American Honda Motor Company announced plans to come back on line in the US and Canada, while Corona virus continues to take a toll on all North American car and light truck sales. According to V.P. of Automotive Sales, Steve Centers, Honda will take a guarded approach to recovery, while anticipating economic Headwinds in the unknown
Honda’s Humanitarian efforts
Last month ‘Your Honda News’ reported Honda’s humanitarian efforts in North America, pledging $1 million for food challenged families. Honda has sense embarked on mask and ventilator production. Today, Honda along with all major North American Auto manufacturer’s look to dismal March and April sales reports, while attempting to measure market recovery, not an easy task.
Car sales tank in wake of Corona Virus, Economic Headwinds Predicated
Car sales in the US, Honda’s largest market, have effectively stalled as consumers look to an uncertain health and financial future.
Despite government stimulus checks and federally subsidized unemployment payments, health, home and food, take precedent over long term financial commitments.