| Honda doesn't deliver 2.7 million bikes a year. Maybe they did a few years ago and your info is out of date? Sales of petrol bikes have been declining for a few years in Vietnam, as the market has become saturated. Honda, Yahama, Suzuki, Piaggio, and SYM combined sold 2,492,372 units in 2021. And that wasn't a massive crash due to covid, sales were "only" down 8.1% compared to 2020. Honda is about 75% of the market. So around 1.8-1.9 million bikes. https://vietnam.vn/cong-nghe/xe-dien-dang-ham-doa-de-che-xe-... > The number of new electric scooters is not even six figures. Sure, I didn't say it was a big thing nationwide, I said some cities, so we're not really disagreeing. They make up 10% of sales now, not 50%, and even if they did it would takes year to replace all the aging bikes on the road. I said there are some cities in the north where they are very popular; I'm not talking about Ho Chi Minh City or Hanoi. I don't pretend to know why some cities seem to have tons, whether it is local policy (I think this is what happened in central Hue) or because cheap Chinese ones have been available for a while (I think this explains some of the border towns) or what. Lạng Sơn is one place where I remember them being very popular. > But they still ship the most passenger cars among other manufacturers last year. Toyota sold 69,002 cars in 2021. Hyundai sold 70,518. THACO also technically sells more than Toyota but they sell under multiple brands so it's not really the same thing. But you're right that I overstated things with Toyota; I was pushing back against the ridiculous claim that they will somehow have a monopoly and went too far. Toyota sales from VAMA
http://vama.org.vn/en/sales-report.html Hyundai isn't part of VAMA so you need to see their sales from TC Motor
https://hyundai.thanhcong.vn/htv/tin-cong-ty/tc-group-thong-... |