HNDAF - Honda Motors total U.S. sales fell 27.2% in March sets new monthly record for EV

Honda (HMC -0.3%) reports U.S. total sales slipped 27.2% Y/Y to 108,075 units in March, best since August 2021, on improved supply and sustained demand. Car sales -39.6 Y/Y and trucks sales -20.3% Y/Y for the month. Q1 U.S. sales fell 23.2% Y/Y to 266,418 units. Car sales -27.3Y/Y and trucks sales -21% Y/Y for the quarter. Sales in the Honda division fell 27.4% Y/Y to 94,855 units in March: Cars -41% Y/Y and Trucks -19.3% Y/Y. Acura sales for the month -25.9% Y/Y to 13,220 units: Cars -24% and Trucks -26.5%. HR-V reports strong sales record with growth of 32% Y/Y. CR-V posted best month since July 2021 with sales of 29,943 units. Electrified vehicles sales up 20.7% Y/Y to 12,661 units, driven by higher gas prices and increased supply of CR-V Hybrid and Accord Hybrid. “Like much of the industry, we’re riding a bit of a roller coaster due to fluctuating parts supply

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Honda Motors total U.S. sales fell 27.2% in March, sets new monthly record for EV