The doldrums of summer haven't dampened the demand for our cars and trucks. Confidence in the economy still remains strong and continues to drive consumer demand for big-ticket items.

Honda and Acura continue to demonstrate positive sales growth, despite an overall lukewarm economy. It all comes back to product, and consumers continue to respond positively to our core vehicles.

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.