The Price of Parking: Colliers’ Releases Results of 2011 Global Survey

The results of Colliers International’s 2011 Parking Rate Survey are in for the U.S., Canada and the rest of the world, and there are few surprises.
The U.S. national median monthly parking rate is US$155.22, with the highest being midtown Manhattan at US$541 and Renoa at US$45 the cheapest. In Canada, Calgary topped out at US$486 followed by Toronto at $342 USD and Montreal at $305 USD.

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Toyota and Honda want to Win Back Sales Share from Hyundai Sonata with New Models

Not too long ago, if someone told you that a South Korean model would challenge America’s best selling sedan, the Toyota Camry, you would have probably laughed in his or her face.
Needless to say, a lot has changed over the past few years with Hyundai and in particular its latest Sonata sedan, not only challenging, but this past May even surpassing the Camry in U.S. sales for the first time in history.
Of course, the fact that Toyota’s production capabilities were seriously affected by the aftermath of the March 11 earthquake, tsunami and nuclear disaster in Japan, played a significant role in Hyundai’s accomplishment.

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Honda Officially Announces Fit / Jazz Shuttle, Sales Start in Japan this March

Less than a month ago, we broke the story on the leaked brochure of the Honda Fit Shuttle. Today, the Japanese automaker came out with an official announcement revealing a cropped image of the car and stating that the larger and more practical version of the Fit (otherwise known as the Jazz) will go on sale in Japan this March.

The new Fit Shuttle will be available in Japan with a similar engine lineup to the hatchback version including a conventional 1.5-liter four-cylinder gasoline engine and a hybrid variant featuring a 1.3 liter gasoline unit and a 10 KW electric motor.

Honda did not say whether the Fit Shuttle will be offered exclusively in Japan or if it will make its way to other markets as well. Follow the break for more pictures.

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