News Releases 2003

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Corporate
Japan
April 24, 2003

Honda GLOBAL PRODUCTION FOR FISCAL YEAR SETS NEW RECORD

April 24, 2003 -- Honda Motor Co., Ltd., announced today that global production increased 2.9% in March over the same month in 2002, bringing total production for the fiscal year ending March 2003 to 2,961,760 units, a 9.9% increase over the last year fiscal year and a new all-time record. 

Although Japan production was down 22% for the month, overseas production grew 27.6% over March 2002. It was the 27th consecutive month of growth. 

Domestic sales were down 6.5% in March. The Fit again was the best-seller for Honda, and the best-selling vehicle in Japan for the month, totaling 32,430 units. Honda's Life mini-vehicle (18,751 units) and Accord (6,529 units) were Honda's other best-sellers for the month. 

Overall, mini vehicle sales were down 20.7% in March, while passenger car and light truck sales were off 0.4%. 

Export shipments from Japan in March were up 2.2%, mainly because of increased shipments to Europe.

Honda PRODUCTION, SALES AND EXPORTS - MARCH 2003

PRODUCTION

  March Annual Total-2003 Fiscal Year** Total
Units
vs.3/02
Units
Vs.2002
Units
vs.’02FY
Domestic
97,902
-22.0%
309,129
-10.0%
1,351,963
+2.8%
Overseas (CBU only)
161,085
+27.6%
465,309
+26.3%
1,609,797
+16.8%
Worldwide Total *
258,987
+2.9%
774,438
+8.8%
2,961,760
+9.9%

* except overseas CKD
**(04/2002 ~ 03/2003)

REGIONAL EXPORTS

  March Annual Total-2003 Fiscal Year Total
Units
vs.3/02
Units
Vs.2002
Units
vs.’02FY
North America
115,696
+23.2%
336,691
+20.2%
1,170,399
+10.5%
(USA only)
79,979
+26.1%
230,916
+24.5%
798,134
+14.9%
Europe
15,915
+5.3%
51,829
+22.7%
186,282
+42.8%
Asia
24,925
+72.5%
63,608
+67.2%
212,493
+36.1%
Others
4,549
+66.5%
13,181
+65.5%
40,623
+24.4%
Regional Total
33,164
+27.6%
465,309
+26.3%
1,609,797
+16.8%

SALES

Vehicle type March Annual Total-2003 Fiscal Year Total
Units
vs.3/02
Units
Vs.2002
Units
vs.‘02FY
Passenger Cars
& Light Trucks
78,034
+0.4%
155,258
-6.9%
602,379
+0.1%
(Imports)
(2,861)

+135.3%

(5,478)

+103.2%

(12,568)

+25.6%

Mini Vehicles
30,138
-20.7%
62,039
-22.4%
270,749
-6.7%
Honda Brand TTL
108,172
-6.5%
217,297
-12.0%
873,128
-2.1%

EXPORTS

  March Annual Total-2003 Fiscal Year Total
Units
vs.3/02
Units
Vs.2002
Units
vs.’02FY
North America
19,293
-16.3%
60,172
-14.4%
288,915
-0.7%
(USA only)
15,404
-22.3%
52,468
-16.6%
255,825
-4.1%
Europe
7,480
+214.4%
33,290
+129.1%
91,946
+48.5%
Asia
918
-62.9%
4,625
-25.4%
30,112
+6.7%
Others
5,473
+20.8%
16,157
+23.2%
74,947
+59.7%
Total
33,164
+2.2%
114,244
+9.7%
485,920
+13.5%