Forecast Of The Day: Average Price of Honda Vehicles
What?
The Average Price of Honda (NYSE:HMC) vehicles fell from $19,300 in FY’19 to about $17,800 in FY’20, although it rose sharply to $20,600 in FY’21. Trefis expects the metric to grow to about $21,200 in FY’23.
Why?
- Will Honda’s Undervalued Stock Rise Following Q1 Results?
- Can Hybird Focus And Buybacks Push Honda Stock Up By 20% ?
- Growth Of Chinese EV Players A Looming Threat For Honda Stock?
- What’s Happening With Honda Stock?
- Honda Stock Looks Like A Buy Following Strong Q3 Results
- Is Honda Stock A Buy As Motorcycle Business Shines?
The recent increase has come from the company prioritizing more expensive trims and models, given the semiconductor shortage.
So What?
We value Honda stock at about $33 per share, about 35% ahead of the current market price.
See Our Complete Analysis For Honda
| Returns | Jul 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| HMC Return | 2% | -13% | -16% |
| S&P 500 Return | 1% | -20% | 71% |
| Trefis Multi-Strategy Portfolio | 3% | -21% | 214% |
[1] Month-to-date and year-to-date as of 7/18/2022
[2] Cumulative total returns since the end of 2016
See all Trefis Price Estimates