Sales continue to slide at Honda, Volvo

Honda and Volvo registered lower sales in China last month as their electrified models have yet to gain traction and offset shrinking demand for gasoline products.

In August, Honda brand deliveries fell for the fourth straight month, tumbling 25 percent to 102,257, according to data Honda Motor Co.’s China unit released this week.

Honda China didn’t reveal sales of its full electric vehicles.

In the first half of 2022, Honda launched new cars based on its new electric-vehicle platform known as the e:N Architecture in China. The EVs are built at its joint ventures with Dongfeng Motor Group and GAC Motor Co.

According to the China Passenger Car Association, the two partnerships combined only sold 4,139 e:N series EVs last month. 

In the first eight months, Honda’s China deliveries skidded 24 percent to 721,639. 

Volvo’s August sales declined for the third sraight month, dropping eight percent year on year to 15,760. 

The Swedish brand delivered 1,125 EVs and plug-in hybrids locally last month, a decline of 16 percent from a year earlier.

Through August, Volvo’s China sales rose five percent to 108,468.