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

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• 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.

Comments

[mjhbu33]

Looks like Honda is losing share in trucks. It is evolving into a anti ev play as they are gas efficient and not plowing into ev.

[stevehodg]

Also - how hot is Honda's lineup? I'm not sure how they would be doing in normal circumstances.

[SonnyBeech]

Local honda dealer has zero new hondas so he went to auctions and bought a bunch of used chevys just to keep an inventory.

[Rob Parmenter]

Nothing on the lots except used cars at new car prices