Honda Motor sees China retail sales dip 4% YoY in 2021

Shanghai (Gasgoo)- Honda Motor Company (called “Honda” for short) said on Thursday its full-year China auto retail sales in 2021 amounted to 1,561,540 units, sliding 4% from the year-ago period due to the impact of component supply constraint.

The annual retail sales of two joint ventures, GAC Honda and Dongfeng Honda, stood at 768,268 units and 793,272 units respectively. Compared to the previous year, the joint venture with GAC Group logged a 4.7% drop, while the other one's sales fell 3.3%.

As for the sales performance of key models, the yearly retail sales of the CR-V surpassed 200,000 units. Besides, there were five models, namely, the ACCORD, the VEZEL, the BREEZE, the XR-V, and the CIVIC, all recording annual retail sales of over 150,000 units.

Despite the decrease in overall sales, the annual sales of the vehicles armed with the hybrid powertrain system “Sport Hybrid” still hit all-time highs of 233,801 units last year, which were 116% more than that of the year-ago period.

Regarding monthly performance, the Japanese automaker announced a retail sales volume of 168,663 units in December for the world’s largest auto market, down 19.2% year over year due to the chip supply constraint. The new cars sold last month included 21,859 vehicles powered by the “Sport Hybrid” system.

To be specific, GAC Honda saw its Dec. retail volume dwindle 17.4% over a year ago to 80,994 units, while Dongfeng Honda’s sales dipped 20.9% to 87,669 units.