Honda Expects 5% Rise in Global Unit Car Sales for 2005
Posted on: Tuesday, 20 December 2005, 12:00 CST
By Kyodo News International, Tokyo
Dec. 20--TOKYO -- Honda Motor Co. expects its car sales to have risen some 5 percent in 2005 over the previous year to 3.35 million vehicles worldwide due largely to strong sales in the United States and China, the company's president said Tuesday.
As for 2006, Honda's U.S. car sales are estimated to rise 4 percent to 1.51 million vehicles, and sales in China are seen surging 35 percent to 350,000 vehicles, Takeo Fukui also said.
Fukui did not disclose the company's global sales forecast for 2006.
In the United States, where fuel-efficient subcompacts are selling well because of the recent spike in oil prices, Honda plans to introduce the Fit subcompact in the spring of 2006 in addition to its all-new Civic, strengthening the lineup with excellent fuel economy and environmental performance, the automaker said.
The company is boosting its output capacity in China in the belief that car sales there will likely exceed those in Japan in 2006 and will launch its luxury Acura brand next year in China, it said.
Honda aims to bolster domestic sales, which are expected to have dropped 3.1 percent to 720,000 vehicles in 2005, by revamping its sales networks.
It will also consider increasing the capacity for turning out so-called "eco-friendly" engines and hybrid systems in Japan, Fukui added.
-----
To see more of Kyodo News International, go to http://www.kyodonews.com
Copyright (c) 2005, Kyodo News International, Tokyo
Distributed by Knight Ridder/Tribune Business News.
For information on republishing this content, contact us at (800) 661-2511 (U.S.), (213) 237-4914 (worldwide), fax (213) 237-6515, or e-mail reprints@krtinfo.com.
HMC, 7267,
Source: Kyodo News International, Tokyo
Related Articles
- Green Energy Resources Signs $15 Million Sale of Woodchips to China
- Research and Markets : China Electrical Machinery Industry Report, 2005-2006
- Over Sixty Percent of Mainland China Exporters Spending More on Quality Control -- Global Sources Survey
- China Supplier Survey Shows 70 Percent of Mainland China Manufacturers Plan to Raise Export Prices in the Next 12 Months
- ProLogis to Develop 661,000-Square-Foot Industrial Facility Near Tokyo's Narita International Airport
- Steel Giant Arcelor Agrees to Buy 38 Percent Stake in China's LaiwuSteel
- L'Oreal Sales in China Up 15.2 Pct in 2005
- Over 85 Percent of China's TB Victims Recover in 2005
- Yearender: Frequent Calamities Test China's Emergency Response Capability in 2005
- PatientKeeper Reports Record Sales and Product Deployments in the First Half of 2005
 |
 |
User Comments (0)
RSS Feeds