Acura: CL news
03-28-2003, 09:36 AM
#41
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Originally posted by AcuraFan
Generally, discontinued cars see a drop in sales. The way it sounds, Acura dealers have CLs on their lots that they just can't sell. We're not going to see a sudden increase in demand just because they stopped making a poorly selling car. So chances are, we'll see a drop in resale value for atleast for a few years. As it is, resale on the CL isn't the greatest. I highly doubt we'll see an aftermarket demand like there is/was with the Legend.
Generally, discontinued cars see a drop in sales. The way it sounds, Acura dealers have CLs on their lots that they just can't sell. We're not going to see a sudden increase in demand just because they stopped making a poorly selling car. So chances are, we'll see a drop in resale value for atleast for a few years. As it is, resale on the CL isn't the greatest. I highly doubt we'll see an aftermarket demand like there is/was with the Legend.
The VW Corrado was discontinued after only about 3-4 years of production in the U.S. because of sales as well. Nevertheless, the demand for them is high a whole ten years later. Some are being sold for as much as $13,000 today. Why is that??? Because they're not sitting on any used or even new car lots waiting to be bought by some schmuck who saw one blow past him on the interstate yesterday. My cousin recently bought one and searched for over a year and a half to find it. When he did, we drove 3 hours just so he could have it. It's a known fact that when there's less of something available, it appreciates in value.
03-28-2003, 10:50 AM
#42
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Originally posted by Rufio-1
The VW Corrado was discontinued after only about 3-4 years of production in the U.S. because of sales as well. Nevertheless, the demand for them is high a whole ten years later. Some are being sold for as much as $13,000 today. Why is that??? Because they're not sitting on any used or even new car lots waiting to be bought by some schmuck who saw one blow past him on the interstate yesterday. My cousin recently bought one and searched for over a year and a half to find it. When he did, we drove 3 hours just so he could have it. It's a known fact that when there's less of something available, it appreciates in value.
The VW Corrado was discontinued after only about 3-4 years of production in the U.S. because of sales as well. Nevertheless, the demand for them is high a whole ten years later. Some are being sold for as much as $13,000 today. Why is that??? Because they're not sitting on any used or even new car lots waiting to be bought by some schmuck who saw one blow past him on the interstate yesterday. My cousin recently bought one and searched for over a year and a half to find it. When he did, we drove 3 hours just so he could have it. It's a known fact that when there's less of something available, it appreciates in value.
03-28-2003, 01:32 PM
#43
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Originally posted by blackmagiCL_S
Why is is so hard to believe that maybe Acura is either taking a year off from the CL (didn't they do this between gen1 and gen2?)
Why is is so hard to believe that maybe Acura is either taking a year off from the CL (didn't they do this between gen1 and gen2?)
Originally posted by Rufio-1
The VW Corrado was discontinued after only about 3-4 years of production in the U.S. because of sales as well. Nevertheless, the demand for them is high a whole ten years later. Some are being sold for as much as $13,000 today. Why is that???
The VW Corrado was discontinued after only about 3-4 years of production in the U.S. because of sales as well. Nevertheless, the demand for them is high a whole ten years later. Some are being sold for as much as $13,000 today. Why is that???
For more Corrado info check out the vwvortex
03-31-2003, 02:32 AM
#44
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The CL will suffer the same fate as the Lude......not enough sales although they are both great cars.
I agree with bringing back a Prelude, under the Honda name, and a more "luxurious" twin for Acura, kind of like the 350Z/G35 models.......oh well. It won't happen.
I agree with bringing back a Prelude, under the Honda name, and a more "luxurious" twin for Acura, kind of like the 350Z/G35 models.......oh well. It won't happen.
03-31-2003, 11:32 AM
#45
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Originally posted by dat.silver.lude
The CL will suffer the same fate as the Lude......not enough sales although they are both great cars.
I agree with bringing back a Prelude, under the Honda name, and a more "luxurious" twin for Acura, kind of like the 350Z/G35 models.......oh well. It won't happen.
The CL will suffer the same fate as the Lude......not enough sales although they are both great cars.
I agree with bringing back a Prelude, under the Honda name, and a more "luxurious" twin for Acura, kind of like the 350Z/G35 models.......oh well. It won't happen.
04-05-2003, 12:28 AM
#46
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Honda Motor cancels Acura Cl coupe
TORRANCE, Calif. -- Honda Motor Co., Japan's second-biggest carmaker, is scrapping the Acura CL coupe after a drop in sales and is pricing the new Acura TSX sport sedan below rival models from Toyota Motor Corp.'s Lexus and Bayerische Motoren Werke AG's BMW to boost the brand's average sales growth. The 2004 TSX went on sale Thursday for $26,490, Acura spokesman Matt Pearson said. The sports car costs at least $1,000 less than models Honda identified as its main competitors. CL coupe sales dropped 25 percent in March from the year before and posted a 35 percent decline in the first quarter.
04-05-2003, 12:00 PM
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Originally posted by AcuraFan
Generally, discontinued cars see a drop in sales. The way it sounds, Acura dealers have CLs on their lots that they just can't sell. We're not going to see a sudden increase in demand just because they stopped making a poorly selling car. So chances are, we'll see a drop in resale value for atleast for a few years. As it is, resale on the CL isn't the greatest. I highly doubt we'll see an aftermarket demand like there is/was with the Legend.
Generally, discontinued cars see a drop in sales. The way it sounds, Acura dealers have CLs on their lots that they just can't sell. We're not going to see a sudden increase in demand just because they stopped making a poorly selling car. So chances are, we'll see a drop in resale value for atleast for a few years. As it is, resale on the CL isn't the greatest. I highly doubt we'll see an aftermarket demand like there is/was with the Legend.
04-05-2003, 12:11 PM
#50
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Originally posted by heyitsme
Nissan Motor Co is Japan's second-biggest carmaker
Nissan Motor Co is Japan's second-biggest carmaker
04-05-2003, 01:04 PM
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Originally posted by dual6spd'r
I would tend to agree with you, especially in the short term, but I have to wonder - What was the general consensus when they discontinued the Legend?
I would tend to agree with you, especially in the short term, but I have to wonder - What was the general consensus when they discontinued the Legend?
04-05-2003, 07:53 PM
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i was refering to this:
Automotive News / February 03, 2003
TOKYO - With the biggest production increase among Japan's Big 5 automakers last year, Nissan Motor Co. reclaimed its title as Japan's No. 2 carmaker behind Toyota Motor Corp.
not all that important though. i was thinking that since honda has 'officically' canceled the cl, basically removing the name from their line up, that leaves room for the re-introduction of another better known luxury coupe from the 90's...
Automotive News / February 03, 2003
TOKYO - With the biggest production increase among Japan's Big 5 automakers last year, Nissan Motor Co. reclaimed its title as Japan's No. 2 carmaker behind Toyota Motor Corp.
not all that important though. i was thinking that since honda has 'officically' canceled the cl, basically removing the name from their line up, that leaves room for the re-introduction of another better known luxury coupe from the 90's...
04-05-2003, 08:41 PM
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Originally posted by AcuraFan
You're right. The Legend holds its value exceptionally well. But that was a very popular car and one of the best Japanese luxury cars in history. And as far as I can tell it went out on top. The CL however is going out with poor sales and has no name recognition outside the Acura circle of consumers. You ask most car enthusiats (even those who don't like Japanese cars) and they will most likely remember the Legend and comment on how great it was. But you ask them about the CL and most won't even know what it is. The CL is a great car it just doesn't have the "fan following" or recognition it takes to suddenly be hot car after its production run.
You're right. The Legend holds its value exceptionally well. But that was a very popular car and one of the best Japanese luxury cars in history. And as far as I can tell it went out on top. The CL however is going out with poor sales and has no name recognition outside the Acura circle of consumers. You ask most car enthusiats (even those who don't like Japanese cars) and they will most likely remember the Legend and comment on how great it was. But you ask them about the CL and most won't even know what it is. The CL is a great car it just doesn't have the "fan following" or recognition it takes to suddenly be hot car after its production run.
04-23-2003, 10:37 AM
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just look at it this way all our CL's will now be worth more and hold their value just like the 5th generation preludes are holding these days. I currently have a 98 3.0 CL and i just came from a 91 legend coupe. the legend coupe is undeniably one of the classiest looking cars and will never age. it was a milestone in the automotive industry but with the RL succeeding the legend sedan, the legend will never come back b/c the rights to produce the car after 1996 was sold to DAEWOO. I was surprised by move when i heard of it so i checked it out and it seems that in 1996-1998 in asia the legend was rebadged and sold as a daewoo. the name is dead and so is the design. long live the legend!
04-23-2003, 02:30 PM
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just look at it this way all our CL's will now be worth more and hold their value just like the 5th generation preludes are holding these days. I currently have a 98 3.0 CL and i just came from a 91 legend coupe. the legend coupe is undeniably one of the classiest looking cars and will never age. it was a milestone in the automotive industry
05-08-2003, 12:46 PM
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Acura CL is axed - - we know but here it is in writing
Acura to axe slow-selling CL coupe by end of '03 model year
Acura will cancel its slow-selling CL coupe with the end of 2003 model year production this fall, company officials confirm. An Acura spokesman says dealers learned of the cancellation plan in February, but official notification came just last month.
Acura has sold just 2974 CLs so far this year, down 35.5 percent from the first four months of 2002. Official word is that dropping the CL provided money to develop the all-new TL sedan due later this year.
http://www.autoweek.com/cat_content...._code=07666437
Acura will cancel its slow-selling CL coupe with the end of 2003 model year production this fall, company officials confirm. An Acura spokesman says dealers learned of the cancellation plan in February, but official notification came just last month.
Acura has sold just 2974 CLs so far this year, down 35.5 percent from the first four months of 2002. Official word is that dropping the CL provided money to develop the all-new TL sedan due later this year.
http://www.autoweek.com/cat_content...._code=07666437
05-08-2003, 12:57 PM
#63
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Originally posted by gavriil
May be the best time to negotiate a 2003 6 Speed
May be the best time to negotiate a 2003 6 Speed
05-08-2003, 01:49 PM
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And another source with a little bit more info:
Honda To Quit Making Acura CL
The Daily Auto Insider
Wednesday, May 7, 2003
May 2003
Honda will discontinue building the Acura CL sports coupe, its first car fully designed and produced in the United States, the Associated Press reported, citing slumping sales as the reason.
The Acura CL, introduced in 1996, is made only in Marysville, a central Ohio city. Production will end this summer, the story said.
Overall production levels and employment at the plant, which is now at 5,800 workers, won't be affected, Honda said.
Honda has been making about 1,000 Acura CLs a month at the plant, which represents 2 percent of total production.
The Acura CL, redesigned for the 2001 model year, started strong, but sales dropped in recent years, Acura spokesman Mike Spencer said. Sales fell 36 percent to 12,072 last year and this year sales were off 36 percent through the end of April. Acura has no plans to make another sports coupe, a company spokesman said.
Honda To Quit Making Acura CL
The Daily Auto Insider
Wednesday, May 7, 2003
May 2003
Honda will discontinue building the Acura CL sports coupe, its first car fully designed and produced in the United States, the Associated Press reported, citing slumping sales as the reason.
The Acura CL, introduced in 1996, is made only in Marysville, a central Ohio city. Production will end this summer, the story said.
Overall production levels and employment at the plant, which is now at 5,800 workers, won't be affected, Honda said.
Honda has been making about 1,000 Acura CLs a month at the plant, which represents 2 percent of total production.
The Acura CL, redesigned for the 2001 model year, started strong, but sales dropped in recent years, Acura spokesman Mike Spencer said. Sales fell 36 percent to 12,072 last year and this year sales were off 36 percent through the end of April. Acura has no plans to make another sports coupe, a company spokesman said.
05-08-2003, 08:36 PM
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Originally posted by gavriil
Acura has no plans to make another sports coupe, a company spokesman said.
Acura has no plans to make another sports coupe, a company spokesman said.
Dont expect another CL or sport coupe of any sort for a LONG time from acura everyone.
05-08-2003, 09:28 PM
#67
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Re: Acura CL is axed - - we know but here it is in writing
Originally posted by gavriil
Acura to axe slow-selling CL coupe by end of '03 model year
Acura will cancel its slow-selling CL coupe with the end of 2003 model year production this fall, company officials confirm. An Acura spokesman says dealers learned of the cancellation plan in February, but official notification came just last month.
Acura has sold just 2974 CLs so far this year, down 35.5 percent from the first four months of 2002. Official word is that dropping the CL provided money to develop the all-new TL sedan due later this year.
http://www.autoweek.com/cat_content...._code=07666437
Acura to axe slow-selling CL coupe by end of '03 model year
Acura will cancel its slow-selling CL coupe with the end of 2003 model year production this fall, company officials confirm. An Acura spokesman says dealers learned of the cancellation plan in February, but official notification came just last month.
Acura has sold just 2974 CLs so far this year, down 35.5 percent from the first four months of 2002. Official word is that dropping the CL provided money to develop the all-new TL sedan due later this year.
http://www.autoweek.com/cat_content...._code=07666437
so if they made 2700 6 speeds and only sold 2974 cars.............are only 274 autos
05-08-2003, 10:35 PM
#68
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Re: Re: Acura CL is axed - - we know but here it is in writing
Originally posted by jts1207
so if they made 2700 6 speeds and only sold 2974 cars.............are only 274 autos
so if they made 2700 6 speeds and only sold 2974 cars.............are only 274 autos
The 2974 cars sold is for the CY (calendar year) 2003 (since JAN 1st, 2003).
I bought my CLS for $500 over invoice last Oct, before the rumors of the discontinuation started. Getting it for under invoice now should be easy.
As a point of reference I got a 2002 Accord EX V6 down to about $1700 under invoice back in Sept 2002. Ended up buying the CLS instead.
Originally posted by gavriil
Acura has no plans to make another sports coupe, a company spokesman said.
Acura has no plans to make another sports coupe, a company spokesman said.
05-12-2003, 03:54 PM
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Originally posted by 1SICKLEX
I just saw the report on T.V., on Autoweek. Said dealers knew in February and got it in writing last month.
I just saw the report on T.V., on Autoweek. Said dealers knew in February and got it in writing last month.
(read gav's post again)
05-13-2003, 04:18 PM
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I looked at a 2003 CL-S this past weekend and if I traded my 2001 CL with 26,700 miles for it, my payment would balloon to $650.00 a month. They would allow $18,000 trade-in value for mine and the CL-S was $31,000. I like my CL but I would probably sell it to buy a Dodge Ram 1/2 Ton truck with the
Hemi V8 before I would buy another CL.
Hemi V8 before I would buy another CL.
05-13-2003, 04:18 PM
#72
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Here in Florida, at Delray Acura, they've had a black CL-S CompTeched out including, springs, headers and exhausts and has the 6 speed. It's been in the showroom for months. Someone could get a great deal on that sucker.
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