Vietnam leads in motorbike usage amongst Southeast Asian countries
VOV.VN - Vietnam boasts the largest share (96%) of motorbike and moped users among passenger vehicles of all types compared to other countries in Southeast Asia, according to Seasia Stats, a platform that provides statistics and quotes research done by Bain & Company, GenZero, Standard Chartered Bank, and Temasek.
The remaining 4% comprises of cars, the data platform revealed.
These figures highlight that residents in several countries in Southeast Asia tend to prefer two-wheeled vehicles over four-wheeled ones.
Indonesia has a motor vehicle share of up to 88%, followed by Thailand with a share of 69%. Elsewhere, the Philippines has a motor vehicle share of up to 63%, whilst Malaysia has 49%.
Although motorbikes are a popular vehicle in Southeast Asia, the industry continues to face many difficulties in the region.
The Association of Southeast Asian Automobile Manufacturers Association (AAF) reported that apart from Vietnam, motorbike sales in Indonesia, Malaysia, the Philippines, Singapore, and Thailand fell 7.5% in the first quarter this year to 2.7 million units.
Singapore was the only country in the region which recorded an increase in motorbike sales during the period with more than 3,000 units changing hands.
Meanwhile in Vietnam, five members of the Vietnam Association of Motorcycle Manufacturers - Honda Vietnam, Piaggio Vietnam, Suzuki Vietnam, SYM Vietnam, and Yamaha Motor Vietnam - only sold 603,945 vehicles throughout the first quarter of the year.
This marks a 4.88% year on year decrease and an 11.47% decline from the previous quarter.
