Honda Sales Steady Despite Supply Chain Challenges

Honda Sales Steady Despite Supply Chain Challenges

Torrance-based mostly American Honda Motor Co. Inc. offered nearly 1.5 million vehicles past yr irrespective

Torrance-based mostly American Honda Motor Co. Inc. offered nearly 1.5 million vehicles past yr irrespective of a international semiconductor chip shortage and other source chain concerns. The whole involved 537,524 cars and trucks and 929,106 light vehicles and SUVs, surpassing the 2020 volume by 8.9%.

“All matters viewed as, we had a pretty prosperous 2021 with record gross sales of light vans and electrified motor vehicles coupled with remarkable demand, particularly for all-new designs like the Civic and Acura MDX,” Govt Vice President of National Operations Dave Gardner claimed in a assertion. “While we’re not out of the woods still with offer troubles or the international pandemic, I thank our procurement and manufacturing workforce, suppliers, and dealers for braving the difficult hurdles to get goods to our shoppers at this unprecedented time.”

Honda’s namesake division marketed a lot more than 1.3 million automobiles previous yr, including 800,000 mild trucks 100,000 electrified automobiles and almost 500,000 passenger vehicles. The CR-V crossover led the pack with 361,271 units bought, up 8.3% from 2020 overall.
The automaker’s Acura division offered 157,408 automobiles, a 14.9% year-over-yr raise. Its MDX SUV posted next-finest yearly product sales, topping 60,000 units for the very first time given that 2014, in accordance to Honda.

Analysts at Santa Monica-dependent Inc. estimate that about 15 million new cars have been bought in the United States very last yr, and they assume that number to grow to 15.2 million in 2022, which is poised to be “another difficult 12 months marked by inventory shortages amid strong buyer demand.”

“2021 marked an abnormal year of highs and lows for the sector: Each automaker throughout the board struggled at the mercy of their suppliers and logistics amid chip and inventory shortages even though simultaneously experiencing skyrocketing shopper demand from customers and minimized paying out on incentives,” Edmunds Government Director of Insights Jessica Caldwell said in a statement. “Sales have been frustrated due to the fact the spring, but shopper appetite for new vehicles continues to operate substantial, which will only serve to build up deferred need next calendar year and beyond. In 2022, there will not be a issue of how lots of new motor vehicles people will get, but how quite a few vehicles automakers can essentially generate.”

Honda also ongoing its 12-year streak as the presenting sponsor of the 133rd Rose Parade in Pasadena Jan. 1. 

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