Honda Rolls Out 10th Generation Honda Accord With Add-ons

Honda Motor Company Ltd. (NYSE:HMC) has launched its 10th Generation Honda Accord model on Jul 14 through YouTube Livestream. The 2018 Accord model consists of a light and firm body construction, a developed chassis design and high-torque turbocharged engines.

The 10th Generation Honda Accord sedan comprises various other features, including Honda’s two-motor hybrid technology, along with the driver-assistant one. (Read more: Honda to Launch 10th Generation Accord Model in 2017)

Previously in May 2017, the company launched its first five-door Civic hatchback in the U.S. While in Mar 2017, Clarity Electric, Clarity Plug-in Hybrid as well as the Civic Type R and Civic Si were unveiled. Such a wide product line-up should help boost the company’s sales.

The company currently focuses on product introductions as well as expanding its business in Asia to attract more customers. In Apr 2017, the company announced that it will launch an all-electric battery car in China by the end of 2018, due to rising demand.

Prior to that in Dec 2016, Dongfeng Honda Automobile Co., Ltd., one of Honda’s joint ventures in China, announced that it will invest 3 billion RMB ($435.4 million) to construct its third automobile manufacturing plant with an annual production capacity of 120,000 units. The plant will begin operations from the first half of 2019.

Price Performance

Honda’s shares have slightly outperformed the Zacks categorized Automotive-Foreign industry in the last year. The stock has edged past the industry’s 3.4% increase with a gain of 3.8%.

Zacks Rank & Stocks Pick

Honda currently carries a Zacks Rank #3 (Hold).

Honda Motor Company, Ltd. Price and Consensus

Few better-ranked companies in the auto space are Daimler AG (OTC:DDAIF) , Peugeot SA (OTC:PUGOY) and Volkswagen (DE:VOWG_p) AG (OTC:VLKAY) . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Daimler has expected long-term growth of 2.8%.

Peugeot has expected long-term growth of 12.3%.

Volkswagen has expected long-term growth of 17.5%.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>