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Vietnam’s motorbike sales down over 4 percent in Q1

The Vietnam Automobile Manufacturers' Association (VAMA) announced on April 12 that its five members sold 701,454 units in the first quarter, down 4.05 percent year-on-year.
Vietnam’s motorbike sales down over 4 percent in Q1 ảnh 1At Honda Vietnam (Photo: VNA)

Hanoi (VNA) – The Vietnam Automobile Manufacturers' Association (VAMA)announced on April 12 that its five members sold 701,454 units in the firstquarter, down 4.05 percent year-on-year.

On average each month, nearly 234,000 units were sold.

They include Honda Vietnam which is producing and distributing 26 products, Yamaha MotorVietnam 19 products, SYM Vietnam with 19, Suzuki Vietnam 17 and Piaggio Vietnam10.

Among members, Honda Vietnam accounts for nearly 80 percentof market share of motorbikes.

Several members also export motorbikes to many countries andterritories.

According to experts, purchasing power dropped by over 4percent in the first quarter due to the traditional Lunar New Year festival andthe impacts of COVID-19 pandemic.

Motorbike market is considered saturated because manyconsumers have chosen automobiles with cheaper prices instead.

Due to traffic congestion, air and dust pollution in Hanoiand Ho Chi Minh City, many people have chosen public transport means, thuscontributing to reducing vehicle sales during the period./.

VNA
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