Because of the dearth of signs of recovery in the auto industry, a senior Honda executive has reduced his estimate for US total industry sales volume from 10.5 million to 10 million for the business year that ends in March. Reuters reports that executive vice president Koichi Kondo has addressed a news conference and said that the US auto market recovery is more elusive than previously thought.
Honda’s Q2 fiscal 2009 automobile unit sales totaled 838,000 units, down 10.4% year on year.
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