💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Honda February China vehicle sales fall 5.9 percent year-on-year

Published 03/02/2018, 01:17 AM
Updated 03/02/2018, 01:20 AM
© Reuters. FILE PHOTO: A member of staff cleans Honda Avancier SUV after it was presented during Auto China 2016 auto show in Beijing

BEIJING (Reuters) - Honda Motor Co's sales in China fell 5.9 percent in February from a year earlier to 77,065 vehicles, after climbing 10.9 percent in January, the company said on Friday.

Sales volume during the first two months of 2018 totaled 203,239 vehicles, up 3.9 percent from the same period a year ago.

Last year Honda's sales rose 15.5 percent from a year earlier to 1.44 million vehicles, compared to the 3 percent growth in overall auto sales the market saw in 2017.

© Reuters. FILE PHOTO: A member of staff cleans Honda Avancier SUV after it was presented during Auto China 2016 auto show in Beijing

The China Association of Automobile Manufacturers (CAAM) estimates China's overall vehicles sales to grow a relatively lackluster 3 percent this year, the same as in 2017 but significantly below the stellar 13.7 percent gain in 2016.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.