Honda's Redesigned Honda Accord

All along General Motors (maker of GMC air filter)has woken up to who its competition is."
has been preparing its redesigned Chevrolet MalibuAside from Honda and General Motors other
to compete with Toyota's Camry, believing thatautomakers are also improving their entries in the
it's the toughest competitor to beat in the familyfamily sedan market such as Ford Motor Co. that
sedan market. But another competitor hasboost the horsepower and changed the names of
emerged and has made its debut just lastits entries Five Hundred and Montego to Taurus
Tuesday---the Honda Accord.and Sable. Ford believes that the change in names
A redesigned Honda Accord was unveiled in Noviwould boost sales.
Michigan, marking the start of a really intenseChrysler and Nissan have also redesigned their
battle royale in the family sedan market. TheSebring and Altima sedans in dealerships since
eighth generation Accord is scheduled to hitNovember as 2007 models. General Motors'
dealerships next month. The prices are not yetSaturn division since last August of last year has
announced but expected to fall between $20,000started selling a new midsize sedan, the Aura
and $30,000.which replaces the L-Series.
On the other hand, GM will release its redesignedThe family sedan market is very important to
Malibu in early November. The company however,automakers and accounted for about one in five
has not yet made any statement regarding theof 16.5 million new vehicles sold annually. Industry
price.analyst David Healy of Burnham Securities is
The 2008 Accord is available in coupe and sedanhowever, seeing a stagnant sedan market for the
form with four or six cylinder engines and withcoming 2008, and sees growth only somewhere
manual or automatic transmissions. According toelse. He said, "I think the growth area is going to
Honda, the 2008 Accord sedan has gained 3be crossover SUVs and maybe even full size
inches and given an additional 3.3 cubic feet ofpickups, and SUVs might make a small recovery."
space which qualifies it more as a large ratherGeneral Manager Richard Lang at Nardy Honda in
than a midsize sedan under the federal guidelines.St. James says that the Accord is his bestselling
Meanwhile the new Malibu is still part of GM'smodel and ever since that price of gasoline have
effort to gain back the market share lost toincreased more and more buyers have chosen to
Japanese competitors. The new 2008 Malibu waspurchase four-cylinder variants.
also increased in length by 3 inches and will beHonda has been able to sell more than 354,000
offered with four or six cylinder engines, deliveringAccord sedans and coupes last year making it the
164hp and 252hp. Fuel consumption is 31miles persecond best selling car after Toyota Camry with
gallon and 26 mpg respectively.448,000 units sold. GM on the other hand was
Local dealers are also expecting the new Malibu toable to sell 163,800 Malibus and 289,000 Impalas
outperform its predecessor. Mark Calisi, owner oflast year.
Eagle Chevrolet in Riverhead said, "General Motors