Thursday, November 10, 2011

Honda sales plunge 41% in May - Houston Business Journal:

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’s American sales arm, , reported on Tuesda y that the automakersold 98,344 vehicles nationwide in May. A year ago, demandd for fuel-efficient vehicles had sent Honda to a record month of salesat 167,997 vehicles. That represents a drop of 41 percent from ayear ago, when prices at the pump were highet and the automobile industry hadn’rt yet hit crisis mode. Columbus Business First reports monthlty sales unadjusted for the differences in the numbet of selling days yearto year. Honda’s sales in May, taking into accounf one fewer selling day last fell39 percent.
Leading the decline in monthly sale for May wasthe company’s flagship which saw a 42 percent drop in sales at 88,875 vehicles. Its luxury Acura division saw salez fall 36 percentto 9,469 vehicles. Honda sales in the first five months of the year fell 34 percentyto 430,358 vehicles, compared with 655,819 a year ago. That account for a 34 percent drop in Honda salewat 387,556 vehicles and a 35 percenft decline in Acura sales at 42,802. Marysville-basedr employs more than 12,000 workers at assembly and enginde plants in and aroundsCentral Ohio, where they produce Honda Civics, CR-Vs, Elements and Acura TLs and RDXs.

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