Acura

High-Performance Integra Type S in Development - Slated for Arrival Next Summer

Retrieved on: 
Monday, December 5, 2022

MARKHAM, ON, Dec. 5, 2022 /CNW/ - Acura today confirmed the developmentof a high-performance Integra Type S, set to join the lineup for the 2024 model year.

Key Points: 
  • MARKHAM, ON, Dec. 5, 2022 /CNW/ - Acura today confirmed the developmentof a high-performance Integra Type S, set to join the lineup for the 2024 model year.
  • Promising ultimate street performance and driver engagement, the Integra Type S will be powered by a high-revving 2.0-litre VTEC turbocharged engine producing over 300 horsepower and paired exclusively with a 6-speed manual transmission and limited slip differential.
  • The TLX, MDX and NSX come in a Type S variant, the pinnacle expression of performance engineering and technology, Acura's commitment to Precision Crafted Performance.
  • Acura celebrated its 35th anniversary in Canada in 2022 and has grown to include over 50 locations in its dealer network across the country.

High-Performance Integra Type S in Development - Slated for Arrival Next Summer

Retrieved on: 
Monday, December 5, 2022

TORRANCE, Calif., Dec. 5, 2022 /PRNewswire/ -- Acura today confirmed the developmentof a high-performance Integra Type S, set to join the lineup for the 2024 model year.

Key Points: 
  • TORRANCE, Calif., Dec. 5, 2022 /PRNewswire/ -- Acura today confirmed the developmentof a high-performance Integra Type S, set to join the lineup for the 2024 model year.
  • Promising ultimate street performance and driver engagement, the Integra Type S will be powered by a high-revving 2.0-liter VTEC turbocharged engine producing over 300 horsepower and paired exclusively with a 6-speed manual transmission and limited slip differential.
  • The Acura lineup currently features five distinctive models the next-gen Integra sport compact, TLX sport sedan, the RDX and MDX sport-utility vehicles, and the electrified NSX supercar, along with high-performance Type S variants.
  • Acura's first all-electric model will be an SUV, the ZDX and ZDX Type S, and will arrive in 2024.

Canada's Rugged and Sophisticated Family SUV, the All-New 2023 Honda Pilot, Arriving at Dealerships this month

Retrieved on: 
Thursday, December 1, 2022

TrailSport's unique 18-inch wheels have a rugged look and are carefully designed to reduce the likelihood of trail damage.

Key Points: 
  • TrailSport's unique 18-inch wheels have a rugged look and are carefully designed to reduce the likelihood of trail damage.
  • Honda Canada Inc. was founded in 1969 and is the parent company for both Honda and Acura vehicle brands in Canada.
  • Honda Canada has invested over $6.5 billion in Canada, and each year sources over $3 billion in goods and services from Canadian suppliers.
  • Since its inception, Honda Canada has sold over five million Honda and Acura passenger cars and light trucks in Canada through a dealer network of more than 280 dealerships across the country.

Orbee Receives an Investment from Pohanka Automotive Group for its Enterprise Marketing Data Platform

Retrieved on: 
Thursday, December 1, 2022

IRVINE, Calif., Dec. 1, 2022 /PRNewswire-PRWeb/ -- Pohanka Automotive Group, one of the nation's leading organizations in the automotive industry, has invested in Orbee, a leading provider of marketing technologies to the industry. Pohanka's investment into Orbee revolves around the common goal of driving innovation across the automotive software ecosystem. Their strategy of connecting legacy systems with new capabilities such as Orbee's Customer Data Platform (CDP) and Marketing Automation Platform (MAP), will provide a reference design for all dealership groups.

Key Points: 
  • IRVINE, Calif., Dec. 1, 2022 /PRNewswire-PRWeb/ -- Pohanka Automotive Group, one of the nation's leading organizations in the automotive industry, has invested in Orbee, a leading provider of marketing technologies to the industry.
  • Pohanka's investment into Orbee revolves around the common goal of driving innovation across the automotive software ecosystem.
  • Their strategy of connecting legacy systems with new capabilities such as Orbee's Customer Data Platform (CDP) and Marketing Automation Platform (MAP), will provide a reference design for all dealership groups.
  • Pohanka Automotive Group is an award-winning dealership group that is well known for its technology and process innovations.

Consumers Pay More for Both Non-Luxury and Luxury New Vehicles in October, According to Latest Kelley Blue Book Average Transaction Price Data

Retrieved on: 
Wednesday, November 9, 2022

The Kelley Blue Book new-vehicle average transaction price (ATP) increased to $48,281 in October, slightly lower than the revised all-time high of $48,301 set in August.

Key Points: 
  • The Kelley Blue Book new-vehicle average transaction price (ATP) increased to $48,281 in October, slightly lower than the revised all-time high of $48,301 set in August.
  • According to Kelley Blue Book calculations, October marks a record 17th straight month that new-vehicle ATPs were higher than the average manufacturer's suggested retail price (MSRP), also known as the sticker price.
  • In October 2022, the average luxury buyer paid $66,645 for a new vehicle, up $331 from September when luxury ATPs reached $66,314.
  • The average new EV price was $64,249, according to Kelley Blue Book estimates, well above the industry average and aligning more with luxury prices versus mainstream prices.

Auto Dealers (Cautiously) Optimistic About Profits and Valuations in 2023

Retrieved on: 
Monday, November 7, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221107005471/en/
    The survey by Kerrigan Advisors queried over 600 auto dealers about their views on the future value of their businesses, as well as their perspective on franchise valuations and acquisitions.
  • While only 6% of dealers anticipated a valuation decline last year, 20% now expect a decline in the next twelve months, a 233% increase from 2021.
  • The survey reveals a clear increase in cautiousness by dealers about the future: that 34% of dealers expect higher profits in the next 12 months represents a sharp decline from the 79% that expected profit increases in 2021.
  • The Kerrigan Dealer Survey is based on over 600 responses from franchised auto dealers in Kerrigan Advisors proprietary dealer database.

PENSKE AUTOMOTIVE GROUP DEALERSHIPS NAMED BEST TO WORK FOR

Retrieved on: 
Wednesday, November 2, 2022

BLOOMFIELD HILLS, Mich., Nov. 2, 2022 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, announced today that forty-six (46) of its dealerships have been recognized as part of the Top 100 Best Dealerships to Work For 2022 by Automotive News, more than any other dealership group. 

Key Points: 
  • BLOOMFIELD HILLS, Mich., Nov. 2, 2022 /PRNewswire/ --Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, announced today that forty-six (46) of its dealerships have been recognized as part of the Top 100 Best Dealerships to Work For 2022 by Automotive News, more than any other dealership group.
  • Penske Automotive Group claimed seven (7) of the top ten (10) spots and seventeen (17) of the top twenty-five (25) spots nationally in this year's rankings.
  • 1 as the Best Dealership to Work For in the small dealership group category.
  • Commenting on the rankings, Penske Automotive Group Chair and CEO Roger Penske said, "Human Capital is the most important asset in our company.

ENEOS UNVEILS AMBITIOUS 2022 SEMA SHOW ACTIVATION

Retrieved on: 
Tuesday, November 1, 2022

CHICAGO, Nov. 1, 2022 /PRNewswire/ -- ENEOS, Japan's largest oil company and supplier to the majority of Asian vehicle manufacturers, has a major presence at the SEMA Show in Las Vegas, including a booth (# 23819) in Central Hall.

Key Points: 
  • CHICAGO, Nov. 1, 2022 /PRNewswire/ -- ENEOS, Japan's largest oil company and supplier to the majority of Asian vehicle manufacturers, has a major presence at the SEMA Show in Las Vegas, including a booth (# 23819) in Central Hall.
  • Display vehicles showcase many ENEOS products, including its Racing Series motor oils, EV Fluid Line, transmission fluids, and more.
  • Built by Faruk Kugay at DevSpeed Motorsports, ENEOS will display his 2007 Porsche 911 GT3 with Subaru Impreza STI EJ25 engine conversion.
  • Other vehicles presented by ENEOS at SEMA 2022 include the Evasive Motorsports Tesla Model 3 Pikes Peak race car, which was used as a testbed for the new ENEOS EV Fluid Line, designed to help increase efficiency and durability of electric vehicles.

Seattle International Auto Show Drives into Lumen Field Event Center November 10-13

Retrieved on: 
Monday, October 31, 2022

SEATTLE, Oct. 31, 2022 /PRNewswire-PRWeb/ -- The Seattle International Auto Show presented by BECU, drives into Lumen Field Event Center on Thursday, Nov. 10, and runs through Sunday, Nov. 13, 2022. Attendees once again will be able to compare hundreds of the latest and greatest vehicles side by side, sit in the driver's seats, inspect engines, experience new technologies, kick tires, and check trunk space. With more than 300 of the latest model cars, trucks, SUVs, crossovers, vans, electric vehicles, hybrids and exotics on display, there's something for everyone.

Key Points: 
  • The Seattle International Auto Show features 300+ new vehicles, ultra-high-end exotic vehicles, test drives, Electric Highway, BMW Horizon Art Car, Avants Then & Now display, KIds Zone, and more
    SEATTLE, Oct. 31, 2022 /PRNewswire-PRWeb/ -- The Seattle International Auto Show presented by BECU, drives into Lumen Field Event Center on Thursday, Nov. 10, and runs through Sunday, Nov. 13, 2022.
  • After more than 10 years out of the US market, Hummer is back with the GMC Hummer EV Edition 1.
  • The Seattle International Auto Show is owned by the Washington State Auto Dealers Association, which represents the state's 300 new car and truck dealers, and is produced by Steve Freeman Events.
  • The show is open to the public Thursday, Nov. 10 through Sunday, Nov. 13 at Lumen Field Event Center, 800 Occidental Avenue South, Seattle, WA 98134.

2023 Acura RDX Adds New Standard Premium Services, Including Complimentary Three Years of AcuraLink; Complimentary Acura Maintenance Package Newly Offered

Retrieved on: 
Monday, October 17, 2022

Acura is a leading automotive nameplate that delivers Precision Crafted Performance a commitment to expressive styling, high-performance and innovative engineering, all built on a foundation of quality and reliability.

Key Points: 
  • Acura is a leading automotive nameplate that delivers Precision Crafted Performance a commitment to expressive styling, high-performance and innovative engineering, all built on a foundation of quality and reliability.
  • The Acura lineup currently features five distinctive models the next-gen Integra sport compact, TLX sport sedan, the RDX and MDX sport-utility vehicles, and the electrified NSX supercar, along with high-performance Type S variants.
  • All Acura vehicles sold in America are made in the U.S., using domestic and globally sourced parts.
  • 2 Manufacturer's Suggested Retail Price (MSRP) excluding tax, license, registration, destination charge, premium paints and accessories.