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?
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