Honda has recorded its second straight year-on-year increase in vehicle production, as well as a huge year-to-date jump in exports in Asia alone. If this is any indication, it looks like the Japanese brand is set to have a fruitful 2018.
In a sales report by Honda, the summary of its monthly vehicle production showed that it had a record high of 182,183 units made in May 2018, 6.2% more than the same period last year. Interestingly, China has actually produced 111,525 of 182,183 vehicles that have come off the production line in Asia.
This brings the total year-to-date tally to 904,002 vehicles, also up by 4.1%. And similarly, China has led the way with a dominating 582,927 units of the year-to-date total.
Meanwhile, exports from Japan to other regions in Asia experienced a massive 44.2% dip with only 517 units shipped in May 2018 versus the May 2017. But despite the poor performance, the year-to-date total is still up by 35% or 5,594 units.
The record-breaking figures (mostly) may be attributed to the brand’s latest products in Asia such as the Jazz, BR-V, CR-V, the 2018 Amaze which launched in India earlier this year, and, of course, the Civic Type R.
With more products down the pipeline such as the facelifted HR-V, Honda could continue experiencing a blast for the rest of 2018.
Hopefully, we get to have the new Honda vehicles in the Philippines really soon, especially the Amaze, and the 2019 Accord that was recently launched in Korea.
BPI wants to partner up with dealerships to help Filipinos get the car of their dreams and promote financial inclusion in the country.
Good thing Toyota Motor Philippines took immediate responsibility for the situation.
Hyundai Asia Resources, Inc. posted a price change effective July 15, 2019 and marks up some of its models while giving one a discount.