Preheat oven to 350°F. Grease a 12-cup bundt pan and sprinkle with ¼ cup chopped pecans.
In a medium bowl, mix sugar, oil, and honey until combined.
Add eggs one at a time, mixing well after each addition.
In a large bowl, combine flour, baking soda, salt, cinnamon, and nutmeg, then gradually add to the wet mixture.
Fold in vanilla, remaining chopped pecans, and chopped apples.
Spoon batter into prepared pan and bake for 65-75 minutes at 350°F. If browning too quickly, cover loosely with foil.
Let cool for 20-30 minutes, then invert onto a wire rack. Pour ½ cup honey sauce over the cake.
For the honey caramel sauce, boil sugar, butter, and honey for 3-4 minutes. Remove from heat, add cream, and stir until thickened. Drizzle over the cake before serving.