News Releases 2004

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Corporate
Japan
January 26, 2004

Honda Overseas Production Grew 18.8% In 2003

January 26, 2004 -- Honda Motor Co., Ltd., announced today that overseas production grew 18.8% in 2003 to set a new record, led by strong growth in Asia [+65.1%] and North America [+11.1%]. Global production also rose by 2.4% for the year. Overseas production at Honda has now increased for seven consecutive years.

At home, 2003 sales fell 18.6% overall. For the month of December, sales of mini-vehicles were up 3.2%, the third consecutive monthly increase. Honda's Life mini-vehicle (14,200 units) was the best seller for the month, followed by the new Odyssey (13,148 units) and Fit (10,988 units).

Exports in December were down 1.6%, the sixth straight month of decline, predominantly due to decreased shipments to North America.

PRODUCTION, SALES, EXPORTS (December 2003)

PRODUCTION

  December Annual Total-2003 Fiscal Year** Total
Units Vs.12/02 Units Vs.2002 Units vs.’02FY
Domestic 101,591 -11.2% 1,170,941 -15.5% 861,803 -17.4%
Overseas (CBU only) 138,008 +31.9% 1,797,375 +18.8% 1,332,070 +16.3%
Worldwide Total * 239,599 +9.4% 2,968,316 +2.4% 2,193,873 +0.3%

* excludes overseas CKD 
**(04/2003~12/2003)

REGIONAL PRODUCTION

  December Annual Total-2003 Fiscal Year** Total
Units Vs.12/02 Units Vs.2002 Units vs.’02FY
North America 86,381 +14.4% 1,237,544 +11.1% 900,851 +8.1%
(USA only) 58,187 +12.6% 845,314 +12.3% 614,396 +8.3%
Europe 14,042 +13.2% 184,702 +4.5% 132,873 -1.2%
Asia 32,069 +138.7% 308,545 +65.1% 244,943 +64.5%
Others 5,516 +70.8% 66,584 +85.9% 53,403 +91.8%
Regional Total 138,008 +31.9% 1,797,375 +18.8% 1,332,070 +16.3%

SALES

Vehicle type December Annual Total-2003 Fiscal Year** Total
Units vs. 12/02 Units Vs.2002 Units Vs.2002
Passenger Cars
& Light Trucks
39,506 -28.6% 479,895 -21.8% 324,637 -27.4%
(Imports) (972) -43.0% (19,858) 102.9% (14,380) 102.8%
Mini Vehicles*** 21,873 +3.2% 255,087 -11.6% 193,048 -7.5%
Honda Brand TTL 61,379 -19.8% 734,982 -18.6% 517,685 -21.1%

***preliminary figures

EXPORTS

  December Annual Total-2003 Fiscal Year** Total
Units Vs.12/02 Units Vs.2002 Units vs.’02FY
North America 17,440 -35.5% 242,129 -19.0% 181,957 -20.5%
(USA only) 16,055 -34.4% 215,765 -19.0% 163,297 -19.7%
Europe 15,626 +84.2% 118,214 +61.5% 84,924 +44.8%
Asia 1,679 +21.5% 20,315 -35.9% 15,690 -38.4%
Others 8,218 +21.8% 84,995 +18.2% 68,838 +17.1%
Total 42,963 -1.6% 465,653 -2.1% 351,409 -5.5%