Honda Vietnam’s motorcycle, automobile sales continue to drop in February
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Honda Vietnam has reported its fall in motorcycle and automobile sales at 36.8% and 7.3% respectively in February.
That is the second month in a row the company recorded sale falls after seeing a growth of nearly 19% for motorcycles and 62% for the automobile last December.
In February, it sold 140,669 motorcycles, down 36.8% compared to the previous month. Specifically, the sale of Wave Alpha – its best-seller semi-automatic model, decreased by 42.6% compared to that in January.
Similarly, Vision – its best-seller scooter model – also saw a sales decrease of 34.9%, and Winner X clutch 27% compared to the previous month.
Previously, the Vietnam Association of Motorcycle Manufacturers (VAMM) forecasted that the Vietnamese motorcycle market had entered a period of saturation and was shifting from manual transmission motorbikes to automatic ones. Currently, the automatic transmission motorbike lines account for more than 45% of the market share and will be a strongly growing segment soon when Vietnam’s per capita income increases.
In February, Honda Vietnam also exported 23,917 motorcycles.
Meanwhile, the Japanese manufacturer last month sold 1,385 automobiles, down 7.3% from the previous month. Honda City and Honda CR-V continued to be the two best-selling models of Honda Vietnam with 1,235 vehicles, accounting for 89.2% of its total car sales in February.
Questions & Answers
Q.Have Honda Vietnam's sales consistently fallen recently, or have there been periods of growth?
Have Honda Vietnam's sales consistently fallen recently, or have there been periods of growth?
Sales fell for two consecutive months in February and January. This followed significant growth in December, with nearly 19% for motorcycles and 62% for automobiles.
Q.What were the sales figures for Honda Vietnam's best-selling motorcycle models in February?
What were the sales figures for Honda Vietnam's best-selling motorcycle models in February?
The Wave Alpha, a semi-automatic model, saw a 42.6% decrease in sales. The Vision scooter decreased by 34.9%, and the Winner X clutch fell by 27% compared to January.
Q.What proportion of Honda Vietnam's total car sales did its best-selling models represent in February?
What proportion of Honda Vietnam's total car sales did its best-selling models represent in February?
The Honda City and Honda CR-V were the best-selling models. Together, they accounted for 1,235 vehicles, which was 89.2% of Honda Vietnam's total car sales that month.
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