Despite dropping revenue in China, Honda remains strong in VietnamDespite a huge reduction in revenue in China due to engine errors affecting CR-V and Civic vehicles, Honda is still doing well in Vietnam based on its market shares in the motorbike and car segments, with a new record in car sales. However, despite taking up 70 per cent of the motorbike market, Honda Vietnam has to admit that its Honda Ending Authorised Dealers (HEAD) have been selling its motorbikes above the price set by Honda Vietnam for many years, an issue which is difficult to resolve. Honda only proposes prices, and has no right to influence HEADs,” said Toshio Kuwahara, general director of Honda Vietnam. Despite that, Honda Vietnam could not avoid the Chinese subsidiary’s troubles, which came after the February recall of 350,000 CR-V and Civic cars to check engine errors. The number of CR-V vehicles sold in March was 916, far lower than the 14,360 in the same period last year.

Source: VietNamNet News May 29, 2018 05:03 UTC