Honda New Car Sales in China Increased in May

According to Japanese media,  Honda Motor published its new car sales in China of May. It is known that the total sales was 54,564, increasing by 4.6%.

Due to the diaoyu incident, Honda sales in China continued to decline. Last year, the sales declined 40.5% Y-O-Y in September, 53.5% in October, 29.2% in November, 19.2% in December.  Due to the Spring Festival, sales in January increased by 22% Y-O-Y. After that, the sales was in negative growth for three months. It dropped by 27.1% in February, 6.6% in March, 2.4% in April. The sales didn't get rid of the weakness until May.

Besides, Honda's sales in China from Jan to May was 255,540, declined by 2.6%. It is known that Honda sales in China of 2012 was 598,577, dropping 3.1%.

Written by Nicolas Yang