Honda Canada reports October sales results

MARKHAM, ON, Nov. 1, 2011 /CNW/ - Combined October sales of 11,232 units by the Honda and Acura divisions represented a 13 per cent decrease over last year's sales.  The Honda Automobile Division reported October sales of 9,760 units, down 12 per cent from last year. The Acura Division reported October sales of 1,472 units, down 15 per cent over last year.

"While we had just returned to full production in October after a 6-month disruption caused by a parts shortage from the March earthquake in Japan, we are now faced with another parts shortage resulting from the devastating floods in Thailand," said Jerry Chenkin, executive vice president of Honda Canada Inc.  "Honda has announced that it will temporarily adjust automobile production at all of its Honda vehicle assembly plants in Canada and the U.S. Vehicle production will be at about 50 per cent of the original plan for all Honda and Acura vehicles through November 10. Subsequent adjustments will be announced as they are determined, based on the parts supply situation.

"We express our deepest sympathy and concern for the victims of the floods in Thailand with the sincere hope for the earliest possible relief and recovery. Also, we deeply regret any inconvenience this production disruption may cause to our customers.  We are working closely with our suppliers and operations throughout the world to overcome this situation as quickly as possible."

Honda Canada Inc. has sold more than 3.4 million Honda and Acura passenger cars and light-duty trucks in Canada since 1973.  More than 96 per cent of Honda and Acura vehicles sold in Canada in October were produced at the company's assembly plants in North America, up from 94 per cent for the same month last year.

SOURCE Honda Canada Inc.

For further information:

Richard Jacobs (416) 543-6593


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