Gregory Penske is the manager of Penske Motor Group, a division of Penske Corporation with headquarters in El Monte, California. With Longo Toyota and Longo Lexus in the Greater Los Angeles Area, Lexus of Stevens Creek, and Mercedes-Benz of Marin in the San Francisco Bay Area, the firm has four car dealerships in California. Longo Toyota of Prosper, located in the Dallas-Fort Worth metroplex, is the only dealership it runs in Texas.
Longo Toyota in El Monte, California, the largest auto dealership in the world at more than 50 acres, serves as Penske Motor Group’s flagship location (200,000 m2).
[1] The El Monte dealership property also houses a Starbucks, Subway restaurant, Verizon Wireless store, Enterprise Rent-A-Car agency, and an Automobile Club of Southern California office in addition to Toyota sales and repair facilities.
In This Article...
In the US, how many Honda dealerships are there?
In 2022, how many HONDA dealerships will there be in the country? As of August 15, 2022, there are 1,071 HONDA sites in the country. With 126 locations, or 11% of all HONDA locations in the US, California is the state with the most HONDA dealerships.
Exists Honda in South Africa still?
The RAV4 from Toyota stealthily dominates the whole compact SUV market in South Africa. In January, 871 units were sold. X-Trail accomplished 353. 438 Tiguan. Honda, too? 75 CR-Vs total. That is astounding. How can Honda’s family vehicle trail Toyota’s in the local market by 91.4% if the CR-V is only 2.8% behind the RAV in terms of sales globally? The only logical explanation is the vast price difference between the two in South Africa.
The Honda CR-V ought to be a popular seller in South Africa, but in comparison to competitors like the Rav4 and Kia Sportage, it seems pricey.
Using a foreign market to compare prices is usually a little dishonest, but Australia and South Africa share many characteristics, including a similar logistical isolation and vehicle specifications. Being an importer in Australia and South Africa, Honda lacks local manufacturing in each of these right-hand drive markets. The results are stunning when you run the calculations for the most costly and least priced RAV4s and CR-Vs available to order in each nation.
A base-model RAV4 costs 0.3% more than a base-model CR-V in Australia, making the Honda more economical. Do you want an all-wheel-drive vehicle with the highest possible specification? Once more, the Honda is 0.9% less expensive. It’s a very different situation in South Africa. The entry-level RAV4 is 11.8% less expensive than the CR-V competitor. This difference increases to 12.3% when comparing the most expensive versions of each.
In the compact SUV segment, where most cars have comparable features and functions and their engines are closely benchmarked in terms of performance and consumption, Honda’s SUV pricing is merely too expensive in South Africa. To justify such a premium over any rival, a brand must offer something extraordinary. It’s a depressing truth that is mirrored in Honda’s local sales decrease. Your company won’t be protected from pricing imbalances by all the pent-up brand cachet and the good reputation for product durability (most of which is spread through word of mouth).
While Toyota benefits from the export credits it receives from the department of trade and industry by virtue of being a local manufacturer, there is a case to be made to mitigate Honda’s susceptibility as an importer. Unquestionably, this is the case, but how does an importer like Kia manage to keep prices near to those of the RAV4? The RAV4 costs 0.05% more than the least expensive Kia Sportage. The priciest Sportage model is R26 905 cheaper than Honda’s top-of-the-line CR-V despite being 7% more expensive than the RAV4’s comparable offering.
First Texas Honda’s owner?
First Texas Honda, a family-run business in Austin that was first established in 1964 as Continental Cars, is a division of Continental Automotive Group. With over 140,000 square feet of space, First Texas Honda is currently the largest Honda dealership in the world after completing a state-of-the-art restoration to the Steck Avenue showroom in late 2012.
The service areas and service drive required 95,665 square feet of diamond polished concrete flooring, which Texas Bomanite was contracted to supply. The finishes ranged in grit size from 800 to 100. We placed 37,150 square feet of custom colored Micro-Top topping and more than 40,000 linear feet of ornamental scoring in the showroom area and service building. The Honda logo served as the showroom’s focal point. Bomanite’s Broadcast Quartz Aggregate system is used in 270 square feet of the front entry, while the Sandscape exposed system is used in over 7,515 square feet of the front entry pathways and bridge deck.
What phrases should you never use with a car salesman?
10 things not to say to a car salesperson
- “I adore this vehicle.
- “I don’t know a lot about automobiles.
- “My exchange is outside
- “I object to being transported to the dry cleaners.
- “My credit rating isn’t very excellent.
- “I have cash on hand.
- “Today I have to purchase an automobile.
- “I need to pay less than $350 each month.
Are Honda cars reliable?
Numerous honors Honda has received are proof of its high caliber. More often than any other brand, this business has received the Car & Driver Top Manufacturer Awards. They have gotten this honor roughly 80 times, which is twice as many as Toyota, who only received it 38 times. That honor was given to the Honda Accord only 27 times.
Will auto prices decrease?
J.D. Power predicts that used vehicle values will start to decline to more typical levels by late 2022 and into 2023 as new-car inventory starts to stabilize.
We do anticipate a decline in used-car values as new-car production and inventories start to increase, according to Paris.
We anticipate that many of the hangover characteristics will start to fade this year, leading residual values to start returning to normal ranges.
According to Paris, by 2024, residual values on 3-year-old automobiles will decline from their current level of 68% to a “historically high new normal” of 54%.
According to an Automotive News article from December 2021, consultancy firm KPMG believes a sharp decline in used car prices will come before the inventory of new cars stabilizes. The company apparently anticipates a 20%–30% decline in used automobile costs somewhere in the months after October 2022. While consumers who put off buying a used automobile will be relieved by the anticipated decline, those who financed a car during the current price spike and need to trade it in may suffer as a result.
Those who can afford to wait should wait to purchase a used car till the cost decreases. However, people who can’t wait to make a buy should prepare in advance, be adaptable, and be aware of the consequences of taking on a greater loan amount or longer loan terms to cover the purchase.
- Avoid taking out lengthy loans: Higher average monthly automobile loan payments reflect the effects of increased used-car prices: In the first quarter of 2022, the average monthly payment for a used automobile was $503, up from $413 for the corresponding period in 2021, according to Experian. Although a long-term auto loan can lower a buyer’s monthly payments, it also has disadvantages, such as a higher overall cost of financing the automobile and a higher chance of being upside down (that is, owing more on your car than it is currently worth). When used-car values begin to decline in the upcoming years, that risk becomes more of a worry.
- In advance: The conventional wisdom about car purchases is still valid even during the inventory shortage. Set a spending limit and adhere to it; compare prices from dealerships and private sellers to obtain the greatest bargain. The inventory constraint makes it more crucial than ever to keep your options open and be prepared to buy as soon as you find the ideal vehicle.
- Gain from your trade-in: For buyers who have a car to trade in, rising used-car values, especially on older models, might be a pleasant surprise. The average trade-in equity is anticipated to be $10,083, up 37% from a year earlier, according to J.D. Power’s July prediction. Consider using your trade-in equity toward the down payment on a used automobile to lower the total amount financed rather than rationalizing a more expensive purchase to avoid the dangers mentioned above.
What Honda models are produced in America?
With the 2021 Honda Ridgeline, Honda Odyssey, Honda Pilot, and Honda Passport, in that order, Honda claimed four of the top 10 positions in the overall rankings, taking positions six through nine. Compared to other automakers, more! The 2021 Honda Ridgeline, on the other hand, is the most American-made pickup truck in terms of ranks by class! The Honda Pilot is the second-most American-made three-row SUV as of 2021. The 2021 Honda CR-V ranks at number 18, with the 2021 Honda Passport taking the third slot among the most American-made two-row SUVs. Just behind the Ford Escape, the Honda CR-V was also ranked as the second most cheap SUV made in the United States for 2021. The top eight Most American-Made Cars Under $25k include the 2021 Honda Civic by a hair’s breadth.
The 2017 Honda Ridgeline comes in four trim levels (Sport, RTL, RTL-E, and Black Edition) and has a 3.5-L V6 engine with 280 horsepower as standard equipment. The comfort, exterior design, and performance of the Ridgeline are highly regarded. The 7.3 cubic feet of additional storage added by the class-exclusive In-Bed Trunk, which is lockable, features smart hooks and a drain stop, makes it ideal for storing or use as an ice caddy! The dual-action tailgate, which can hold 300 lbs., can be opened from the side or from the top down.
What is the lowest priced Honda car?
Honda is known for producing dependable, useful automobiles. Although Honda focuses on affordable transportation, it also makes sporty models for drivers who enjoy the thrill of the open road and hybrid or all-electric cars for those who care about the environment.
The Civic LX car and the HR-V LX SUV with front-wheel drive are Honda’s least cost models. Both items cost around $22,000 each.
Most Expensive: The Civic Type R Limited Edition hatchback will only be sold in the United States in 600 vehicles, each of which has a retail price of almost $45,000 before the expected markup. The all-wheel-drive Pilot Touring, which has a price likewise in the low $45,000 bracket, is Honda’s most costly SUV.
Most Exciting Driving: The Civic Si coupe and sedan are a ton of fun thanks to its sport suspension, manual transmission, and spirited engine. The Civic Type R hatchback, maybe the sportiest front-wheel-drive car ever made, comes next.
Best Fuel Efficiency: The 340-mile total range plug-in hybrid Honda Clarity is rated at 110 mpg-e combined. The 2021 Civic maintains its lead as the most fuel-efficient Honda model, with ratings of 32/42 mpg city/highway.
As soon as a car is released, we want to test and rank as many of them as we can. We’ll rank new models as we periodically update our rankings and we might even change the scores for some models. Vehicles with insufficient testing data, however, are not scored.