Business
Motorbike sales continue falling
  • | dtinews.vn, NLD | July 17, 2019 02:52 PM
Motorbike sales in the second quarter of this year dropped by 4.39% on-year, according to the Vietnam Association of Motorcycle Manufacturers (VAMM).

  

A motorbike showroom of Honda


The association reported that its five members Yamaha Vietnam, Piaggio Vietnam, SYM Vietnam, Honda Vietnam and Suzuki Vietnam saw total sales of 749,516 vehicles between March and June, down 4.39% against the same period of last year.

This was the second consecutive quarter that motorbike sales fell.

In the first quarter of this year, 753,934 motorbikes were sold in Vietnam, down 6.13% on-year.

In the first half of this year, the total motorbike sales were estimated at 1.5 million vehicles, equal to 8,300 sold each day on average.

Honda Vietnam dominated the domestic motorbike market with 74%, followed by Yamaha Vietnam, Piaggio Vietnam, SYM Vietnam and Suzuki Vietnam.

Despite the decline, experts still said that due to Vietnam typical urban planning and poor quality public transport, motorbikes would continue to be the major means of transportation. 

A study done by Germany-based Dalia Research in 2017 indicated that Vietnam tops the world in the number of people using motorbikes for daily transportation. It said 79% of Vietnamese use motorbikes for commuting, while the global average is just 10% globally.

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