Honda's Global Sales Performance
  • 07 Jun 2024
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Honda's Global Sales Performance

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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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