The Vietnam Association of Motorcycle Manufacturers (VAMM) announced on July 10 that its five member companies sold 638,431 motorcycles in the second quarter, up 4.4% from the same period last year.
The Vietnam Association of Motorcycle Manufacturers (VAMM) has said its five members, namely Honda, Piaggio, Suzuki, SYM, and Yamaha, sold over 3.25 million motorbikes in 2019, a year-on-year decline of 3.87 percent.
The Vietnam Association of Motorcycle Manufacturers (VAMM) reported gloomy figures for the last months of 2019, a time when the industry typically expects a boom in sales revenue.
Sales of enterprises operating in automobile and motorbikes manufacturing and assembling in the northern province of Vinh Phuc were estimated to exceed 258 million USD since the beginning of 2019, a year-on-year increase of 19 percent.
Members of the Vietnam Association of Motorcycle Manufacturers (VAMM) witnessed sales of more than 749,500 units in the second quarter of this year, marking a decrease of 4.4 percent from the same period last year.
Motorcycle sales in 2018 broke the record set seven years ago (3.3 million) with nearly 3.4 million vehicles sold in the domestic market during the year.
Vietnam’s motorcycle market has seen an increase in its sales for the first time since 2012, reaching 1.4 million vehicles in the first six months of 2016.
