Honda to stop Insight and CR-Z sales in Europe due to poor demand

Article by Anita Panait, on February 17, 2014

Because of the weakening demand, Honda will terminate sales of its Insight and CR-Z gasoline-electric hybrids in Europe. The carmaker is selling off its remaining European stocks of the Insight and CR-Z, a spokesperson told Automotive News Europe.  The cars are listed in France and the United Kingdom but are not in Germany, Spain and Italy, according to a check of Honda's Web sites in Europe's top markets.

The pullout means that the hybrid version of the Jazz will be the only Honda model to offer the alternative powertrain, but the Japanese carmaker has said that no decision has been made on whether it would sell in Europe the Jazz hybrid that will be rolled out in 2015.

Honda has sold around 125,000 hybrids in Europe, but recent sales have been performing badly. Honda logged a 62-percent drop in sale sales of the Insight to 1,242 Insights in 2013, a 66-percent plunge in sales of the CR-Z to just 695 units, according to figures from market researcher JATO Dynamics. According to Honda, it sold around 4,500 Jazz hybrids in Europe in 2013 from 7,500 in 2012.

"We've had seen a steady sales for our hybrids since we launched them, but recently we've seen a strong demand for low-emission diesel technology," the spokesman told Automotive News Europe. Honda added a new 1.6-liter engine for the Civic compact and CR-V SUV engineered for Europe.

The Civic diesel boasts of carbon dioxide emissions of 94 grams per km compared to 96g/km for the Insight hybrid. While Honda is struggling with its hybrid, Toyota gained a lot by increasing sales gasoline-electric variants of its Toyota- and Lexus-brand models from 107,000 in 2012 to 153,000 in 2013.

If you liked the article, share on:

Pin It

Comments

Recommended

Sorry to say this to the Sport Quattro Concept fanatics. If you guys have been hoping for the production of this iconic concept to begin, prepare for your dreams to...
by - March 27, 2017
South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries