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Vietnam consumes 3.1 mln motorbikes in 2016

HANOI
2017-01-11 13:20

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Over 3.1 million motorbikes were consumed in the Vietnamese market in 2016, posting a year-on-year increase of 9.5 percent, according to the Vietnam Association of Motorcycle Manufacturers (VAMM) on Wednesday.

In the first six months of 2016, Vietnamese consumers bought over 1.444 million motorbikes while from July to December, the country's motorcycle sale hit some 1.676 million units.

Explaining why the number of sold motorbikes stood much lower than that of autos, local experts said Vietnam's motorbike consumption almost obtained the saturation level, so it can not enjoy sharp increase like autos.

VAMM groups five members - Honda, Yamaha, Piaggio, Suzuki and SYM - with 55 motorbike types.

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