Dick Colliver Quotations

Last February was an unusually strong month for Acura. But we continue to build momentum with month over month sales increases for TL and MDX.

Surpassing the 200,000-unit sales mark is a huge milestone for Acura. The outlook for 2006 looks even brighter as we kick off Acura's 20th anniversary.

The Acura division hit the ground running this year. The strong demand for Acura vehicles indicates the popularity of the brand among luxury consumers.

The American consumer is rediscovering cars and the timing for the all-new 2006 Civic couldn't be better.

We're really looking forward to a long-term relationship with the PGA, with PGA National and with the new board.

We are enjoying strong, consistent car sales and good growth in our light-truck segments. And we expect this trend to continue in 2006 as we enter new segments and introduce new versions of some of our most popular models.

We're the only ones offering a natural-gas powered car and wanted to get it into more hands to evaluate to gain more widespread acceptance.

While we are disappointed with the Federal District court's decision, we remain confident that the courts will ultimately sustain our position that Republic's buying binge is bad for American Honda's dealers and customers and violates American Honda's rights.

We've had to reevaluate our position. It's having a hard time in the market.

We have enjoyed an outstanding and valuable relationship as title sponsor of the Honda Classic. Extending our involvement for six more years not only demonstrates our commitment to the event and the new venue, but also to the involvement of the Nicklaus family and the opportunity to help support the Nicklaus Children's Health Care Foundation.

Even though our April sales were off slightly, it was still one of the 10 best sales months in American Honda history.

As the Civic has moved gradually up-market, it has left room for a new entry level model (for Honda).

As the Civic has gradually moved up-market, it has left room in our lineup for a new entry-level model. With the introduction of Fit in April and all-new CR-V this fall, along with continued momentum from the new Civic and other key models, we're projecting Honda Brand sales of around 1.3 million in 2006, which would make it our 11th consecutive record year.

Other in the industry are tightening their belts but we remain committed to steady, incremental growth.

It may be tough for the industry to top 1999, but for right now we're just going to enjoy it. Light trucks were the driving force behind the market growth last year. We expect more of the same this year and we're ready for continued growth with the introduction of our new Acura SUV this fall.

Despite fierce competition in a declining segment, sales of the all-new Civic continue to post gains. In addition, with best-ever monthly sales of more than 6,500 units, Ridgeline posted sales gains in 10 of the last 11 months to finish the year on target.

Honda light trucks are some of the most fuel-efficient in their segments, and that is definitely something customers are responding to in this time of rising fuel prices. We're not seeing a shift away from light trucks right now, but we are seeing customers make purchase decisions based on fuel economy.

Honda and Acura continue to demonstrate positive sales growth, despite an overall lukewarm economy. It all comes back to product, and consumers continue to respond positively to our core vehicles.

The doldrums of summer haven't dampened the demand for our cars and trucks. Confidence in the economy still remains strong and continues to drive consumer demand for big-ticket items.

The Civic hybrid is no problem and selling very well, but we're going to re-evaluate our posture on the Accord hybrid.

The combination of reduced inventories and a slightly down market kept us from hitting an all-time high this month, but underlying demand for our key models remains very strong. The arrival of our 2002 models this month will help us to stay on a record pace for the year.