Honda's Trucks Shine While Sedans Continue to Slump - Motley Fool

may be known for its cars, but right now it's trucks -- yes, trucks -- that are powering Honda's profits. Last week, Honda reported a 20% jump in second-quarter profits , thanks largely to strong sales of its truck models in major markets like the U. S. and China. But we'd better get used to it: Honda said on Monday that its truck sales took another big leap in July. arm said on Monday that its U. S. sales of trucks rose 13. 2% in July, helping the company to an overall 7. 7% year-over-year gain. To be clear, when Honda says "trucks," it (mostly) isn't talking about pickups. The company does sell a pickup, the Ridgeline, but most of its "truck" models come from its acclaimed car-based crossover SUVs and its Odyssey minivan. Those Honda SUVs have done very well in 2015 , and they continued to post gains in July. Honda's CR-V is now second only to the Accord in the brand's U. S. sales standings, and it's closing fast with an 11. 4% increase in July. Like most of its rivals, Honda has struggled to post sales gains with its mainstream sedans. Source: