Honda cutting production of Accords as buyers shift to SUVs

Posted on Friday, April 19th, 2019 By The Associated Press

MARYSVILLE, Ohio (AP) — Honda is slowing production of Accord sedans as car buyers continue to favor SUVs and trucks.

The Japanese automaker says it will temporarily idle a second-shift production line in August at its Marysville, Ohio, assembly plant. The shift is expected to resume production in several years.

Honda says the line being shut down produces about 55,000 vehicles a year, most of which are Accords.

A company spokeswoman says that there will be no layoffs, but that Honda will offer voluntary buyouts to some employees.

Honda says the reduction also will affect production at its engine and transmission plants in Ohio.

Sales of the Accord this year are up 4.6% through March but fell nearly 10% last year.

Trucks and SUVs have made up 70% of U.S. new vehicle sales this year.

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel