Motorcycle import, consumption accelerates

SGGP
Motorcycle consumption was in uptrend with consumption volume averaging 255,000 vehicles a month in the first half this year, up 15,000 over the same period last year, according to the Ministry of Industry and Trade.

A motorcycle shop in HCMC (Photo: SGGP)

A motorcycle shop in HCMC (Photo: SGGP)

Meantime, statistics from the General Department of Vietnam Customs show that motorcycle and part import turnover reached $210 million, a year on year increase of 14.3 percent.
Vietnam Motorcycle Manufacturers Association (VAMM) reported that its five members’ sales went up 6 percent to hit 1,527 million motorbikes of various types. That does not include export vehicles.
The five members include Honda Vietnam, Suzuki Vietnam, SYM Vietnam and Yamaha Motor Vietnam.
According to manufactures, underbones consumption has been in downward trend while scooters has been on the rise. In 2016, the ratio of sold scooters accounted for 45 percent.
VAMM forecast that Vietnam’s motorcycle market will be stable in the upcoming time with a strong development of scooter lines. Therefore, distributors will increase import of products in this segment.

By LAC PHONG – Translated by Hai Mien

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