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Honda sets all-time fiscal year records for automobile production in China

Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales and export results for the fiscal year ended March 31, 2021 as well as for the month of March 2021

Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales and export results for the fiscal year ended March 31, 2021 as well as for the month of March 2021.

World Production

April 2020 – March 2021 March 2021
Units FY on FY Units YOY
Japan 687,419 85.1% 65,356 89.9%
Outside of Japan 3,845,167 97.0% 348,503 171.9%
North America 1,397,115 80.5% 118,038 112.0%
(USA) 924,310 80.2% 79,737 114.0%
Europe 70,777 74.3% 9,918 192.0%
Asia 2,278,911 115.3% 209,402 259.7%
(China) 1,876,879*1 137.0% 161,446*2 366.1%
Others 98,364 62.1% 11,145 96.5%
Total 4,532,586 95.0% 413,859 150.3%

*1 Record high for all-time fiscal year
*2 Record high for month of March

April 2020 – March 2021

– Production in Japan experienced a year-on-year decrease for the second consecutive year.
– Production in regions outside of Japan experienced a year-on-year decrease for the third consecutive year.
– Worldwide production experienced a year-on-year decrease for the second consecutive year.

March 2021

– Production in Japan experienced a year-on-year decrease for the third consecutive month.
– Production in regions outside of Japan experienced a year-on-year increase for the second consecutive month.
– Worldwide production experienced a year-on-year increase for the second consecutive month.

Sales in the Japanese market

April 2020 – March 2021 March 2021
Units FY on FY Units YOY
Total 613,862 89.1% 80,084 103.2%
Registrations 284,426 85.9% 34,147 86.6%
Mini-vehicles 329,436 92.2% 45,937 120.4%

April 2020 – March 2021

– Total Japanese sales experienced a year-on-year decrease for the second consecutive year.
– New vehicle registrations experienced a year-on-year decrease for the fourth consecutive year.
– Mini-vehicles experienced a year-on-year decrease for the second consecutive year.
– Fit was the industry’s sixth best-selling car among new vehicle registrations for April 2020 – March 2021 with sales of 94,311 units. Freed was the industry’s eighth best-selling car with sales of 73,368 units.
– N-BOX was the industry’s top-selling car among mini-vehicles for April 2020 – March 2021 with sales of 197,900 units. N-WGN was the industry’s tenth best-selling car with sales of 61,421 units.

March 2021

– Total Japanese sales experienced a year-on-year increase for the first time in two months.
– New vehicle registrations experienced a year-on-year decrease for the second consecutive month.
– Mini-vehicles experienced a year-on-year increase for the first time in two months.
– Freed was the industry’s eighth best-selling car among new vehicle registrations for the month of March 2021 with sales of 9,764 units. Fit was the industry’s tenth best-selling car with sales of 9,231 units.
– N-BOX was the industry’s top-selling car in the mini-vehicle category for the month of March 2021 with sales of 27,164 units.

Exports from Japan

April 2020 – March 2021 March 2021
Units FY on FY Units YOY
Total 77,221 68.7% 3,767 39.1%
North America 4,277 31.8% 517 176.5%
(USA) 4,035 32.5% 517 176.5%
Europe 59,704 74.3% 2,271 27.6%
Asia 6,155 76.8% 353 57.0%
Others 7,085 66.4% 626 127.0%

April 2020 – March 2021

Total exports from Japan experienced a year-on-year decrease for the second consecutive year.

March 2021

Total exports from Japan experienced a year-on-year decrease for the fourth consecutive month.

SOURCE: Honda

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