Honda reports 1Q profits
04-26-07, 02:15 AM
#1
Lead Lap
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Honda reports 1Q profits
And it doesn't look good.
http://www.marketwatch.com/news/stor...157AAE2ED74%7D
Looks like Honda dropped 20 percent in profits for 1Q over previous year. I attribute it to their settlement for fast counting odometers. Any other guesses?
http://www.marketwatch.com/news/stor...157AAE2ED74%7D
Looks like Honda dropped 20 percent in profits for 1Q over previous year. I attribute it to their settlement for fast counting odometers. Any other guesses?
Last edited by dsp979; 04-26-07 at 01:09 PM. Reason: article link
04-26-07, 04:10 AM
#4
Camry & Accord
So far this year, the Camry has sold 105,863 units (up 10% from last year) while the Accord is at 92,590 (up 17.2% from last year). It should also be noted that it is the Camry's 1st year while the Accord's last year of the current body style.
04-26-07, 05:58 AM
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I don't see this as having anything to do with the fast odometers. Most people outside of those who were notified by mail, and people that frequent motoring message boards don't even know about that.
What's interesting, is that this January they had their best sales ever in that month: http://automobiles.honda.com/info/ne...y=currenthonda
American Honda Motor Co., Inc., posted a new January record for total vehicle sales of 100,790, eclipsing the 2006 record of 98,394, the company announced today. With one additional selling day in 2007, sales declined 1.7 percent based on the daily selling rate*. American Honda January light truck sales hit a record high of 47,378, up 11.0 percent compared to 2006.
Honda Division posted record January sales of 87,773, up from last year's record of 84,413, and was supported by record light truck sales of 41,427. Light truck models that broke January records included the CR-V, up 48.1 percent to 14,390; and the Odyssey, up 4.5 percent to 11,165. Sales for Accord, the company's volume leader, increased 12.0 percent for the month to 25,714.
"A strong light truck lineup contributed to the company's record January sales," said **** Colliver, executive vice president of American Honda. "The crossover segment continues to grow and key products like the Honda CR-V are increasingly important."
Honda Division posted record January sales of 87,773, up from last year's record of 84,413, and was supported by record light truck sales of 41,427. Light truck models that broke January records included the CR-V, up 48.1 percent to 14,390; and the Odyssey, up 4.5 percent to 11,165. Sales for Accord, the company's volume leader, increased 12.0 percent for the month to 25,714.
"A strong light truck lineup contributed to the company's record January sales," said **** Colliver, executive vice president of American Honda. "The crossover segment continues to grow and key products like the Honda CR-V are increasingly important."
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