North American Market a Struggle for Honda

Worldwide sales for Honda’s “Power Products and Other Businesses” segment were down 4% for the quarter ending June 30. Unit sales were up 5%.

More specifically, the slow-to-recover U.S. market resulted in a 12.8% unit sales decrease in North America. General-purpose engines for walk mowers—models GCV160 and 190, and GC190—decreased.

In Canada, EU2000i generators enjoyed a sales increase, as did HRR216 lawnmowers.

According to a statement by the company: “The growth of consumer spending and capital expenditures (in the U.S.) moderated, and a high unemployment rate and sluggish housing market continue. Concerns of deterioration in the economy remain although a slow recovery could be seen.