SYM motorcycles sales are declining in double digit in the ASEAN, Latam and North America, the first eight months of the 2020 balance was already in positive, with global sales at 277.000, projecting the entire year at an unbelievable +1.6%, with the new all-time record.
McD tracks new vehicles registrations across the World (over 80 countries), reporting data on calendar year. When you wish to compare data reported by us to those declared by the manufacturers, consider they usually report their “sales” (vehicles invoiced), which are usually different from “registrations”, accordingly with their fiscal year split.
SYM Global Sales in 2020
SYM in the 2020 looks resilient to the crisis more than the most of competitors thanks to a lucky market mix.
The Taiwanese government has been among the best in the World in managing the Covid19 risks and few cases have been detected in the country not requiring any block to the standard economic activity within the country. The motorcycles industry kept the positive track and SYM reported sales increased 8.6% in the first eight months of the year.
In Europe SYM sales declined during the first half. However, the aggressive commercial policy pursued in South Europe, allowed to minimize the volume lost and to speed up the recovery, with year to date August sales in line with the previous year.
Although sales are declining in double digit in the ASEAN, Latam and North America, the first eight months of the 2020 balance was already in positive, with global sales at 277.000, projecting the entire year at an unbelievable +1.6%, with the new all-time record, in the year of Covid 19!
European double-digit growth boosted 2019 global sales at record
Following an almost negative period between 2012 and 2015, in the most recent year SYM global performance is increasing.
In the 2019 global sales have been for the first time over the 400.000 units, with a record of 406.812 registrations.
The growth is based on the export activity. Indeed, in Taiwan SYM sold 190.998 units, not the best ever, while in Europe a new record of 64.345 units was scored and in Latam sales improved 21%. Sales are growing in North Africa, where the brand is among leaders, in the CIS region and in East Europe.
SYM is the brand developed by Sanyang Motor, a Taipei based motorcycles company, established in 1954 in Hsinchu (Taiwan).
SYM is the largest Taiwanese company to manufacture moped, scooter, motorcycles and ATVs. Moreover, it produces small light commercial vehicles and small cars, under Hyundai name in East Asia.
In 1962, SYM formed a joint venture with Honda, assembling locally the first motorcycle manufacturer in Taiwan. Since now, SYM has produced over 17 million motorcycles/ scooters/ ATVs.
Today, the company annual sales revenue exceeds 1 Billion US dollars and it produces more than 1 million units of motorcycles, under the leadership of Mr. W.H:C Chang the Chairman appointed in the 2014.
SYM actually occupies 2.400 workers in the home-base and overseas locations. It has direct subsidiaries in USA, China, Italy and Germany, while it is producing in Taiwan, China (in Zhong Xing) and Vietnam.