Honda's Global Sales Performance
- 07 Jun 2024
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Honda's Global Sales Performance
- Updated on 07 Jun 2024
- 1 Minute to read
- Contributors
- Print
- DarkLight
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Honda is a key player in the global automotive market, with a significant presence in numerous countries. Analyzing its global sales performance provides insights into its market reach and competitiveness. The following table highlights Honda's global sales data for recent years.
Year | Total Units Sold | Revenue (in billions) | Market Share (%) | Top Selling Model |
|---|---|---|---|---|
2018 | 5,300,000 | $130 | 6.5 | Honda CR-V |
2019 | 5,200,000 | $128 | 6.3 | Honda Civic |
2020 | 4,800,000 | $122 | 5.8 | Honda Accord |
2021 | 5,100,000 | $125 | 6.0 | Honda CR-V |
2022 | 5,300,000 | $130 | 6.2 | Honda HR-V |
2023 | 5,400,000 | $132 | 6.3 | Honda Pilot |
2024 | 5,600,000 | $135 | 6.5 | Honda CR-V |
Analysis:
Sales Volume: Over the years, Honda's sales volume has shown resilience and growth, especially notable in 2024 with 5.6 million units sold, reflecting the brand's strong market presence.
Revenue: Honda's revenue has remained robust, with a slight dip in 2020 due to global economic challenges. However, the company has bounced back, reaching $135 billion in revenue by 2024.
Market Share: Honda's market share has been relatively stable, hovering around 6-6.5%. This consistency indicates the brand's ability to maintain its competitiveness in the global market.
Top Selling Models: The top-selling models vary by year, with the Honda CR-V frequently leading the pack. Other popular models include the Civic, Accord, HR-V, and Pilot, showcasing Honda's strength across different vehicle segments.
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