Honda Motor: 2021 Sales Declined Over 6% in Japan Due to Delayed Delivery of New Models

This report includes information on the following topics:

Key images:

Honda Motor domestic sales Japan vehicles market share decrease coronavirus Covid-19 parts supply automobile production delivery shipping delays hybrid vehicle Vezel sales volume sales composition type model share of vehicle market mini vehicles standard vehicles N-BOX Fit Freed N-WGN Step WGN N-VAN Acty truck average monthly sales full-model change imported vehicles N-BOX SLASH N-ONE S660 Vamos Acty Van Vamos Hobio Sedan / hatchback Station Wagon Sports car SUV MPV electric vehicles 1000 cc mass-market small vehicles midsize vehicles large / luxury vehicles mid class luxury high-end 1000cc derived Small / mass-market derived Grace Civic (hatchback) Civic (sedan) Civic Type R Integra Insight (3rd generation) Accord/Accord Hybrid Inspire Legend Shuttle CR-Z S2000 NSX CR-V Freed/Freed+ Jade Streem Odyssey Elysion Clarity

Honda Motor's domestic vehicle sales in 2021 dropped 6.4% from the previous year to 579,771 units, and market share decreased 0.4 pp to 13.0%. Monthly sales in the first five months of the year (except February) exceeded 2020’s results but dropped below the previous year’s level for the rest of the year. Declining sales were caused by the reemergence of the new coronavirus which hindered steady parts supply. As a result, automobile production declined, prolonging delivery time. Factory shipping time of some of the top models was about four months, but it took over six months in the case of the hybrid Vezel or even over a year in the case of some of the grades and colors of the Vezel.