Motorcycle sales taper off 18.49%

VAMM has five members: Honda, Yamaha, Piaggio, Suzuki, and SYM. Currently, the five firms are distributing some 100 types of motorbikes, from middle-end to high-end and luxurious vehicles.

Honda Motor Vietnam said on October 12 that its motorcycle sales reached 169,917 vehicles in September alone, accounting for 80.1% of the market share.

The Vietnamese motorcycle market also sees the participation of domestic brands such as VinFast and Pega Vietnam, along with foreign brands like Ducati, Kawasaki, BMW, KTM, Benelli, Harley Davidson, Triumph, Royal Enfield, and Motorrad. However, they are not members of VAMM so they do not count towards the sales report.

Experts said the COVID-19 pandemic affected the purchasing power in the quarter.

During January-September, total motorcycle sales were over 1.92 million vehicles, or more than 214,000 pieces were sold each month. This means the motorcycle market could not reach 3.25 million vehicles for the whole 2020 like it did in previous years.