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American Honda Sales Increase 20.7 Percent to New March Records

Expanded Product Lineup and New Models Boost Honda Division Sales

TORRANCE, Calif., April 1 -- American Honda posted new records for total vehicles and light truck sales in March with total vehicle sales of 121,694, up 20.7 percent, and light truck sales reaching an all-time record of 47,049, up 41.8 percent.

New light truck models helped Honda Division post a 25.9 percent March overall sales increase to 107,651 with all-time record Pilot sales of 9,302 and Element sales of 6,234 adding to strong automobile sales. Accord sales reached 35,863, up 15.2 percent, and Civic sales reached 28,655, up 16.7 percent for March. Acura Division sales increased for the second consecutive month in 2003 with 4,887 MDX sales and 5,536 TL sales.

"American Honda's model lineup is the strongest and most diverse it's ever been," said Dick Colliver, executive vice president of sales for American Honda Motor Co., Inc. "New products like the Pilot, Element and the completely redesigned Accord demonstrate our commitment to meeting the diverse needs of our customers."

American Honda year-to-date sales of 310,506 reflect a 13.8 percent increase with Honda Division sales up 18.4 percent. All-time record Honda Division light truck sales of 42,162 broke the previous record of 36,780 set in August 2002. March 2003 was the second-best sales month ever for American Honda and the Honda division, the previous records being set in August 2002.

        American Honda Vehicle Sales For March 2003

                          Month-to-Date               Year-to-Date
                     March     March    DSR**    March     March    DSR**
                     2003       2002   % Chg.     2003      2002   % Chg.
  American Honda
   Total           121,694    104,713   20.7%  310,506   276,439    13.8%
    Total Car
     Sales          74,645     70,254   10.3%  189,941   184,186     4.5%
    Total Truck
     Sales          47,049     34,459   41.8%  120,565    92,253    32.4%
  Import Car Sales  17,372     12,360   46.0%   48,427    34,403    42.6%
    Honda Division  14,663      8,700   75.0%   41,169    24,668    69.1%
    Acura Division   2,709      3,660  -23.1%    7,258     9,735   -24.5%
  Import Truck
   Sales            12,652     13,722   -4.3%   33,007    39,053   -14.4%
    Honda Division  12,652     13,722   -4.3%   33,007    39,053   -14.4%
  Domestic Car
   Sales *          57,273     57,894    2.7%  141,514   149,783    -4.3%
    Honda Division  50,826     50,715    4.1%  126,527   131,449    -2.5%
    Acura Division   6,447      7,179   -6.7%   14,987    18,334   -17.2%
  Domestic Truck
   Sales *          34,397     20,737   72.3%   87,558    53,200    66.8%
    Honda Division  29,510     15,654   95.8%   74,346    40,329    86.8%
    Acura Division   4,887      5,083   -0.2%   13,212    12,871     4.0%

  MODEL BREAKOUTS BY DIVISION

  Honda Division
   Total           107,651     88,791   25.9%  275,049   235,499    18.4%
    Accord *        35,863     32,324   15.2%   92,647    85,006    10.4%
    Civic *         28,655     25,502   16.7%   72,810    66,595    10.8%
    Prelude              1        380  -99.7%        9     1,403   -99.3%
    S2000              748        977  -20.5%    1,728     2,423   -27.7%
    Insight            222        232   -0.6%      501       690   -26.4%
    FCX                  0                           1
    Odyssey *       13,967     15,020   -3.4%   35,244    38,195    -6.5%
    Passport *           7        634  -98.9%       47     2,134   -97.8%
    Pilot *          9,302                      23,586
    CR-V            12,652     13,722   -4.3%   33,007    39,053   -14.4%
    Element *        6,234                      15,469

  * Domestic Vehicle
     Ttl            80,336     66,369   25.7%  200,873   171,778    18.5%
      Accord        26,661     26,440    4.7%   66,444    68,190    -1.3%
      Civic         24,165     24,275    3.4%   60,083    63,259    -3.8%
      Passport           7        634  -98.9%       47     2,134   -97.8%
      Pilot          9,302                      23,586
      Odyssey       13,967     15,020   -3.4%   35,244    38,195    -6.5%
      Element        6,234                      15,469

  Acura Division
   Total            14,043     15,922   -8.4%   35,457    40,940   -12.2%
    Integra              0          2                0        17
    RSX              2,125      2,782  -20.7%    5,582     7,294   -22.5%
    CL *               911      1,261  -25.0%    2,192     3,395   -34.6%
    TL *             5,536      5,918   -2.9%   12,795    14,939   -13.2%
    TSX                  1                           1
    RL                 558        858  -32.5%    1,616     2,349   -30.3%
    NSX                 25         18   44.2%       59        75   -20.3%
    MDX *            4,887      5,083   -0.2%   13,212    12,871     4.0%

  Selling Days          26         27               75        76

  *  Honda and Acura vehicles are made of domestic and global sourced parts.
  ** Daily Selling Rate