Honda Vietnam’s motorcycle, car sales decline in Jan
Honda Vietnam (HVN) reported a drop in both motorcycle and automobile sales in January, down 12.6% and 9.7% year-on-year, respectively.
At Honda Phuc Yen factory in Vinh Phuc province. Photo courtesy of VNA.
Motorcycle sales reached 198,911 units, marking a 12.6% decline from January 2024. However, cumulative sales for the fiscal year 2025 (April 2024-March 2025) rose 3.7% to 1,863,681 units. The company also exported 41,326 motorcycles to various markets, reinforcing its global presence.
In the automobile segment, Honda Vietnam sold 1,826 units last month, a 9.7% decrease year-on-year. Despite this, cumulative car sales for the fiscal year totaled 23,974 units, up 11.7%, indicating a gradual recovery.
Honda Vietnam remains optimistic, attributing future growth prospects to an expanded product lineup and promotional programs.
Current incentives include discounts on registration fees for models like the CR-V, City, Civic, BR-V, and HR-V, as well as cash support of up to VND250 million ($9,815) for Accord buyers.
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