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Scooter prices have shown a downward trend compared to the previous period. Photo: Hai Bo. |
According to Honda’s announcement, the company has officially adjusted the suggested retail prices for a range of motorcycles currently sold in Vietnam.
Popular scooter models such as the Vision, Air Blade, and SH Mode have seen a slight increase of a few hundred thousand VND since the beginning of April.
However, the actual selling prices of most of these models at dealerships have shown signs of cooling down thanks to a stable supply.
Honda Vision cools down
For Honda’s best-selling scooter model in the Vietnamese market, only the Standard version has maintained its actual selling price compared to about two weeks ago.
“Currently, the Sports version of the Honda Vision is priced at 39.59 million VND, a decrease of 400,000 VND compared to mid-March. The Special version of this model is also reduced by 1 million VND, while the Premium version is priced at 35.29 million VND,” said a Honda dealer in Ho Chi Minh City.
Thus, despite the company’s official announcement of an increase in suggested retail prices from April 1st, the actual selling price of the Honda Vision in the first days of April was lower than in mid-March.
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Honda Air Blade 125 is selling at a lower price than the suggested retail price. Photo: Hai Bo. |
At this time, only the Standard version of the Honda Vision maintains its selling price of 33.39 million VND, as per the latest survey conducted by Zing. With this actual selling price, the Honda Vision Standard version is being sold at a premium of 1.7 million VND compared to the official suggested price.
However, customers can currently only choose to purchase the Honda Vision Standard version in black. For other versions such as Premium, Special, and Sports, dealership staff stated that there is a sufficient quantity of vehicles available, but the color options may not be evenly distributed.
At this dealership, the actual selling prices of the SH Mode Premium, Special, and Sports versions are 65.29 million, 66.29 million, and 74.39 million VND, respectively. Staff at this location stated that the Standard version of the SH Mode is temporarily out of stock, and they could not confirm exactly when it would be available.
Another scooter model that is quite popular with Vietnamese customers is the Honda Air Blade 125, which has actual selling prices ranging from 41.99 million to 42.99 million VND. Thus, compared to the suggested retail prices of Honda Vietnam, customers choosing to purchase this 125 cc scooter model can buy it at a price lower by up to 1 million VND.
Yamaha scooters selling below suggested retail prices
According to Zing‘s understanding, the selling prices of Yamaha-branded scooter models in Vietnam have remained stable and have not deviated significantly from the suggested retail prices.
In fact, the actual selling prices of models such as the Latte, Janus, and Freego are currently lower than the prices listed on the official website of Yamaha Vietnam.
Specifically, the various versions of the Yamaha Janus are being offered at prices ranging from 28.2 million to 32.2 million VND, a maximum discount of 900,000 VND compared to the official suggested prices.
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Yamaha scooters have actual selling prices that are not too different from the suggested retail prices. Photo: Chi Vu. |
The selling price of the Yamaha Latte currently ranges from 37.8 million to 38.3 million VND, while the Yamaha Freego is priced 600,000 VND lower than the suggested retail price, at 29.9 million to 33.8 million VND.
In Yamaha’s range of scooter products in Vietnam, only the Grande and NVX models have actual selling prices that are higher than the suggested retail prices. However, the difference only goes up to a maximum of 500,000 VND.
Specifically, the various versions of the Yamaha Grande have actual selling prices ranging from 45.9 million to 51 million VND, while the NVX model is priced at 55 million to 55.5 million VND at dealerships.
Stable growth in motorcycle supply
The latest report from the General Statistics Office shows that in March, the total domestic motorcycle production in Vietnam was estimated at 273,700 units, an increase of 7.84% compared to the previous month.
If calculated cumulatively from the beginning of the year, the total domestic motorcycle production in Vietnam in the first quarter of this year is estimated at 767,300 units, a decrease of 13.8% compared to the same period last year.
Looking back at the first quarter of 2022, the total motorcycle production in the first three months reached 830,900 units despite the low production point in February 2022, with only 204,500 units produced.
| Domestic motorcycle production in Vietnam has been stable and growing. | ||||
| Domestic motorcycle production in Vietnam in the first quarter of 2023 (Data: General Statistics Office) | ||||
| Label | January | February | March (Estimated) | |
| Domestic motorcycle production | units | 239,800 | 253,800 | 273,700 |
Up to now, the domestic motorcycle production line in Vietnam has maintained a good growth momentum, with the monthly production volume consistently surpassing the previous month. This stability is considered a significant advantage compared to the fluctuating production volume observed in the first quarter of 2022.
Therefore, if this stability can be maintained, the Vietnamese motorcycle market in 2023 is expected to achieve a better supply situation compared to last year.
Last year, the on-the-road price of the Honda Vision reached 60 million VND due to a shortage of supply in the middle of the year.
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