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Honda is expands its presence
in China
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Honda
15th November, 2009
In response to the continued surging sales in the
Chinese new vehicle market, Honda has announced immediate plans to expand
its dealer network.
Honda Motor, Co. will add 80 dealers to city
centres and coastal areas by the end of the year and another 20 more in the
coming years. This is on top of the 680 dealers currently servicing the
market.
Honda expects to deliver 16% more vehicles this calendar
year, resulting in 550,000 units.
This increase in sales will allow
Honda to boost its production of vehicles in China which is currently
running at maximum capacity.
The increase in sales continues to be
fueled by nationwide tax cuts and government subsidies as the Chinese
government attempts to minimise the impact of the current challenging
economic climate.
Vehicle sales in China are now to a point where it
is expected to overtake the USA as the highest volume new car market in the
world in the very near future.
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