Better off buying a Tesla model Y, cheaper and less to operate esp. if you own your own home and charge there. This is esp. true if your utility has TOU rates and even more so if you have solar and net metering (not as good a deal in Calif. under NEM 3.0), great for those under NEM 2.0. Except my '20 MS comes with free SC for life of ownership, beats pumping gas, got lucky.
And their products are so outdated and ugly.
i wouldnt buy them for 20 thousand!!! government fad for sheep minds!
What engine was it? Some gold plated one?!?
@@Chainyanker007 That's an awful lot of "ifs". Yet governments are trying to force everyone to buy one, whether they have those "ifs" covered or not. One size doesn't fit all.
$32k slow boring old tech civic w wildly exaggerated fuel economy...They also played the low inventory and markups game.. Hard pass forever
Honda cars are so expensive now days. A base model civic costs $47,200 in Australia, are they having a laugh ? Got to be a Honda fan boy to buy it. For average consumer they are not paying almost 50 grand for a small car.
The NUMMI plant in Fremont was sold to Tesla by Toyota, not Honda. It was originally a joint venture between Toyota and GM, which ended when GM went bankrupt.
That is what he said at 7 minutes. RUclips should have a mechanism to prevent comments from people who have not watched the video.
@@klardfarkus3891 Ok, clearly I misheard what he said. However, the timestamp is 5:50 not seven minutes in. Did you even watch it? If I had not watched the video, how would I have even known he said anything about the NUMMI plant? I may have made a mistake, but you are just trolling.
@@ThomasBrockOnline oh I am trolling because I corrected your erroneous statement but you weren’t trolling in making your claim?
@@klardfarkus3891 No, trolling was implying that I had not watched the video, which does not make logical sense.
That Was Once Home To The GEO PRIZM! RIP!
Quality has gone down as has reliability. They have removed performance oriented vechiles from the mix by and large and the few they do make, are not as good as competitors offerings. The vechiles they do make are way overpriced. $40K for a Honda Accord? Nearly $60K for a top trim Honda Pilot? Not a Mercedes, a Honda Pilot. For $60K. $45K for a CRV? Come on now. $44K for a 1.5 liter weak engined Acura Integra. Come on now! No wonder they are losing sales.
Thanks to the pandemic and monetary policy, prices have gone about around 20% in the US in the last 5 years.
For Honda it was just a matter of time. Their cars simply looking boring. Closing down factories is the price of looking boring.
#IWasTodayYearsOld when I learned Toyota had an EV...
In 1997! RAV4 with... 95 miles range! Really #DroppedTheBall!
yes, Toyota was the leader
They still make great cars, but not EVs.
Honda also had a hybrid way back then I think.
It is so amazing how Toyota just completely failed. Today they are still at the top in overall car sales. But they gave up the game by not pursuing EVs. Their sales are collapsing in China, and the Chinese are just starting to export cars around the world. In ten years, Chinese brands will be globally dominant. It seems very unlikely for anything to stop that. Even if automation actually ends up working, the car brands at the top are going to end up being Chinese.
A non profitable compliance car. At least they didn't crush them all like GM did with their EV1.
Japan auto industry has been heading down hill for the last 5 years and they have NO plan to save themselves that will remotely work.
Honda scheduled their UK factory for closure a couple of years before the Brexit vote in 2016. Main reason was their relative lack of sales success in the European market in general, particularly in the SUV market where they failed to capitalize on the boom in that sector in the years leading up to their decision. This was part of a process of international 'rationalisation' where a number of product lines including the European market Civic were moved back to Japan. Meanwhile the UK factories of Nissan and Toyota remain in full and profitable production. Zero to do with Brexit.
I own the very first Swindon Civic sold in Ireland (March 1995).
México is reciveing a tidal wave of Chinese cars they don't stop coming, brands like Neta, Exceed, Jacoo, Baic, etc...
Better open up junkyards 😂😂😂😂😂
@@zooski1516 May also want to invest in fire extinguisher businesses. Lots of burning Chinese EVs on Chinese roads. Search youtube and you shall find.
@@zooski1516 For Honda's?
@@paulc6766 bwahahahahah
Tell someone you know absolutely nothing about cars without telling them.
Of all cars you choose Honda as unreliable. This is too funny 😂😂😂😂😂😂😂😂
@@zooski1516for VW?
BYD Seal dual motor is 41638 USD in Thailand. Wall charger, 1 year 1st class insurance, car registration, window film is free for any BYD models and on other Chinese cars.
Living in Norway, you can really feel what's comming. The gasoline sale is down 7,5% and diesel down 10,5% from the same mounth in 2023. In a 4 year periode the sales is down 50%.
The energy stations (former gas stations), are removing gas/diesel pumps. Some are putting in chargers instead.
The only reason that some of them don't remove the gas/diesel pumps all together, is because of the costs of removing the tanks in the ground.
Getting 98 (E5-10?) octane is getting really hard. 95 E10 is the only standard in 75% of the stations.
If this is happening in Europe and the world, I think you need to convert to flex fuel if you plan to keep the gas guzzler. The farmers have invested in ethanol. So, when the fuel sale decrease, you need to put more ethanol into the gas.
That's E25 or more. Most cars can't run on that. The forcast is that Norway will have 50% EV's (NOT Including fossil cars with big batteries) on the road in 2030.
Already today the station companies have plans of getting rid of a big number of stations. So, I also think that if you need fuel, it's time to start making your own moonshine....🌛
Totally down to government taxation policy.
Trying to convince yourself or others?
@@richardsmith579oil subsidies are way higher. Love removing subsidies.
Let's start with the $US 9.000.000.000.000, soon to be $US 11.000.000.000.000.
(International Monetary Fund Numbers).
This is $US 38.194 in subsidies for every fossil car through oil alone!
@@YBM2007 He is just a troll, ignore him!
Nice try to promote your EV dictatorship in Norway. Let us remind you norway is super rich 2nd you have huge hydroelectric power most of the world doesnt. Other reasons you have good weather to sit around waiting for stupid dangerous toxic batteries to charge up hope you dont get bbq one day with your EV sh#tbox. 😂 and good luck when they force digital ID on you and you arent allowed to start or charge your car due to climate change 😂. Also nice to pay huge taxes and subsidy EV milkfloats for other taxpayers. Truth without subsidies the EV market is a fake market it would die instantly
Honda was once known as the BMW of the east. That was when BMW was good. Now.. who even thinks about Honda? Being forgotten about is worse than being hated!
How about a bit of context here, honda's ytd global revenue up 2.6% , Tesla global revenue (vehicles) ytd down 7% . Honda posted their largest profit ever end of march 2024.
Due to massive cost cutting?
Canadian here 5 years ago bought a 2011 cts cadillac with 78000 kilometers for 13 thousand dollars original owner kept it just like new im going to keep that car as long as i can im 72 years old who can afford new vehicles now
I view Autos as a commodity, and not willing to pay excessive amounts for spare parts, for example.
Then you probably would want to consider Chinese made EVs.
I love honda. I am a Honda fan boy.
But this is there own fault.
There cars are far to expensive. Nearly 70k for the new accord.
60k for the civic.
50k for the crv.
This is ridiculous.
Japanese car brands shutting down due to brexit is predominantly down to brexit. The UK tried to get some more manufacturing in its country and managed to entice Japanese car manufacturers to built cars there. Because the UK was part of the EU, the whole single market, they could export all over Europe. Now, with the UK harping about its sovereignty, the UK is no longer part of the EU and can no longer export all over Europe without all sorts of import/export controls. Thus now the Japanese car manufacturers find themselves blocked off and fenced in in the UK. Those factories are too big to produce for the UK alone and not profitable for exporting to Europe. So of course, they are all doomed.
You do know that Britain has a free trade agreement with the EU don't you? When Honda shut down its UK plant it didn't move to Europe., Honda's European & UK sales were declining anyway, nothing to do with Brexit
@@Derecq Brexit uncertainty was the final trigger. But you're right Honda didn't have large European sales to justify keeping a factory in the UK unlike Toyota and Nissan.
Honda please make all your cars in japan again , the quality of ones that were ,was unmatched
100% best quality but too expensive to sell
Listen to me car manufacturers, I don't want touch screens, I don't want high tech, I don't want gadgets, I don't even want alloy wheels with low profile tyres that get damaged easily. I want the following car, cheap, reliable with moderate power that gets good mileage with minimum additions forced on it by laws. Please build some, you may be pleasantly surprised, remember, that's how you started and became successful.
Cars are too expensive, insurances are too expensive, taxes are too high.
The 2003-2007 Accord Euro was peak Honda.
I bought a new Jazz in 2004 for kid hauling.
Great except for the flawed CVT that afflicted all examples.
Said kids now roll around in 2006-2007 Accord Euros. LUXURY!
We have had 3 Honda Jazz cars, and wanted to buy a new one, but Honda are not importing Jazz/Fit into Australia so we sold our oldest Jazz and bought a second hand 2020 model. We did not consider any other car, the Jazz is just such a great design that allows it to fit a lot of music gear into the back with the seats folded down flat. Japanese makers know how to make great cars!
Yeah, we loved our Jazz, but no upgrade option.
They make great cars but are expensive and their dealers don't budge on price... People opt for other makes to get a deal
People are like "fine I'll get something else and not push it too hard""
Honada is so overpriced now you have to take a mortgage off your house to afford one
Can’t use you EBT card to buy one?
Honda has closed its engine plant in Ontario Canada and will start retooling it for full EVs to start in 2026. This (and the other 2-3 plants in the same location), they say, is the most productive Honda plants in the world. We will see what happens.
Nissan has closed a manufacturer ring facility in Spain. BYD has taken over that factory to build cars for the European market. This could be a win for Chinese car companies. They can take over these factories with a ready to go work force. Japan is retreating from the world's biggest markets with China ready to step up.
Honda bought the land in Swindon in the uk for 80 million in the 1980s. Just sold the land for 800 million. That's business
May not be comparable but I think it is. Went the other day to my lawn mower repair place to get a belt. This place is the warranty repair place for most brands of lawn mowers. Except for a 2 ft wide place to walk to the counter every square inch was taken up by Chinese electric mowers waiting for repairs. The owner said they are all waiting on parts from China. Got to talking. She had a rider needing a ev battery. The cost 1,000 dollars. A car is not a lawn mower but I don't trust anything made in China. I know I own Chinese made electronics but will replace if they stop working. Not worth the repair price.
A base model Civic would be great but there is no such thing anymore. All have CVT transmissions and/or hybrid. No more basic normal cars with a simple combustion engine and a manual gearshift.
Honda missed their opportunity with Honda e, could have mass produced one with better range & price point. Probably one of the best designed city car.
An asset is anything that provides future benefits to the owner. A factory is an asset because of its ability to produce car for sale. Copy right of a bestselling novel is an asset because it generates royalty income in the future. If you have a factory making gasoline power cars that are losing sales volume and market share and has no hope of changing, the value of that factory goes down.
Why can Honda keep the value of their factories unchanged? Their auditors allow them to do so. Auditors are paid by the companies they audit. So, Honda can bring pressure on their auditors to keep the value of those factories unchanged for a while. The issue is whether the decline in value is temporary or permanent. If you are in a business cycle and sales declined, it is not reasonable to ask the company to write down the value of such major assets. The transaction would be hundreds of millions of dollars. What if sales go up next year?
Temporary or permanent decline in value? That is a judgement call. Since the growth of the electrical vehicle market has been explosive in the last several years, Honda could argue that the decline in value of their factory is temporary. There is a limit as to how long a temporary decline can be, before it becomes permanent, even if the factory is still working half time.
When a factory closes, it is a write off. The book value of that factory goes to zero. The other side of the transaction is an expense. There goes the profit of that year. Not only that. All payments of all uncancelleable contracts related to that factory must be expensed in the same month. If Honda signed a two year contract with a landscaping company, they need to expense two years worth of payments to that landscaping company immediately because the services of that landscaping company will provide zero benefit to Honda in the future. The same rule applies to other suppliers, consultants, cleaning companies, senior managers who has a contract with Honda.
That day will come when temporary decline in value of the factories becomes permanent, if Honda sales keep going down.
An underutilized factory is a liability.
Honda were renowned for making quality cars, but like many car makers they've become too expensive and people are just walking away and buying elsewhere.
I used to drive a honda civic si, toyota sera and two other Toyota. Since then i try a Chinese model my first geely. Love it and never look back. It come with voice control for every models and more. And the price is much cheaper then any other cars brands. Quality is in par or better with any others brands .Value for money is my first concern. 10 15 years ago i won't even consider buying a Chinese made car.
After owning two Civics, a Prelude, an Accord and a Ridgeline, I really hate to see this happen. But I love my Tesla Model 3LR/FSD. I will never buy a gas car again.
I see maybe one brand new Honda on Australian roads per week if I'm lucky. Dealers have closed and almost no one wants the brand.
The cars are overpriced. Simple as that. Chop 20% off and buyers will return.
Honda is not only making cars, they build jets, lawnmowers. It is a motorcompany.
Lawnmowers not anymore! The engines were an OK old design but many problems with the rest of it. The one we had had crummy wheels and axels. Our neighbors ran like an old hit-or-miss!
How many jets do they sell.Is it enough to keep the company afloat ?
Sam I said it a long time ago that the styling of Honda ,s are no longer attractive. If a cars shape or aesthetics don't gel with me I won't buy it.
Secondly the price of both Japanese and Korean cars are very expensive when compared to Chinese brands like Haval or Chery and consumers all over the world are finding more bang for their buck with the Chinese brands.
Thirdly the rest of the world are seeing china leading the way to more economical transport via the development of ev,s which don't spew out poisonous fumes like petrol and diesel engined cars. The Japanese carmakers thought that ev,s were just going to be a passing fad. Even NHK are reporting that Thailand are embracing ev,s from china .
@WillyJaheruddin Hondas sells dreams that regular folks can't buy.
Auto manufacturers have a game plan; keep prices high and force people into leasing because they will sell leasing by stating that a lease payment will be a lot less expensive than a traditional car payment. The consumer turns the car over every 2-3 years and then they have the option of buying the used car or they have to lease another one. This plan also feeds the used car market with the older vehicles that came off lease. The auto dealers are ecstatic!!! . Just follow the money $$$$$
PCP in the UK…my family don’t have £500 in savings, yet update their cars every 3 years by leasing new one again. 🤯🤡🤯🤡
"In the future you will own nothing and be happy". (Klaus Schwab, WEF). The plan is to make us all renters and car leasors.
I paid my Honda Civic EX off a year early. It looks like new. I only use 1/2 tank gas per WEEK to work. I kept ALL maintenance up on my car. I would love to buy a new Honda Civic & keep this one. But NO car should cost $44,000! It's only a car! GEEZ. I know MANY people who also refuse to pay those prices. Not interested in EVs at all. If we can keep the lights on in storms across the country, how could we keep a car charged up? I watch 5-10 Testa owners sit in the hot 100 degrees, facing the sun, to recharge them. Then Elon Musk just announced that he's going back to gasoline. LMAO! Go back to what you did well -- basic cars, $13k. We would buy in volume!
I priced the new Honda Accord in Thailand. It was very expensive for what it is. I will buy the new model Y in 2025! Bye bye Honda you blew it!
Factories appear to me to be a risky thing unless you are the best at it. Apple contracts out all their production to Foxcon and other contract manufacturers. Fisker attempted it but were sloppy with their money in other areas but it still seemed like a good idea to me to try. Just avoid all the cost of building and maintaining a factory and pray that the middleman cost to build for you is less than it would have been to do it yourself.
If I was a legacy car maker, I'd absolutely team up with another company that is successfully and profitably making EVs. If I was Honda, yeah, let BYD build your cars or, maybe team up with Tesla. I'd have Tesla build the skateboard and then buy them in bulk and build my cars around that.
Honda also has to get their design act together and bring us some less polarized designs. The current Civic is a love it or hate it thing. I don't know anyone who is in the middle of that. The Accord needs some work too. It's no longer universally attractive like Accords made pre 2010.
My 2 cents...
A 2 cent opinion worth a lot more.
But is BYD making money on their EVs? I have yet seen any evidence of this. Better team up with Tesla since we know they make money on theirs.
@@PelleGIT Name a single company at these scales that started out making money from the start. That said, BYD was more profitable than Tesla in EV production according to a Barron's article in may 2024. Why would the the #1/#2 EV producer team up with their immediate competitor?
@@j-joe-jeans Tesla is way more profitable than BYD. You are probably mistaking gross profit and net profit. Tesla's net margin was 13% in 2024 compared to BYD at 3% and that 3% includes hybrids so their EVs are still loss making even if BYD started making EVs in 2008 so even after 16 years they cant produce profitably. My sources: Annual Reports.
@@PelleGIT That may well be the case (net vs gross). You forget I prefaced my post with "Name a single company that started out making money..." Tesla only became net positive in 2020 (less that 4 years ago).
Statista/Motley Fool (Sources)
Still the question stands: Why should the #1/#2 manufacturer use the direct competitors infrastructure? What benefit would that bring to either company?
great episode!
A factory is NOT an "asset" but a "cost center". If it does not need or isn't allowed to produce it looses its value. It might also be that the big Japanese boss aka the Toyota company has decided Honda has become a liability and that it will be reduced to a brand name tag. Just like the "Maybach" brand and some Italian names have just become name tags.
That's weird. Where I live (Belgium, eu), a building/factory owned by a company IS an asset. A cost is e.g. the wages of the people working in that factory, or the energy to make the factory run. Write off e.g. of the building, yes that is a cost. But as long as you write the factory of, the building/factory is an asset.
You should probably take a course in accounting and/or finance before you comment.
@@PelleGIT By coincidence I did study accountancy 😂. Have my degree. Honestly, there must be other rules in the USA?
@@thedreamfactory6964 Did you study Chinese GAAP? 🤣
@@PelleGIT Do you know the difference between a cost and an asset? Ever heard of writing off assets? Do you even know the difference between a payment and a cost? Your reaction is not appropriate.
I have a cellphone I don't need all this crap on my vehicle. It's just transportation. Buying a vehicle isn't a good investment. They end up in the junkyard .
Get it right.Honda closed their UK factory several years ago,not because of Brexit, but to re-read in Japan.
what is "re-read" in Japan?
The UK plant closed mainly as result of the EU-Japan Free trade agreement. There were other factors such as scale and that Hondas dont sell very well in the EU/UK, In the UK its only the Jazz which is mostly bought by old people. Brexit didnt help, but it wasnt the main reason.
I am seeing a lot of MGs on British roads. They must be taking market share from Japanese and German car makers.
Honda use to be great value for basic reliable econmical car. They are no longer competing from those humble roots. Every
Honda model has been size upscaled and loaded with options that add weight.
In Ireland I have not seen any 2024 hondas on the road. And dealers are closing.
I think we're down to about nine dealerships, the rest are "aftersales", I presume that means kaput.
That means that my Honda will soon become a vintage car !!
My misuss' Honda Civic bought new from 1994 died recently. RIP. Now she's driving a Model Y. It was cheaper to get that on a novated lease than a new Honda Civic. After the experience of owning Tesla EVs there's no going back to ICE cars.
Honda has a stupid marketing director. In Sydney Australia, Honda only allows 1 dealership to sell new Honda cars and parts which make people hard to buy Honda car and mechanic hard to buy Honda parts. I hate to call Honda dealership for genuine parts as i usually wait up to 20min in the phone thus i tell all customers who ask me what car to buy that don't buy a Honda.
I’ve owned several Hondas. Probably 12 or so. Still own three. Pilot, Ridgeline and my beautiful CB1100.
Factories get depreciated every year and it erodes their book value on a predetermined and internationally agreed methods called GAAP - Generally accepted accounting principles. The book value never stays the same, it always decreases over time.
THE Issue IS NOT EVERY SINGLE
CAR COMPANY CAN SELL
4 TO 5 MILLION CARS EVERY BLESSED YEAR ... 2O CAR COMPANIES X 5. Year in year out...
Something has to break
Honda is a popular Brand 4 economic segment. You need to be big to survive. Toyota, VAG produce around11-9 mln cars per year. 3,5mln is not impressive for company. Their strengh was ICE - and hybrids + EVs are strong competition for ICE.
Makes me wonder if hondas situation is the reason why they financed me with below average credit on my honda scooter when to one else would, either way I'll take it!😅 110 miles to gallon, I've ridden over 4000 miles and it costed me under 100$ to do it, in a car your looking at over 1000$ to drive 4000 miles
Love PBD (the ad followed Sam). He is not afraid to criticize powerful govt., to say "taxation is theft".
This is becoz Japanese Auto makers are too greedy
Cheapest materials and Tofu construction cars is what you get, but they just look good.
Steel prices are dropping through the floor, so why are cars so much money?
Another good video! I do see the issue of having too many cars. The days of buying a new car every two years are probably over. I love my 2022 Ford Mach-e (34,000 miles / 55,000 km) and have zero intention of trading it in. Also, my 1999 Lexus with over 200,000 miles (320,000 km) runs great.
Also hybrids are going to be far too expensive to repair when out of warranty. Audi has found this and even their dealers can't fix other than throwing new parts at the cars, the emissions crap is also very difficult to fix.
I have a 2009 Honda Accord Euro. It’s one of the best cars I’ve owned. It doesn’t have push to start and still has a handbrake!
I drive a 2006 ICE, no problems ever just routine maintenance on wear items, fluids, filters, belts etc. 18 year & counting will keep it another 18 years....scroo wall st, CEO's & the FJB system.
It's a strategy, sell fewer but more expensive cars.
That is a strategy that will make any traditional OEM disappear.
Carmaking is a low margin, high-volume business. They wouldn't be that dumb
Don't buy ANYTHING and let the prices collapse in cars houses etc...
I had a Honda Accord hatchback in the 1980s. Back then, I had to wait 3 months for delivery. When my ex and I needed a 2nd car, we went back to the dealership. The salesman acted like he could care less about getting our business. We ended up buying a Nissan Sentra. I've had several cars since then and none of them was a Honda.
How's your right eye? It doesn't look ok.
Yeah, get the veins in your neck scanned- my wife nearly died.
I've always bought Honda's but they are no longer reliable. My 2015 Honda Fit has rattle on a cold start up due to the VTC Actuator that will be cost me $2200 to fix and the problem may come back. A friend had an oil dilution problem and ended up replacing the vehicle.
Sad to see Honda go down. My first Honda a Mini Trail in 1969 at 13 years old with money I made doing farm work. Loved my Honda mowers and our 02 CRV. The local dealer in Bangkok used to post every car they sold on Facebook. Haven't seen many post from them lately.
Loved the sound of those mustard-colored Mini Trails!
Never understood why Honda closed Swindon UK plant it solely made the Civic Hatchback for Worldwide.markets , particularly as they moved Civic Hatchback products too America.. I know why Civic was so very popular as it was made here in the UK with Japanese quality &. efficiency.
British workers were regarded very highly within Honda as well. Their quality was exceptional so Honda did try to maintain the factory, but overall European region was losing money for Honda. Europe is still a very difficult market for most Japanese automakers.
Just looking at CY2023 sales figures, Honda sold 1.48 million vehicles in North America. But they only sold 83,285 in all of Europe in 2023. Swindon was intended to be Honda's gateway factory into the EU market, but inability to penetrate the European market, and the Brexit discussions and uncertainty was the final trigger to close the plant.
Swindon at full capacity could produce around 250,000 units per year, but they were only manufacturing around 109,000 per year by 2019. Due to weak sales in Europe, Honda reduced production capacity in the UK back in 2014 and focused only on Civic production for world-wide markets. Again, the quality of Swindon cars were considered extremely good by Honda. Demand was simply too small to justify a plant in Europe.
And the same argument with Australian market too. Honda sells about 10,000-20,000 vehicles in all of Australia per year. They sell 4 million vehicles world-wide.
Small GDI turbo engines stopped me from Buying another Honda, and I bought quite a few in the 90’s. Thanks EPA.
I was car shopping this year and the Honda City I tested was nice but I could buy a Mazda 2 with the features I wanted for 25% less. Maybe the City hatch competes with the pricier Mazda 3? Still, Honda not selling a smaller cheaper car is their loss.
70% of the world’s population will experience strong and rapid changes in extreme temperatures and rainfall in the next 20 years if future greenhouse gas emissions are high, new research finds. The proportion drops to 20% in a scenario where emissions are drastically curbed in order to meet global climate goals, the study says. The impacts are likely to be spread across much of the industrialized world, according to the research, which uses large climate model simulations. Deadly floods hit Morocco after A YEAR'S WORTH OF RAIN fell in 2 days. Garyville Louisianans say a major accident at a sprawling Marathon OIL refinery caused health issues. The company insists there were ‘no offsite impacts’, though residents "tasted oil" from the air in their yards. Sharks ARE DESERTING coral reefs, their natural predatory domain, as oceans heat up, a new study shows. CLIMATE CHANGE is transforming the character of the Western United States' hottest periods - making them more FREQUENT, more PERSISTENT, more HUMID and more LETHAL. Greenhouse gas emissions from the burning of fossil fuels CAUSE EXTREME HEATING by fueling higher air temperatures AND by warming ocean water. In 2022, Los Angeles recorded its all-time hottest temperature, 121 degrees, in Woodland Hills. Over the last few years, thermometers in that neighborhood have climbed to 110 degrees and HOTTER OVER two dozen times. Poland's longest river, the Vistula, on Sunday hit a record-low water level in the capital because of CLIMATE CHANGE CAUSED drought, the national weather agency said. Its level at one Warsaw measuring station fell to 3 centimeters (9 inches), beating the last record by a 2 centimeters, according to the IMGW weather institute. It's worse than in 2020, and the water LEVEL IS CONTINUING TO FALL, the institute added on X. Research from TPI Centre highlights differences in corporate decarbonization efforts. Long-term corporate climate goals are commonplace, but ALMOST ALL companies are failing to introduce interim targets OR detailed strategies that set out how they intend to deliver net zero emissions emissions by 2050, a major new report has warned. A report published this morning by the Transition Pathway Institute (TPI) Centre at the London School of Economics and Political Science reveals how the share of emissions-intensive companies with long-term climate targets aligned with recommendations from climate scientists has increased from six per cent to 28 per cent over the last four years. The State of Transition Report 2024 warns that the credibility of firms' emissions reduction efforts is ALMOST NONEXISTENT DUE TO a dearth of intermediate targets that act as MEASURABLE staging posts towards ANNOUNCED longer-term goals
I bought a 2012 CR-V about 5 years ago and I will keep it for as long as I can cost me 10 K still runs great
In 2015 Honda switched over to the Earth Dreams DIRECT INJECTION motor in most of it’s cars. This engine is super efficient BUT has SERIOUS flaws. One of which is that by putting only direct injection and not having port as well (like Toyota does) it causes serious carbon buildup on the back sides of valves and causes a 40-50k service requirement that costs a lot of money or else tge enging runs like crap.
This was a MAJOR MISTAKE for honda and it has stained their reliable reputation.
Sad