News – Cox Automotive Inc.

Cox Automotive Analysis: Honda Motor Company’s Quarterly U.S. Market Performance 11/08/2023 With the computer chip shortage easing since last year, American Honda Motor saw improved production and higher inventory. Better product availability has led to substantially higher U.S. sales of late and should help boost Honda Motor’s overall revenue when quarterly results are reported Nov. 9. Inventory on core models, in particular, improved significantly, prompting a 53% increase in U.S. sales of Honda cars and SUVs for… Read Article

Honda market performance Market Insights Data Point

Cox Automotive Analysis: Honda Motor Company’s Quarterly U.S. Market Performance 08/08/2023 American Honda Motor, plagued with supply chain issues for most of 2022, is on the rebound with increased production and vehicle inventory on dealer lots leading to a significant leap in U.S. sales for the first quarter of its 2024 fiscal year. Honda raised incentives by 67% to $1,393 per vehicle, the first bump since 2021. It also increased its average transaction price (ATP) by 2%… Read Article

Honda market performance Market Insights Data Point

Cox Automotive Analysis: Honda Motor Company’s Quarterly U.S. Market Performance 05/09/2023 Honda Motor Company has struggled with chip shortages and COVID outbreaks that have hampered production. In February, the Japanese automaker said the chip shortage was bottoming out but would probably drag on through the second half of this year. Financial results for the quarter that ended March 31, the end of Honda’s fiscal year, are set to be reported in Tokyo on May 11, which should… Read Article

Honda market performance Market Insights Data Point

Cox Automotive Analysis: Honda Motor Company’s Quarterly U.S. Market Performance 02/01/2023 Honda Motor Company reported lower combined Honda and Acura U.S. sales in December, marking 17 straight months of decline. Sales for Honda’s third quarter of fiscal year 2023 – the October-December quarter – also dropped, making it the sixth consecutive quarter of declines. For the past year, Honda had the lowest inventory of any automaker in the U.S. Honda attributes the drop in sales to a lack of inventory and ongoing… Read Article

Honda market performance Market Insights Data Point

Cox Automotive Analysis: Honda’s Quarterly U.S. Market Performance 11/08/2022 Few brands have been squeezed more on supply because of the global chip shortage than Honda, and it has been most hurt on sales. Honda reported lower U.S. sales in September, marking 14 straight months of decline; the last time the Honda brand posted a year-over-year sales gain in the U.S. was July 2021. Sales for the July-September quarter also dropped, making it the fifth consecutive… Read Article

Honda market performance Market Insights Data Point

Cox Automotive Analysis: Honda’s Quarterly U.S. Market Performance 08/09/2022 Honda has been warning investors that the global computer chip shortage and rising raw material costs would hurt profits. Just how much will become clearer when the Japanese automaker posts financial results on Wednesday, August 10, for the April-to-June quarter, the automaker’s first quarter of its fiscal year that started April 1. Honda said in May that its annual earnings would fall by 7% instead of… Read Article

Honda market performance Market Insights Data Point

Cox Automotive Analysis: Honda’s Quarterly U.S. Market Performance 05/12/2022 Honda posts financial results for the January-to-March quarter on May 13, the automaker’s final quarter of its fiscal year. In the U.S., its sales were down in the quarter as both Honda and Acura continue to have supply chain problems leading to low inventory. March saw U.S. sales decline for Acura for the seventh straight month and for Honda for the eighth straight month. At the… Read Article

Honda market performance Market Insights Data Point

Cox Automotive Analysis: Honda Quarterly U.S. Market Performance 11/04/2021 Honda reports quarterly financial results on Friday, November 5. The July-to-September period marks the second quarter of Honda’s fiscal year that ends March 31, 2022. In the U.S., Honda struggled with production cuts and low inventories throughout the quarter due to the global computer chip crisis. The Honda brand ranked at the bottom among automakers for inventory. Only Toyota had less. Its volume-leading models – the… Read Article

Honda market performance Market Insights Data Point

Cox Automotive Analysis: Honda’s Quarterly U.S. Market Performance 08/03/2021 Honda Motor Co. in Japan reports its financial results for the April-to-June quarter Wednesday, Aug. 4. The quarter is Honda’s first in its fiscal year that ends March 31, 2022. In the U.S., American Honda, which includes the Honda and Acura brands, far outperformed the industry in sales, setting new highs and gaining market share. While other automakers ditched traditional cars, Honda stuck with them, and… Read Article

Honda Market Insights Data Point

Cox Automotive Analysis: Honda Quarterly Market Performace 05/14/2021 Honda Motor in Japan reported earnings for its full fiscal year and the quarter that ended March 31, 2021. In the U.S., one of its most important markets, American Honda, which includes the Honda and Acura brands, significantly improved sales in the quarter, reduced incentives and gained in pricing. Here are data for the quarter from Cox Automotive on American Honda’s performance. Sales and Market Share… Read Article

Honda Market Insights Data Point