Honda Exec: High Auto Prices May Drop, but Not Dramatically

Honda Exec: High Auto Prices May Drop, but Not Dramatically
A Honda logo is seen at the 2016 Washington Auto Show in Washington, on Jan. 27, 2015. Mandel Ngan/AFP via Getty Images
The Associated Press
Updated:

DETROIT—Honda expects its factories to make more vehicles this year despite a computer chip shortage and supply chain troubles. But because it’s starting the year with so few vehicles at dealers, the company expects U.S. sales to fall below last year’s numbers.

The company expects U.S. new vehicle prices to ease a bit from the record of more than $46,000 in December as automakers increase production, but Executive Vice President of National Operations Dave Gardner said prices won’t fall to where they were before the pandemic.