Honda Overseas Production Grew 18.8% In 2003
January 26, 2004, Japan
January 26, 2004 -- Honda Motor Co., Ltd., announced today that overseas production grew 18.8% in 2003 to set a new record, led by strong growth in Asia [+65.1%] and North America [+11.1%]. Global production also rose by 2.4% for the year. Overseas production at Honda has now increased for seven consecutive years.
At home, 2003 sales fell 18.6% overall. For the month of December, sales of mini-vehicles were up 3.2%, the third consecutive monthly increase. Honda's Life mini-vehicle (14,200 units) was the best seller for the month, followed by the new Odyssey (13,148 units) and Fit (10,988 units).
Exports in December were down 1.6%, the sixth straight month of decline, predominantly due to decreased shipments to North America.
PRODUCTION, SALES, EXPORTS (December 2003)
PRODUCTION
| December | Annual Total-2003 | Fiscal Year** Total | ||||
| Units | Vs.12/02 | Units | Vs.2002 | Units | vs.’02FY | |
| Domestic | 101,591 | -11.2% | 1,170,941 | -15.5% | 861,803 | -17.4% |
| Overseas (CBU only) | 138,008 | +31.9% | 1,797,375 | +18.8% | 1,332,070 | +16.3% |
| Worldwide Total * | 239,599 | +9.4% | 2,968,316 | +2.4% | 2,193,873 | +0.3% |
* excludes overseas CKD
**(04/2003~12/2003)
REGIONAL PRODUCTION
| December | Annual Total-2003 | Fiscal Year** Total | ||||
| Units | Vs.12/02 | Units | Vs.2002 | Units | vs.’02FY | |
| North America | 86,381 | +14.4% | 1,237,544 | +11.1% | 900,851 | +8.1% |
| (USA only) | 58,187 | +12.6% | 845,314 | +12.3% | 614,396 | +8.3% |
| Europe | 14,042 | +13.2% | 184,702 | +4.5% | 132,873 | -1.2% |
| Asia | 32,069 | +138.7% | 308,545 | +65.1% | 244,943 | +64.5% |
| Others | 5,516 | +70.8% | 66,584 | +85.9% | 53,403 | +91.8% |
| Regional Total | 138,008 | +31.9% | 1,797,375 | +18.8% | 1,332,070 | +16.3% |
SALES
| Vehicle type | December | Annual Total-2003 | Fiscal Year** Total | |||
| Units | vs. 12/02 | Units | Vs.2002 | Units | Vs.2002 | |
| Passenger Cars & Light Trucks |
39,506 | -28.6% | 479,895 | -21.8% | 324,637 | -27.4% |
| (Imports) | (972) | -43.0% | (19,858) | 102.9% | (14,380) | 102.8% |
| Mini Vehicles*** | 21,873 | +3.2% | 255,087 | -11.6% | 193,048 | -7.5% |
| Honda Brand TTL | 61,379 | -19.8% | 734,982 | -18.6% | 517,685 | -21.1% |
***preliminary figures
EXPORTS
| December | Annual Total-2003 | Fiscal Year** Total | ||||
| Units | Vs.12/02 | Units | Vs.2002 | Units | vs.’02FY | |
| North America | 17,440 | -35.5% | 242,129 | -19.0% | 181,957 | -20.5% |
| (USA only) | 16,055 | -34.4% | 215,765 | -19.0% | 163,297 | -19.7% |
| Europe | 15,626 | +84.2% | 118,214 | +61.5% | 84,924 | +44.8% |
| Asia | 1,679 | +21.5% | 20,315 | -35.9% | 15,690 | -38.4% |
| Others | 8,218 | +21.8% | 84,995 | +18.2% | 68,838 | +17.1% |
| Total | 42,963 | -1.6% | 465,653 | -2.1% | 351,409 | -5.5% |