Honda Motor Co. expects its August deliveries to be up “40-plus percent” on U.S. demand for Civic small cars and CR-V crossovers, buoying a 27 percent annual rise to the company’s best sales in the region in five years.
Honda Motor Co. is sticking to its sales plan for the U.S., where the carmaker earns most of its profit, as the company aims to make up for lost output after Japan’s record earthquake disrupted production worldwide.
Honda Motor Co.’s 2013 Accord, the revamped version of the longest-selling U.S. midsize car, debuts this month as the company seeks to speed its sales recovery and recapture a reputation for benchmark vehicles.
Honda Motor Co. said it plans to cut output at six plants in the U.S. and Canada by about half from Nov. 2 through Nov. 10 because of floods in Thailand while telling dealers production may be curbed through late December.
Federal Reserve Chairman Ben Bernanke said he is letting up on the monetary gas pedal. That hasn’t done much yet to affect U.S. auto sales that may have accelerated in June to the fastest pace in 66 months.