Acura Targets 25% Growth in U.S.
Honda Motor Co.’s Acura luxury car unit aims to grow its sales in the U.S. from 159,000 units last year to more than 200,000 in 3-5 years.
Acura expects to deliver the increase by focusing on key models and repositioning the brands as a performance-oriented marquee, Jon Ikeda, who heads Acura’s U.S. operations, tells Automotive News.
Acura is reviving its Type S performance line with the next-generation TLX sedan next year. The company also will offer “A-spec” appearance packages across its lineup to help attract younger customers.
Ikeda says the performance attributes of new Acura models will be highlighted in the company’s marketing efforts and motorsports involvement.
Acura sales peaked at 210,000 units in 2005. But demand plunged to fewer than 106,000 vehicles during the global recession in 2009, then improved every year until sagging again in 2016 and 2017.
Acura deliveries through the first eight months of 2019 advanced 1% to 101,700 units. The brand’s RDX (pictured) and MDX crossovers accounted for nearly three-fourths of the volume. The balance was generated by TLX and ILX sedans, low-volume RLX sedan and NSX supercar.
What happens if that $2.29 a gallon goes up by a couple of bucks a year from now? How are the pickup, SUV and crossover sales going to be then?
If heritage means anything in this industry, then it is surprising that Buick doesn’t make more of its history because the story of the early years of the company is nothing short of astonishing.
When you think of Costco, you probably think about buying lots of stuff for your home and your family, but there are probably some things that don’t necessarily come to mind when you think of the membership-based store chain.