HNDAF - Honda Motors total U.S. sales down 20.6% in February

Honda (HMC -2.5%) reports U.S. total sales slipped 20.6% Y/Y to 84,394 units in February, but on YTD basis declined 20.3%. Multiple supply issues and Winter Storm Landon disrupt progress in improving vehicle inventory. Car sales -11.2 Y/Y and trucks sales -25.3% Y/Y for the month. Sales in the Honda division fell 20.8% Y/Y to 75,095 units in February: Cars -10.8% Y/Y and Trucks -26% Y/Y. Acura sales for the month -19.5% Y/Y to 9,299 units: Cars -16% and Trucks -20.6%. HR-V reports strong sales record with growth of 63.1% Y/Y. Electrified vehicles sales dropped 18.9% Y/Y to 6,489 units.

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Honda Motors total U.S. sales down 20.6% in February