Following the succession of automakers who have introduced compact wagons this year, Honda Motor Co. announced April 23 that it will sell the Capa, its new 1.5-liter engine multiwagon, from today.
The Capa, based on the “small is smart” concept, has a relatively high ceiling and will be sold at 1.39 million yen and 1.55 million yen in the Tokyo area, the firm said.
Although its monthly sales target is 6,000 units, Honda expects to cash in on the vehicle type’s popularity. According to Honda officials, the Japanese market for small wagons expanded to around 280,000 units last year, and the company expects to increase this to nearly 500,000 units this year.
Despite prolonged sluggishness in the auto market, new small wagons such as Nissan Motor Co.’s Cube and Mazda Motor Corp.’s Demio are selling very well this year.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.