Honda to add 500 dealers in China over five years

Published: 04 Nov 2009 21:32:21 PST

Shanghai, November 4 (Gasgoo.com) Honda Motor plans to add about 500 car dealerships in China in the coming five years to meet market demand, Bloomberg reported today, citing a company executive. The No. 2 Japanese carmaker will have 760 dealerships in China by the end of 2009, with 80 added this year.

"Our customer base in China's interior is growing, so we have to increase dealerships in those areas in addition to the coasts," Honda Motor's CFO Yoichi Hojo said at the company's headquarters in Tokyo today. Honda is expanding its sales network in China as demand rises for Accord sedans and City compacts, he added.

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