Indonesia’s domestic motorcycle sales dropped strongly in October 2020 due to impacts of COVID-19 pandemic, according to the Association of Indonesia Motorcycle Industry (AISI).
Motorcycle manufacturers in Indonesia have started to adjust sales target this year due to impact of the COVID-19 pandemic, announced the Indonesian Motorcycle Industry Association (AISI).
Motorcycle and automobile sales by Honda Vietnam rocketed up 193 percent and 222 percent month-on-month, respectively, in May, following a nosedive of 72 percent in April due to COVID-19.
The five members of the Vietnam Association of Motorcycle Manufacturers (VAMM) sold 731,077 vehicles in the first quarter of 2020, down 3.03 percent year on year.
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.
Vietnam maintained its position as the world’s 4th largest motorcycle market despite a double-digit drop in June sale, according to motorcyclesdata.com website.
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.
Japanese motorcycle manufacturer Honda Motor Co has forecast that its sales in the Thai market will fall in 2019 due to a drop in the prices of agricultural products.
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.
The motorbike market of Vietnam has recorded positive growth in recent years, despite being forecast to enter a saturation period by the Vietnam Association of Motorcycle Manufacturers (VAMM) two years ago.
The Vietnam Association of Motorcycle Manufacturers (VAMM) has reported that in the first quarter of 2018, its five members - Honda Vietnam, Suzuki Vietnam, SYM Vietnam, Piaggio Vietnam and Yamaha Motor Vietnam - sold 803,204 motorbikes of all kinds, up 1.9 percent from the same time last year.
Vietnam spent 1.04 billion USD to import some 51,000 various vehicles in the first half of this year, according to statistics released by the General Department of Vietnam Customs.
The Vietnam Association of Motorcycle Manufacturers (VAMM)’s five members sold over 1.5 million vehicles in January-June 2017, representing a year-on-year rise of 6 percent.
Vietnamese people bought more than 24,400 cars in June, an increase of 31 percent compared with the same period last year, the Vietnam Automobile Manufacturers’ Association said.
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.
Motorcycles manufacturers in Vietnam are trying to survive in the
face of a prolonged market slump by introducing more budget units with
higher domestic content.
While motorcycle dealers bemoan the slowest sales in a decade,
manufacturers are busy since the beginning of this year, introducing new
models in the hope of triggering a revival.
World
XIII National Congress of Communist Party of Vietnam
