|Honda Achieves Record High Global and Overseas Production; Represents 8th Consecutive Year of Increased Production|
|TOKYO, Japan, April 27, 2005– Honda Motor Co., Ltd. today announced automobile production, sales and export results for the fiscal year ended March 31, 2005 (FY05) and for the month of March 2005. Honda set a new all-time fiscal year record for global auto production with more than 3.25 million units in FY05 due to record-high annual production in the North America, Europe, and Asia regions.
Domestic production for FY05 increased 7.5% compared to the previous fiscal year, while production in March 2005 increased by 2.4% compared to the same month last year. The increase was due mainly to the increased production of export models.
Overseas production for FY05 increased 9.9% compared to the previous year due to strong production in Asia, especially China. Production for March 2005 increased 8.8% compared to the same month a year ago due to increased production in Europe and Asia.
Combining strong Japanese domestic and overseas results, worldwide production for FY05 totaled approximately 3.25 million units, an 8.9% increase compared to the previous fiscal year. It is the 8th consecutive year, dating back to 1997, for Honda to increase overseas production as well as worldwide production.
Domestic sales for FY05 fell 2.1% compared to the previous year, while sales for the month of March declined 7.4% compared to the same month a year ago. Total sales of passenger cars and light trucks increased slightly in FY05 compared to last year due to strong sales of new models introduced earlier in FY05. However, overall sales declined due primarily to stabilizing demand for the Life and Odyssey, which were introduced in late 2003.
Total exports for FY05 increased 12.0% compared to the previous fiscal year, while exports for the month of March increased 6.1% compared to the same month last year. Strong sales in Europe of the Accord Diesel and Jazz (Fit in Japan) throughout the fiscal year as well as strong sales in North America of the all-new Acura RL (Legend in Japan) and Accord Hybrid in the latter half of the fiscal year contributed to the increase in total exports.
PRODUCTION, SALES, EXPORTS (April 2005)