ASEAN market projections up despite recent market decline [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
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Source: Yahoo! Finance
As such, the regional YTD sales performance represents a 7% YoY loss, although this is an improvement from the 11% YoY decline in Q1 2024 and an 8% YoY decrease for H1 2024. This slight uptick was largely due to the recovery in LV demand in the Vietnamese market. Vietnam's LV sales began the year with a 9% YoY decline in Q1 2024, as demand was impacted by the pull-ahead effect from the previous round of the temporary registration fee reduction scheme, which expired at the end of 2023. Additionally, consumer and business confidence remained weak amidst the country's property crisis. However, the market began to improve in April, with LV sales rising by 9% YoY and 33% YoY in Q2 and Q3 2024, respectively. Consequently, Vietnam's LV sales have now increased by 12% YoY from January to September. The turning point was supported by several factors, including the stabilization of the real estate crisis; a strong rebound in the country's large export and export-driven manufacturing sectors;
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HMC
Sec Filings
- 11/15/24 - Form 6-K
- 11/6/24 - Form 6-K
- 10/25/24 - Form 6-K
- HMC's page on the SEC website