Industry dynamics

Honda China sales fall 9.9% YoY in August

Publishtime:2019/08/16 Views:46

Honda China sales fall 9.9% YoY in August

Shanghai (ZXZC)- Honda Motor saw its China sales drop 9.9% from the year-ago period to 117,188 units, according to the sales data released by Honda China. For the first eight months, the automaker delivered a total of 832,248 vehicles in the world’s largest auto market, a year-on-year decline of 7.1%.

Honda China sales fall 9.9% YoY in August

GAC Honda suffered a slight year-on-year drop of 2.7% in August sales with 58,613 vehicles delivered. For the first eight months, the joint venture witnesses its cumulative sales edge down 0.4% compared with the same period a year ago.

The sales of Honda branded cars amounted to 57,953 units in total, edging down 1.6% over the previous year. The best seller was the VEZEL whose August sales slightly fell 3.5% from a year earlier to 13,510 units. The sales of the Accord, another hotter-selling model, evidently grew 16.6% to 12,445 units. However, the August sales of the City, the CRIDER, the VEZEL and the AVANCIER all presented year-on-year decrease to different degrees, which led to the downturn in overall monthly sales.

The premium brand Acura continued a depressed sales performance with only 660 vehicles delivered last month, a year-on-year slump of 51.9%.

Dongfeng Honda posted a year-on-year drop of 16.1% with 58,575 vehicles handed over in August. From January to August, the joint venture sold 381,402 vehicles with a year-on-year decline of 13.9%.

Apart from the CIVIC and the ELYSION, most models of Dongfeng Honda faced year-on-year reduction in August. The monthly sales of the CR-V, the second best seller, shrank 16.1% over the previous year to 13,196 units. However, the sales of the best seller CIVIC significantly jumped 43.1% from the year-ago period, which somewhat offset the overall sales downturn.