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Honda Sets New Records for Domestic and Overseas Production
Author: RyanThomas
Asian car manufacturers have been enjoying much success for the past months. Whether in production or in sales, they have been doing better than their counterparts who are based in the US. In fact, these Asian car makers are expected to combine for more than half of the US market share some time later this year. With problem after problem plaguing the US based auto manufacturers, Asian car makers look like they might do just that. Honda is one of the more prominent car manufacturers from Asia that has had worthy success doing business in the United States and everywhere else.
Recently, the Japanese car maker announced their automobile production, domestic sales, and export figures for the first month of 2007. Honda made a worthy start this year by posting record figures for sales, production, and export. Both the domestic and overseas production of Honda has increased their overall production figure for the past month which is surely higher than the same period last year. This is the nineteenth month that Honda has broken their production record for the past year. The momentum started back in August of 2005 and it looks as if the trend will not be changing in the near future, thanks to their lineup of cars that has captured the attention and the interest of quite a number of car buyers.
Their production domestically is up by 3.3 percent. They have managed to produce 104,161 units domestically. In their North American plants and those in Asia excluding Japan, they have produced 212,173 units for the past month. This figure is 16.6 percent higher than their output last year for the same period. All in all, Hondas total production worldwide is 316,334 units which is 11.9 percent higher than January 2006s production figures.
In North America, their facilities in the United States produced 89,963 units which is an improvement of 10.1 percent over their production in the region in January of last year. In Europe, they managed to produce 18,210 units which is 6.6 percent higher than last years January figures. In China, the Japanese car maker made a very large step forward. Their facilities in China produced 35,640 units which is a 69.3 percent increase over January of 2006. This shows that Honda is committed to further increase their brands popularity not only in North America but also in other parts of the world.
Domestically, Honda suffered a minor setback in their sales of new vehicles which was down by one percent from last years January sales figures. While their total sales in Japan has decreased, their sales of mini-vehicles on their turf increased by .4 percent. This is still worthy news since mini-vehicle demand is still growing and that is a sign for more sales in the near future. The decrease in their sales for January this year marks only the first time in the last three months since October 2006 while the increase in the sale of mini-vehicles have been steadily increasing for the past three months starting in November of last year.
In terms of exports, Honda is doing very well too. For January of this year, they have exported a total of 66,799 units which is an 18 percent increase over last years export in January. They have managed to sell their products in different territories with the efficiency that can be likened to a Nissan air filter or a Honda air filter for that matter. In North America, they exported 38,574 units for an increase of 45.3 percent. Of that total for North America, 36,880 are exported to the US which is a 53.4 percent improvement over January 2006s export figure.
Article Source: http://www.articlesbase.com/cars-articles/honda-sets-new-records-for-domestic-and-overseas-production-111616.html
About the Author:Ryan Thomas is a native of Denver, Colorado. He grew up in a family of car afficionados. He now resides in Detroit where he owns a service shop and works part time as a consultant for a local automotive magazine.
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Keywords:
percent production honda january sales year last units figures north