PLM Paves the Way with zero-emissions for the Transport Refrigerated Unit

SAN FRANCISCO, Jan. 5, 2021 /PRNewswire/ — PLM Fleet LLC dba PLM Trailer Leasing («PLM») now offers a net-zero emission refrigerated trailer as an alternative energy fleet solution.  Through a partnership with Advanced Energy Machines, («AEM»), the zero emission AEM Solar Tech Transportation Refrigeration Unit («TRU») is a complete all electric solution with an industry standard operating range.  The Solar Tech electric TRU offers best in class design and operation, including:

<div…

SAN FRANCISCO, Jan. 5, 2021 /PRNewswire/ — PLM Fleet LLC dba PLM Trailer Leasing («PLM») now offers a net-zero emission refrigerated trailer as an alternative energy fleet solution.  Through a partnership with Advanced Energy Machines, («AEM»), the zero emission AEM Solar Tech Transportation Refrigeration Unit («TRU») is a complete all electric solution with an industry standard operating range.  The Solar Tech electric TRU offers best in class design and operation, including:

  • Single and multi-temperature options
  • Full-range temperature control and performance
  • 30+ hours of continuous use between charges
  • Fully charged in 8 hours  
  • Weight-neutral compared to traditional diesel TRU
  • Safe, 40-volt DC non-arc charging
PLM Offers Zero Emission Refrigerated Trailer

PLM is the exclusive sales and marketing company for the AEM electric TRU and a California Clean Air Off-Road Equipment («CORE») program approved dealer offering on-site consulting for facility and refrigerated trailers leveraging alternative energy and developing programs to transition your business to clean energy.

PLM’s Vice President of Sales Mike Marshall adds «Through the PLM – AEM partnership customers can be assured that they are getting the best technology offered today; the latest in zero emissions refrigeration technology on the road with leasing, distributed energy site solutions, and complete services support.» Test and trial trailers in a selection of trailer lengths and designs are available today.

  • Personalized training and support structure
  • Remote temperature and operations management with ColdLink® 
  • Complete site evaluation for infrastructure
  • Reservations available, ask about pricing and recommended trial periods

*currently available in California

About PLM
PLM, headquartered in Newark, New Jersey, is an industry leader and the only company with nationwide locations dedicated exclusively to the leasing, rental, maintenance, IoT solutions and fleet management of refrigerated trailers in the Cold Supply Chain.    For more information, please visit www.plmtrailer.com or call 1- 877-736-8756

About AEM
From semiconductors to semi-trailers, AEM founders Ronald and Robert Koelsch have been engineering innovative products and building specialized business relationships for over thirty years. AEM combines years of education and experience in engineering, science, industry, sales, marketing, and business management with patented technology to provide customers with products that are reliable, cost-effective, and commercially viable.  For more information, visit http://www.aem.green

Media Contact

Nicole Greco
PLM
+1 862-229-6480
ngreco@plmfleet.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/plm-paves-the-way-with-zero-emissions-for-the-transport-refrigerated-unit-301201487.html

SOURCE PLM

Trucks & Electrified Vehicles Propel American Honda to Strong 2020 Finish

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire-HISPANIC PR WIRE/ —

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire-HISPANIC PR WIRE/ —

American Honda

Honda

Acura

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Q4

366,068

138,925

227,143

41,329

11,069

30,260

324,739

127,856

196,833

-8.9%

-13.4%

-5.9%

-7.3%

-8.3%

-7.5

-9.1%

-14%

-5.7%

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Dec.

136,467

48,833

87,634

15,648

3,788

11,860

120,819

45,045

75,774

-0.1%

-6%

+3.6%

-3%

-10.5%

-0.3%

+0.3%

-5.6%

+4.2%

«While 2020 was a year of unprecedented challenges, through the efforts of our Honda and Dealer associates and the continuing loyalty of our customers, we were able to deliver 1.3 million vehicles,» said Dave Gardner, executive vice president of National Operations at American Honda. «As the world continues to cope with the global pandemic, we remain optimistic that things will improve soon and look forward to the upcoming launches of critical all-new products like the Honda Civic and Acura MDX.»

BRAND REPORT

Sales Highlights

Notes

Honda wrapped a globally-challenging year on a positive note with a 4.2% December gain for trucks, plus a new record for electrified vehicles and a double record for Passport.

   •    Led by strong sales of the CR-V Hybrid (24,406) and Accord Hybrid (18,229), Honda posted record sales of electrified vehicles for the third straight year, totaling 62,982 in 2020.

   •   Passport set a new all-time annual sales record of nearly 40,000 units, plus record December sales of 4,344 units.

   •   CR-V remained Honda’s best-selling vehicle, as sales topped 300,000 units for the 8th straight year, on sales of 333,502 units.

   •   Civic posted strong sales of 261,225 in 2020 to lead all compact cars and remain the best-selling model to millennial and first-time buyers.

The boldly redesigned 2021 Ridgeline signals a new design direction to more effectively communicate the rugged capabilities of Honda light trucks and SUVs.

 

The Civic Type R LE just launched as the ultimate street-legal Honda, the perfect capstone to the unparalleled success of the retail best-selling 10th gen Civic.

 

BRAND REPORT

Sales Highlights

Notes

Acura completed 2020 with strong December sales performances, both at the gateway to the lineup with ILX and at the top with MDX which posted its best month since August 2018. 2021 promises to be an exciting year with the arrival of the fourth-gen MDX and the return of Type-S performance variants.

   •   ILX enjoyed another strong month in December with sales of 1,417 units, gaining 8.6% for the month.

   •   Acura SUV sales topped 100,000 units for the 7th straight year.

   •   RDX sales surpassed the 50,000 mark for the 6th consecutive year with total sales of 52,785 units in 2020.

 

The all-new 2021 TLX is the quickest, best-handling and most well-appointed sedan in Acura history, and just earned the highest safety rating from IIHS: TOP SAFETY PICK+.

 

As the new brand flagship, the 2022 MDX represents a quantum leap forward as the most premium, performance-focused and technologically sophisticated Acura SUV ever.

            

American Honda Vehicle Sales for December 2020

Month-to-Date

Year-to-Date

December 2020

December 2019

DSR** % Change

MoM % Change

December 2020

December 2019

DSR** % Change

YoY % Change

American Honda Total

136,467

136,566

-10.8%

-0.1%

1,346,788

1,608,170

-16.8%

-16.3%

Total Car Sales

48,833

51,952

-16.1%

-6.0%

549,701

706,463

-22.7%

-22.2%

Total Truck Sales

87,634

84,614

-7.5%

3.6%

797,087

901,707

-12.2%

-11.6%

Honda

Total Car Sales

45,045

47,718

-15.7%

-5.6%

513,319

663,973

-23.2%

-22.7%

Honda

Total Truck Sales

75,774

72,715

-7.0%

4.2%

696,486

786,812

-12.1%

-11.5%

Acura

Total Car Sales

3,788

4,234

-20.1%

-10.5%

36,382

42,490

-14.9%

-14.4%

Acura

Total Truck Sales

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

* Total Domestic Car Sales

44,083

46,070

-14.6%

-4.3%

492,335

603,197

-18.9%

-18.4%

Domestic

Car

Honda Division

40,367

41,908

-14.0%

-3.7%

457,008

561,726

-19.2%

-18.6%

Acura Division

3,716

4,162

-20.3%

-10.7%

35,327

41,471

-15.4%

-14.8%

* Total Domestic Truck Sales

87,633

84,122

-7.0%

4.2%

796,444

879,432

-10.0%

-9.4%

Domestic

Truck

Honda Division

75,773

72,223

-6.3%

4.9%

695,843

764,537

-9.6%

-9.0%

Acura Division

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

  Total Import Car Sales

4,750

5,882

-27.9%

-19.2%

57,366

103,266

-44.8%

-44.4%

Import

Car

Honda Division

4,678

5,810

-28.1%

-19.5%

56,311

102,247

-45.3%

-44.9%

Acura Division

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

  Total Import Truck Sales

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Import

Truck

Honda Division

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Acura Division

0

0

0.0%

0.0%

0

0

0.0%

0.0%

   MODEL BREAKOUT BY DIVISION

Honda Division Total

120,819

120,433

-10.4%

0.3%

1,209,805

1,450,785

-17.2%

-16.6%

Honda

Car

ACCORD

19,509

19,682

-11.5%

-0.9%

199,458

267,567

-25.9%

-25.5%

CIVIC

21,047

22,913

-18.0%

-8.1%

261,225

325,650

-20.3%

-19.8%

CLARITY

551

805

-38.9%

-31.6%

4,215

11,654

-64.1%

-63.8%

CR-Z

0

0

0.0%

0.0%

1

2

-50.3%

-50.0%

FIT

2,705

2,609

-7.4%

3.7%

32,488

35,414

-8.9%

-8.3%

INSIGHT

1,233

1,709

-35.6%

-27.9%

15,932

23,686

-33.2%

-32.7%

Car

Truck

CR-V

38,120

36,098

-5.7%

5.6%

333,502

384,168

-13.8%

-13.2%

HR-V

8,428

9,199

-18.2%

-8.4%

84,027

99,104

-15.8%

-15.2%

ODYSSEY

8,701

8,734

-11.1%

-0.4%

83,409

99,113

-16.4%

-15.8%

PASSPORT

4,344

3,677

5.5%

18.1%

39,567

36,085

8.9%

9.6%

PILOT

13,054

11,250

3.6%

16.0%

123,813

135,008

-8.9%

-8.3%

RIDGELINE

3,127

3,757

-25.7%

-16.8%

32,168

33,334

-4.1%

-3.5%

Truck

Acura Division Total

15,648

16,133

-13.4%

-3.0%

136,983

157,385

-13.5%

-13.0%

Acura

Car

ILX

1,417

1,305

-3.1%

8.6%

13,414

14,685

-9.2%

-8.7%

NSX

14

10

25.0%

40.0%

128

238

-46.6%

-46.2%

RLX / RL

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

TLX

2,285

2,847

-28.3%

-19.7%

21,785

26,548

-18.5%

-17.9%

Car

Truck

MDX

6,040

5,636

-4.3%

7.2%

47,816

52,019

-8.7%

-8.1%

RDX

5,820

6,263

-17.0%

-7.1%

52,785

62,876

-16.6%

-16.0%

Truck

Selling Days

28

25

309

307

**** Electrified Vehicles

8,498

4,700

61.4%

80.8%

64,792

61,978

3.9%

4.5%

*    Honda and Acura vehicles are made of domestic & global sourced parts

**   Daily Selling Rate

**** Electrified Vehicles equal: Total sales of Hybrid (FHEV & PHEV), EVs (BEV) and Fuel Cell Vehicles (FCV) from the Honda and Acura brands.

 

Photo – https://mma.prnewswire.com/media/1395217/2021_Honda_Passport.jpg
PDF – https://mma.prnewswire.com/media/1395218/Honda_December_Q4_2020_Sales.pdf 
Logo – https://mma.prnewswire.com/media/477245/HONDALOGO_Logo.jpg

SOURCE American Honda Motor Co., Inc.

Trucks & Electrified Vehicles Propel American Honda to Strong 2020 Finish

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire-HISPANIC PR WIRE/ —

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire-HISPANIC PR WIRE/ —

American Honda

Honda

Acura

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Q4

366,068

138,925

227,143

41,329

11,069

30,260

324,739

127,856

196,833

-8.9%

-13.4%

-5.9%

-7.3%

-8.3%

-7.5

-9.1%

-14%

-5.7%

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Dec.

136,467

48,833

87,634

15,648

3,788

11,860

120,819

45,045

75,774

-0.1%

-6%

+3.6%

-3%

-10.5%

-0.3%

+0.3%

-5.6%

+4.2%

«While 2020 was a year of unprecedented challenges, through the efforts of our Honda and Dealer associates and the continuing loyalty of our customers, we were able to deliver 1.3 million vehicles,» said Dave Gardner, executive vice president of National Operations at American Honda. «As the world continues to cope with the global pandemic, we remain optimistic that things will improve soon and look forward to the upcoming launches of critical all-new products like the Honda Civic and Acura MDX.»

BRAND REPORT

Sales Highlights

Notes

Honda wrapped a globally-challenging year on a positive note with a 4.2% December gain for trucks, plus a new record for electrified vehicles and a double record for Passport.

   •    Led by strong sales of the CR-V Hybrid (24,406) and Accord Hybrid (18,229), Honda posted record sales of electrified vehicles for the third straight year, totaling 62,982 in 2020.

   •   Passport set a new all-time annual sales record of nearly 40,000 units, plus record December sales of 4,344 units.

   •   CR-V remained Honda’s best-selling vehicle, as sales topped 300,000 units for the 8th straight year, on sales of 333,502 units.

   •   Civic posted strong sales of 261,225 in 2020 to lead all compact cars and remain the best-selling model to millennial and first-time buyers.

The boldly redesigned 2021 Ridgeline signals a new design direction to more effectively communicate the rugged capabilities of Honda light trucks and SUVs.

 

The Civic Type R LE just launched as the ultimate street-legal Honda, the perfect capstone to the unparalleled success of the retail best-selling 10th gen Civic.

 

BRAND REPORT

Sales Highlights

Notes

Acura completed 2020 with strong December sales performances, both at the gateway to the lineup with ILX and at the top with MDX which posted its best month since August 2018. 2021 promises to be an exciting year with the arrival of the fourth-gen MDX and the return of Type-S performance variants.

   •   ILX enjoyed another strong month in December with sales of 1,417 units, gaining 8.6% for the month.

   •   Acura SUV sales topped 100,000 units for the 7th straight year.

   •   RDX sales surpassed the 50,000 mark for the 6th consecutive year with total sales of 52,785 units in 2020.

 

The all-new 2021 TLX is the quickest, best-handling and most well-appointed sedan in Acura history, and just earned the highest safety rating from IIHS: TOP SAFETY PICK+.

 

As the new brand flagship, the 2022 MDX represents a quantum leap forward as the most premium, performance-focused and technologically sophisticated Acura SUV ever.

            

American Honda Vehicle Sales for December 2020

Month-to-Date

Year-to-Date

December 2020

December 2019

DSR** % Change

MoM % Change

December 2020

December 2019

DSR** % Change

YoY % Change

American Honda Total

136,467

136,566

-10.8%

-0.1%

1,346,788

1,608,170

-16.8%

-16.3%

Total Car Sales

48,833

51,952

-16.1%

-6.0%

549,701

706,463

-22.7%

-22.2%

Total Truck Sales

87,634

84,614

-7.5%

3.6%

797,087

901,707

-12.2%

-11.6%

Honda

Total Car Sales

45,045

47,718

-15.7%

-5.6%

513,319

663,973

-23.2%

-22.7%

Honda

Total Truck Sales

75,774

72,715

-7.0%

4.2%

696,486

786,812

-12.1%

-11.5%

Acura

Total Car Sales

3,788

4,234

-20.1%

-10.5%

36,382

42,490

-14.9%

-14.4%

Acura

Total Truck Sales

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

* Total Domestic Car Sales

44,083

46,070

-14.6%

-4.3%

492,335

603,197

-18.9%

-18.4%

Domestic

Car

Honda Division

40,367

41,908

-14.0%

-3.7%

457,008

561,726

-19.2%

-18.6%

Acura Division

3,716

4,162

-20.3%

-10.7%

35,327

41,471

-15.4%

-14.8%

* Total Domestic Truck Sales

87,633

84,122

-7.0%

4.2%

796,444

879,432

-10.0%

-9.4%

Domestic

Truck

Honda Division

75,773

72,223

-6.3%

4.9%

695,843

764,537

-9.6%

-9.0%

Acura Division

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

  Total Import Car Sales

4,750

5,882

-27.9%

-19.2%

57,366

103,266

-44.8%

-44.4%

Import

Car

Honda Division

4,678

5,810

-28.1%

-19.5%

56,311

102,247

-45.3%

-44.9%

Acura Division

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

  Total Import Truck Sales

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Import

Truck

Honda Division

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Acura Division

0

0

0.0%

0.0%

0

0

0.0%

0.0%

   MODEL BREAKOUT BY DIVISION

Honda Division Total

120,819

120,433

-10.4%

0.3%

1,209,805

1,450,785

-17.2%

-16.6%

Honda

Car

ACCORD

19,509

19,682

-11.5%

-0.9%

199,458

267,567

-25.9%

-25.5%

CIVIC

21,047

22,913

-18.0%

-8.1%

261,225

325,650

-20.3%

-19.8%

CLARITY

551

805

-38.9%

-31.6%

4,215

11,654

-64.1%

-63.8%

CR-Z

0

0

0.0%

0.0%

1

2

-50.3%

-50.0%

FIT

2,705

2,609

-7.4%

3.7%

32,488

35,414

-8.9%

-8.3%

INSIGHT

1,233

1,709

-35.6%

-27.9%

15,932

23,686

-33.2%

-32.7%

Car

Truck

CR-V

38,120

36,098

-5.7%

5.6%

333,502

384,168

-13.8%

-13.2%

HR-V

8,428

9,199

-18.2%

-8.4%

84,027

99,104

-15.8%

-15.2%

ODYSSEY

8,701

8,734

-11.1%

-0.4%

83,409

99,113

-16.4%

-15.8%

PASSPORT

4,344

3,677

5.5%

18.1%

39,567

36,085

8.9%

9.6%

PILOT

13,054

11,250

3.6%

16.0%

123,813

135,008

-8.9%

-8.3%

RIDGELINE

3,127

3,757

-25.7%

-16.8%

32,168

33,334

-4.1%

-3.5%

Truck

Acura Division Total

15,648

16,133

-13.4%

-3.0%

136,983

157,385

-13.5%

-13.0%

Acura

Car

ILX

1,417

1,305

-3.1%

8.6%

13,414

14,685

-9.2%

-8.7%

NSX

14

10

25.0%

40.0%

128

238

-46.6%

-46.2%

RLX / RL

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

TLX

2,285

2,847

-28.3%

-19.7%

21,785

26,548

-18.5%

-17.9%

Car

Truck

MDX

6,040

5,636

-4.3%

7.2%

47,816

52,019

-8.7%

-8.1%

RDX

5,820

6,263

-17.0%

-7.1%

52,785

62,876

-16.6%

-16.0%

Truck

Selling Days

28

25

309

307

**** Electrified Vehicles

8,498

4,700

61.4%

80.8%

64,792

61,978

3.9%

4.5%

*    Honda and Acura vehicles are made of domestic & global sourced parts

**   Daily Selling Rate

**** Electrified Vehicles equal: Total sales of Hybrid (FHEV & PHEV), EVs (BEV) and Fuel Cell Vehicles (FCV) from the Honda and Acura brands.

 

Photo – https://mma.prnewswire.com/media/1395217/2021_Honda_Passport.jpg
PDF – https://mma.prnewswire.com/media/1395218/Honda_December_Q4_2020_Sales.pdf 
Logo – https://mma.prnewswire.com/media/477245/HONDALOGO_Logo.jpg

SOURCE American Honda Motor Co., Inc.

Trucks & Electrified Vehicles Propel American Honda to Strong 2020 Finish

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire-HISPANIC PR WIRE/ —

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire-HISPANIC PR WIRE/ —

American Honda

Honda

Acura

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Q4

366,068

138,925

227,143

41,329

11,069

30,260

324,739

127,856

196,833

-8.9%

-13.4%

-5.9%

-7.3%

-8.3%

-7.5

-9.1%

-14%

-5.7%

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Dec.

136,467

48,833

87,634

15,648

3,788

11,860

120,819

45,045

75,774

-0.1%

-6%

+3.6%

-3%

-10.5%

-0.3%

+0.3%

-5.6%

+4.2%

«While 2020 was a year of unprecedented challenges, through the efforts of our Honda and Dealer associates and the continuing loyalty of our customers, we were able to deliver 1.3 million vehicles,» said Dave Gardner, executive vice president of National Operations at American Honda. «As the world continues to cope with the global pandemic, we remain optimistic that things will improve soon and look forward to the upcoming launches of critical all-new products like the Honda Civic and Acura MDX.»

BRAND REPORT

Sales Highlights

Notes

Honda wrapped a globally-challenging year on a positive note with a 4.2% December gain for trucks, plus a new record for electrified vehicles and a double record for Passport.

   •    Led by strong sales of the CR-V Hybrid (24,406) and Accord Hybrid (18,229), Honda posted record sales of electrified vehicles for the third straight year, totaling 62,982 in 2020.

   •   Passport set a new all-time annual sales record of nearly 40,000 units, plus record December sales of 4,344 units.

   •   CR-V remained Honda’s best-selling vehicle, as sales topped 300,000 units for the 8th straight year, on sales of 333,502 units.

   •   Civic posted strong sales of 261,225 in 2020 to lead all compact cars and remain the best-selling model to millennial and first-time buyers.

The boldly redesigned 2021 Ridgeline signals a new design direction to more effectively communicate the rugged capabilities of Honda light trucks and SUVs.

 

The Civic Type R LE just launched as the ultimate street-legal Honda, the perfect capstone to the unparalleled success of the retail best-selling 10th gen Civic.

 

BRAND REPORT

Sales Highlights

Notes

Acura completed 2020 with strong December sales performances, both at the gateway to the lineup with ILX and at the top with MDX which posted its best month since August 2018. 2021 promises to be an exciting year with the arrival of the fourth-gen MDX and the return of Type-S performance variants.

   •   ILX enjoyed another strong month in December with sales of 1,417 units, gaining 8.6% for the month.

   •   Acura SUV sales topped 100,000 units for the 7th straight year.

   •   RDX sales surpassed the 50,000 mark for the 6th consecutive year with total sales of 52,785 units in 2020.

 

The all-new 2021 TLX is the quickest, best-handling and most well-appointed sedan in Acura history, and just earned the highest safety rating from IIHS: TOP SAFETY PICK+.

 

As the new brand flagship, the 2022 MDX represents a quantum leap forward as the most premium, performance-focused and technologically sophisticated Acura SUV ever.

            

American Honda Vehicle Sales for December 2020

Month-to-Date

Year-to-Date

December 2020

December 2019

DSR** % Change

MoM % Change

December 2020

December 2019

DSR** % Change

YoY % Change

American Honda Total

136,467

136,566

-10.8%

-0.1%

1,346,788

1,608,170

-16.8%

-16.3%

Total Car Sales

48,833

51,952

-16.1%

-6.0%

549,701

706,463

-22.7%

-22.2%

Total Truck Sales

87,634

84,614

-7.5%

3.6%

797,087

901,707

-12.2%

-11.6%

Honda

Total Car Sales

45,045

47,718

-15.7%

-5.6%

513,319

663,973

-23.2%

-22.7%

Honda

Total Truck Sales

75,774

72,715

-7.0%

4.2%

696,486

786,812

-12.1%

-11.5%

Acura

Total Car Sales

3,788

4,234

-20.1%

-10.5%

36,382

42,490

-14.9%

-14.4%

Acura

Total Truck Sales

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

* Total Domestic Car Sales

44,083

46,070

-14.6%

-4.3%

492,335

603,197

-18.9%

-18.4%

Domestic

Car

Honda Division

40,367

41,908

-14.0%

-3.7%

457,008

561,726

-19.2%

-18.6%

Acura Division

3,716

4,162

-20.3%

-10.7%

35,327

41,471

-15.4%

-14.8%

* Total Domestic Truck Sales

87,633

84,122

-7.0%

4.2%

796,444

879,432

-10.0%

-9.4%

Domestic

Truck

Honda Division

75,773

72,223

-6.3%

4.9%

695,843

764,537

-9.6%

-9.0%

Acura Division

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

  Total Import Car Sales

4,750

5,882

-27.9%

-19.2%

57,366

103,266

-44.8%

-44.4%

Import

Car

Honda Division

4,678

5,810

-28.1%

-19.5%

56,311

102,247

-45.3%

-44.9%

Acura Division

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

  Total Import Truck Sales

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Import

Truck

Honda Division

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Acura Division

0

0

0.0%

0.0%

0

0

0.0%

0.0%

   MODEL BREAKOUT BY DIVISION

Honda Division Total

120,819

120,433

-10.4%

0.3%

1,209,805

1,450,785

-17.2%

-16.6%

Honda

Car

ACCORD

19,509

19,682

-11.5%

-0.9%

199,458

267,567

-25.9%

-25.5%

CIVIC

21,047

22,913

-18.0%

-8.1%

261,225

325,650

-20.3%

-19.8%

CLARITY

551

805

-38.9%

-31.6%

4,215

11,654

-64.1%

-63.8%

CR-Z

0

0

0.0%

0.0%

1

2

-50.3%

-50.0%

FIT

2,705

2,609

-7.4%

3.7%

32,488

35,414

-8.9%

-8.3%

INSIGHT

1,233

1,709

-35.6%

-27.9%

15,932

23,686

-33.2%

-32.7%

Car

Truck

CR-V

38,120

36,098

-5.7%

5.6%

333,502

384,168

-13.8%

-13.2%

HR-V

8,428

9,199

-18.2%

-8.4%

84,027

99,104

-15.8%

-15.2%

ODYSSEY

8,701

8,734

-11.1%

-0.4%

83,409

99,113

-16.4%

-15.8%

PASSPORT

4,344

3,677

5.5%

18.1%

39,567

36,085

8.9%

9.6%

PILOT

13,054

11,250

3.6%

16.0%

123,813

135,008

-8.9%

-8.3%

RIDGELINE

3,127

3,757

-25.7%

-16.8%

32,168

33,334

-4.1%

-3.5%

Truck

Acura Division Total

15,648

16,133

-13.4%

-3.0%

136,983

157,385

-13.5%

-13.0%

Acura

Car

ILX

1,417

1,305

-3.1%

8.6%

13,414

14,685

-9.2%

-8.7%

NSX

14

10

25.0%

40.0%

128

238

-46.6%

-46.2%

RLX / RL

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

TLX

2,285

2,847

-28.3%

-19.7%

21,785

26,548

-18.5%

-17.9%

Car

Truck

MDX

6,040

5,636

-4.3%

7.2%

47,816

52,019

-8.7%

-8.1%

RDX

5,820

6,263

-17.0%

-7.1%

52,785

62,876

-16.6%

-16.0%

Truck

Selling Days

28

25

309

307

**** Electrified Vehicles

8,498

4,700

61.4%

80.8%

64,792

61,978

3.9%

4.5%

*    Honda and Acura vehicles are made of domestic & global sourced parts

**   Daily Selling Rate

**** Electrified Vehicles equal: Total sales of Hybrid (FHEV & PHEV), EVs (BEV) and Fuel Cell Vehicles (FCV) from the Honda and Acura brands.

 

Photo – https://mma.prnewswire.com/media/1395217/2021_Honda_Passport.jpg
PDF – https://mma.prnewswire.com/media/1395218/Honda_December_Q4_2020_Sales.pdf 
Logo – https://mma.prnewswire.com/media/477245/HONDALOGO_Logo.jpg

SOURCE American Honda Motor Co., Inc.

Comerica Bank’s California Index Ticked Higher

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s California Economic Activity Index increased in October to a level of 101.0. October’s reading is 12 percent above the historical low of 90.3. The index averaged 124.4 points in 2019, 0.5 points above the average for all of 2018. September’s index reading was 97.7.

<a…

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s California Economic Activity Index increased in October to a level of 101.0. October’s reading is 12 percent above the historical low of 90.3. The index averaged 124.4 points in 2019, 0.5 points above the average for all of 2018. September’s index reading was 97.7.

Our California Economic Activity Index improved again in October, now up for the fourth consecutive month. The index components were generally positive in October. Six of the eight components saw gains for the month including nonfarm employment, unemployment insurance claims (inverted), housing starts, house prices, the Dow Jones Technology Index and hotel occupancy. Industrial electricity demand and state total trade were both negative for the month. The October acceleration in our California Index is consistent with the delayed reopening of the state’s economy compared to other key Comerica states this fall. California’s jobs recovery rate continued to improve through November with the state regaining 46 percent of the net jobs lost this spring. However, the gains have not been evenly distributed across all sectors.    Housing and healthcare related sectors appear to be leading the state’s jobs recovery, while manufacturing and education services are lagging. This data does not take into account the surge in COVID-19 cases in November and the subsequent reimplementation of strict social mitigation policies in December. Limited-to-zero ICU capacity in the San Joaquin Valley and Southern California may result in longer stay at home orders for the two regions into at least mid-January. We still expect the widespread distribution of a vaccine to support stronger economic activity for the state in the second half of 2021.

The California Economic Activity Index consists of eight variables, as follows: nonfarm payroll employment, continuing claims for unemployment insurance, housing starts, house price index, industrial electricity sales, total trade, technology stock index and hotel occupancy. All data are seasonally adjusted. Nominal values have been converted to constant dollar values. Index levels are expressed in terms of three-month moving averages.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $83.6 billion at September 30, 2020.

To subscribe to our publications or for questions, contact us at ComericaEcon@comerica.com. Archives are available at http://www.comerica.com/insights. Follow us on Twitter: @Comerica_Econ.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/comerica-banks-california-index-ticked-higher-301201451.html

SOURCE Comerica Bank

Trucks & Electrified Vehicles Propel American Honda to Strong 2020 Finish

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire/ —

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire/ —

American Honda

Honda

Acura

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Q4

366,068

138,925

227,143

41,329

11,069

30,260

324,739

127,856

196,833

-8.9%

-13.4%

-5.9%

-7.3%

-8.3%

-7.5

-9.1%

-14%

-5.7%

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Dec.

136,467

48,833

87,634

15,648

3,788

11,860

120,819

45,045

75,774

-0.1%

-6%

+3.6%

-3%

-10.5%

-0.3%

+0.3%

-5.6%

+4.2%

«While 2020 was a year of unprecedented challenges, through the efforts of our Honda and Dealer associates and the continuing loyalty of our customers, we were able to deliver 1.3 million vehicles,» said Dave Gardner, executive vice president of National Operations at American Honda. «As the world continues to cope with the global pandemic, we remain optimistic that things will improve soon and look forward to the upcoming launches of critical all-new products like the Honda Civic and Acura MDX.»

BRAND REPORT

Sales Highlights

Notes

Honda wrapped a globally-challenging year on a positive note with a 4.2% December gain for trucks, plus a new record for electrified vehicles and a double record for Passport.

   •    Led by strong sales of the CR-V Hybrid (24,406) and Accord Hybrid (18,229), Honda posted record sales of electrified vehicles for the third straight year, totaling 62,982 in 2020.

   •   Passport set a new all-time annual sales record of nearly 40,000 units, plus record December sales of 4,344 units.

   •   CR-V remained Honda’s best-selling vehicle, as sales topped 300,000 units for the 8th straight year, on sales of 333,502 units.

   •   Civic posted strong sales of 261,225 in 2020 to lead all compact cars and remain the best-selling model to millennial and first-time buyers.

The boldly redesigned 2021 Ridgeline signals a new design direction to more effectively communicate the rugged capabilities of Honda light trucks and SUVs.

 

The Civic Type R LE just launched as the ultimate street-legal Honda, the perfect capstone to the unparalleled success of the retail best-selling 10th gen Civic.

 

BRAND REPORT

Sales Highlights

Notes

Acura completed 2020 with strong December sales performances, both at the gateway to the lineup with ILX and at the top with MDX which posted its best month since August 2018. 2021 promises to be an exciting year with the arrival of the fourth-gen MDX and the return of Type-S performance variants.

   •   ILX enjoyed another strong month in December with sales of 1,417 units, gaining 8.6% for the month.

   •   Acura SUV sales topped 100,000 units for the 7th straight year.

   •   RDX sales surpassed the 50,000 mark for the 6th consecutive year with total sales of 52,785 units in 2020.

 

The all-new 2021 TLX is the quickest, best-handling and most well-appointed sedan in Acura history, and just earned the highest safety rating from IIHS: TOP SAFETY PICK+.

 

As the new brand flagship, the 2022 MDX represents a quantum leap forward as the most premium, performance-focused and technologically sophisticated Acura SUV ever.

            

American Honda Vehicle Sales for December 2020

Month-to-Date

Year-to-Date

December 2020

December 2019

DSR** % Change

MoM % Change

December 2020

December 2019

DSR** % Change

YoY % Change

American Honda Total

136,467

136,566

-10.8%

-0.1%

1,346,788

1,608,170

-16.8%

-16.3%

Total Car Sales

48,833

51,952

-16.1%

-6.0%

549,701

706,463

-22.7%

-22.2%

Total Truck Sales

87,634

84,614

-7.5%

3.6%

797,087

901,707

-12.2%

-11.6%

Honda

Total Car Sales

45,045

47,718

-15.7%

-5.6%

513,319

663,973

-23.2%

-22.7%

Honda

Total Truck Sales

75,774

72,715

-7.0%

4.2%

696,486

786,812

-12.1%

-11.5%

Acura

Total Car Sales

3,788

4,234

-20.1%

-10.5%

36,382

42,490

-14.9%

-14.4%

Acura

Total Truck Sales

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

* Total Domestic Car Sales

44,083

46,070

-14.6%

-4.3%

492,335

603,197

-18.9%

-18.4%

Domestic

Car

Honda Division

40,367

41,908

-14.0%

-3.7%

457,008

561,726

-19.2%

-18.6%

Acura Division

3,716

4,162

-20.3%

-10.7%

35,327

41,471

-15.4%

-14.8%

* Total Domestic Truck Sales

87,633

84,122

-7.0%

4.2%

796,444

879,432

-10.0%

-9.4%

Domestic

Truck

Honda Division

75,773

72,223

-6.3%

4.9%

695,843

764,537

-9.6%

-9.0%

Acura Division

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

  Total Import Car Sales

4,750

5,882

-27.9%

-19.2%

57,366

103,266

-44.8%

-44.4%

Import

Car

Honda Division

4,678

5,810

-28.1%

-19.5%

56,311

102,247

-45.3%

-44.9%

Acura Division

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

  Total Import Truck Sales

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Import

Truck

Honda Division

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Acura Division

0

0

0.0%

0.0%

0

0

0.0%

0.0%

   MODEL BREAKOUT BY DIVISION

Honda Division Total

120,819

120,433

-10.4%

0.3%

1,209,805

1,450,785

-17.2%

-16.6%

Honda

Car

ACCORD

19,509

19,682

-11.5%

-0.9%

199,458

267,567

-25.9%

-25.5%

CIVIC

21,047

22,913

-18.0%

-8.1%

261,225

325,650

-20.3%

-19.8%

CLARITY

551

805

-38.9%

-31.6%

4,215

11,654

-64.1%

-63.8%

CR-Z

0

0

0.0%

0.0%

1

2

-50.3%

-50.0%

FIT

2,705

2,609

-7.4%

3.7%

32,488

35,414

-8.9%

-8.3%

INSIGHT

1,233

1,709

-35.6%

-27.9%

15,932

23,686

-33.2%

-32.7%

Car

Truck

CR-V

38,120

36,098

-5.7%

5.6%

333,502

384,168

-13.8%

-13.2%

HR-V

8,428

9,199

-18.2%

-8.4%

84,027

99,104

-15.8%

-15.2%

ODYSSEY

8,701

8,734

-11.1%

-0.4%

83,409

99,113

-16.4%

-15.8%

PASSPORT

4,344

3,677

5.5%

18.1%

39,567

36,085

8.9%

9.6%

PILOT

13,054

11,250

3.6%

16.0%

123,813

135,008

-8.9%

-8.3%

RIDGELINE

3,127

3,757

-25.7%

-16.8%

32,168

33,334

-4.1%

-3.5%

Truck

Acura Division Total

15,648

16,133

-13.4%

-3.0%

136,983

157,385

-13.5%

-13.0%

Acura

Car

ILX

1,417

1,305

-3.1%

8.6%

13,414

14,685

-9.2%

-8.7%

NSX

14

10

25.0%

40.0%

128

238

-46.6%

-46.2%

RLX / RL

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

TLX

2,285

2,847

-28.3%

-19.7%

21,785

26,548

-18.5%

-17.9%

Car

Truck

MDX

6,040

5,636

-4.3%

7.2%

47,816

52,019

-8.7%

-8.1%

RDX

5,820

6,263

-17.0%

-7.1%

52,785

62,876

-16.6%

-16.0%

Truck

Selling Days

28

25

309

307

**** Electrified Vehicles

8,498

4,700

61.4%

80.8%

64,792

61,978

3.9%

4.5%

*    Honda and Acura vehicles are made of domestic & global sourced parts

**   Daily Selling Rate

**** Electrified Vehicles equal: Total sales of Hybrid (FHEV & PHEV), EVs (BEV) and Fuel Cell Vehicles (FCV) from the Honda and Acura brands.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/trucks–electrified-vehicles-propel-american-honda-to-strong-2020-finish-301201461.html

SOURCE American Honda Motor Co., Inc.

Comerica Bank’s Texas Index Improved

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s Texas Economic Activity Index increased in October to 121.1. October’s index reading was 27 percent above the index historical low of 95.5. The index averaged 139.7 points for all of 2019, 4.4 points above the average for 2018. September’s index reading was 119.0.

<a…

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s Texas Economic Activity Index increased in October to 121.1. October’s index reading was 27 percent above the index historical low of 95.5. The index averaged 139.7 points for all of 2019, 4.4 points above the average for 2018. September’s index reading was 119.0.

Our Texas Economic Activity Index improved for the fourth consecutive month in October, reflecting improving economic conditions prior to the current surge in coronavirus cases. We expect to see our state indexes cooling again in late 2020 and early 2021 as states and cities respond to critical limits on hospital capacity by tightening and extending social mitigation policies. In October, eight out of nine index components were positive including nonfarm payrolls, unemployment insurance claims (inverted), housing starts, house prices, industrial electricity demand, drilling rig count, total state trade and hotel occupancy. Only the state sales tax revenue sub-index went negative for the month. This was the third consecutive month that eight out of nine sub-indexes were positive for Texas. It is noteworthy that the rig count sub-index ended a 16 month declining streak by turning positive for October. Improving global demand helped to firm up oil prices at the end of 2020, to near $48 per barrel through December. In response, the Texas drilling rig count also firmed up through year-end. After bottoming out at 100 active rigs in mid-August, the rig count improved to 161 rigs in early January. The percentage gain in the rig count is impressive, but these are very low levels. Further, we can say that the rate of improvement in the Texas rig count eased through December. This will keep the support to the rest of the state economy from the oil industry subdued through early 2021.

The Texas Economic Activity Index consists of nine variables, as follows: nonfarm payroll employment, continuing claims for unemployment insurance, housing starts, house price index, industrial electricity sales, Texas rotary rig count, total trade, hotel occupancy and sales tax revenue. All data are seasonally adjusted. Nominal values have been converted to constant dollar values. Total index levels are expressed in terms of three-month moving averages.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $83.6 billion at September 30, 2020.

To subscribe to our publications or for questions, contact us at ComericaEcon@comerica.com. Archives are available at http://www.comerica.com/insights. Follow us on Twitter: @Comerica_Econ.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/comerica-banks-texas-index-improved-301201435.html

SOURCE Comerica Bank

Global Hoverboard Market Trajectory and Analytics to 2027 and Global Competitor Market Shares

DUBLIN, Jan. 5, 2021 /PRNewswire/ — The «Hoverboard – Global Market Trajectory & Analytics» report has been added to ResearchAndMarkets.com’s offering….

DUBLIN, Jan. 5, 2021 /PRNewswire/ — The «Hoverboard – Global Market Trajectory & Analytics» report has been added to ResearchAndMarkets.com’s offering.

Research and Markets Logo

Amid the COVID-19 crisis, the global market for Hoverboard estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 4.8% over the period 2020-2027. Single Wheeled, one of the segments analyzed in the report, is projected to grow at a 5.2% CAGR to reach US$609.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Double Wheeled segment is readjusted to a revised 4.7% CAGR for the next 7-year period. This segment currently accounts for a 68.9% share of the global Hoverboard market.

The Hoverboard market in the U. S. is estimated at US$396.8 Million in the year 2020. The country currently accounts for a 28.94% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$337.3 Million in the year 2027 trailing a CAGR of 7.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR while Rest of European market (as defined in the study) will reach US$337.3 Million by the year 2027.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Airwheel Technology Holding (USA) Co., Ltd.
  • Fosjoas Technology Co., Ltd.
  • Hama GmbH & Co KG
  • Hangzhou CHIC Intelligent Technology Co., Ltd.
  • Inventist, Inc.
  • IO Hawk Invest GmbH
  • Ninebot Ltd.
  • Razor USA LLC.
  • Shenzhen JIALIKE Electronic Company Ltd.
  • Shenzhen Rooder Technology Co., Ltd.
  • Swagway LLC (Swagtron)
  • Zhengzhou F-wheel Industrial Co., Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Hoverboard Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/fgv1ys

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Cision View original content:http://www.prnewswire.com/news-releases/global-hoverboard-market-trajectory-and-analytics-to-2027-and-global-competitor-market-shares-301201055.html

SOURCE Research and Markets

Carolina Retreats purchases iconic Manteo inn

SURF CITY, N.C., Jan. 5, 2021 /PRNewswire/ — Carolina Retreats, a specialty lodging and vacation rental management company based in Surf City, North Carolina, announced the recent purchase of The Tranquil House Inn. The inn will become part of Carolina Retreats’ family of brands, which also includes Carolina Retreats Vacation Rentals, Topsail Realty Vacations, the <a target="_blank"…

SURF CITY, N.C., Jan. 5, 2021 /PRNewswire/ — Carolina Retreats, a specialty lodging and vacation rental management company based in Surf City, North Carolina, announced the recent purchase of The Tranquil House Inn. The inn will become part of Carolina Retreats’ family of brands, which also includes Carolina Retreats Vacation Rentals, Topsail Realty Vacations, the Loggerhead Inn on Topsail Island, and The Beach House @ Oak Island.

Built in 1988 by developer Ray Hollowell and owned and operated for the past 27 years by The Tranquility Company and the Just family, The Tranquil House Inn is located in one of the most iconic locations in historic Manteo. Overlooking Manteo’s historic waterfront, the inn offers unobstructed direct marina views of Shallowbag Bay. The Tranquil House Inn offers 25 quaint and spacious king and queen rooms and is a 2-minute walk from Roanoke Island Festival Park, 4 miles from the North Carolina Aquarium, and within walking distance of all the world-class dining and shopping options of downtown Manteo. Carolina Retreats plans to make improvements to the overall property over time, with room upgrades and a future announcement of plans for the former 1587 restaurant space.

According to Mike Harrington, CEO & Owner of Carolina Retreats, «The Tranquil House Inn is truly one of the most iconic boutique properties on the Outer Banks. As a hospitality management provider, we felt this opportunity was just too good to pass up. It fits a niche within our company, which is offering both traditional vacation rental homes on a mostly weekly basis, and smaller, historically significant beach motel and inn properties for shorter stays and smaller traveling parties. It benefits both our guests and property owner partners in the long run, as we can reach more potential travelers that might not be thinking of renting an entire home just yet, and hopefully appeal to the next generation vacation rental guests by offering a consistent brand experience regardless of the property type they choose.»

To learn more visit www.TranquilHouseInn.com. Read more about the acquisition: Click Here.

About Carolina Retreats

Carolina Retreats is a specialty lodging and vacation rental management company headquartered in Surf City, North Carolina. Carolina Retreats owns, operates, and provides third-party management services for high-end single family vacation rental homes, and intimate, limited-edition hotels and inns throughout the coastal regions of North Carolina. To learn more about Carolina Retreats, visit www.CarolinaRetreats.com.

Cision View original content:http://www.prnewswire.com/news-releases/carolina-retreats-purchases-iconic-manteo-inn-301201445.html

SOURCE Carolina Retreats Vacation Group

Comerica Bank’s Michigan Index Inched Higher

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s Michigan Economic Activity Index increased in October to a level of 106.2. October’s reading was 22 percent higher than the historical low. The index averaged 117.9 points for all of 2019, 0.6 points below the index average for 2018. September’s index reading was 105.6.

<a…

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s Michigan Economic Activity Index increased in October to a level of 106.2. October’s reading was 22 percent higher than the historical low. The index averaged 117.9 points for all of 2019, 0.6 points below the index average for 2018. September’s index reading was 105.6.

Our Michigan economic activity index increased for the fourth consecutive month in October, reflecting improving economic conditions prior to the current surge in coronavirus cases. Ominously, the rate of improvement in the Michigan Index has declined for each of the last three months. We expect to see our state indexes cooling more in late 2020 and early 2021 as states and cities respond to critically limited hospital capacity by tightening and extending social mitigation policies. In October, we saw mixed results for Michigan. Four out of nine index components were positive including nonfarm employment, unemployment insurance claims (inverted), housing starts and house prices. The five negative components were industrial electricity demand, light vehicle production, total state trade, hotel occupancy, and sales tax revenue. While overall manufacturing conditions are improving globally, in the U.S. and in Michigan, the critical auto industry looks vulnerable to weaker sales this winter. Light vehicle production increased in November to an 11.0 million unit annual rate as sales slipped to a 15.9 million unit rate nationwide, down from 16.3 million in September and October. Surging coronavirus cases, combined with declining consumer confidence in December, may result in weaker auto sales and production this winter. Further drag may come from weaker U.S. personal income in December.

The Michigan Economic Activity Index consists of nine variables, as follows: nonfarm payroll employment, continuing claims for unemployment insurance, housing starts, house price index, industrial electricity sales, auto assemblies, total trade, hotel occupancy and sales tax revenue. All data are seasonally adjusted. Nominal values have been converted to constant dollar values. Index levels are expressed in terms of three-month moving averages.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $83.6 billion at September 30, 2020.

To subscribe to our publications or for questions, contact us at ComericaEcon@comerica.com. Archives are available at http://www.comerica.com/insights. Follow us on Twitter: @Comerica_Econ.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/comerica-banks-michigan-index-inched-higher-301201431.html

SOURCE Comerica Bank