Honda Motor posts 28.1% YoY dip in Sept. China deliveries

Shanghai (Gasgoo)- Last month, Honda Motor Co.,Ltd. (hereinafter referred to as “Honda”) saw its China deliveries slump 28.1% from a year ago to 121,448 units, the Japanese automaker said on Monday.

As of September 2021, Honda has recorded year-on-year decline in China retail sales for five consecutive months amid the global chip shortage.

Among the new vehicles delivered in Sept., 16,567 units were equipped with the hybrid powertrain system “Sport Hybrid”, falling 19.6% compared to the prior-year period.

Both GAC Honda and Dongfeng Honda posted two-digit decrease in Sept. deliveries. The joint venture with GAC Group delivered 61,287 new vehicles, representing a 25% decline from a year earlier. Meanwhile, 60,161 consumers took delivery of the vehicles from Dongfeng Honda, representing a 31% drop year-over-year.

With 1,107,814 vehicles delivered, Honda's China business recorded a 3.9% growth for the Jan.-Sept. period, 6 percentage points lower than the increase in Jan.-Aug. volume. The deliveries of Honda's hybrid electric vehicles (HEVs) leapt 31.2% to 169,613 units during the first three quarters.

For the first nine months, GAC Honda's deliveries edged up 0.6% to 540,392 units, while Dongfeng Honda also logged a 7.2% year-on-year rise with 567,422 vehicles handed over to consumers.