Friday, October 21, 2011

Honda sales plunge 41% in May - Business Courier of Cincinnati:

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’s American sales arm, , reported on Tuesdayh that the automakersold 98,344 vehicless nationwide in May. A year ago, deman d for fuel-efficient vehicles had sent Honda to a recorr month of salesat 167,99y7 vehicles. That represents a drop of 41 percent from ayear ago, when priceas at the pump were highedr and the automobile industry hadn’yt yet hit crisis mode. Columbus Busineses First reports monthly salesw unadjusted for the differences in the number of sellint days yearto year. Honda’s sales in May, takin into account one fewer selling day last fell39 percent.
Leading the decline in monthlyg sales for May wasthe company’s flagship division, which saw a 42 percent drop in sales at 88,8755 vehicles. Its luxury Acura division saw salees fall 36 percentto 9,469 vehicles. Hondz sales in the first five months of the year fell 34 percentrto 430,358 vehicles, compared with 655,819 a year ago. That accountw for a 34 percent drop in Hondq salesat 387,556 vehicles and a 35 percen t decline in Acura sales at 42,802. Marysville-basedx employs more than 12,000 workerzs at assembly and engine plants in and around Central where they produceHonda Civics, CR-Vs, Elements and Acura TLs and RDXs.

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