American Honda Posts Record Results for First Half of 2003
TORRANCE, Calif., July 1 -- Fueled by six consecutive months of record sales and continuing strong demand for Honda and Acura light truck models, American Honda posted a new all-time record for the first six months of the calendar year with sales of 669,033 units, an 8.7 percent increase over year-ago results and a 11.5 percent rise over the previous best of 603,926, set in 2001. American Honda also set a new June record on sales of 110,290 units for the month, up 8.7 percent over the same month last year.
"We have weathered a very difficult and competitive market by playing to the strength of our products and brands," said Dick Colliver, executive vice president of American Honda Motor Co., Inc. "We see some encouraging signs that the economy may be on the upswing, but the car market will remain a tough place to compete for a some time to come."
American Honda set a new all-time record for light truck sales in June and for the first six months of 2003. Light truck sales rose 30.9 percent for the month to 43,712 units, while year-to-date results jumped 39.9 percent over year-ago records to 263,145 units, putting the company on track toward its goal of more than 500,000 light truck sales for the full year.
Honda Division
The Honda Division posted new all-time records for total vehicle and light truck sales for the first half of 2003, along with record June sales of light truck models. Honda Division year-to-date sales rose 16.4 percent to 587,665 units, besting the previous record of 519,016 set in 2001, while June sales jumped 9.5 percent over year-ago totals to 95,932 units.
All three of Honda's established light truck models -- Odyssey, CR-V and Pilot -- posted record June sales, while the all-new Element continues to gain momentum since its launch in December of last year. Year-to-date sales of Honda light truck models rose 31.1 percent over year-ago totals to 235,685 units.
Acura Division
Acura sales rose 3.4 percent for the month to 14,358 on the strength of the highly successful MDX luxury sport-utility vehicle and the recently launched TSX sports sedan. Acura light truck sales rose 3.5 percent over year-ago results to set a new record of 27,640 units for the first six months of 2003. Total Acura sales of 81,368 are off 5.2 percent for the year.
American Honda Vehicle Sales For June 2003
Month-to-Date Year-to-Date
June June DSR** June June DSR**
2003 2002 % Chg. 2003 2002 % Chg.
American
Honda Total 110,290 109,958 8.7% 669,033 594,703 13.2%
Total Car
Sales 66,578 73,780 -2.2% 405,888 405,377 0.8%
Total Truck
Sales 43,712 36,178 30.9% 263,145 189,326 39.9%
Import
Car Sales 12,497 11,203 20.8% 92,262 69,571 33.5%
Honda
Division 7,544 7,536 8.4% 69,604 48,746 43.7%
Acura
Division 4,953 3,667 46.3% 22,658 20,825 9.5%
Import Truck
Sales 11,253 10,492 16.2% 70,386 73,613 -3.8%
Honda
Division 11,253 10,492 16.2% 70,386 73,613 -3.8%
Domestic Car
Sales * 54,081 62,577 -6.4% 313,626 335,806 -6.0%
Honda
Division 49,115 55,921 -4.9% 282,376 296,926 -4.3%
Acura
Division 4,966 6,656 -19.2% 31,250 38,880 -19.1%
Domestic Truck
Sales * 32,459 25,686 36.9% 192,759 115,713 67.7%
Honda
Division 28,020 20,966 44.8% 165,299 89,003 86.9%
Acura
Division 4,439 4,720 1.9% 27,460 26,710 3.5%
MODEL BREAKOUTS BY DIVISION
Honda
Division
Total 95,932 94,915 9.5% 587,665 508,288 16.4%
Accord * 30,817 33,117 0.8% 193,876 181,603 7.5%
Civic * 25,030 29,176 -7.1% 153,009 155,556 -1.0%
Prelude 0 82 9 1,852 -99.5%
S2000 732 904 -12.3% 4,295 5,364 -19.4%
Insight 80 178 -51.3% 790 1,297 -38.7%
FCX 0 1
Odyssey * 13,792 12,490 19.6% 79,212 77,202 3.3%
Passport * 4 217 -98.0% 60 3,063 -98.0%
Pilot * 8,311 8,259 9.0% 51,183 8,738 489.6%
CR-V 11,253 10,492 16.2% 70,386 73,613 -3.8%
Element * 5,913 34,844
* Domestic
Vehicle
Ttl 77,135 76,887 8.7% 447,675 385,929 16.8%
Accord 26,638 29,549 -2.3% 150,673 153,283 -1.1%
Civic 22,477 26,372 -7.7% 131,703 143,643 -7.7%
Passport 4 217 -98.0% 60 3,063 -98.0%
Pilot 8,311 8,259 9.0% 51,183 8,738 489.6%
Odyssey 13,792 12,490 19.6% 79,212 77,202 3.3%
Element 5,913 34,844
Acura Division
Total 14,358 15,043 3.4% 81,368 86,415 -5.2%
Integra 0 0 0 19
RSX 2,449 2,955 -10.2% 12,968 16,150 -19.2%
CL * 595 1,104 -41.6% 4,302 6,808 -36.4%
TL * 4,371 5,552 -14.7% 26,948 32,072 -15.4%
TSX 1,921 6,032
RL 559 697 -13.1% 3,515 4,538 -22.0%
NSX 24 15 73.3% 143 118 22.0%
MDX * 4,439 4,720 1.9% 27,460 26,710 3.5%
Selling Days 24 26 152 153
* Honda and Acura vehicles are made of domestic and global sourced parts.
** Daily Selling Rate
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