A total of 677,739 motorcycles was sold in Q3, a year-on-year fall of 18.49 percent.(Photo: VNA) Hanoi (VNA) – Members of the Vietnam Association of MotorcycleManufacturers (VAMM) sold a total of 677,739 motorcycles in Q3, a year-on-yearfall of 18.49 percent.
VAMM has five members: Honda, Yamaha, Piaggio, Suzuki, and SYM. Currently, thefive firms are distributing some 100 types of motorbikes, from middle-end tohigh-end and luxurious vehicles.
Honda Motor Vietnam said on October 12 that its motorcycle sales reached169,917 vehicles in September alone, accounting for 80.1 percent of the marketshare.
The Vietnamese motorcycle market also sees theparticipation of domestic brands such as VinFast and Pega Vietnam, along withforeign brands like Ducati, Kawasaki, BMW, KTM, Benelli, Harley Davidson,Triumph, Royal Enfield, and Motorrad. However, they are not members of VAMM sothey do not count towards the sales report.
Experts said the COVID-19 pandemic affected the purchasing power in thequarter.
During January-September, total motorcycle sales were over 1.92 millionvehicles, or more than 214,000 pieces were sold each month. This means themotorcycle market could not reach 3.25 million vehicles for the whole 2020 likeit did in previous years./.
VNA
