Honda Motor Company
North America is the largest single market for Honda. In 2016, North America accounted for 56% of the company’s total revenue. Being a Japanese automaker, the company reports its annual results from April to March.
Firm December sales
In December 2016, American Honda Motor Company reported a year-over-year (or YoY) rise of 6.4% to 160,000 vehicle units, compared to 151,000 units in the previous year. In November, the company’s US sales also rose 6.5% to 123,000 vehicle units.
For the month, the company’s US car sales fell 4% YoY, while its truck sales rose 17.4% YoY.
Honda manufactures the majority of its cars in the United States and imports a small portion from Japan to sell in the US market. Interestingly, the company’s US manufactured car sales fell 15.4% YoY in December, but its imported car sales rose 208% YoY.
Annual growth in all segments
In 2016, American Honda sold ~1.6 million units in the US market with a YoY rise of 3.2%. Notably, Honda was the only automaker among other mainstream automakers (XLY) such as General Motors (GM), Ford Motor Company (F), and Toyota to report a YoY rise in its 2016 car sales.
Honda’s car sales rose 1.1% YoY in 2016, while its truck sales for the year rose 5.6% YoY.
Read on to the next article to learn about Volkswagen’s US sales in 2016.