Honda vehicle sales in China up 3.5 per cent in Sept
SHANGHAI: Honda Motor's China vehicle sales climbed 3.5 percent in September from a year earlier to 46,697 units, outperforming a 1.44 percent fall in the overall market but slowing significantly from 19.4 percent growth in August.
A Honda spokesman attributed the slowdown in growth to a cut in vehicle shipments to dealers, which reported higher inventories at the end of August.
But he said Honda, which competes with Toyota Motor and other major global auto makers in the world's second-largest auto market, was sticking with its annual sales target of 490,000 units, up from 435,000 in 2007.
Reporting by Fang Yan in Shanghai; Editing by Edmund Klamann
