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Record sales for Honda in China in November
By Yoann Besnard on 19 December 2007 | 
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Honda has announced it has increased its sales by 36.4% in China in November over the same period last year. This is good news for the Japanese car maker as Chinese market recorded a good month too.
Honda sales reached 46,226 cars and for the first eleven months of this year, it delivered 378,602 vehicles. Another December month like November and Honda will sell more cars than expected this year. Indeed, it planned to sell 400,000 vehicles.
Honda owns two joint ventures in China, one with Guangzhou Automobile Group and another venture with Dongfeng Motor. The former recorded a 23.4% increase to 32,400 vehicles while the latter recorded a strong 81.3% increase to 13,826 units. The larger increase recorded by the Dongfeng venture as Honda controls 55% of the joint venture. Honda is the only automotive joint-venture in China that has a majority of non-Chinese ownership.
Source: Reuters
