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Wednesday,  Sep 20,2017,19:57 (GMT+7)

Motorcycle sales pick up 6% in H1

Quoc Hung
Thursday,  Jul 13,2017,00:20 (GMT+7)
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Motorcycle sales pick up 6% in H1

Quoc Hung

Motorcycles are on display at an exhibition. Motorcycle sales in the first half of this year grew 6% compared to the same period last year to 1.52 million units - PHOTO: QUOC HUNG

HCMC – Motorcycle sales in the first half of this year grew 6% compared to the same period last year to 1.52 million units, according to a Vietnam Association of Motorcycle Manufacturers (VAMM) report.

Five VAMM members – Honda, Piaggio, Suzuki, SYM and Yamaha Motor – sold around 255,000 units a month, up by 15,000 units year-on-year.

According to industry observers, the sales result is surprising as the domestic motorcycle market had been forecast to stay flat or edge down. Motorcycle sales dipped in 2011-2013, with 2.79 million units finding buyers in 2013, down from 3.11 million units in 2012.

The association said 2015 saw signs of recovery on the local bike market, and consumption reached 2.84 million units, up a mere 4% over 2014. Over 3.12 million motorcycles were delivered to customers last year, a 9.5% increase against the previous year.

Manufacturers said sales of scooters have been higher than those of underbones. For instance, scooters accounted for more than 45% of total bike sales last year. 

VAMM chairman Yano Takeshi said scooters held a local market share of over 45% and that the segment would enjoy strong sales growth in the coming time given rising incomes of local consumers.

The domestic motorcycle market, the association said, is expected to enjoy sustained growth, as scooters and sports motorcycles have gained increasingly popularity among local customers.

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