/ Honda, Industry, News / Honda aims for record sales, but warns of emerging markets

Honda aims for record sales, but warns of emerging markets

Linked In Share
Honda aims for record sales, but warns of emerging markets

Honda, Japan’s third-biggest carmaker announced it seeks to sell a record 4.5 million vehicles or more in 2014, but as profit missed analyst estimates, it also warned of slowing demand in emerging markets.

For some of its key emerging markets like Indonesia and India, where auto demand has been falling across the industry, Honda thinks new and smaller models could allow it to maintain strong sales growth.

The Tokyo-based company also said in a statement today that its net income went up to 160.7 billion yen ($1.6 billion) in the three months ended Dec. 31, but although the numbers doubled – it failed to beat analysts estimates.

With a slump in Thailand, where Honda deliveries plunged last quarter and will probably continue to do so because of the political turmoil there; the company decided to cut the sales forecasts for automobiles and motorcycles for this fiscal year.

“Every Japanese carmaker was hurt in Thailand, and so was Honda,” said Kota Yuzawa, an analyst at Goldman Sachs Group Inc. in Tokyo. “Honda hasn’t launched its new hit products in the region so we’ll have to wait until next year to see a pickup in volumes.”

Key to Honda’s aggressive expansion targets, the rising interest rates and currency worries have cast a shadow over the economic growth outlook in several emerging markets, especially in Sutheast Asia and the company now wants the emerging markets to make up for half of the 6 million cars it plans to sell in the year to March 2017, up 50 % from the 2012/13 financial year.

Via Reuters/Bloomberg

by Aurel Niculescu (my Google+) - Friday, January 31st, 2014 - filed under Honda, Industry, News. Image credit: .
Linked In Share
Related Articles
earnings emerging markets estimates profit


Discuss: Honda aims for record sales, but warns of emerging markets

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

US: NHTSA website crashed by motorists concerned over Takata airbag recalls
US: NHTSA website crashed by motorists concerned over Takata airbag recallsThe drivers that entered the US recall-search website of the National Highway Traffic Safety Administration were aiming to find ...
China: automakers could have problems meeting tougher fuel economy goals
China: automakers could have problems meeting tougher fuel economy goalsBeijing's ongoing battle against pollution also includes measures to align fuel economy standards in the world’s largest auto ...
Hyundai Motor shares take a dive on profit concerns
Hyundai Motor shares take a dive on profit concernsSouth Korea’s biggest carmaker, Hyundai Motor, has seen its shares in a steep dive ever since announcing a record $10 billion ...
US: Tesla gets sales ban in Michigan
US: Tesla gets sales ban in MichiganThe state, home to the three biggest US automakers, has enforced a law that banns Tesla’s direct sales practice, the fifth ...
GM to advise Pontiac, Saab owners against having front passengers
GM to advise Pontiac, Saab owners against having front passengersThe largest US automaker, General Motors, plans to rally to Toyota’s request to disallow front rides in certain car models, ...
US: Takata airbag problems mount and so does the lawsuit count
US: Takata airbag problems mount and so does the lawsuit countJapanese auto safety parts supplier Takata has become world famous for the problems created by its airbags, a piece of technology ...
Weber doubts Vettel can handle Ferrari ‘pressure’
Weber doubts Vettel can handle Ferrari ‘pressure’Oct.22 (GMM/Inautonews.com) Michael Schumacher's former manager doubts Sebastian Vettel can emulate the F1 legend's success at ...
Perez says new Force India deal ‘priority’
Perez says new Force India deal ‘priority’Oct.22 (GMM/Inautonews.com) Sergio Perez could be the next driver to secure his place on the 2015 grid. Force India made no ...
Struggling Caterham in race to send cars to Austin
Struggling Caterham in race to send cars to AustinOct.22 (GMM/Inautonews.com) Caterham's financial troubles appear to be deepening, as it emerges the struggling F1 team may have ...
Rosberg must relax to get back in fight – Frentzen
Rosberg must relax to get back in fight – FrentzenOct.21 (GMM/Inautonews.com) Nico Rosberg needs to relax if he wants to get back into the world championship fight. That is the ...
Mercedes-Benz S65 AMG gets updated by Voltage Design
Mercedes-Benz S65 AMG gets updated by Voltage DesignThe hottest version of the new-gen Mercedes-Benz S-Class, the S65 AMG, has been recently updated by the aftermarket specialists ...
2015 Ford Focus gets priced in Europe
2015 Ford Focus gets priced in EuropeFord has announced the official price list for the 2015 Focus on the Old Continent. The cheapest version of the 2015 Ford Focus ...
Volkswagen Golf R 400 Concept to get production version
Volkswagen Golf R 400 Concept to get production versionA new report is indicating that the impressive VW Golf R 400 Concept will be gaining a production version after all. Do you ...
BMW i9 supercar might be introduced in 2016
BMW i9 supercar might be introduced in 2016BMW is said to be considering the development of an i9 supercar which will be introduced in 2016. Rumors on a brand new BMW ...
2015 Porsche 911 GT3 RS leaked in patent images
2015 Porsche 911 GT3 RS leaked in patent imagesThe first images with the 2015 Porsche 911 GT3 RS have ended up onto the web, providing us with a first look into the upcoming ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Mercedes-Benz S65 AMG tuning voltage design 1
2015 Porsche 911 GT3 RS 1
Spy-Shots of Cars
Spy-Shots of Cars
2015 ford f-150 customized sema motor show 1
2016 honda hr-v us spec 1
Mercedes-Benz S550 Premium Sport Edition 1
2016 audi a4 1
BMW 1-Series DTM Sport Edition 1
bugatti veyron super sport black for sale 1
Audi RS7 Piloted Driving Concept 1
nissan micra cup race car 1

More automotive from inautonews
The drivers that entered the US recall-search website of the National Highway Traffic Safety Administration were aiming to find out if their vehicle was involved in the latest string of Takata-related recalls. Unfortunately, they found themselves in an online traffic jam, as no less than 4.7 ...
read more
Inautonews Editors Section
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive Citroen has introduced the second generation of the C-Elysee last year. The model is smaller than the C4 and it is based on the Peugeot 301, being ...
Test Drive: BMW X4 xDrive30d
Test Drive: BMW X4 xDrive30d The newest crossover to make its way into BMW’s lineup is the X4. This is based on the X3 and it is basically a smaller version of the X6, aimed ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety US: NHTSA website crashed by motorists concerned over Takata airbag recallsThe drivers that entered the US recall-search website of the National Highway Traffic Safety ... GM to advise Pontiac, Saab owners against having front passengersThe largest US automaker, General Motors, plans to rally to Toyota’s request to disallow front ...
Safety Section