We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Honda Declares Lease Price for 2017 Clarity Electric Sedan
Read MoreHide Full Article
Honda Motor Company (HMC - Free Report) has announced an introductory lease price for the soon-to-be launched 2017 Honda Clarity Electric sedan. The lease price on offer is $269 per month (plus taxes) for 36 months.
The terms of lease include an allowance of 20,000 miles per year and 24X7 roadside assistance. It also has a built-in federal tax credit and requires $1,730 of down payment, plus the first month’s lease payment at signing (not including tax, registration or official fees).
Good news for Californian customers, who are entitled to the state’s Clean Vehicle Rebate of $2,500.
Honda Clarity Electric is a five passenger, zero-emissions electric car and will be available from Aug 2017, only through selected dealers in California and Oregon.
The Clarity Electric sedan consists of a 161-horsepower (120-kilowatt) electric motor to produce 221 lb.-ft of torque and drawing power from a 25.5-kWh battery pack. It takes over three hours to fully charge the sedan at 240 volts, when using DC fast charging connector with the SAE Combined Charging System.
The vehicle has the capability to achieve an 80% charge in just 30 minutes. The model has an EPA (Environmental Protection Agency) range rating of 89 miles on a full charge and an EPA fuel economy rating of 126/103/114 MPGe (city/highway/combined).
The Clarity Electric and Clarity Fuel Cell have been launched in Dec 2016, whereas the Clarity Plug-in Hybrid is arriving later in 2017. This makes “Clarity” the first ever vehicle series offering customers, an array of electrified vehicle choices, equipped with a five-passenger sedan.
The “Clarity” series will contribute almost two-third of Honda’s global automobile sales target from electrified vehicles by 2030.
Each “Clarity” variant has a low, wide aerodynamic body with unique design elements, including the special own hero color and is differentiated front styling, headlights, tail lamps and a non-compromised trunk space. It also includes Honda’s sensing standard and the 18-inch alloy wheel designs, combined with elegant and advanced exterior styling.
The series has three different powertrains and luxury packaging. This shared "3-in-1"platform strategy will enable Honda to respond to infrastructure and market developments, provide nationwide customers with an ultra-low carbon vehicle that meets their lifestyle needs and would also drive itself toward higher volume sales of advanced powertrain products to reduce CO2 emissions.
Honda will benefit from the planned launch of fuel cell vehicles (“FCVs”). The company started the lease sales of Clarity Fuel Cell in Japan in Mar 2016. It will be introduced in the European markets soon.
Additionally, Honda is collaborating with General Motors to develop FCVs. The company aims at selling 5,000 FCVs over the next five years in Japan, the U.S. and Europe.
Price Performance
Honda’s shares have outperformed the Zacks categorized Automotive-Foreign industry in last six months. The company’s shares have lost 7.1% compared with the industry’s decline of 9.7%.
Fiat Chrysler has an expected long-term growth of 22.4%.
PEUGEOT has an expected long-term growth of 12.5%.
Volkswagen has an expected long-term growth of 18%.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
Image: Bigstock
Honda Declares Lease Price for 2017 Clarity Electric Sedan
Honda Motor Company (HMC - Free Report) has announced an introductory lease price for the soon-to-be launched 2017 Honda Clarity Electric sedan. The lease price on offer is $269 per month (plus taxes) for 36 months.
The terms of lease include an allowance of 20,000 miles per year and 24X7 roadside assistance. It also has a built-in federal tax credit and requires $1,730 of down payment, plus the first month’s lease payment at signing (not including tax, registration or official fees).
Good news for Californian customers, who are entitled to the state’s Clean Vehicle Rebate of $2,500.
Honda Clarity Electric is a five passenger, zero-emissions electric car and will be available from Aug 2017, only through selected dealers in California and Oregon.
The Clarity Electric sedan consists of a 161-horsepower (120-kilowatt) electric motor to produce 221 lb.-ft of torque and drawing power from a 25.5-kWh battery pack. It takes over three hours to fully charge the sedan at 240 volts, when using DC fast charging connector with the SAE Combined Charging System.
The vehicle has the capability to achieve an 80% charge in just 30 minutes. The model has an EPA (Environmental Protection Agency) range rating of 89 miles on a full charge and an EPA fuel economy rating of 126/103/114 MPGe (city/highway/combined).
The Clarity Electric and Clarity Fuel Cell have been launched in Dec 2016, whereas the Clarity Plug-in Hybrid is arriving later in 2017. This makes “Clarity” the first ever vehicle series offering customers, an array of electrified vehicle choices, equipped with a five-passenger sedan.
The “Clarity” series will contribute almost two-third of Honda’s global automobile sales target from electrified vehicles by 2030.
Each “Clarity” variant has a low, wide aerodynamic body with unique design elements, including the special own hero color and is differentiated front styling, headlights, tail lamps and a non-compromised trunk space. It also includes Honda’s sensing standard and the 18-inch alloy wheel designs, combined with elegant and advanced exterior styling.
The series has three different powertrains and luxury packaging. This shared "3-in-1"platform strategy will enable Honda to respond to infrastructure and market developments, provide nationwide customers with an ultra-low carbon vehicle that meets their lifestyle needs and would also drive itself toward higher volume sales of advanced powertrain products to reduce CO2 emissions.
Honda will benefit from the planned launch of fuel cell vehicles (“FCVs”). The company started the lease sales of Clarity Fuel Cell in Japan in Mar 2016. It will be introduced in the European markets soon.
Additionally, Honda is collaborating with General Motors to develop FCVs. The company aims at selling 5,000 FCVs over the next five years in Japan, the U.S. and Europe.
Price Performance
Honda’s shares have outperformed the Zacks categorized Automotive-Foreign industry in last six months. The company’s shares have lost 7.1% compared with the industry’s decline of 9.7%.
Zacks Rank & Stocks Pick
Honda currently carries a Zacks Rank #4 (Sell).
Honda Motor Company, Ltd. Price and Consensus
Honda Motor Company, Ltd. Price and Consensus | Honda Motor Company, Ltd. Quote
Better-ranked companies in the auto space include Fiat Chrysler Automobiles N.V. , PEUGEOT SA and Volkswagen AG . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Fiat Chrysler has an expected long-term growth of 22.4%.
PEUGEOT has an expected long-term growth of 12.5%.
Volkswagen has an expected long-term growth of 18%.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>