Business

Honda Vietnam’s motorbike, auto sales plunge in February

Honda Vietnam reported significant declines of 49.7 percent and 57.5 percent in its sales of motorbikes and automobiles in February compared to the previous month.
Honda Vietnam’s motorbike, auto sales plunge in February ảnh 1Illustrative photo (Source: VNA)
Hanoi(VNA) - Honda Vietnam reported significant declines of 49.7 percent and 57.5percent in its sales of motorbikes and automobiles in February compared to theprevious month.

It sold 127,981motorbikes during the month, down 21.5 percent year-on-year.

The Wave Alpha wasits best-selling bike, with 20,799 units sold, or 16.3 percent of the total,while the Vision was its most popular scooter, with 32,672 units sold, or 21.5percent.

It also exported17,928 units to different markets.

Over 1,281automobiles, meanwhile, were handed over to customers, a year-on-year declineof 8.9 percent.

The Honda City wasthe hottest model, with 613 units delivered in during the month, accounting for47.9 percent of total sales.

Insiders pointedto the long Lunar New Year holiday in February, during which the marketrecorded almost zero transactions, as being behind the fall. Complications fromCOVID-19 in many localities also took a toll on sales, as businesses andconsumers tightened their belts./.
VNA
#Honda Vietnam #sales of motorbikes and automobiles #Febraury #Wave Alpha #Vision #Honda City #Lunar New Year holiday #COVID-19 #Vietnam #Vietnam news agency
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