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American Honda Reports 2008 Annual and December Monthly Sales
 Date: January 05, 2009 13:14
 Submitted by:  JeffX
 Source: Honda Press Release
 Credibility Rating: Not Specified


Civic and Fit post gains for the year



01/05/2009 - TORRANCE, Calif. -

American Honda Motor Co., Inc., today reported 2008 annual vehicle sales of 1,428,765, a decrease of 8.2 percent compared to 2007 results on a daily selling-rate* basis. American Honda's December sales totaled 86,085, a decrease of 34.7 percent.

Honda Division's 2008 annual sales of 1,284,261 decreased 6.7 percent compared to 2007. Honda Division's December monthly sales of 75,405 represent a decrease of 34.0 percent compared to 2007. Annual total car sales of 794,421 for the Honda Division increased 1.0 percent and set a record for the fourth consecutive year. The division's truck sales decreased by 16.9 percent to 489,840.

Accord, the top-selling Honda model for 2008, achieved annual sales of 372,789, down 5.3 percent. December Accord sales decreased 28.5 percent, to 22,348. Civic sales totaled 339,289 for the year, up 2.1 percent. December Civic sales decreased to 17,302, down 36.4 percent. Annual Fit sales of 79,794, up 40.9 percent, set a record for the third consecutive year. December Fit sales decreased 1.5 percent, to 5,039.

"American Honda's sales mirror the industry's current condition," said Dick Colliver, executive vice president of American Honda Motor Co., Inc. "We believe Honda will be in a strong position when the market stabilizes."

The Acura Division's total year-end sales of 144,504 vehicles represented a decline of 20.0 percent. December Acura sales totaled 10,680, down 39.3 percent. The Acura TL led the division with annual sales of 46,766, followed closely by the Acura MDX with sales of 45,377 - the previous best-selling Acura in 2007.

*The annual Daily Selling Rate (DSR) is calculated with 308 days for 2008, versus 307 for 2007. Both December 2007 and 2008 included 26 selling days. All percentages in this release represent DSR.





Last edited by JeffX on January 05, 2009 13:22

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