Honda Cycle Sales Down 13% in 9-Month Period

Honda Motor Co., Ltd. net income for its fiscal nine-month period ended Dec. 31 totaled ¥196.2 billion ($2.131 billion), down 38.1 percent compared to the same nine-month period during its 2008 fiscal year. Revenue for the recently ended period totaled ¥6.299 trillion ($68.4 billion), a decrease of 23.4 percent compared to the same period in ’08.

Honda sales of motorcycles and ATVs for the nine-month period ended Dec. 31 totaled 7.037 million units, a decrease of 13.3 percent compared to the same nine-month period in 2008.  Revenue from sales decreased 29.2 percent, to ¥805.1 billion ($8.742 billion), compared to the same period in‘08.

Honda forecasts motorcycle sales of 9.515 million two-wheelers for its business year ending March 31, down 599,000 units compared to sales for the same 12-month period last year.

 

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