Torrance, Calif. 02/14/2005 --

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

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

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

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

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



http://hondanews.com/CatID3000?mid=2...46413&mime=asc

 

Love that ALG line at the end...

As I lease... I have not decided whether to get a new TL when the lease is up or buy it outright and drive it for many years to come. It certainly is the best car I've ever had. I think of my lease as an extended test drive. And I treat the car like I bought it...

Anywho... As my buyout was pretty good, and taking into account the aforementioned item from ALG, perhaps I'll buy my car after the lease no matter what and sell it outright and try to make a few bucks before diving into another new Acura!

Has anyone done that before here?

 

just checked Acura's site... sure enough, its up

 

Wow, that's interesting. Thanks for keeping us posted!

 

I know it's not a big increase but it may cause for our car's resale to also go up. That's how I took it.

 

Woohoo .. I just made enough money to cover the Supercomputers mod!!!! (even with depreciation!!)

 

Glad I got mine before the increase!!!!

 

I hope the cost increase includes new tires, door modules that work, rotors that don't warp, trannies that don't croak. AND SOME NEW F'ING CUSTOMER SERVICE EMPLOYEES.

wow.. don't know where THAT came from.

 

Asking an awful lot for $200.
Think all but last item are mostly taken care of. The last one would be priceless.

 

I just was notified today that my TL will be arriving around 2/25 - it's on the rail to SoCal.

My dealer quoted me a price on 1/29 and said he would stick with it. I hope he isn't 'pressured' to bump it up $200!