Vietnam second for motorcycle consumption in Southeast Asia
VOV.VN - Vietnam ranked second in terms of volume of motorcycle sales in Southeast Asia during the first half of the year with 1.249 million units, according to figures released by the website motorcyclesdata.com.
This comes after the motorcycle market in Southeast Asia has experienced a dip due to the impact of the novel coronavirus, which has largely caused purchasing power to plummet.
Most notably, total motorbike consumption in Southeast Asia reached only 4.83 million units during the first half of the year, representing an annual decline of 33.3%.
Whilst Indonesia continues to be the region’s leading consumer of motorcycles, the country is second with a sales volume of 1.249 million units, marking a decrease of 14% on-year, equivalent 254,000 units.
Furthermore, the number of motorcycles being sold throughout the region in Southeast Asian countries such as Thailand, Malaysia, Indonesia, Vietnam, the Philippines, Singapore, Brunei, Myanmar, Laos, and Cambodia, during the second quarter recorded a drop of 60% on-year.
According to data published on Motorcycles Data’s website, the Philippines’ motorcycle market is facing up to risks regarding the loss of its growth momentum following eight consecutive years, with motorbike sales in the first half falling by 47%.
Simultaneously, Thailand, Malaysia, and Singapore have also recorded a sharp decline in comparison to the same period last year, with decreases of 15.5%, 27.2%, and 38%, respectively.
