Honda Forecast: Full-Year Cycle Sales Up 1.8%

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Honda Motor Co. Ltd. expects to sell about 10.460 million motor cycles and ATVs in its fiscal year ending March 31, up 1.8 percent from 10.271 million units sold last fiscal year but still below the 10.476 million units sold two years ago.

The company said it had net sales of 948.8 billion yen on 7.961 million motorcycles and ATVs for the fiscal nine months ended December 31, 2006, up from 834.4 billion yen on sales of 7.858 million units during the same period in 2005.

Sales in North America for the first nine months of the 2007 fiscal year totaled 339,000 units, down from 404,000 units during the same nine months in 2005. By comparison, sales in Europe numbered 232,000 units, down from 255,000 units; sales in Asia totaled 6.189 million units, up slightly from 6.157 million units; and sales in "Other Regions" totaled 943,000 units, up from 767,000 units in 2005.

Honda officials say the North American market experienced a decrease in sales of ATVs and small-displacement motorcycles such as the CRF50F. Officials say decreased sales of scooters impacted Europe; component parts production affected Asia; and increased business in Brazil proved responsible for gains in Other Regions.