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Honda Motor Reports Steep Drop in January Sales

American Honda Motor Co. says it sold slightly more than 71,000 vehicles last month, a declined 71,031, a nearly 31 percent compared to January 2008. The Honda division posted January sales of 63,175, a drop of more than 30 percent versus January 2008 on a daily-selling rate basis.

"Two models posted gains, but we are still facing unprecedented times in the industry, and no auto company is immune from current market conditions," said Dick Colliver, executive vice president of sales for American Honda.



American Honda Motor Co. says it sold slightly more than 71,000 vehicles last month, a declined 71,031, a nearly 31 percent compared to January 2008. The Honda division posted January sales of 63,175, a drop of more than 30 percent versus January 2008 on a daily-selling rate basis.

"Two models posted gains, but we are still facing unprecedented times in the industry, and no auto company is immune from current market conditions," said Dick Colliver, executive vice president of sales for American Honda.

Honda total car sales decreased by 31 percent, to 35,601. Fit sales increased 1.8 percent to 4,745. Honda light-truck sales saw a decrease of 29.7 percent to 27,574.

The Acura Division posted sales of 7,856, a decrease of 32.4 percent compared to January, 2008. Sales of the all-new TSX sports sedan, the brand's best-selling model for the month, increased 11.6 percent to 2,406.

For more information about Honda visit http://www.honda.com/

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