Honda Motor
Country of Origin: Japan
Unit Sales: 5.36 million
Number of Employees: 208,000
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The Japanese automaker’s global sales forecast has improved through 2019, but they still face a second straight year of declining overall sales. Due in large part to a boom in motorcycle sales, Honda increased its profit forecast by 11.3 percent to $7 billion for the year ending in March 2019.
Even with that upgraded forecast, it still falls short of their record high for sales of $7.42 billion in March 2017. Slowing sales in China are a major contributing factor to the overall decline in sales. Honda is outperforming its Japanese rivals in China but is still being hurt by quality issues with two of its leading models, the Civic and the CR-V SUV.
The Japanese automaker’s global sales forecast has improved through 2019, but they still face a second straight year of declining overall sales. Due in large part to a boom in motorcycle sales, Honda increased its profit forecast by 11.3 percent to $7 billion for the year ending in March 2019.
Even with that upgraded forecast, it still falls short of their record high for sales of $7.42 billion in March 2017. Slowing sales in China are a major contributing factor to the overall decline in sales. Honda is outperforming its Japanese rivals in China but is still being hurt by quality issues with two of its leading models, the Civic and the CR-V SUV.
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