News from Japanese auto maker Honda shows that the company is investing significantly in a Mexican plant for the production of part of Honda’s fuel-efficient line of vehicles on the North American market. Honda cites an investment of $800 million for the plant, which is due to open in 2014. According to Honda executives, the Mexico plant represents part of a strategy of “building close to the customer,” which can in some cases decrease overall shipping costs.
Honda is also expanding production in several plants across North America, facilities that handle the production of cars like the Civic and Accent in various trims and models, including a Civic natural gas vehicle as well as conventional sedan and coupe style cars engineered to offer serious fuel economy. The Honda Civic compact car has become one of the most popular vehicles in its segment, and Honda’s investment shows that the company expects this popularity to continue.
For buyers who want to get one of these fuel-efficient vehicles, good purchase strategies include looking at the most current model pricing and financing information. Up-to-date pricing and financing, as well as rebate and incentive profiles, will help Honda customers to upgrade their transportation at a lower final price. Right now, Motortrend is citing possibilities of 2.9% for 48 month financing for the 2012 Honda Civic, with values for a range of 2011 Honda vehicles at 1.9% for the same two year period. These numbers all very according to location and other factors, and visiting local dealerships will give you an idea of dealer invoice or local costs for the Hondas that come to you from North America and beyond. When it’s time to consider a new or used Honda purchase, go to the lot armed with the right information. Look up current blue book values and get up to date information on what a car is worth. It also helps to look at available financing offers from third party lenders to see how you can finance an auto loan in the cheapest way. Your research is likely to pay off when you make the final decisions at the lot and sign a financing agreement for one of these leaner, more fuel efficient cars.