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American Honda Sets New All-Time Sales Record for 2002

TORRANCE, Calif., Jan. 3, 2003; American Honda sales increased 3.3 percent during 2002 to an all-time record of 1,247,834 while setting eight new records including light truck sales for Honda and Acura divisions and the sale of the world's first fuel cell car certified for commercial use. Record December sales of 100,736, up 10.4 percent compared to 2001, were also achieved, according to figures released by American Honda Motor Co., Inc. today.

"We're pleased to set new sales records with minimal incentives in today's ultra-competitive marketplace and uncertain economy," said Dick Colliver, executive vice president of American Honda Motor Co., Inc. "The Honda Pilot, Odyssey, CR-V and Acura MDX have all become strong pillars inside the brands that provide steady growth while keeping existing customers within the family."

    Record 2002 year-end results include:

    -- Total American Honda vehicle sales of 1,247,834, up 3.3 percent

    -- American Honda light truck sales of 409,231, up 33.0 percent

    -- Total Honda division vehicle sales of 1,082,282, up 4.3 percent and an
         increase for the ninth consecutive year

    -- Honda division total light truck sales of 356,276, up from an all-time
         record in 2000 of 266,857

    -- Honda Odyssey sales of 153,467, up 17.1 percent

    -- Honda CR-V sales of 146,266, up 23.6 percent

    -- Honda S2000 sales of 9,684, up slightly

    -- Acura MDX sales of 52,955, up 29.3 percent

    Also significant:

    -- Honda FCX, the world's first hydrogen fuel cell car certified for
         commercial use, leased to the City of Los Angeles

Additional highlights for 2002 include the new Honda Element that went on sale December 19 selling 957 units through the end of the month. Brisk December sales of the all-new Pilot SUV reached 8,863, the highest monthly sales yet since it went on sale in June. The City of Los Angeles leased the hydrogen fuel cell-powered Honda FCX in December, which has been certified by the Environmental Protection Agency and the California Air Resources Board as a zero emission vehicle.

For December, Honda division sales increased by 14.6 percent to a new record of 88,392 with Accord sales of 31,770 surging by 9.9-percent, Civic sales of 21,493 increasing by 3.2-percent and Odyssey sales of 12,302 increasing by 2.0 percent. December sales of Acura vehicles totaled 12,344, pushing the division's 2002 year-end total to 165,552, slightly behind last year's all-time record.

For more information, please contact Art Garner, +1-310-783-3163, Andy Boyd, +1-313-964-5676, or Sage Marie, +1-678-339-1385, all of American Honda Motor Co., Inc.

                American Honda Vehicle Sales For December 2002

                               Month-to-Date            Year-to-Date

                        Dec.       Dec.   DSR**     Dec.      Dec.    DSR**
                        2002       2001  % Chg.     2002      2001   % Chg.
    American Honda
     Total            100,736   94,882   10.4%  1,247,834 1,207,639    3.3%
     Total Car Sales   61,252   64,181   -0.7%    838,603   899,887   -6.8%
     Total Truck Sales 39,484   30,701   33.8%    409,231   307,752   33.0%
    Import Car Sales   14,959   13,883   12.1%    151,902   150,006    1.3%
     Honda Division    12,323   10,468   22.4%    112,141   108,964    2.9%
     Acura Division     2,636    3,415  -19.7%     39,761    41,042   -3.1%
    Import Truck Sales 12,287   13,129   -2.7%    146,266   118,318   23.6%
     Honda Division    12,287   13,129   -2.7%    146,266   118,318   23.6%
    Domestic Car Sales*
                       46,293   50,298   -4.3%    686,701   749,881   -8.4%
     Honda Division    41,628   42,994    0.7%    613,865   661,404   -7.2%
     Acura Division     4,665    7,304  -33.6%     72,836    88,477  -17.7%
    Domestic Truck
      Sales *          27,197   17,572   61.0%    262,965   189,434   38.8%
     Honda Division    22,154   13,628   69.1%    210,010   148,484   41.4%
     Acura Division     5,043    3,944   33.0%     52,955    40,950   29.3%

    MODEL BREAKOUTS BY DIVISION
    Honda Division
     Total             88,392   80,219   14.6%  1,082,282 1,037,170    4.3%
     Accord *          31,770   30,069    9.9%    398,980   414,718   -3.8%
     Civic *           21,493   21,660    3.2%    313,159   331,780   -5.6%
     Prelude                3      781  -99.6%      1,966     9,462  -79.2%
     S2000                544      633  -10.6%      9,684     9,682    0.0%
     Insight              140      319  -54.4%      2,216     4,726  -53.1%
     FCX                    1                           1
     Odyssey*          12,302   12,538    2.0%    153,467   131,041   17.1%
     Passport *            32    1,090  -96.9%      3,524    17,448  -79.8%
     Pilot *            8,863                      52,062
     CR-V              12,287   13,129   -2.7%    146,266   118,313   23.6%
     Element *            957                         957
    * Domestic Vehicle Ttl
                       63,782   56,622   17.2%    823,875   809,888    1.7%
     Accord            23,198   22,852    5.6%    330,692   350,090   -5.5%
     Civic             18,430   20,142   -4.8%    283,173   311,314   -9.0%
     Passport              32    1,090  -96.9%      3,524    17,448  -79.8%
     Pilot              8,863                      52,062
     Odyssey           12,302   12,538    2.0%    153,467   131,036   17.1%
     Element              957                         957

     Acura Division Total
                       12,344   14,663  -12.4%    165,552   170,469   -2.9%
     Integra                0        7                 19    13,736  -99.9%
     RSX                2,094    2,459  -11.4%     30,117    16,401   83.6%
     CL *                 652    1,581  -57.1%     12,072    18,993  -36.4%
     TL *               4,013    5,723  -27.1%     60,764    69,484  -12.5%
     RL                   535      933  -40.4%      9,392    10,723  -12.4%
     NSX                    7       16  -54.5%        233       182   28.0%
     MDX *              5,043    3,944   33.0%     52,955    40,950   29.3%
    Selling Days           25       26                307       307

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

     ** Daily Selling Rate