Following a profit warning by Sonic Automotive Inc., fellow public retailers Penske and Group 1 said this week that they also felt a profit pinch in the second quarter because of incentive changes at BMW and Honda.
U.S. light-vehicle deliveries, boosted by healthy deals, America's surging appetite for light trucks and an extra weekend of sales, rose 5.2 percent in June as the auto industry closed out the first half of 2018 on a high. The SAAR for June came in at 17.47 million, up sharply from June 2017 and May.
Honda is planning a plug-in hybrid version of the Pilot crossover, new images from spy photographers indicate. It will be the fourth electrified vehicle in the Honda lineup after the Accord, Clarity and Insight.