Honda Heads European League For Car Sales Growth

Civic and CR-V propel Honda to its best sales ever

January 16, 2008, E.U.

Corporate

anuary 16, 2008 – Honda's sales growth in Europe has outpaced all other auto manufacturers in 2007, according to industry sales figures*1 just published.

The company today also announced all-time record car sales for the European region*2 of 398,960, an increase of 21.5% on 2006. This is the fourth consecutive calendar year Honda has posted record sales in Europe, and national sales records have been broken in 32 of the 37 countries in the region.

Sales growth has been strong across the whole region, with notable increases in a number of Western European markets, as well as in the emerging markets of Central and Eastern Europe.

Sales in Romania, Ukraine and Russia have all more than doubled. In Sweden sales are up over 60%, whilst Norway has seen an increase of 55%. These are followed by France, Greece and Poland with increases above 30%, and Spain, the Netherlands and Denmark which have all increased their year-on-year sales in excess of 20%.

The popularity of the Civic, Honda's main model in Europe, has been key to this success, with its sales across the region rising 41.7% to 160,082 over the year. The CR-V launched in early 2007, also saw sales rise by 77.3% to a record 90,562. In particular, CR-V diesel sales have increased by 72.7 % and this is now Honda's biggest selling diesel model.

"We are very pleased to see that such a large number of European customers have chosen Honda products," said Shigeru Takagi, President of Honda Motor Europe Ltd.

"2008 will be another exciting year for us as we will introduce the new Accord this summer and the new Jazz in the latter half of the year. With these new products, we are confident that we will continue to exceed customers' expectations and maintain Honda's momentum."

2007 Honda European Region Sales Highlights:

  • All time record sales of 398,960, up 21.5%
  • 4th consecutive yearly sales record
  • 6th consecutive year-on-year annual sales increase
  • Individual sales record for the Honda CR-V of 90,562, up 63.6% on previous best ever year (2005)
  • All time sales record for Civic Hybrid, up 206.6% to 10,515
  • *1This refers to ACEA figures, covering the EU and EFTA markets. Please see attached table for a breakdown of the countries comprising the ACEA region.
  • *2Please see attached table for a breakdown of the countries comprising Honda’s European Region.