HA NOI — The motorbike market is abnormally quiet for this time of year, which usually sees a surge in sales, motorbike traders have said.
Traders from motorbike showrooms across the country said that sales had remained slow, despite promotional campaigns.
They added that the situation was in stark contrast to previous months when customers were reliant on waiting lists to give them a chance of purchasing a motorbike.
Motorbike showroom owner Nguyen Tuan Ngoc in District 4 of HCM City said that at the moment, he was selling 10-20 motorbikes per day, higher than a month ago, but a lot less than last year.
Agreeing with Ngoc, a shop- owner in Da Nang, Le Truong Giang, said that in previous years, sales were good approaching Tet, but this year, his shop was full of unsold motorbikes.
Giang added that this year, only people with a real demand for new motorbikes were buying, with the trend for buying new motorbikes at Tet subdued.
To heat the market, agents have cut prices and are offering free services and gifts to buyers, but even they have not been enough to stimulate the market.
Tough economic conditions have been cited as the main reason. — VNS