![]() The remaining RDX saw a 14% decrease, selling only 6,809 units. Acura sold just over 7,000 units of the newly resurrected Integra, which was not in the lineup last year. Acura’s core model, the popular MDX, was up 12%, selling 15,223 units. sales were up by 18.5% to 33,465 units, beating the market, and its market share was up to 0.93%, a gain of 0.09 percentage point.Īcura had only two models post sales gains – the TLX and the volume-leading MDX SUV. All but one of Honda’s models was up in quarterly sales – Accord 2%, Civic 18%, CR-V -15%, Pilot 3%, Odyssey 77% and Ridgeline 41%. But the Honda brand increase was less than the market increase and that pushed its market share down 0.14 percentage point to 7%. ![]() Honda brand sales totaled 251,042 vehicles in the U.S., up 5.4%. SALES PERFORMANCE FOR Q4 FISCAL YEAR 2022 In 2021, Honda owned nearly 9% of the U.S. sales totaled 284,507 in its fourth quarter, up 6.8% from the same quarter a year ago, but total market share dropped almost imperceptibly to 7.9%, down only 0.05 percentage point. Sales Up, Market Share Down from Year-Ago LevelsĪmerican Honda’s U.S. Here are some data points from Cox Automotive on Honda’s quarterly market performance in the U.S. It also increased its average transaction price (ATP) by 5% to $38,655. Honda raised incentives by 5% to $1,217 per vehicle, the first bump since 2021. Even with inventory hovering at just under 30 days’ supply, Honda saw increased sales. Still experiencing chip shortages, Honda has told dealers that inventories would not be fully recovered until the fall of 2023. Still, for the past year, Honda has had one of the lowest inventories among automakers in the U.S. That led to a nearly 7% rise in sales for the full quarter, after a decline in the same quarter the year earlier. Honda and Acura combined sales in March resulted in the automaker’s best month since July 2021. In the U.S., the automaker has seen improvement in supply that resulted in a sales gain. ![]() In February, the Japanese automaker said the chip shortage was bottoming out but would probably drag on through the second half of this year.įinancial results for the quarter that ended March 31, the end of Honda’s fiscal year, are set to be reported in Tokyo on May 11, which should show if there has been further improvement yet in production and sales as was seen in Honda’s third quarter. Honda Motor Company has struggled with chip shortages and COVID outbreaks that have hampered production. ![]()
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