HANOI, April 13 (Xinhua) -- Vietnam saw total motorcycle sales of 731,077 units in the first quarter of 2020, down 3.03 percent from the same period last year, Vietnam News Agency reported on Monday.
Most of the motorcycles were sold by the five Vietnam Association of Motorcycle Manufacturers (VAMM) members of Honda, Piaggio, Suzuki, SYM and Yamaha, the news agency reported.
These producers currently provide around 100 models on the market, from domestically assembled to imported vehicles, with prices ranging from 18 million Vietnamese dong (782 U.S. dollars) to 1.2 billion Vietnamese dong per unit.
Experts believe that the fall in motorcycle sales were triggered by market saturation and the downward trend began several years ago, while the improved living standards and decreasing car prices have encouraged many people to choose automobiles instead of motorcycles, the news agency reported.
The VAMM members sold nearly 3.3 million motorcycles last year, by the end of which Vietnam had over 60 million motorcycles, according to Vietnam's Ministry of Transport.
