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Honda Motor Co., Ltd. (HMC)

- NYSE
  • Wed, Mar. 25, 9:53 AM
    • U.S. sales for Honda (NYSE:HMC) will increase 4.5% Y/Y to 139.3K in March, according to an estimate from TrueCar.com.
    • Honda's market share is forecast to be 9.1% vs. 8.4% in February and 8.7% a year ago in March.
    • Incentive spending by Honda -7.3% Y/Y and +8.3% M/M to $1,957 per unit vs. the industry average of -1.3% Y/Y and +0.4% M/M.
    • Total U.S. new vehicles sales are expected to fall 0.8% Y/Y during March to 1.5247M
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  • Thu, Mar. 19, 6:58 AM
    • Honda (NYSE:HMC) adds 104,871 vehicles to the recall tied to Takata airbags.
    • The new recall action covers the 2008 Honda Pilot, 2001 Accord, and 2004 Civic models.
    • NHTSA recall notice (.pdf)
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  • Tue, Mar. 17, 8:47 AM
    • Honda (NYSE:HMC) car registrations -8.7% to 7,912 units in February, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +7.3% Y/Y in February, led by double-digit growth in Spain, Italy, and the U.K. YTD registrations +7.0%.
    • Honda market share: 0.8% vs. 1.0% a year ago.
    • Honda YTD registrations -7.1%.
    • EAMA release (.pdf)
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  • Mon, Mar. 16, 9:38 AM
    • TrueCar expects Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) to offer a higher level of incentives in March in order to hit annual sales targets with their fiscal year ending March 31.
    • Data from TrueCar indicate the aggressive positioning by Japanese automakers is having an impact on pricing in the broad automobile market.
    • Incentive spending per unit in the U.S. fell 2.9% Y/Y in February.
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  • Wed, Mar. 11, 3:21 PM
    • Vehicle sales in India rose 6.9% in February to 287,271 units.
    • Industry watchers expect March sales to continue the trend of positive sales growth.
    • YTD auto sales in India are up 5.9% to 573,626.
    • Related stocks: OTCPK:SZKMF, HMC, TTM, OTCPK:BAMXY, OTCQX:VLKAY, OTCPK:NSANY.
    | Comment!
  • Tue, Mar. 10, 7:05 AM
    • Automobile sales in China are up 8.7% Y/Y to 3.43M units after the first two months of the year, according to the China Association of Automobile Manufacturers.
    • Analysts tend to look at the two months together to smooth out the impact from the Chinese New Year holiday.
    • YTD sales growth by manufacturer: GM (NYSE:GM) flat, Audi (OTCQX:VLKAY) +10.5%, Honda (NYSE:HMC) -7.6%, Ford (NYSE:F) +14.6%, Toyota (NYSE:TM) +13.6%, Nissan (OTCPK:NSANY) +11.7%, BMW (OTCPK:BAMXY) +2.7%.
    | 72 Comments
  • Mon, Mar. 9, 9:22 AM
    • Honda (NYSE:HMC) continues to be the automaker willing to ask the hard questions on subprime lending and extended loan terms.
    • The Japanese automaker hasn't been pulled into some of the aggressive sales tactics of rivals such as Toyota and Nissan (OTCPK:NSANY) on a more cautious view.
    • Locking buyers into long terms keeps them underwater past when they historically want to trade, notes Honda exec Jeff Conrad.
    • He also mentions Nissan's reliance on fleet sales to generate mass volume as a potential danger.
    • Nissan has made some noise about outselling Honda in the U.S. for the first two months of 2015.
    • Previously: Wells Fargo ringing a bell for subprime auto lending? (Mar. 02 2015)
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  • Tue, Mar. 3, 1:46 PM
    • Honda (NYSE:HMC) unit sales +5.0% to 105,466 vs. +13.6% to +15.6% forecast.
    • Sales in the Honda division were up 4.1% to 92,474, while Acura sales increased 12.5% to 12,992.
    • Sales growth by model: Accord -12.2% to 21,616; Civic -2.5% to 21,038; Pilot +82.7% to 12,629; CR-V +7.4% to 22,298; Acura ILX -26.3% to 959; Acura TLX 3,419 (new).
    • The strong response to the new Pilot and CR-V helped Honda increase truck sales 12.6% during the month.
    | 1 Comment
  • Mon, Mar. 2, 9:52 AM
    • The Geneva Auto Show hits full speed this week with technology a dominant theme.
    • European automakers such as Mercedes-Benz (OTCPK:DDAIF) and BMW (OTCPK:BAMXY) are displaying their connected car concept, while Opel (NYSE:GM) is touting the OnStar service.
    • The emerging role of Apple and Google in the industry looms as a large factor in the background with top execs seeming uncertain as to what to expect.
    • "We have to understand that, and then to find our roles, to which extent they are complementary, to which extent we become dependent, to which extent we are competitors," noted Daimler CEO Dieter Zetsche.
    • Audi (OTCQX:VLKAY) looks to steal some thunder from Tesla Motors with its Electric R8 (610 hp, range 280 miles).
    • What to watch: Anticipation is high for a presentation by Aston Martin on its future direction. Small UV entrants from Renault (OTC:RNSDF) and Honda (NYSE:HMC) are key introductions. On the ultra high-end, Ferrari (NYSE:FCAU) and McLaren are expected to grab headline for new dream cars.
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  • Tue, Feb. 24, 1:25 PM
    • Consumer Reports selects the Tesla Model S as the best overall model with an overall score of 99 on a combined measure of safety, performance, and reliability.
    • Though scoring off the charts on performance and equivalent gas mileage, the Model S was only "average" for reliability.
    • Other segment winners are listed below.
    • Compact car: Subaru Impreza (test score 79).
    • Midsize sedan: Subaru Legacy (test score 89).
    • Large car: Chevrolet Impala (test score 91).
    • Luxury car: Audi A6 (test score 90).
    • Green car: Toyota Prius (test score 75).
    • Sports sedan: Buick Regal (test score 83).
    • Small SUV: Subaru Forester (test score 86).
    • Large SUV: Toyota Highlander (test score 84).
    • Minivan: Honda Odyssey (test score 84).
    • The pickup category was skipped by CR due to the newness of the F-150 and Chevy Colorado launch.
    • Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF, OTCPK:MZDAY, TSLA.
    | 281 Comments
  • Mon, Feb. 23, 1:45 PM
    • U.S. sales for Honda (NYSE:HMC) will increase 13.8% Y/Y to 114.3K in February, according to an estimate from TrueCar.com.
    • Market share is forecast to be 8.8% vs. 8.9% last month and 8.4% a year ago in February.
    • Incentive spending -2.7% Y/Y and +5.4% M/M to $1,871 per unit.
    • Industry-wide new vehicles sales are expected to rise 8.5% Y/Y during February to 1.2965M
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  • Mon, Feb. 23, 2:07 AM
    • Honda (NYSE:HMC) CEO Takanobu Ito will step down in late June, making way for Managing Officer Takahiro Hachigo after six years in the top post.
    • Cutting costs by shaking up Honda's decades-old supply chain, Ito has come under fire from both long-term local suppliers and former Honda chiefs.
    • The automaker hit a rough patch over the past year with quality problems tied to flawed Takata air bags and the new hybrid systems of its Fit compact car and Vezel SUV.
    • Previously: Honda CEO targeted over supply reforms (Feb. 12 2015)
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  • Fri, Feb. 20, 2:16 AM
    • Due to the parts shortage from the West Coast port slowdown, Honda (NYSE:HMC) said it expected output loss of around 5K cars from Feb. 24 to March 2 at two North American car factories.
    • "The supply situation will be a little bit better next week due to the delivery of more parts by air," a spokesman said.
    • From Feb. 16 to the 23, Honda reduced output by 20K cars at five North American car factories.
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  • Tue, Feb. 17, 10:40 AM
    • Honda (NYSE:HMC) car registrations -5.9% to 8,829 units in January, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +6.7% Y/Y, led by strong growth in Spain and Italy.
    • Honda market share: 0.9% vs. 1.0% a year ago.
    • EAMA release (.pdf)
    | Comment!
  • Mon, Feb. 16, 5:52 AM
    • Asian suppliers are resorting to costly air freight, as a labor dispute at U.S. West Coast ports disrupts supply chains across the Pacific.
    • With ports near gridlock, President Obama dispatched Labor Secretary Tom Perez to California on Saturday to try to broker an agreement between dockworkers and the group representing shippers and terminal operators.
    • Many automakers have been hit hard in the U.S. as car parts have been held up by the dispute. Honda (NYSE:HMC) has declared that it would slow production at several U.S. plants, Subaru (OTCPK:FUJHY) said it would continue flying parts in to its U.S. facilities, while Toyota (NYSE:TM) announced that it had reduced overtime at some factories. Nissan (OTCPK:NSANY) also stated that it is being affected.
    • A Shanghai index for U.S. West Coast freight rates rose 23 points last week to 2,265 and brokers said quotes had risen a further five points today.
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    | 5 Comments
  • Mon, Feb. 16, 3:36 AM
    • Honda (NYSE:HMC) isn’t interested in offering financial support to Takata (OTCPK:TKTDY), the Japanese automaker’s chief executive officer declared, denying a December Nikkei report that cited him saying the carmaker would provide financial help if necessary.
    • "Takata itself needs to figure out how to fulfill its duties, but if it makes any request to auto makers, then we would think about that," announced Chief Executive Takanobu Ito.
    • Honda has already stopped relying solely on Takata for parts to substitute inflaters in recalled vehicles, and has begun working with Takata rivals Autoliv (NYSE:ALV) and Daicel (OTC:DACHF).
    • Following the announcement, Takata shares plunged in Japan, dropping 5.4%.
    | 2 Comments
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Company Description
Honda Motor Co Ltd develops, produces, and manufactures motor products, including small general-purpose engines and scooters and specialty sports cars.