Honda Increases Incentives

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Honda's incentive levels are at a new time high in an attempt to drive consumers back into the showroom following lackluster new vehicle introductions and supply problems in the past year. Edmunds.com says Honda is offering the biggest car incentives it has ever offered in its history. Honda typically keeps incentive levels low by exercising tight discipline over production and inventory, last month, Honda was offering an average of $2350 per vehicle, up 6.8% from a year earlier. In the past, consumers would continue to come to Honda and other Japanese manufacturers in droves, but now they're realizing that competition isn't that bad and loyalty to a car company isn't too important anymore. Hence Honda's spike in incentives. Honda's loss is your gain. 

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