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Honda's Redesigned Honda Accord

All along General Motors (maker of GMCRiverhead said, "General Motors has
air filter) has been preparing itswoken up to who its competition is."
redesigned Chevrolet Malibu to competeAside from Honda and General Motors
with Toyota's Camry, believing that it'sother automakers are also improving
the toughest competitor to beat in thetheir entries in the family sedan market
family sedan market. But anothersuch as Ford Motor Co. that boost the
competitor has emerged and has made itshorsepower and changed the names of its
debut just last Tuesday---the Hondaentries Five Hundred and Montego to
Accord.Taurus and Sable. Ford believes that the
A redesigned Honda Accord was unveiledchange in names would boost sales.
in Novi Michigan, marking the start of aChrysler and Nissan have also redesigned
really intense battle royale in thetheir Sebring and Altima sedans in
family sedan market. The eighthdealerships since November as 2007
generation Accord is scheduled to hitmodels. General Motors' Saturn division
dealerships next month. The prices aresince last August of last year has
not yet announced but expected to fallstarted selling a new midsize sedan, the
between $20,000 and $30,000.Aura which replaces the L-Series.
On the other hand, GM will release itsThe family sedan market is very
redesigned Malibu in early November. Theimportant to automakers and accounted
company however, has not yet made anyfor about one in five of 16.5 million
statement regarding the price.new vehicles sold annually. Industry
The 2008 Accord is available in coupeanalyst David Healy of Burnham
and sedan form with four or six cylinderSecurities is however, seeing a stagnant
engines and with manual or automaticsedan market for the coming 2008, and
transmissions. According to Honda, thesees growth only somewhere else. He
2008 Accord sedan has gained 3 inchessaid, "I think the growth area is going
and given an additional 3.3 cubic feetto be crossover SUVs and maybe even full
of space which qualifies it more as asize pickups, and SUVs might make a
large rather than a midsize sedan undersmall recovery."
the federal guidelines.General Manager Richard Lang at Nardy
Meanwhile the new Malibu is still partHonda in St. James says that the Accord
of GM's effort to gain back the marketis his bestselling model and ever since
share lost to Japanese competitors. Thethat price of gasoline have increased
new 2008 Malibu was also increased inmore and more buyers have chosen to
length by 3 inches and will be offeredpurchase four-cylinder variants.
with four or six cylinder engines,Honda has been able to sell more than
delivering 164hp and 252hp. Fuel354,000 Accord sedans and coupes last
consumption is 31miles per gallon and 26year making it the second best selling
mpg respectively.car after Toyota Camry with 448,000
Local dealers are also expecting the newunits sold. GM on the other hand was
Malibu to outperform its predecessor.able to sell 163,800 Malibus and 289,000
Mark Calisi, owner of Eagle Chevrolet inImpalas last year.



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