What Internal Problems Is The Honda Corporation Having, Business Wise?
November 16th, 2009 Posted in Honda
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November 16th, 2009 at 8:54 am
If your referring to the decrease in automobile sales its not the corporation; its the market. The Japanese domestic market has been in the tank for the last 3 years; the American market dropped from almost 17 million new cars in 2006 to a forecast of less than 16 million in 2008. Honda’s year-over-year sales are down but they are maintaining market share in the U.S.
Most of the U.S. market problems are due to the “credit crunch”; simply said, most vehicles are financed and most prospective customers can’t get financed because of their personal financial positions. The sub-prime mortgage market fiasco also affects the same class of sub-prime car buyers. To make matters worse, most people who are in trouble with their home loans bought a car financed into the loan so as home foreclosures rise so will defaults on car loans and repossessions.
Honda is in a much better financial position than most companies and they will weather the storm. Their strength is that most of their cars are produced in North America so they won’t get killed by the weak dollar as the Europeans will.
hope that answers your question
November 16th, 2009 at 8:54 am
None whatsoever. In fact they are developing one of the most eagerly awaited supercars in the world ever, the new V10 NSX.http://wikicars.org/en/Honda