The combination of reduced inventories and a slightly down market kept us from hitting an all-time high this month, but underlying demand for our key models remains very strong. The arrival of our 2002 models this month will help us to stay on a record pace for the year.

As the Civic has gradually moved up-market, it has left room in our lineup for a new entry-level model. With the introduction of Fit in April and all-new CR-V this fall, along with continued momentum from the new Civic and other key models, we're projecting Honda Brand sales of around 1.3 million in 2006, which would make it our 11th consecutive record year.

As the Civic has moved gradually up-market, it has left room for a new entry level model (for Honda).

We have enjoyed an outstanding and valuable relationship as title sponsor of the Honda Classic. Extending our involvement for six more years not only demonstrates our commitment to the event and the new venue, but also to the involvement of the Nicklaus family and the opportunity to help support the Nicklaus Children's Health Care Foundation.

The American consumer is rediscovering cars and the timing for the all-new 2006 Civic couldn't be better.

Surpassing the 200,000-unit sales mark is a huge milestone for Acura. The outlook for 2006 looks even brighter as we kick off Acura's 20th anniversary.