Honda Indonesia keeps top 3 position in Indonesia in 2024 Announced on January 15, 2025, PT Honda Prospect Motor (PT HPM) ended 2024 with retail sales of 103,023 cars (down 19.5% YoY), maintaining its position in the top 3 auto brands in the Indonesian auto market.  Based on Gaikindo’s latest data, Honda’s market share in 2024 stood at 11.6%, down from 12.8% recorded in 2023. In the month of December alone, it sold 10,696 cars (down 4.6% YoY...

News  Updated at: 2025/01/17

n positive sales trends. Data from the Association of Indonesia Automotive Industries (GAIKINDO) showed that in the first 5 months of 2024, sales of Honda cars reached 44,056 units, down 23.2% YoY, holding a market share of 12.2%. (From Honda Indonesia press release on June 17, 2024 and on June 15, 2023)...

News  Updated at: 2024/06/21

GlobalData blog: ASEAN market report and outlook After Malaysia surpassed Thailand to become the second-largest Light Vehicle (LV) market in the ASEAN region in 2023, second only to Indonesia, our sales outlook requires careful consideration. In 2023, Malaysia’s total LV sales increased by 12% YoY to a record high of 793k units. Meanwhile, the Thai and Indonesian markets experienced 9% and 3% YoY declines, with sales reaching 756k and 929k unit...

News  Updated at: 2024/06/19

Honda Indonesia records retail sales of 10,706 units in March 2024 (down 26.7% YoY) Announced on April 23, 2024, PT Honda Prospect Motor Indonesia recorded total retail sales of 10,706 units in March 2024 (down 26.7% from 14,614 units recorded in March 2023). Sales in March 2024 grew 18.7% MoM, supported by increased consumer demand during the Eid period, especially for SUV models. Honda's SUV models recorded retail sales of 5,531 units in March....

News  Updated at: 2024/04/24

Honda Cars India launches India made SUV Elevate in Japan as WR-V On March 22, Honda Cars India Ltd. (HCIL), launched the Made-in-India Elevate SUV in the Japanese market under the brand name WR-V. It is the first time in HCIL’s business that a model is being exported from India to Japan. The model was unveiled as a Honda WR-V in Japan in December 2023. HCIL has been exporting models in its line-up to left-hand drive markets in Turkey, Mexico, ...

News  Updated at: 2024/03/26

Honda Indonesia records retail sales of 9,019 units in February 2024 (down 25.3% YoY) Announced on March 15, 2024, PT Honda Prospect Motor Indonesia recorded total retail sales of 9,019 units in February 2024 (down 25.3% from 12,069 units recorded in February 2023). Sales of Honda Brio contributed 4,418 units, followed by the HR-V which sold 1,605 units. The Honda WR-V sold 1,348 units, while sales of the BR-V reached 983 units. The Honda City Ha...

News  Updated at: 2024/03/19

T HPM, the company continued to monitor developments in market conditions to develop strategies to meet consumer demand for the models it sells. PT HPM hoped to be able to refresh the market again at the beginning of 2024. (From Honda Indonesia press release on February 20, 2024 and on February 20, 2023)...

News  Updated at: 2024/02/23

Honda sells over 80,000 cars in Malaysia in 2023; leads non-national passenger vehicle segment again Reported on January 24, 2024, Honda Malaysia retained its top position in the Non-National Passenger Vehicle Segment for the 10th consecutive year since 2014.  As its sales exceeded 80,000 cars in 2023, the annual target was achieved, supported greatly by its dealers and the government.   Honda Malaysia said it saw gradual recovery and a positiv...

News  Updated at: 2024/01/26

Honda Indonesia records 2.1% retail sales growth with 128,010 cars in 2023 Announced on January 16, 2024, PT Honda Prospect Motor achieved retail sales of 128,010 units in 2023, representing an increase of around 2.1% from 2023. Sales of Honda SUV models contributed greatly at around 51.3%. In 2023, Honda’s highest selling SUV was the HR-V, as it sold 24,736 units. Sales of Honda BR-V reached 18,104 units, while sales of the WR-V and the CR-V r...

News  Updated at: 2024/01/18

Honda Indonesia records retail sales of 10,165 cars in November 2023, down 16.2% YoY Announced on December 18, 2023, PT Honda Prospect Motor Indonesia recorded retail sales of 10,165 cars in November 2023, down 16.2% YoY (up 5.8% MoM). Honda’s models that contributed greatly to November sales included the Brio that sold 4,905 units, along with the HR-V and the WR-V that noted 1,537 units, and 1,428 units respectively. Meanwhile, Honda BR-V, sol...

News  Updated at: 2023/12/20

Honda Indonesia records retail sales of 9,611 cars in October 2023 (down 17.1% YoY) Announced on November 15, 2023, PT Honda Prospect Motor recorded retail sales of 106,637 units in the first 10 months of 2023, an increase of 6.7% YoY. The growth was supported greatly by sales of the Honda WR-V, the Brio, and the HR-V. In the month of October 2023 alone, Honda’s retail sales reached 9,611 cars (down 17.1% YoY). This was contributed by 534 units...

News  Updated at: 2023/11/20

Japan in the spring of 2024. This will be the first time for Honda to release an Indian-made vehicle in Japan. The company will utilize its global facilities to strengthen its product lineup in Japan. Honda also plans to import the “Odyssey” made in China to release it in Japan in the winter of 2023, and the Thai-made “Accord” in the spring of 2024. The automaker will utilize imported vehicle models to strengthen the sales of vehicles wit...

News  Updated at: 2023/11/17

Honda Indonesia records sales of 10,170 cars in September 2023 (down 21.6% YoY), led by Brio and HR-V Announced on October 13, 2023, PT Honda Prospect Motor recorded retail sales of 10,170 units in September 2023 (down 21.6% YoY from 12,977 units recorded in September 2022), contributed greatly by the Brio and HR-V. In September, Honda Brio recorded sales of 4,346 units (contributing 43%), followed by the Honda HR-V which sold 2,107 units (21%). ...

News  Updated at: 2023/10/17

Honda Indonesia records sales of 10,050 cars in August 2023 (down 8.5% YoY), led by Brio and HR-V Announced on September 14, 2023, PT Honda Prospect Motor recorded retail sales of 10,050 units in August 2023 (down 8.5% YoY). The increase of 11.6% MoM was driven mainly by the Honda Brio and its other SUV models, especially the HR-V and WR-V.In August 2023, Honda Brio sold 4,289 units, making it Honda's best-selling car with a sales contribution of...

News  Updated at: 2023/09/20

Honda Indonesia collects 1,992 car bookings at 2023 GIIAS Announced on August 22, 2023, PT Honda Prospect Motor recorded sales of 1,992 SPK units during 2023 GAIKINDO Indonesia International Auto Show (GIIAS), led by the new Honda Brio and the all-new Honda CR-V.The new Brio sold 485 units or 24% of Honda's total sales at the 2023 GIIAS event. Launched at the event on August 10, the all-new Honda CR-V collected sales of 385 units (19%). Meanwhile...

News  Updated at: 2023/08/28

Honda Indonesia sees 26% sales increase in H1/2023 with 67,797 cars led by Brio On July 14, 2023, PT Honda Prospect Motor Indonesia announced that its retail sales in H1/2023 claimed 26% YoY to 67,797 units.Of the total retail sales in H1/2023, the Honda Brio contributed the greatest with 29,365 units. Meanwhile, the HR-V is the most popular SUV model with 13,795 units sold, followed by the BR-V with 9,963 units, the WR-V with 8,963 units, and th...

News  Updated at: 2023/07/18

All-new Honda WR-V SUV launched in Malaysia On July 13, 2023, Honda Malaysia officially launched the all-new WR-V small SUV in 4 variants, priced from MYR 89,900. The company has opened its bookings since June. All variants of this Honda Winsome Runabout Vehicle (WR-V), the base S, E, V, and RS, are equipped with a L15ZF 1.5-liter naturally aspirated DOHC i-VTEC engine that delivers 121 PS at 6,600 rpm and a maximum torque of 145 Nm at 4,300 rpm...

News  Updated at: 2023/07/14

Honda Indonesia announces sales of 11,391 cars in May 2023 (up 46.8% YoY) On June 15, 2023, Honda Indonesia announced that its retail sales in May 2023, which reached 11,391 units (up 46.8% YoY and up 37.3% MoM), was contributed greatly by the SUV models (56%) with 6,385 units.Sales of Honda HR-V SUV reached 2,375 units in May, followed by the BR-V with 2,141 units, the WR-V with 1,502 units, and the CR-V’s 367 units. In addition, the recently ...

News  Updated at: 2023/06/16

Honda Indonesia sees retail sales drop 19.9% YoY in April 2023 with 8,246 units sold Announced on May 15, 2023, Honda Indonesia recorded retail sales of 8,246 cars in April 2023. With fewer working days in the month due to the Eid al-Fitr holiday, sales dropped 43.6% MoM and 19.9% YoY when compared with 10,289 units recorded in April 2022. The Brio continued to lead Honda Indonesia's sales in the month, with a total of 3,456 units sold (contribut...

News  Updated at: 2023/05/17

Honda Indonesia notes retail sales growth of 53.0% YoY in March 2023 with 14,614 units sold On April 17, 2023, Honda Indonesia announced retail sales of 14,614 units, an increase of 53.0% YoY and 21.1% MoM. Sales of Honda Brio in March reached 7,159 units, making it the model with highest retail sales in Indonesia.Apart from the Honda Brio, the Honda HR-V sold 2,752 units, followed by the WR-V with sales of 1,653 units, the BR-V with sales of 1,6...

News  Updated at: 2023/04/19