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Average Light Vehicle Price Up 0.5% in June

The average transaction price for light vehicles sold in the U.S. edged up in June from the previous month led by growth at Nissan Motor Co. (7201.TO, NSANY) and Ford Motor Co.( F), according to industry-research site TrueCar.com. The firm estimated the average transaction price for light vehicles in the U.S. was $30,508 in June, up 0.5% from May and 2.9% from a year ago. Year to year, Toyota Motor Corp. (TM, 7203.TO) and Honda Motor Co. (7267.TO, HMC) saw the most improvement, with prices up 8% and 5%, respectively. "Despite the relative slowdown in the last two months, the auto industry continues to experience improved profitability with strong year-over-year sales, historically high transaction prices and precise incentives spending," said Jesse Toprak, of TrueCar.com. TrueCar said the average incentive for light vehicles was $2,432 in June, down 4.8% from May and up 1.5% from a year earlier. TrueCar.com estimated the ratio of incentives to average transaction price for light-vehicles was 8% in June, down from 8.4% in May, and from 8.1% a year ago. Write to Saabira Chaudhuri at saabira.chaudhuri@dowjones.com

Stock News for Honda Motor (HMC)
DateTimeHeadline
05/27/201604:30:00Up to 7 Million Cars With Takata Air Bags to Be Recalled in Japan
05/25/201616:00:00Takata Will Restructure and Seek Cash Amid Air-Bag Recalls
05/15/201622:10:00Hawaii Sues Takata, Honda Over Exploding Air-Bag Inflaters
05/14/201603:03:00Honda Posts Loss on Recall -- WSJ
05/13/201608:00:00Honda Motor Co., Ltd. Reports Consolidated Financial Results...
05/13/201606:00:00Honda Posts Quarterly Loss as Air-Bag Recall Costs Surge
05/04/201614:40:00Takata Air-Bag Recall More Than Doubles in the U.S.
05/04/201603:03:00Auto Sales Spring Ahead -- WSJ
05/03/201617:30:00Takata Set to Recall 35 Million More Air-Bag Inflaters
04/28/201603:29:00Honda: Impact of The 2016 Kumamoto Earthquake on Production
04/26/201602:49:00Honda Sets All-Time Fiscal Year Records for Automobile Production...
04/25/201612:00:00U.S. Closes Probe Into Honda's Failure to Report Deaths, Injuries
04/25/201603:35:00Acura Exhibits World Premiere of All-New Acura CDX Compact SUV...
04/21/201603:31:00Honda: Impact of The 2016 Kumamoto Earthquake on Production
04/20/201623:48:00Honda Develops World's First, Unprecedented Mass-production Automobile...
04/01/201617:20:00Can Tesla Boost Production Amid Interest in Model 3?
04/01/201610:10:00Auto Makers Cruise to Sales Gains in March
03/25/201615:11:00Honda Launches New Website to Globally Promote Honda DCT for...
03/22/201607:16:00ASIMO to Welcome Visitors Arriving at Narita International Airport
03/16/201613:10:00Car Makers Pledge to Make Automatic Brakes Standard by 2022

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