HNDAF - Honda Motors U.S. sales slipped 57.3% Y/Y in May

Honda Motors (NYSE:HMC) reports U.S. sales slipped 57.3% Y/Y to 75,491 units in May. Car sales -67.3 Y/Y and trucks sales -50.7% Y/Y for the month. YTD U.S. sales fell 36% Y/Y to 435,159 units. Car sales -41.2Y/Y and trucks sales -33% Y/Y. Sales in the Honda division down 56.5% Y/Y to 69,031 units in May: Cars -67.7% Y/Y and Trucks -48.6% Y/Y. Acura sales for the month -64.4% Y/Y to 6,460 units: Cars -61.4% and Trucks -65.7%. HR-V continues strong sales with 11,250 units for the month with highly anticipated 2023 HR-V going on sale June 7. CR-V sales plunged 59.2% Y/Y to 17,158 units. Electrified vehicles sales fell 24.8% Y/Y to 8,970 units. Also read: HMC is at high risk of cutting its dividend

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Honda Motors U.S. sales slipped 57.3% Y/Y in May