Honda Motor’s China retail sales dip 6.9% YoY in Jan. 2022

Shanghai (Gasgoo)- Honda Motor Company (called “Honda” for short) said on Wednesday its monthly China auto retail sales amounted to 146,641 units in Jan. 2022, sliding 6.9% from the year-ago period, while also falling 13.1% from the previous month.

The year-on-year decrease entirely resulted from the downturn confronting Dongfeng Honda, whose Jan. retail sales tumbled 26% to 66,668 units. Nevertheless, GAC Honda still scored an 18.8% increase year-over-year with 79,973 vehicles sold last month.

The sales of the vehicles armed with the hybrid powertrain system “Sport Hybrid” reached 21,206 units in Jan. 2022, sliding 4.3% from a year earlier.

As for the sales performance of key models, there were seven models, namely, the ACCORD, the VEZEL, the BREEZE, the CR-V, the CIVIC, the XR-V, and the INSPIRE all recording retail sales of over 10,000 units in January. Notably, the ACCORD was the only one that recorded over 20,000 units of sales.

Honda Motor plans to roll out 10 electric vehicle (EV) models in China in 5 years as part of its global electrification campaign, the Japanese automaker said in Oct. 2021. The first two—the e:NS1 and the e:NP1 SUVs—will go on sale from early 2022 through both Dongfeng Honda and GAC Honda. They are also the first Honda-branded EV models in China.