Honda reports lowest new car inventory in recent history

American Honda released its YTD sales figure for May, showing a huge drop in the Japanese automaker’s sales performance. With 435,159 unit sales from January to May 2022, the American Honda recorded a drop of 36% compared to the same period last year. Figures include Honda and Acura sales in the United States.

In May alone, American Honda sold just over 75,000 vehicles – a huge drop from 176,815 units sold in May 2021. The company said supply constraints were to blame, as stocks are at historic lows.

Despite the imminent arrival of the next generation Honda CR-V this year, the crossover SUV remains the best seller in the lineup, delivering over 17,000 in May and over 93,000 year-to-date.

Similarly, all 11,250 units of the HR-V were sold in May 2022 despite the new version going on sale June 7.

Meanwhile, there’s a bit of trickery among Honda sedans. The Civic generally outsells the Accord, but the report showed the midsize overtook the compact in May – 11,066 units versus 8,147, respectively.

According to Honda, more than half of Civic and CR-V sales are pre-sold before they hit Honda dealer lots.

On the Acura side, SUVs are still outselling sedans, although American Honda remains optimistic for the rest of the year as it begins selling the new Integra on June 2, 2022. According to the company , Integra pre-sales remain strong, creating positive effects. energy at Acura dealerships.

The story is the same for Honda vehicles, as new models are already slated for launch this year. It remains to be seen whether the company will be able to bounce back from falling stocks that are weighing on its sales numbers.