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Rabu, 08 Juni 2011

Automotive Steady 2W sales growth in May - DBS Vickers

It was reported that preliminary figures of 2W May sales volume is 709,077 units (+11% y-o-y, +1% m-o-m). The data shows that Honda (ASII products) still dominates the market with a share of 53% (377,157 units) while Yamaha was second with 40% market share (281,925 units). Year to date, Honda’s market share of 51% is far ahead of Yamaha’s 41%. Honda’s success in gaining market share is driven by its compelling automatic scooter launches. Year to date, 2W sales are in line with our estimates, comprises 39% of our FY11F projected sales volume of 8.7m units. A slowdown in June is expected as the new school year is about to start. However, sales should increase and reach its peak before Eid ul-Fitr that falls at the end of August.

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