American Honda Motor Co. (HMC) Reports 28% Decline in October Sales

November 3, 2008 2:18 PM EST
American Honda Motor Co. (NYSE: HMC) posted October sales of 85,864, a decline of 28.0% based on the daily selling rate, compared to record October 2007 results. American Honda year-to-date sales of 1,266,447 represent a 3.6% decrease.

Honda Division posted October sales of 75,756, a decline of 28.4% versus October 2007. The Fit achieved an October record of 6,478, up 28.1% in its second month available as a completely redesigned 2009 model.

The Acura Division posted sales of 10,108, a decrease of 24.5% compared to October 2007. The TL, with sales of 4,340, increased 22.2% in its first full month available as a completely redesigned 2009 model. Acura total car sales are up 2.0%.

Honda Motor Co., Ltd. (Honda) develops, produces and manufactures a variety of motor products, ranging from small general-purpose engines to specialty sports cars that incorporate Honda’s internal combustion engine technology.[SM]

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