Saturday, June 25 2022


Motorcycle sales plummet

Update: July, 13/2020 - 21:26
A Honda shop in Hà Nội. — VNA/VNS Photo

HÀ NỘI — Members of the Việt Nam Association of Motorcycle Manufacturers (VAMM) sold nearly 519,000 motorcycles in the second quarter this year, a year-on-year decrease of 30.77 per cent.

The five members include Honda, Piaggio, Suzuki, SYM and Yamaha.

Of those, Honda Việt Nam currently accounts for 80 per cent of the motorcycle market share in the Vietnamese market.

It said that it had motorcycle sales of 174,755 last month, down 3 per cent from the previous month and down 4 per cent compared to the same period last year.

The Vietnamese motorcycle market also includes domestic brands such as VinFast and PEGA Việt Nam, along with foreign brands like Ducati, Kawasaki, BMW, KTM, Benelli, Harley Davidson, Triumph, Royal Enfield and Motorrad, which are distributed in the country.

However, these units are not members of VAMA so they do not count towards the sales report.

Experts said in addition to the impact of the COVID-19 pandemic and social distancing that affected purchasing power in the second quarter, sales of motorcycles of the members were also shared with these non-VAMM members.

Besides, the Vietnamese motorcycle market has also entered a saturated phase.

Along with that, the trend of people moving to use eco-friendly electric motorcycles, buying cars or choosing public transport had also contributed to declining vehicle sales, said the association. — VNS

Send Us Your Comments:

See also: