Honda Motor Co. (NYSE: HMC) saw its market share increase in the U.S. auto market in 2016 as its sales grew by 4.8% compared to the overall market, which only grew by 0.3%. Overall, consolidated Honda vehicle sales, including sales of its premium brand Acura, increased by 3.5% as Acura’s sales declined by close to 11% in 2016. In many ways, the company’s 2016 performance defies the received wisdom about the auto industry. In contrast, Honda saw its SUV sales decline by 0.5% despite the overall market growing. In 2016, sales of the Honda HR-V and Ridgeline grew by over 63,000 units.

Source: Forbes February 07, 2017 19:21 UTC