Higher vehicle prices and impact on sales due to rising raw material prices and transportation costs
First written in FY2024-Q2. 2 of 3 entries say "Mitigated", first in FY2024. Latest entry: FY2026-H1.
0 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Last year, the company implemented substantial price increases for its products in response to inflation and the weaker yen, but it was able to maintain sales without any decline in the number of store visitors.」
Although substantial price increases were implemented for products sold in response to inflation and the weaker yen, the company states that it maintained sales without a decline in store visitors. This indicates that measures to address the impact of higher prices on sales had progressed. - FY2024MitigatedAnnual report
「Although the manufacturer’s suggested retail prices of the Honda vehicles handled by this business were increased amid higher crude oil prices and increases in raw material and other costs, the company has minimized the impact of the price increases by providing more detailed explanations and promoting residual-value credit.」
While higher raw material and other costs continue to drive up vehicle prices and affect sales, the company states that it has minimized the impact of the increases by providing detailed explanations and promoting residual-value credit. - FY2024-Q2First statedAnnual report
「In the automobile sales business, the number of store visitors has begun to recover following the reclassification of COVID-19 as a Class 5 disease. However, sales have also been affected since late July by increases in the manufacturer’s suggested retail prices of the “N-WGN,” “N-ONE,” “N-VAN,” “FIT,” “VEZEL” and “CIVIC” due to higher raw material prices, transportation costs and other expenses.」
For the first time, the company specifically stated that, due to higher raw material prices and transportation costs, the manufacturer’s suggested retail prices of several models were increased from late July, with an observable impact on sales.