American Honda Motor (HMC) Reports Increase in Total June Sales; Acura Division Down 16.4%

July 1, 2008 2:09 PM EDT

American Honda Motor Co. (NYSE: HMC) announced total June sales of 142,539, up 13.8% on a daily-selling-rate basis, setting a new record for the month. Reflecting a shifting automotive marketplace, total car sales set a new June record for the first time since 1990 at 97,639, up 34.2% versus last year. Year-to-date American Honda sales are up 4.8% to 798,358.

Honda Division sales rose 17.9% over last year to a new June record of 130,083, driven by record car sales which increased 41.4% to 89,947. The fuel-efficient Fit posted its best month ever with sales of 10,003, up 100.5%, while Civic hit a new June record, up 23.1% to 39,967, and Accord rose 54.5% to 39,704.

Honda Division light-truck sales of 40,136 reflect a decrease of 14.2%. Honda Division sales are up 7.4% to 720,444, year-to-date.

Acura Division sales totaled 12,456. Sales of the completely redesigned 2009 TSX sports sedan increased 27.5% and set a new June record of 3,869. The TSX sports sedan posted best-ever June sales, making it Acura's top-selling vehicle for the month as the luxury division posted June sales of 12,456 units, down 16.4% based on the daily-selling-rate. Acura year-to-date sales of 77,914 are down 14.3% versus 2007.

HONDA MOTOR CO., LTD. is a Japan-based company primarily engaged in the development, production and sale of various motor products.[SM]


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