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Tuesday, October 20, 2020

Honda Vietnam sees motorcycle sales plummet

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HCMC – Honda Vietnam, which dominated Vietnam’s motorcycle market last year with an 80% market share, has reported a 72% plunge in sales in April due to the impact of Covid-19, the disease caused by the coronavirus.

A manager at a Honda Executive Authorized Dealer (HEAD) in HCMC noted that the motorcycle showroom last month saw its sales plummet by a whopping 70% year-on-year as it had to shut down for three weeks to prevent the spread of Covid-19.

According to Honda Vietnam, in April, the firm sold a mere 61,750 motorcycles of all types, dipping by 61% against the month earlier and 72% year-on-year.

In the manual transmission motorcycle segment, the Wave Alpha model was consumed the most, at 11,504 units, accounting for 19% of the total. Meanwhile, the Honda Vision was the most sought after scooter in April, with some 13,880 units sold, making up 22% of the company’s purchased motorcycles.

Besides this, the firm exported over 4,510 motorcycles last month.

The double whammy of the temporary suspension of its factories and the closure of its HEADs to combat the coronavirus pandemic drove Honda Vietnam’s motorcycle sales down sharply.

By Hung Le

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