Honda European unit sales +7.8 percent for 2017/18Honda has announced that Group motorcycle unit sales for its financial year ended March 31, 2018 (its fourth quarter and full year 2017/2018) were 17.661 m units worldwide for an operating margin of 9.9 percent, and that it expects to sell 19.554 m units this year at a 13.1 percent operating margin, with unit sales exceeding 20 m units in 2019.
Honda says the growth is due mainly to sales [and capacity] growth in India, Vietnam and Thailand. Honda Group unit sales include those of Honda and its subsidiaries and affiliates; on a consolidated basis, motorcycle unit sales were 11.237 m units for 2017/18 and are expected to be 12.954 m this year.
Indian sales set a new record at 5.775 m units, which was +22.2 percent over 2016/17. Total worldwide fourth quarter Group unit sales were 4.747 m, which was +11.7 percent. On a consolidated basis, fourth quarter European unit sales were 61,000 units; 234,000 for the financial year (+7.8 percent). In North America fourth quarter consolidated sales were 81,000 units and 313,000 units for the full year (+6.5 percent).
