For financial year 2019-2020, Honda global production dropped by 10.6%
It's no surprise that auto sales and production are down for many manufacturers as no company is immune to the effects of the COVID-19 pandemic. Honda is feeling the brunt of it after their sales and production rally came to a halt due to lockdowns.
From April 2019 to March 2020, Honda's total production tally was at 4,773,527 units, 10.6% down from last year. During the same time last year, the Japanese automaker rolled out 5,337,621 vehicles from their assembly lines around the world. The company reports that global production is down for the first time in eight years.
The region taking the biggest hit was Europe which is down by a significant 36.8%. That's due to the Swindon plant in England winding down production and shutting their doors come 2021. Most European-market Hondas will be exported from Japan by then. On the flip side, North American production was not as greatly affected, reporting a decrease of 3.7%. United States, Canada, and Mexico account for Honda's North American production.
Sales in Japan also took a relatively minor hit, down by 8%. In Honda's home market, 688,615 vehicles were sold. However, they did say that it's the first time in four years that they have experienced a decrease in sales. It's not all bad news though, as the Freed minivan was Japan's seventh best-selling vehicle, while the Fit (also known as the Jazz), was the country's tenth best-seller. Also, the N-BOX was Japan's best-selling Kei-car during the financial year 2019 – 2020.
Exports are also down from Japanese production hubs. Japan to North America exports are much lower than before as more and more Honda products are assembled over there. Japan to Europe production, on the other hand, is up by 3%.
Like most automakers, Honda is optimistic that production and sales will gradually pick up soon as some countries begin easing movement restrictions. For now, Honda is pouring a massive effort to help turn the tide against the virus, as well as helping front liners stay mobile both here and abroad.