Demand for motorbikes in Vietnam decreases by 10.9 per cent this year

19:49 | 03/11/2020
Vietnamese people's demand for motorbikes dropped 15.9 per cent in the first three quarters of this year due to the impact of the COVID-19 pandemic.
demand for motorbikes in vietnam decreases by 109 per cent this year
Motorbike demand is forecast to drop by 10.9 per cent in Vietnam this year

These statistics were published by Motorcycles Data, in the second quarter of this year, motorbike sales in Vietnam decreased by 29.5 per cent on-year. In the first two quarters of this year, 1.35 million motorcycles were sold in Vietnam, down 14.8 per cent on-year.

In the second quarter in Indonesia and Thailand sales recovered, however, the Vietnamese market remained bleak. The decrease in August was 15.1 per cent, while in September it was 28.7 per cent.

Throughout the first three quarters 2.07 million motorbikes were sold in Vietnam, down 15.9 per cent on-year despite manufacturers’ efforts to issue promotion and incentive programmes.

With two months left from the year, manufacturers are still changing sales strategies to stimulate demand.

demand for motorbikes in vietnam decreases by 109 per cent this year
The most popular motorbike models in the first half of 2020

However, Motorcycles Data still forecast that motorbike sales may reach 3.07 units by the end of this year, down 10.9 per cent on-year.

According to statistics published by OKXE.vn, the five most popular motorbike models in the first six months were Honda Air Blade, Honda Wave Alpha, Yamaha Exciter, Honda SH 1501, and Honda Lead.

By Ha Vy

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