Honda Global Production Up 15.9% In January

February 26, 2003, Japan

Corporate

February 26, 2003 -- Honda Motor Co., Ltd., announced today that production both in Japan and overseas grew strongly in January, with its worldwide total up 15.9% over the same month in 2002, 

Japan production was up 8.6% while overseas production was up 21.5% over January 2002. Both overseas and worldwide production figures represent new records for the month. Domestic sales in January were off 9.6%, but the Fit again was the best-selling vehicle in Japan, totaling 13,996 units. Honda's Life mini-vehicle (6,252 units) and Mobilio (5,477 units) were Honda's other best-sellers for the month. 

Overall, mini vehicle sales were down 15.4% in January, while passenger car and light truck sales were off 7.3%, the first such decline since last September. 

Export shipments from Japan in January were up sharply again, gaining 15%, mainly because of increased shipments to Europe. 

Honda Production, Sales And Exports - January 2003

PRODUCTION

  Jan.
Units
Vs. 1/02
Domestic
108,018
+ 8.6%
Overseas CBU only)
156,251
+ 21.5%
Worldwide Total(*)
264,269
+ 15.9%
(*)-except overseas CKD    

REGIONAL PRODUCTION

  Jan.
Units
Vs. 1/02
North America
114,343
+ 17.6%
(USA only
78,056
+ 22.0% )
Europe
18,819
+ 32.9%
Asia
18,838
+ 35.1%
Others
4,251
+ 30.0%
Regional Total 156,251 + 21.5%

SALES

Vehicle type Jan.
Units
Vs. 1/02
Passenger Cars
& Light Trucks
(Imports
Mini Vehicles
34,087
1,309
12,447
- 7.3%
+ 114.9%)
- 15.4%
TOTAL 46,534 - 9.6%

EXPORTS

  Jan.
Units
Vs. 1/02
North America
19,409
- 16.5%
(USA only
17,967
- 16.5% )
Europe
13,571
+ 104.7%
Asia
1,641
- 9.6%
Others
6,609
+ 52.6%
TOTAL 41,230 + 15.0%