Strong bike sales lift Honda

Strong motorcycle sales and a weak Yen gave Honda a boost over the first fiscal quarter of this year, and have even prompted the manufacturer to lift its 2017 forecast.

Sales of Honda motorcycles rose 8% from last year to 4.7million. It’s got nothing to do with the new Fireblade, that rise was down to growth in the key markets of India and Vietnam. 

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Honda now expects a full year net profit of ¥545bn (£3.7bn) and revenue of ¥14.5tn (£99.4bn), up 3% and 2% respectively.

Net profit for Honda rose by 18.7% from last year to ¥207.3bn (£1.4bn) in the three months ending June 30.

In other sales news…

Last month, we reported that BMW released record motorcycle sales for the first half of 2017, with 88,389 bikes sold, marking a 9.5% increase over the first half of 2016.

It’s the fifth year in a row that BMW Motorrad have increased their sales at a record level and the German giant is now looking to achieve a new all-time sales record for the year as a whole.

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