Sales of the third quarter of 2020 reached 677,739 units, down 18.49% over the same period in 2019, according to the VAMM report.
VAMM, Vietnam Association of Motorcycle Manufacturers announced the sales results for the third quarter of this year. Compared to the same period in 2019, sales decreased by 153,701, equivalent to 18.49%. The explanation for the decrease in purchasing power is easy to see because the Covid-19 epidemic has been complicated since April to now.
Accumulated sales of 2020 from the beginning of the year until now (three quarters), the whole market for two-wheelers reached 1,927,736 units, a decrease of 407,154 units over the same period in 2019, equivalent to a decrease of 21.12%.
In 2020, the sales of the third quarter will reach 677,739 vehicles, a decrease of 53,338 vehicles compared to the first quarter and an increase of 158,819 vehicles compared to the second quarter. It can be seen clearly that the second quarter was most affected by the Covid-19 translation, due to the first social gap order in April. However, in the third quarter, the motorcycle market had a bit more prosperous. outbreaks for the second time since the end of July.
Vietnam Association of Motorcycle Manufacturers with five members: Honda, Piaggo, Suzuki, SYM and Yamaha. In which, Honda is the most popular motorcycle manufacturer in the Vietnamese market. According to Honda’s report in fiscal year 2021, from April to September 2020, cumulative sales of motorcycles reached 958,875 vehicles, down 25% over the same period in 2019. While market share accounted for 80.1% of the total. Motorcycle market in Vietnam. The members of the rest of VAMM do not publish specific sales.
Honda is favored in Vietnam by the Japanese automaker constantly introducing new products, from low-cost to high-end, from Wave car to super motorcycle CBR1000RR-R Fireblade SP. Previously, Honda’s main rival was Yamaha, but in recent times, Yamaha has hardly introduced a new product. Unlike Yamaha, Piaggio competes with Honda with scooter models. The Italian automaker also renewed many products as well as added special versions of Piaggio and Vespa. Particularly, Suzuki and SYM are quieter.