Industry dynamics

Honda China sales drop 15.3% YoY in May

Publishtime:1970-01-01 08:00:00 Views:51

Honda China sales drop 15.3% YoY in May

Shanghai (ZXZC)- Honda delivered a total of 99,263 vehicles in China last month, dropping 15.3% year on year. Both GAC Honda and Dongfeng Honda saw year-on-year decrease of 12.9% and 17.7% last month, with 51,141 units and 48,122 units delivered respectively. By the end of May, 2018, the Japanese automaker’s cumulative sales in China have already exceeded 10 million units, according to Honda China.

Honda China sales drop 15.3% YoY in May

For the first five months this year, two joint ventures delivered 501,116 vehicles in total, edging down 6.5% from a year ago. GAC Honda saw a slight year-on-year drop of 1.8% in year-to-date sales to 276,328 units. Meanwhile, Dongfeng Honda Jan-to-May deliveries shrank by 11.6% over the previous year to 224,788 units.

According to the data, both Honda and Acura under GAC Honda experienced year-on-year decline last month. Honda brand delivered 50,625 units in May, falling 11.4% year on year. The deliveries of the Accord slumped 59.2% over a year ago to 4,976. In addition, the May deliveries of the Odyssey showed a year-on-year surge of 41.9% to 3,790 units, while its year-to-date deliveries edged down 2.1% from the previous year to 17,825 units.

With respect to Acura, both deliveries of the RDX and the CDX suffered year-on-year plunge over 70%.

It seems that the aftermath of CR-V engine issue still continued. The deliveries of the CR-V still faced a year-on-year sales plummet of 77.4%, with 3,325 units delivered in May. Dongfeng Honda has filed a plan to China’s State Administration for Market Regulation to recall a total of 130,455 CR-Vs equipped with a 1.5-litre turbo engine, according to a governmental notice released on May 16. Additionally, the monthly deliveries of the GREIZ and GIENIA reached only 793 units and 892units respectively, plunging 73.5% and 69.4% from a year ago. The automaker achieved booming performances over the ELYSION and the UR-V, whose May deliveries surged 133.9% and 42.2% year on year respectively. It is worth mentioning that the year-to-date deliveries of the UR-V splendidly increased by 256.3% to 19,490 units from 5,470 units in year-ago period.