January 5, 2018 1:16 am JST

Honda logs record annual Chinese sales

Result likely puts the company second among Japanese automakers in the country

YU NAKAMURA, Nikkei staff writer

GUANGZHOU -- Honda Motor sold its most new autos ever in China last year, with its CR-V sport utility vehicle helping propel growth in the world's largest market.

Chinese sales climbed 15.5% on the year to 1,441,307 vehicles in 2017, the Japanese automaker said Thursday. Growth likely outpaced that of the Chinese market itself, which appears to have slowed to the single digits.

Seven Honda models topped 100,000 in annual volume, a benchmark for strong performance. The CR-V proved the company's top performer, with sales rising 0.3% to 187,641 units. Next came the Civic sedan, whose sales jumped 95% to 176,457.

An uninterrupted stream of new models helped lift Honda's overall result. The company appears to have logged the second-highest Chinese sales of any Japanese automaker, coming in behind Nissan Motor.

Among other Japanese names, Mazda Motor posted its own sales record in China. Volume grew 8.3% to 309,407 units, beating its initial target by nearly 20,000. This marked the automaker's first year above 300,000 in China, where it enjoyed brisk sales of the Mazda3 sedan and the CX-4 SUV.

Honda Motor Co., Ltd.

Japan

Market(Ticker): TKS(7267)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Market cap(USD): 65,123.40M
Shares: 1,811.42M

Nissan Motor Co., Ltd.

Japan

Market(Ticker): TKS(7201)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Market cap(USD): 44,340.29M
Shares: 4,220.71M

Mazda Motor Corp.

Japan

Market(Ticker): TKS(7261)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Market cap(USD): 9,028.62M
Shares: 631.80M

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