Honda China's sales fell by 38.63% in February, with an overall growth of 5.9% in the first two months.

News on March 5, Honda China recently released its sales report for February 2024. The report shows that Honda's terminal car sales in the Chinese market reached 45,498 units that month, a decrease of 38.63% compared with 74,142 units in the same period last year. Specifically, Guangqi Honda sold 24,162 vehicles, while Dongfeng Honda delivered 21,336 vehicles.

Despite a decline in sales in February, Honda China's overall performance in the first two months of 2024 remains solid. According to the editor's understanding, Honda China's cumulative sales of terminal cars from January to February reached 146,458 units, a year-on-year increase of 5.9%. Among them, Guangqi Honda's sales volume was 78,243 units, and Dongfeng Honda's sales volume was 68,215 units.

Sales data in 2023 show that Honda China’s total sales for the year reached 1.234 million vehicles, of which Guangqi Honda and Dongfeng Honda contributed 620,469 vehicles and 613,712 vehicles respectively. This figure reflects Honda's strong performance in the Chinese market and its continued steady growth.

Among the sales of other car companies released in the same period, China FAW’s vehicle sales reached 448,000 units from January to February, and sales in February were approximately 151,200 units; Chery The group's sales in February reached 143,155 vehicles, a year-on-year increase of 37.8%; BYD's new energy vehicle sales in February also reached 122,311 vehicles. At the same time, Geely Automobile, Wuling Automobile, AITO Wenjie, Li Auto, etc. also have good market performance. However, the sales of GAC Eon, NIO, Xpeng Motors and BAIC Blue Valley in February declined year-on-year.

In 2024, competition in the automobile market will continue to be fierce, and major automobile companies are working hard to respond to market challenges and strive to increase sales. Although Honda China's sales fell in February, its long-term accumulation and good reputation in the Chinese market still gave it a strong competitive advantage. In this highly competitive market environment, Honda China will continue to work hard to launch innovative products and improve service quality to maintain its leading position in the Chinese automobile market.

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