Report: Hawaii’s vehicle market still down, but 2023 expected to be better

Published

2 years ago

November 4, 2022

Report: Hawaii’s vehicle market still down, but 2023 expected to be better

HONOLULU (HawaiiNewsNow) – Automobiles are a key financial indicator. A brand new report launched Friday morning appears to be like on the well being of Hawaii’s automobile market.

The brand new Hawaii Auto Outlook exhibits that the issues we’ve had all all through the pandemic are nonetheless plaguing the market.

Provide chain points are squeezing inventories, inflation is surging together with rates of interest and client confidence is weak as a result of they’re getting much less bang for his or her buck.

All these components brought on the variety of new automobile registration in Hawaii to tumble by 14% from January by way of September.

The report additionally estimates that betwen 2020 and 2023, about 25,000 automobile purchases have been postponed. That represents 43% of gross sales in a median yr.

A number of automobile salespeople say they’ve prospects ready months — some almost a yr — to purchase a automobile. However, they merely shouldn’t have any out there autos to promote.

It’s onerous to say when these points can be resolved, however analysts imagine subsequent yr can be higher.

Consultants say rising costs haven’t dampened the pent-up demand, which is nice information for automobile sellers.

And for customers, analysts imagine automobile costs will go down as soon as provide chain points enhance.

The report additionally confirmed Hawaii’s hottest make and fashions.

For high model Toyota got here out on high, and for mannequin it’s the Tacoma.

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Hawaii men's basketball team signs program's 1st recruit from Italy

Published

7 hours ago

July 3, 2024

Press Room

Hawaii men's basketball team signs program's 1st recruit from Italy

HONOLULU — The Hawaii men’s basketball team moved a step closer to completing its 2024-25 roster with the announced signing of guard Jacopo Van der Knaap of Italy on Wednesday.

The 6-foot-5 Van der Knaap will be a 21-year-old freshman for coach Eran Ganot this fall after competing as an amateur for pro clubs Tobarra CB (Spain) and BNXT League (Belgium, the Netherlands) the last two years. He averaged 13.0 points, 2.9 rebounds and 1.4 assists per game in 25 appearances for Tobarra in 2023-24.

Van der Knaap is the first player from Italy (Verona) in program history. He also has experience playing for the national team program of the Netherlands in the FIBA U20 European Championships.

“Jacopo is a big guard who has a knack for scoring and can play multiple positions on the perimeter,” Ganot said in a statement. “He’s been an elite shooter with vast international experience and we love the poise and maturity he plays with. His development over the years has been impressive and we look forward to seeing that trend continue here. We’re absolutely thrilled to welcome Jacopo to the program.”

He is the second addition of a European player within a week for UH; it landed forward Gytis Nemeiksa, a Xavier transfer from Lithuania, last weekend.

UH is believed to have three scholarships remaining to assign for 2024-25.

Below is a highlight montage of Van der Knaap against Division I teams UC San Diego, BYU, Virginia Tech and American in the summer of 2023.