Honda-The Power of Dreams
Honda Sets Domestic Sales and Production Records for 2002

Tokyo, January 27, 2003 --- Honda Motor Co., Ltd., announced today that its domestic sales increased 4.6% and passenger car and light truck sales were up 7.9% in 2002, the best year ever for the company in both categories.

The annual sales record of 902,658 units was highlighted by Honda's Fit sub-compact, which became the best-selling vehicle in Japan in 2002. It was the fourth consecutive year of growth in both overall sales and the third consecutive year of growth in the passenger car-light trucks category.

Domestic production, meanwhile, was up 7.9% in 2002 setting a new record. Overall production also grew, increasing 8.0% worldwide in December, and 9.4% for 2002. Overseas production grew 14.8% in December, and 10.8% for the year.

Domestic sales in December were off 2.3%. The Fit ,however, again posted strong sales totaling 22,098 units. For the year, 250,790 Fits were sold in Japan. In December, Honda's Life mini- vehicle (11,869 units), Mobilio (8,381 units) and Accord (6,386 units) also enjoyed brisk sales.

Mini vehicle sales were down 14.5% in December, and down 1.9% for 2002.

Export shipments from Japan in December were up sharply again, gaining 22.7%, mainly because of increased shipments to Europe and North America.



Honda Production, Sales And Exports - December 2002


PRODUCTION

  Dec. Units Vs. 12/01 Annual Total Units Vs. 2001 Fiscal Total Units Vs. 01/4-12
Domestic (CBU+CKD) 114,381 + 2.5% 1,386,379 + 7.9% 1,042,834 + 7.3%
Overseas (CBU only) 103,767 + 14.8% 1,514,408 + 10.8% 1,145,427 + 13.7%
Worldwide Total (*) 218,148 + 8.0% 2,900,787 + 9.4% 2,188,261 + 10.5%
(*)-except overseas CKD


REGIONAL PRODUCTION

  Dec. Units Vs. 12/01 Annual Total Units Vs. 2001 Fiscal Total Units Vs. 01/4-12
North America 75,527 + 11.7% 1,113,755 + 4.5% 833,708 + 7.0%
(USA only) 51,698 + 16.9% 752,737 + 8.4% 567,218 + 11.4%
Europe 12,402 + 31.6% 176,698 + 54.8% 134,453 + 52.4%
Asia 13,106 + 27.4% 173,417 + 27.4% 138,622 + 35.8%
Others 2,732 - 11.4% 50,538 - 1.0% 38,644 + 1.4%
Regional Tot. 103,767 + 14.8% 1,514,408 + 10.8% 1,145,427 + 13.7%


SALES

Vehicle type Dec. Units Vs. 12/01 Annual Total Units Vs. 2001 Fiscal Total Units Vs. 01/4-12
Passenger cars & light trucks 55,334 + 3.3% 613,959 + 7.9% 447,121 + 2.9%
(Imports) 1,706 + 61.1% 9,786 + 8.0% 7,090 - 3.0%
Mini vehicles 21,201 - 14.5% 288,699 - 1.9% 208,710 - 0.7%
TOTAL 76,535 - 2.3% 902,658 + 4.6% 655,831 + 1.7%


EXPORTS

  Dec. Units Vs. 12/01 Annual Total Units Vs. 2001 Fiscal Total Units Vs. 01/4-12
North America 27,042 + 6.1% 299,021 + 8.2% 228,743 + 20.3%
(USA only) 24,461 + 3.7% 266,254 + 4.7% 203,357 + 15.3%
Europe 8,484 + 91.3% 73,186 + 18.3% 58,656 + 31.6%
Asia 1,382 - 1.1% 31,685 + 5.5% 25,487 + 23.5%
Others 6,745 + 59.2% 71,904 + 51.7% 58,790 - 5.3%
TOTAL 43,653 + 22.7% 475,796 + 14.5% 371,676 + 30.2%