We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Honda's (HMC) Global Production Increases 6.5% in April
Read MoreHide Full Article
Honda Motor Co., Ltd.’s (HMC - Free Report) production in Japan fell 0.7% to 51,581 units in April. Production outside Japan increased 7.7% to 352,161 units, which was a record high for the month of April. Consequently, worldwide production volume for Apr 2016 was 403,742 units, up 6.5% from the figure reported in Apr 2015. Honda’s global production volume was a record high for the month of April.
Production outside Japan was driven by a 4.4% rise to 169,843 units in North America, and a 15.6% increase to 160,198 units in Asia, both of which were April records. These improvements offset the 13.3% fall in production in Europe to 9,866 units and a 15.3% decline in other regions to 12,254 units. Production in China reached an April high of 94,199 units.
Sales in the Japanese market improved 8.8% year over year to 45,317 units in April. This is the first increase since Nov 2015. New vehicle registrations went up 8.4% to 24,021 units. Mini vehicles’ sales grew 9.1% to 21,296 units.
The Honda Fit, which recorded sales of 7,116 units, was the fourth best-selling vehicle in the industry among new vehicle registrations (excluding mini vehicles) in Apr 2016. VEZEL was the ninth top-selling vehicle, with sales of 4,635 units.
Under the Mini vehicles category, N-BOX was the best-selling vehicle, with sales of 11,692 units. N-WGN was the seventh highest-selling vehicle in the industry, with sales of 5,356 units.
Exports from Japan soared 673.9% year over year to 10,649 units in April. This was the tenth continuous month of increase in exports.
Honda currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked automobile stocks include Lear Corp. (LEA - Free Report) , Superior Industries International, Inc. (SUP - Free Report) and Oshkosh Corporation (OSK - Free Report) . All the three stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Honda's (HMC) Global Production Increases 6.5% in April
Honda Motor Co., Ltd.’s (HMC - Free Report) production in Japan fell 0.7% to 51,581 units in April. Production outside Japan increased 7.7% to 352,161 units, which was a record high for the month of April. Consequently, worldwide production volume for Apr 2016 was 403,742 units, up 6.5% from the figure reported in Apr 2015. Honda’s global production volume was a record high for the month of April.
Production outside Japan was driven by a 4.4% rise to 169,843 units in North America, and a 15.6% increase to 160,198 units in Asia, both of which were April records. These improvements offset the 13.3% fall in production in Europe to 9,866 units and a 15.3% decline in other regions to 12,254 units. Production in China reached an April high of 94,199 units.
Sales in the Japanese market improved 8.8% year over year to 45,317 units in April. This is the first increase since Nov 2015. New vehicle registrations went up 8.4% to 24,021 units. Mini vehicles’ sales grew 9.1% to 21,296 units.
The Honda Fit, which recorded sales of 7,116 units, was the fourth best-selling vehicle in the industry among new vehicle registrations (excluding mini vehicles) in Apr 2016. VEZEL was the ninth top-selling vehicle, with sales of 4,635 units.
Under the Mini vehicles category, N-BOX was the best-selling vehicle, with sales of 11,692 units. N-WGN was the seventh highest-selling vehicle in the industry, with sales of 5,356 units.
Exports from Japan soared 673.9% year over year to 10,649 units in April. This was the tenth continuous month of increase in exports.
Honda currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked automobile stocks include Lear Corp. (LEA - Free Report) , Superior Industries International, Inc. (SUP - Free Report) and Oshkosh Corporation (OSK - Free Report) . All the three stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>