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Update news VAMM
The sales of motorbikes decreased sharply in 2020. After 30 years of continued growth, the motorbike market has become saturated.
As the motorbike registration fee has increased, consumers have become hesitant to buy new motorbikes.
The warnings about bad air quality in Hanoi and HCM City given by forecasting centers in late 2019 could lead to a stronger electric motorbike market.
The consumption of motorcycles on the local market amounted to over three million units last year, down 3.8% against 2018.
With 3.3 million motorbikes bought each year, the fourth largest market in the world for motorbikes continues to grow, with manufacturers launching new models into the Vietnamese market.
VietNamNet Bridge - Contrary to all predictions that the motorbike market has become saturated, motorbikes sales in Vietnam continue to increase.
VietNamNet Bridge - As the motorbike market is going flat, manufacturers have to reform technologies and penetrate niche markets to boost sales.
Luxury scooters are now the focus of motorbike manufacturers in Vietnam. High-end scooters, priced at VND50 million and higher, unexpectedly sold very well in 2016.
VietNamNet Bridge - Honda, the largest motorbike manufacturer in Vietnam, in a recent report, said the motorbike market would not see growth next year.
VietNamNet Bridge – The number of registered motorcycles had surpassed 43 million as of last December, around seven million units higher than the figure envisioned in the master zoning plan for the sector until 2020.