Illustrative image (Source: VNA)Hanoi (VNA) – Motorcycle sales in 2018 broke the record set seven yearsago (3.3 million) with nearly 3.4 million vehicles sold in the domestic market duringthe year.
Accordingto the Vietnam Association of MotorcycleManufacturers (VAMM), its five members enjoyed total sales of more than 3.38million vehicles of all kinds, up 3.5 percent year on year, surpassing theprevious record of 3.3 million vehicles in 2011.
Averagely, more than 282,000 vehicles were sold each monthand nearly 9,300 each day in 2018 in Vietnam.
The statistics did not include sales of firms which are notmembers of VAMM.
Last year, the domestic motorcycle market saw the engagementof various foreign brands such as Ducati, Kawasaki, BMW, KTM, Benelli, Peugeotand Harley-Davidson, and Vietnamese new-comer Vinfast.
Currently, VAMM has five members of Honda, Yamaha, Suzuki,Piaggio and SYM. Japanese firm Honda owns over 70 percent of the country’smarket, providing 24 motorcycle models. Meanwhile, Yamaha has 12 models,Piaggio sells 12, and Suzuki and SYM contribute 13 and 19 models, respectively.
According to VAMM Chairman Yano Takeshi, the Vietnamesemotorcycle market has entered a saturation period with consumers preferring automaticmotorbikes which are accounting for 45 percent of the market shares andexpected to continue booming in the future.
However, due to the typical urban transport system of Vietnamwith small streets and alleys, while public transport only meets a small partof travelling demands, motorbikes will continue to be the major means oftransportation, experts said.-VNA
VNA
