Honda looks to be hanging its recovery hopes on the U.S. light truck market. According to Automotive News, North America was the only market to see sales growth for the company during the last quarter. The six-percent jump was fostered largely by the Odyssey and the CR-V, and Honda hopes to be able to keep up that momentum with a new version of the popular CUV. Reportedly set to debut by fall of this year, the 2012 CR-V will be a complete generational model change, though the company hasn't revealed too many details about the new vehicle just yet.
Globally, Honda has seen its sales fall off by around seven percent, with operating profit declining by 29 percent. The company hopes that focusing on light trucks will help boost the company's total U.S. volume to 1.28 million vehicles by the end of its fiscal year.
News of the next-generation CR-V goes a long way toward explaining why the 2010 and 2011 models received such skimpy updates. Engineers managed to pull another 14 horsepower from the engine and designers slapped on a slightly adjusted grille, but otherwise the vehicle has stuck pretty close to its 2009 recipe. Keep your ear to the ground for more information on the next-gen crossover.
[Source: Automotive News – sub. req.]