Honda CEO Says No U.S. Recession

[Honda News Feed]

Nissan CEO Carlos Ghosn says recession; Honda Motor Co. CEO Takeo Fukui says oushikuso.
“It is true that in states like Florida and California, the numbers are going down,” Fukui told Automotive News. “But, if you look at the U.S. as a whole, I don’t think we’re seeing a recession. There are still good business opportunities. There is firm demand for automobiles.”
(More details after the jump)

Despite Nissan’s claim of a U.S. automotive recession, Honda’s numbers have been strong – record-setting strong – on the East Coast and Midwest, according to Fukui. And, he said, those markets show no signs of weakening.
Fukui said the markets are swaying away from SUVs toward cars, which he said is great for Honda as its strength is fuel-efficient cars.
While the numbers could be attributed to Honda’s decent incentives, Fukui said Honda doesn’t plan to offer increase them like other automakers. “Rather than relying on increased incentives to sell vehicles,” he said, “it’s more important to offer customers good products at the appropriate price range.”
+ Automotive News: Honda’s Fukui: No recession in U.S.
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