|Honda Achieves Global Production Record for January|
|TOKYO, Japan, February 24, 2005– Honda Motor Co., Ltd. today announced production, domestic sales, and export results for the month of January 2005. Honda established a new record for global auto production for the month, as Japanese domestic production showed a substantial increase, while Asia and overseas production hit all-time January records.
Domestic production in January increased 16.6% compared to the same month a year ago due primarily to the production of new models that are popular in North America and Europe. Overseas production increased 9.6% compared to the same month a year ago, exceeding the previous year’s record for the 12th consecutive month. Growth of production in Asia, especially China, continues to be a key contributor to the growth in overseas production. For the month, Honda achieved all-time records for Asia production, overseas production, and worldwide production.
Domestic sales for the month of January fell 18.3% compared to the same month a year ago. The decline was due primarily to stabilizing demand for the all-new Life, which debuted in September 2003, and the all-new Odyssey, introduced in November 2003. The Honda Fit was Honda’s best-selling car for the month and the industry’s third best-selling model for the month on sales of 7,797 units. The Life and Odyssey, with sales of 6,688 and 5,379 units, respectively, were Honda’s second and third best-selling models.
Total exports in January increased 14.6% compared to the same month a year ago. Strong sales in North America of the all-new Acura RL and the new Accord Hybrid, introduced in December 2004, and continued strong sales of Accord Diesel in Europe contributed to the overall increase in exports. Overall exports exceeded the total from the same month a year ago in each of the past five consecutive months.
PRODUCTION, SALES, EXPORTS (January 2005)