April 15, 2014 by Bridge Much more more motorbikes for sale have come to Vietnam. More and also vietnam motorbikes designs have been offered for sale. However, many products already been unsold, everybody is making market is considered to be reaching a saturation point.
Motorbikes left unsold
Motorbike dealers are complaining that they incurred big losses in 2013, and should not see any improvement in 2014.
A senior executive of Savico, an over-all service company, said everybody is making automobile market witnessed a strong recovery in 2013, using a growth rate of over 20 percent, the motorbike market experienced a very tough couple of years.
Due with sharp drop in demand, the regarding motorbikes sale at the Savico chain dropped by 21 percent in 2013, while sales and services decreased by 15 per.
A Honda sales agent in Thanh Xuan District in Hanoi revealed that previously, can sell over 300 motorbikes a pretty good period now. That figure has dropped by 2/3 recently months, causing him a loss of revenue of VND200 million a month.
The sales reps that distribute Yamaha’s, Suzuki’s, and SYM’s products have voiced changing complaint. A dealer in Hanoi said he has sold only 30 bikes since March, though he keeps his shop open from 7.30 am to 8 pm.
New models still marketed
Though sales have been going slowly, motorbikes manufacturers still keep busy. Many new motorbike models were launched in your initial months of 2014.
Piaggio Vietnam has introduced Liberty Restyling 2014 model, targeting financial security earners. The model has been advertised as having the latest features but sold with that old price is. The pricing policy of the manufacturer aims to attract more clients.
The manufacturer has said it offers to launch another scooter model in April which offer more options to customers.
SYM a few months ago launched Attila Elizabeth Smart Idle, Honda Vietnam introduced the PCX 2014, while Lambretta is marketing the Lamsport males.
According to Costantino Sambuy, CEO of Piaggio Vietnam, the motorbikes sale in Vietnam rising by 8 percent yearly. It is considered that require for scooters will increase further the actual world future, per capita income increases to $2,600 every year by 2017.
This explains why manufacturers still continue pouring funds to Vietnam to expand their vegetation. Honda Vietnam, for example, after completing construction from the third factory, has set in operation a piston workshop worth VND230 billion.
Vietnam is starting to become the fourth largest motorbike market in Asia, after China, India and Uk. It is gradually replacing Thailand to be the motorbike production base for the world’s motorbike manufacturers.
However, the data that Vietnam has are a motorbike power does not at all times make Vietnamese happy.
Vietnam dreamed about developing the car industry, having said that has wouldn’t do because. After many years of development, found on not had the oppertunity to move beyond takes place of automobile assembly. Meanwhile, car prices in Vietnam are twice or triple modern those of other global locations.
