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Honda sales in China fell by 54pct YoY in October 2012

It is reported that Honda has lowered net profit expectations by one fifth to EUR 3.6 billion for this fiscal year ending March 2013. Sales of Honda vehicles in China fell by 54% YoY to 24,100 units.

Honda also said in this month's earning announcement that it sold 494,410 in the first ten months of 2012, up by 2.7% YoY. Sales in China in September 2012 were 33,931 units.

Source - caijing.com.cn

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