Honda has announced third quarter (the period to December 31st 2016) Honda Group unit sales of 4,407,000 units worldwide (+2.6 percent) and of 2,654,000 units worldwide (+0.8 percent) on a consolidated basis (excluding partnership, licensed and joint venture production businesses).
For the nine months to December 31st 2016, Honda Group unit sales were 12,882,000 units; consolidated unit sales were 7,939,000 units.
In Europe third quarter Group unit sales were 33,000 units; in North America, they were 69,000 units; in Japan they were 41,000 units. In Asia unit sales increased in Pakistan, Vietnam and Indonesia; decreased in India due to the impacts of India’s demonetisation of high denomination bank notes; and decreased in Brazil and some smaller markets.
For the nine months to December 31st 2016 unit sales in Europe were 147,000 units; in North America they were 219,000. Honda say the sales revenue generated from motorcycle sales was +19.7 percent on a Group basis (+4.5 percent consolidated) for the third quarter; +85.3 percent on a Group basis for the first nine months of the current financial year (to December 31st 2016) (+6.2 percent consolidated).
Honda has reduced its 12-month Group and consolidated unit sales forecasts, but is still projecting that 2016/2017 will be up on the prior financial year, with Europe flat and North America modestly down.
