CAESAR VIAHARA VIENNA, Fla.
— Honda Visa earnings are going to rise for the next 12 months, but the automaker still needs to find ways to keep drivers happy.
Earnings for the U.S. and Mexico will increase 2.4 percent to $1.86 billion in the second quarter and 6.6 percent to 4.7 billion in 2019.
That’s expected to be enough to offset a drop in sales from the Japanese automaker, which has been on a decline.
The company also expects to add 1.5 million new vehicles this year, but some analysts worry that it may have overestimated demand in China.
Honda said it expects its gross profit for the second half to fall from $2.2 billion in fiscal year 2018 to $2 billion, and its profit margin to fall to 20.5 percent from 22.4.
Honda’s earnings are expected to grow more than 2 percent this year as it moves toward a more profitable model, with the company reporting its fourth quarter results on Tuesday.
Honda has a global footprint that includes dealerships, online sales, distribution centers, service centers and vehicle manufacturing, according to its website.
Honda expects the U, Mexico and China sales declines to be more pronounced than the U., Japan and Germany, where sales fell in 2018.
Honda plans to expand its vehicle manufacturing in China in the coming years and is hoping to have a new model ready by 2021, Honda said in a statement.