News Releases 2004

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Corporate
Japan
February 24, 2004

Honda's January Domestic Sales Grow 7.9%

February 24, 2004 -- Honda Motor Co., Ltd., announced today a strong rebound in domestic sales in January, with overall growth up 7.9% over the same month in 2003, led by a 37.7% rise in mini-vehicle sales.

The January domestic market sales surge was led by the new Odyssey (12,224 units) and Life (11,273 units). 

Production for the month was up 42.7% in Asia, but down 14% in North America and 7.2% in Europe. 

Exports in January were up 2.2%, the first increase since June 2003, mainly because of increased shipments to North America.

PRODUCTION, SALES, EXPORTS (January 2004)

PRODUCTION

  January
Units vs.1/03
Domestic 90,902 -15.9%
Overseas (CBU only) 149,886 -4.3%
Worldwide Total * 240,788 -9.0%

* excludes overseas CKD

REGIONAL PRODUCTION

  January
Units vs.1/03
North America 100,411 -14.0%
(USA only) 66,127 -15.3%
Europe 17,464 -7.2%
Asia 26,905 +42.7%
Others 5,106 +123.2%
Regional Total 149,886 -4.3%

SALES

Vehicle type  January
Units vs.1/03
Passenger Cars
& Light Trucks
33,066 -3.0%
(Imports) (720) -45.0%
Mini Vehicles 17,144 +37.7%
Honda Brand TTL 50,210 +7.9%

EXPORTS

  January
Units vs.1/03
North America 20,804 +7.2%
(USA only) 19,327 +7.6%
Europe 12,376 -8.8%
Asia 830 -49.4%
Others 8,114 +22.8%
Total 42,124 +2.2%