/ 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!

Racing tracks – sleeping pill or energy drink?
Racing tracks – sleeping pill or energy drink?The racing weekend took us across the whole world last weekend, with dull or spectacular racing being influenced not only by the ...
Pink Lamborghini Gallardo Spyder spotted in Canada
Pink Lamborghini Gallardo Spyder spotted in CanadaA Lamborghini Gallardo Spyder finished in a hideous pink shade has been recently spotted out in Canada and it makes supercar ...
[VIDEO] New Nissan X-Trail promo released
[VIDEO] New Nissan X-Trail promo releasedNissan has released a new promotional video with the new generation of the X-Trail in which the midsized SUV is being shown in a ...
2015 Smart ForTwo Roadster gets rendered, will never happen
2015 Smart ForTwo Roadster gets rendered, will never happenThe first rendering of the new-gen Smart ForTwo is ending up on the web, a couple of days after the city car was officially ...
Driver crashes his Ferrari F430 during police chase
Driver crashes his Ferrari F430 during police chaseA police chase has gone wrong for both the driver of this Ferrari F430 and also for the law because the supercar was crashed and ...
Chevrolet’s Man United sponsorship rivaled by Nissan’s Manchester City deal
Chevrolet’s Man United sponsorship rivaled by Nissan’s Manchester City dealHot on the heels of a $559 million Manchester United shirt sponsorship deal by GM’s Chevrolet brand comes Nissan. The Japanese ...
U.S. – BMW i8 gets priced
U.S. – BMW i8 gets pricedBMW USA has announced the official price list for the i8 locally, where the hybrid sports car can be yours from 135,700 ...
[VIDEO] 2015 Toyota Sienna makes video debut
[VIDEO] 2015 Toyota Sienna makes video debutThe Japanese based automaker Toyota has released the first promotional video with the updated version of the Sienna. After being ...
After Ferrari, Maserati to also cap sales
After Ferrari, Maserati to also cap salesAlthough the subsidiary of Italy’s Fiat SpA will not have the same smallish limit as the super car producer, the automaker ...
[VIDEO] Daimler crashes the new Smart ForTwo into the S-Class
[VIDEO] Daimler crashes the new Smart ForTwo into the S-ClassThe new generation of the Smart ForTwo has recently had its first ever crash test, just a couple of days after it has been ...
2015 might bring a LaFerrari Spider and LaFerrari FXX
2015 might bring a LaFerrari Spider and LaFerrari FXXFerrari is planning to introduce two new versions of the impressive hybrid supercar, the LaFerrari Spider and the LaFerrari ...
Report – ZF could bid higher for TRW
Report – ZF could bid higher for TRWAccording to sources that have knowledge of the proceedings, lenders of German auto supplier ZF Friedrichshafen AG told the ...
[VIDEO] Autocar drives the BMW i8
[VIDEO] Autocar drives the BMW i8One of the most impressive vehicles to come out from the BMW factory, the i8, has been recently driven by Autocar. BMW’s first ...
Recall roundup: Mitsubishi ASX and Outlander in Australia
Recall roundup: Mitsubishi ASX and Outlander in AustraliaMitsubishi Australia has issued a recall for several ASX and Outlander vehicles because of a problem with the transfer cases ...
Lamborghini Veneno Roadster spotted near the company’s headquarters
Lamborghini Veneno Roadster spotted near the company’s headquartersA black finished Lamborghini Veneno Roadster has been recently spotted out near the company’s headquarters, in Sant’Agata ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

lamborghini gallardo spyder pink 1
ferrari f430 crash police chase czech republic 2014 1
2015 smart fortwo crash test 1
lamborghini veneno roadster black 1
lamborghini-veneno-beijing 1
2015 Toyota Sienna 1
Spied Hyundai ix35 05
Aston Martin V12 Vantage S Roadster 21
2015 ford expedition 36
scenic-byway-163
lamborghini gallardo lp570-4 spyder performante crashed for sale 1
2015 volkswagen passat cc render 1

More automotive from inautonews
The racing weekend took us across the whole world last weekend, with dull or spectacular racing being influenced not only by the quality of the drivers' field and weather conditions, but also by the eternal topic of the rolling surface, the asphalt strips laid out with inspiration or clumsiness on ...
read more
Inautonews Editors Section
Racing tracks – sleeping pill or energy drink?
Racing tracks – sleeping pill or energy drink?The racing weekend took us across the whole world last weekend, with dull or spectacular racing being influenced not only by the quality of the ...
Preview – 2014 German Grand Prix
Preview – 2014 German Grand PrixThe old mighty 7km-long Hockenheimring was built in 1932, and it was true madness, as close as you can get to AVUS. When Jim Clark died here, on the ...
F1: Silverstone 2014, British Grand Prix preview
F1: Silverstone 2014, British Grand Prix preview"The key to a quick lap around Silverstone is a car that remains stable during direction changes, and one that is aerodynamically stable, because ...

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 [VIDEO] Daimler crashes the new Smart ForTwo into the S-ClassThe new generation of the Smart ForTwo has recently had its first ever crash test, just a couple of ... Recall roundup: Mitsubishi ASX and Outlander in AustraliaMitsubishi Australia has issued a recall for several ASX and Outlander vehicles because of a ...
Safety Section