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Guangzhou Honda July Sales Up 57% in 08

Thu. August 07, 2008; Posted: 06:17 AM
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GUANGZHOU, Aug 07, 2008 (SinoCast via COMTEX) -- HMC | Quote | Chart | News | PowerRating -- Guangzhou Honda Automobile Co., Ltd., one of the two ventures of Honda Motor Co., Ltd., sold 30,148 cars in July 2008, up 57.09% over June, becoming the only one carmaker with a monthly sales growth among the country's top 15.

The Guangzhou-based venture, which deals in making and selling medium-and high-grade sedan model Accord and two-compartment compact car model Fit, sold 17,191 Accords in the month, greatly outpacing its rivals Camry with 9,439 and Teana with 8,095. 90,881 Accords were sold during the first seven months, making the car the No.1 model in the segment.

The company sold 4,575 new-generation Fits, which hit the market on July 13 and took the second spot in the segment. The company has received orders for over 20,000 such cars.

July proved the gloomiest month for car sales this year, and the top 15 companies reported 314,800 units, down 18% from 379,600 in June and up 5% over 300,000 in February, which was ever considered the coolest month for cars.

From www.cnstock.com, Page 1, Wednesday, August 06, 2008 info@SinoCast.Com

For full details on Honda Motor Co. Ltd. ADS (HMC) click here. Honda Motor Co. Ltd. ADS (HMC) has Short Term PowerRatings of 7. Details on Honda Motor Co. Ltd. ADS (HMC) Short Term PowerRatings is available at This Link.

    


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