Showing posts with label Honda. Show all posts
Showing posts with label Honda. Show all posts

Monday, June 25, 2012

I don’t want to set the world on fire  | Look At Vietnam

I don’t want to set the world on fire 

June 24, 2012

 
I just want my Chaly to burn to cinders

At least 324 motorbikes have caught fire, in the past two years, and none of them have been mine.
Last month, researchers from the Ho Chi Minh City Refinery and Petrochemical Technology Research Center released a report citing the presence of ethanol and methanol in the town’s gasoline as the possible cause of mysterious vehicle fires.
The researchers noted a rise in the importation of cheap fuel additives into Vietnam and cautioned that these chemicals could cause leaks and excessive heat in automobile and motorcycle engines.
The report was hailed as to the first and only plausible explanation for the fires, but I found it lacking. After all, the authors had failed to mention my rusty Honda Chaly or its refusal to burst into flames.
I bought the bike because it seemed “cool.” By that I mean the bike was far too small to be driven by a grown man. Most of the paint had rusted off the body and the fenders had been replaced by pieces of white plastic.
I quickly learned that the notion of “coolness” doesn’t translate well here. Few things that qualify as “cool” in America could be considered tuyệt cú mèo (interesting owl). No Vietnamese owl, for example, would be caught dead on a dirty old Chaly.
After bringing laughter to stoplights all over town for a few weeks, I began to dream of getting rid of it. I had purchased the Chaly for just US$200 and doubted that I could find anyone to buy it. But my antiquated bike seemed like an ideal candidate for a fantastic vehicle fire – and what would interest an owl more than a daring motorbike blaze?
“Foreigner’s cool bike catches fire” the headlines would read. I might even get some sort of parade.
Early government reports had attributed the fires to arsonists. Naturally, I considered picking a fight with some arsonists. The problem was, I didn’t know any.


But, my bike looked like it would have no trouble catching fire all on its own. A tangled mass of old wiring poured out of the body and snaked into a dim headlight (the vehicles’ only functioning electrical feature), which turned off and on with the help of a jury-rigged orange light switch.
The filthy 49cc engine had the horsepower of roughly one sick pony — barely enough juice to shuttle a Japanese person from the 70’s around town, let alone a heavy American from the future and his frustrated passengers.
In an effort to overheat the tiny engine, I pushed the bike hard.
At full-throttle, the Chaly reached staggering speeds of up to 40kmh and emitted a pathetic high-pitched groan. After a few weeks of steady abuse, the engine began to leak a combination of oil and gasoline. A promising bouquet of fumes accompanied the drip and I began offering smokers free rides.
At the same time, I tried to keep the Chaly on a strict diet of dangerous additives, by buying all my fuel in plastic water bottles at shady roadside kiosks.
Sadly, nothing could get my Chaly to burst into flames. In the end, I felt like a fool. After all, my motorbike has been not catching fire since 1977. In recent weeks, I’ve stopped hoping for the immolation of the Chaly. Instead, we’ve come to a strange truce. After all, we can’t all be cool—owls be damned.

Friday, March 11, 2011

Car sales increasing, contractionary policy not applied to rich people | Look At Vietnam - Vietnam news daily update

LookAtVietnam - Contrary to all predictions that cars would sell more slowly due to higher sale prices caused by the dong devaluation, and the high inflation rate, cars still have been selling very well.

Bad news thought to badly affect car market…
In general, February is a time when automobile dealers launch sale promotion campaigns to boost sales in the low season which comes after the Tet holiday. However, the economic law cannot be applied this year. Car dealers have even raised sale prices, and justified their actions with the dollar price increases.
In mid February 2011, right after the State Bank of Vietnam announced the 9.3 percent dong devaluation, Toyota Vietnam pioneered the sale price increase movement by raising the sale prices by 34-174 million dong per car. The new prices became effective on March 1.
Following the move, other automobile manufacturers, including GM Daewoo (Vidamco), Truong Hai (Kia), Ford Vietnam and Honda Vietnam also announced the increases of sale prices of their products. The price increases are relatively sharp from tens of millions dong to hundreds of millions dong.
The sharp price increases are believed to make people who dream of owning cars rethink their purchase plan.
While the news about the dollar appreciation was still shocking car dealers and people, they received another shocking news: the petrol price has been raised by 2900 dong per liter. This means that car owners will have to pay 300,000 dong more for every 100 liters of petrol used. The petrol price increase has been described as pushing the dream of purchasing cars farther away from many people, because it will be more costly to “feed” the cars.
Meanwhile, people have been warned that the petrol price may increase further in the future, because the latest 2900 dong per liter increase proves to be nothing if compared with the price increases in the world market, and that petroleum distributors need to raise the prices further to cover their expenses.
Another difficulty believed to be keeping people away from purchasing cars is that banks are tightening credit and they do not intend to increase consumer credit or fund car purchases. Commercial banks have been told not to expand loans to non-production sectors. Even when banks’ doors are open to people, they will not be able to access loans, because the lending interest rates have become overly high, reaching 22-23 percent per annum.
…but cars still selling well
Believing that the demand for cars would drop sharply as a result of the bad news, car dealers decided to reduce the numbers of imports in February. The General Statistics Office GSO released a report showing that the import revenue of cars under the mode of complete built units (CBU) in February 2011 dropped sharply in comparison with the previous month and with the same period of last year.
In February 2011, only 4500 cars were imported which had the total import turnover of 76 million dollar. The figures represent a sharp reduction of 1600 cars in comparison with January and a sharp reduction of 27 million in import turnover. Meanwhile, if compared to the same period of 2010, the number of imported cars and import turnover decreased by 17.8 percent and 20.5 percent, respectively.
As such, in the first two months of the year, the number of imported cars only reached 10,600, while the import turnover only reached 179 million dollar. Analysts believe that the imports will decrease further in the next few months.
However, contrary to all predictions, the demand for cars remains very high despite sale price increases.
The Vietnam Automobile Manufacturers’ Association VAMA on March 9 released a report showing that the association’s members sold 7889 cars in February, an increase of 56 percent in comparison with the same period of 2010.
According to VAMA, the sales showed a 24 percent decrease in comparison with January 2011. However, experts said that it is unreasonable to compare the sales in February with the sales in January. In principle, the demand in the month before Tet month (January) is always higher than the month after Tet (February).
The sales increases can be seen in all the three main types of products. Especially, the sharpest increase was seen in the sale of sedans, at 63 percent, while trucks and buses have increased 54 percent and SUVs 49 percent.
Toyota and Truong Hai are still leading in the numbers of cars sold. Toyota sold 2223 cars, just 300 cars higher than Truong Hai’s.
The third position in car sales belonged to Vinamotor (887), followed by Vidamco (666), Ford and VInaxuki (550) and Honda (371).
C. V

Monday, January 25, 2010

Thailand auto industry to benefit hugely from AFTA

The 5-per cent tax on automobiles and parts traded among the six founding Asian countries -Thailand, Malaysia, Singapore, Brunei, the Philippines and Indonesia - was abolished on January 1, in a move towards turning Asean into a single market.

This would help Asean nations become more competitive against other Asian giants - particularly China and India.

Despite the global recession last year, auto sales in China reached 13 million units and in India 2.2 million units, while combined sales in Asean hit 1.8 million units.

Since major markets such as the US, Europe and Japan are saturated and stagnant, due to the financial crisis, any growth in the auto industry would have to take place in the Asian region, analysts say.

Adisak Rohitasune, vice chairman of the Federation of Thai Industries and vice president of Asian Honda Motor, says the liberalisation of the auto and parts trade will not only help Asean manufacturers, but also draw investment into the region.

"This will help increase sourcing of raw materials and parts within the region, and expand the automobile market across the region," he said.

With the tariff barrier in Asean markets lifted, it would not be surprising to see a particular product being manufactured in one country and exported to other countries within the region, he said.

"But it will also depend on the policy and risk management of each company. For Honda, we have assembly plants in several Asean countries and have been utilising the Aico (Asean Industrial Cooperation) scheme and AFTA to dramatically lower the cost for purchasing parts. This has helped strengthen our manufacturing in each country and raised the level of competitiveness," he said.

According to Kasikorn Research Centre (KResearch), Thailand's exports of auto parts could expand by 18-22 per cent this year to Bt150 billion-Bt155 billion after plunging by 23 per cent to Bt127 billion last year due to drop in demand from the global recession.

"OEM (original) auto parts will be the main category benefiting from these changes, given their high export value that is nine times higher than REM (spare) items," it stated in research published earlier this month.

KResearch said that among the six founding Asean countries, Indonesia is expected to be the most promising market for Thai parts exports, followed by Malaysia and the Philippines.

"Auto parts for small Japanese passenger cars and commercial vehicles, such as electronic components, engines and drive-train components that are of high value, have been embraced by these markets for their OEM quality. In addition, relocation of manufacturing bases of foreign automakers into Thailand is likely to boost demand for locally-made REM parts, especially for export-oriented production," KResearch said in its report.

Ninnart Chaithirapinyo, vice chairman of Toyota Motor Thailand, the country's largest producer and exporter of vehicles, said the scrapping of the import duty could help the Asean auto market increase by as much as 10 per cent.

"Thailand would benefit greatly from this, with more income for the government from the increased excise, value-added and corporate taxes," he said.

The arrival of new models produced under the Thai government's eco car project will also serve as a boost for Thai auto exports to Asean.

Nissan will be the first company to launch an eco car in March, while Honda is expected to unveil its model at the end of this year or early next year.

Other companies in the project are Mitsubishi, Tata, Suzuki and Toyota.

According to the eco car guidelines, each manufacturer must produce at least 100,000 eco cars a year by the fifth year of production, with 50,000 units exported.



more info>>>>Thailand auto industry to benefit hugely from AFTA - Nationmultimedia.com

Tuesday, May 19, 2009

VietNamNet - Counterfeit Honda scooters attacking domestic market

Counterfeit Honda scooter models are being sold openly in both Hanoi and HCM City for an average of VND16 million. The surprisingly low prices have lured customers, even though they know they are counterfeit.


The designs and colours of the counterfeit Honda scooter models (Spacy, SCR, Air Blade) are not really different than the real products being sold on the market for VND40-100 million. The scooters are advertised as having parts imported from Taiwan and assembled in Vietnam.

The products prove to be more attractive as the sellers offer a 3-year maintenance warranty and promise to send staffs to fix problems if the scooters break down. Buyers will get new scooters from sellers if the products they purchase turn out to have technical problems.

The counterfeit Honda scooters have flocked to HCM City. A rented flat at Lam Son residential quarter on Nguyen Oanh road in Go Vap district in HCM City has been advertised as a sales agent of the cheap scooters.

The sales agent has advertised in newspapers that it sells a counterfeit Honda Air Blade at VND42 million, a Victoria VND9 million, and Nouvo Yamaha VND6 million.

In a statement released on May 13, Honda Vietnam affirmed that a shop at No 135 Nguyen Tuan purporting to be a dealer does not belong to the system of Honda authorised sales agents.

Koji Onishi, General Director of Honda Vietnam, said that in Vietnam, only Honda Vietnam is authorised by Japan’s Honda to make Honda motorbikes. All products made by Honda Vietnam are distributed through its system of authorised dealers.

He said that Honda Vietnam will work with Japanese Honda Motor and legal agencies on measures to prevent the copyright infringement in case a third party assembles scooters, imitating the Honda brand name.

Trinh Ngoc Giao, Head of the Vietnam Registration Administration, affirmed that no counterfeit Honda scooters have got certificates from the agency.

According to Hoang Cong Son, Deputy Head of the 3A Market Management Team under the HCM City Market Management Taskforce, the resolution of the case of the counterfeit goods needs to follow procedures. The company which owns the trademarks which are being imitated needs to send documents to violators, asking them to stop the violations. If the violators refuse to do that, the company can file a claim with the Market Management Taskforce, police and inspection agencies. Only after receiving claims can relevant agencies investigate.

VietNamNet/VNE

Monday, January 12, 2009

2008 witnessed biggest ever car sales

Sixteen member companies of the Vietnam Automobile Manufacturers’ Association (VAMA) reportedly sold 110,186 cars in 2008. Many manufacturers had the impressive growth rate in the year in comparison with 2007.


After the gloomy month of November, when only 5,174 cars were sold, local automobile manufacturers had a better month in December, while the sixteen companies sold 9,239 cars.

Toyota Vietnam, for example, sold 2,605 cars in December, which is an increase of 1,140 cars over November 2008. Honda Vietnam sold 568 cars, an increase of 467 cars over November, while Ford Vietnam 600 cars, up 302, and GM Daewoo 917 cars, up 228.

The car model which saw the highest sales increase in the month was the Innova by Toyota with 1,712 cars sold, representing the increase of approximately 1,000 cars over November 2008. Other models like Capita from GM Daewoo, the 4WD Everest, and Honda Civic also had the sales up two to four times more than in November.

Domestically owned manufacturers like Truong Hai, Vinamotor, and Vinaxuki also saw a sharp increase in sales in December. Truong Hai, for example, sold 1,448 cars, which was double that in November, while Vinaxuki 526 cars, up by 200 and Vinamotor with 1,351, up by 400.

Big price discounts and promotion program have been cited to explain the sales increase in the month. Some models had the price reductions of up to US $4,000 which helped attract more clients.

Customers rushed to purchase cars in December as they fear that the new tax policies changes will lead to the car price increases. They tried to purchase cars in order to avoid the tax increases while they have cars to drive on Tet days.

2008 proved to be the year which witnessed the highest car sales ever with the sales of several manufacturers this year higher by far than the previous year. GM Daewoo had 11,036, up from 7,580, Ford Vietnam with 6,494, up from 5,975, Honda Vietnam had 5,909, up from 4,260, Vinaxuki with 8,070, up from 7,358, Truong Hai had 16,373, up from 11,534 and Vinamotor with 20,887, up from 5,476.

However, some other manufacturers had the sales decrease in 2008 in comparison with 2007, including Mercedes Benz, Vinastar and Isuzu.

Vinastar proved to be the enterprise which saw the sharpest car sales decrease from 4,595 cars in 2007 to 2,925 in 2008, followed by Isuzu from 4,229 cars in 2007 to 3,385 in 2008.

In general, 2008 was a good year for automobile manufacturers, when most of them enjoyed business prosperity and the output increased by approximately 30,000 cars compared to 2007.

The big car sales were obtained mostly in the first half of the last year. According to VAMA, in the first half of 2008, the member companies sold 68,609 cars or 85% of total sales in 2007. The automobile manufacturers only really met difficulties in October and November 2008.

Imported cars saw sharp increase in 2008. According to the General Statistics Office, in 2008, enterprises imported 50,400 cars of different kinds worth over US $1 billion, a two-fold increase over 2007 when only 22,400 cars were imported.

In 2008, though the import tax on complete built unit (CBU) increased two times in March and April, from 60% to 83%, the volume of imported cars still skyrocketed at that time. Importers tried to import many cars to sell in order to avoid the foretold tax increases.

To date, 15,000 imported cars have reportedly left unsold. However, even if not counting on the 15,000 cars, the number of sold cars exceeded the 140,000 unit threshold in 2008, which made 2008 become the year with the highest ever consumption.

Tran Thuy

Friday, August 8, 2008

Vietnam Jan-July car sales more than double | Industries | Consumer Goods & Retail

Car sales in Vietnam have more than doubled so far this year, with Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) retaining its lead as the country's top seller, the Vietnam Automobile Manufacturers Association said on Thursday.
Sixteen car makers sold a combined 77,067 units during the first seven months ending July, up 120 percent from the same period last year, the association said in its monthly report.
Sales last month rose nearly one-third to 8,458 units from 6,474 units in July 2007, but were lower than 9,749 units sold this June, partly reflecting a slowdown in Vietnam's economy.
The country's economic growth slowed in the first half to an estimated 6.5 percent compared with the same period of 2007, when the annual growth was 7.91 percent.
Dealers said demand for cars in the remaining months of this year would slow after the government said it will triple registration fees to 15 percent from Aug 14, and following a 36 percent rise in fuel prices from July 21.
Toyota and Honda Motor Co Ltd (7267.T: Quote, Profile, Research, Stock Buzz) also have raised their prices, citing higher raw material prices globally and soaring inflation in Vietnam.
In the first seven months, Toyota retained its lead among the 12 manufacturers backed by foreign firms, selling 14,941 cars, up 50 percent from the same period last year.
The government planned further import tax hikes to help reduce worsening road congestion, which dealers said have prompted purchases to surge before the new tax rate comes in.
Vietnam has already raised tariffs on imported cars to 83 percent from 70 percent previously. Continued...