Honda and Most Japanese Manufacturers Hike Prizes
January 19th, 2009
Posted in Automotive Industry News, Car News, Car Updates, Honda Motors, Information, Japanese Cars
Maybe its the economy and maybe its because of the utter lack of sales, most Japanese car makers are increasing prices on their vehicles to compensate for some of the losses they are suffering due to dismal sales. Compared to the European and American auto industry, most Japanese firms have managed to survive the current recession but they have had to do with some cut-backs. Like Honda and Toyota which have withdrawn from some auto shows and from the fast paced Formula 1 Circuit. They are still continuing with research into most of their future concepts which would be taking the streets in the future but they have slowed down considerably.
Dealerships in other countries have suffered greatly due to dismal sales figures but Japanese cars are still some of the top selling brands the world over. Many car makers are in trouble due to lack of sales and with debt they have managed to pile up in recent years, much so that even America’s big three are now in hot water. With grim predictions for the future of the economy, the Japanese will surely keep on reinventing the auto industry with their varied brands and innovative technology.
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Maybe its the economy and maybe its because of the utter lack of sales, most Japanese car makers are increasing prices on their vehicles to compensate for some of the losses they are suffering due to dismal sales. Compared to the European and American auto industry, most Japanese firms have managed to survive the current recession but they have had to do with some cut-backs. Like Honda and Toyota which have withdrawn from some auto shows and from the fast paced Formula 1 Circuit. They are still continuing with research into most of their future concepts which would be taking the streets in the future but they have slowed down considerably.
Dealerships in other countries have suffered greatly due to dismal sales figures but Japanese cars are still some of the top selling brands the world over. Many car makers are in trouble due to lack of sales and with debt they have managed to pile up in recent years, much so that even America’s big three are now in hot water. With grim predictions for the future of the economy, the Japanese will surely keep on reinventing the auto industry with their varied brands and innovative technology.



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