Honda dominates 83% motorcycle market share in Vietnam in 2023

In 2023, Honda Vietnam's (HVN) motorcycle market share reached approximately 83.0% (calculated within the Vietnam Association of Motorcycle Manufacturers - VAMM), marking a 2.8% increase compared to 2022.

0
179

Honda Vietnam has announced its retail sales figures for the motorcycle and automobile business in December 2023, with strong growth in both segments.

In the motorcycle business, by the end of December 2023, Honda Vietnam (HVN) sold 229,411 motorcycles, an increase of 36.2% compared to the previous month and a decrease of 10.4% compared to the same period last year. The total sales for the whole year 2023 were 2,088,557 motorcycles, a decrease of 13.3% compared to 2022. Therefore, HVN’s motorcycle market share in 2023 reached about 83.0% (calculated within the Vietnam Association of Motorcycle Manufacturers – VAMM), an increase of 2.8% compared to 2022. Specifically:

In the automobile business, by the end of December 2023, Honda sold 4,059 cars in Vietnam, an increase of 60.8% compared to the previous month and an increase of 74.8% compared to the same period last year. The total sales for the whole year 2023 were 23,802 cars, a decrease of 22.3% compared to 2022. Specifically:

Trang Nguyen (Forum.autodaily.vn)

You may also like

Honda’s scooters make a groundbreaking milestone in Vietnam’s automotive industry

The remarkable advancement of the intelligent thinking technology eSP has recently been synchronized across all Honda scooter models, which is a promising signal for the motorcycle market in Vietnam.

Introducing Honda Vietnam’s New Dealer Standards and the Opening of Two Dealerships in Da Nang and Nghe An

Honda Vietnam is introducing its first-ever Honda Car dealership with a completely new identity based on global Honda standards.

When did the Honda Dream appear in Vietnam?

Emerging in Vietnam in the early 1990s, the Honda Dream, a symbolic vehicle, was valued at a whopping price equivalent to several gold bars.

Honda CBR150R – The Top Choice in the 150cc Sportbike Segment

With a sporty and aggressive design reminiscent of its big brother, the CBR1000RR-R Fireblade, yet maintaining the maneuverability of a city sports bike, along with outstanding safety features and the most attractive price in its segment, the Honda CBR150R is capturing special attention from Vietnamese bikers.