Honda Reports June 2012 Sales Figures
American Honda, no longer hampered by last year's earthquake, posted its strongest June sales since 2008. Sales were up 49 percent over last year.
Honda's June 2011 inventories were severely crimped by the March 2011 earthquake, skewing Honda's June sales comparisons.
Still, the June sales -- 124,808 cars and light trucks -- were strong enough to help the company recover market share. Honda captured 9.7 percent of the U.S. market last month, up from 8 percent in June 2011.
For the year, Honda's market share remains flat at 9.6 percent.
The recently redesigned CR-V crossover had its sixth-consecutive monthly sales record and its best June ever. The outgoing Accord, scheduled for a September redesign, is moving well in sell-down mode; more than 28,000 units were sold. Despite mixed reviews of the Civic, Honda's compact continues to sell well, with 27,500 sales.
"With robust inventories and great customer demand, it feels good to be back in the race," John Mendel, American Honda executive vice president of sales, said in a release. "The strong performance of our core models, including another record-breaking month for the CR-V, demonstrates the fundamental competitiveness of Honda products," Mendel said.
The only downside was continued slow sales of the Insight and CR-Z hybrids. Honda has restricted sales of the models in the United States to protect profits stemming from the strong yen back home, where the Insight and CR-Z are assembled.
On the Acura side, sales advanced 77 percent to 15,370 units. The redesigned RDX crossover had its best month ever, making it the best-selling compact luxury SUV. The MDX mid-sized crossover continues to a strong volume leader. The ILX compact sedan had its first full month of sales, so inventories are still trickling in to dealerships. Despite rumors that it would be discontinued when the ILX arrived, the TSX sedan shows little sign of letting up.
"The weather may be too hot in many parts of the country, but Acura sales are continuing to heat up," Jeff Conrad, vice president of Acura sales, said in a statement. "With our light trucks setting records and our volume sedans showing major increases, it's going to be a great summer for Acura."
Read more: http://www.autonews.com/article/20120703/RETAIL01/120709955#ixzz1zcCZD5a3
American Honda, no longer hampered by last year's earthquake, posted its strongest June sales since 2008. Sales were up 49 percent over last year.
Honda's June 2011 inventories were severely crimped by the March 2011 earthquake, skewing Honda's June sales comparisons.
Still, the June sales -- 124,808 cars and light trucks -- were strong enough to help the company recover market share. Honda captured 9.7 percent of the U.S. market last month, up from 8 percent in June 2011.
For the year, Honda's market share remains flat at 9.6 percent.
The recently redesigned CR-V crossover had its sixth-consecutive monthly sales record and its best June ever. The outgoing Accord, scheduled for a September redesign, is moving well in sell-down mode; more than 28,000 units were sold. Despite mixed reviews of the Civic, Honda's compact continues to sell well, with 27,500 sales.
"With robust inventories and great customer demand, it feels good to be back in the race," John Mendel, American Honda executive vice president of sales, said in a release. "The strong performance of our core models, including another record-breaking month for the CR-V, demonstrates the fundamental competitiveness of Honda products," Mendel said.
The only downside was continued slow sales of the Insight and CR-Z hybrids. Honda has restricted sales of the models in the United States to protect profits stemming from the strong yen back home, where the Insight and CR-Z are assembled.
On the Acura side, sales advanced 77 percent to 15,370 units. The redesigned RDX crossover had its best month ever, making it the best-selling compact luxury SUV. The MDX mid-sized crossover continues to a strong volume leader. The ILX compact sedan had its first full month of sales, so inventories are still trickling in to dealerships. Despite rumors that it would be discontinued when the ILX arrived, the TSX sedan shows little sign of letting up.
"The weather may be too hot in many parts of the country, but Acura sales are continuing to heat up," Jeff Conrad, vice president of Acura sales, said in a statement. "With our light trucks setting records and our volume sedans showing major increases, it's going to be a great summer for Acura."
Read more: http://www.autonews.com/article/20120703/RETAIL01/120709955#ixzz1zcCZD5a3
