SYM 2021. Record Sales in Italy (+27%) Not Enough to Offset Global Lost

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SYM FNX 125
SYM FNX 125

SYM Motorcycles Global Sales In the 2021, the double-digit lost in the domestic market, due to lower demand, has penalized SYM global performance. Global sales have been 597.456, down 11.7%, at the second all-time score. Italian operations shine.

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. 

Global Registrations Data in 2021

During the pandemic first waves, Taiwan was the best in the World to take the virus under control and when the local economy started to suffer for sharp export declining, government sustained the consumer demand, helping the domestic producers In the two-wheeler industry this policy helped the local giants, SYM and Kymco which have been resilient to the crisis.

Indeed, SYM was able to slam the all-time record sales in the 2020, thanks to roaring performance scored in Taiwan (+51.4%).

In the 2021, the double-digit lost in the domestic market, due to lower demand, has penalized SYM global performance.

Global sales have been 597.456, down 11.7%, at the second all-time score, losing almost 70.000 units in Taiwan and marginally recovering abroad.

Sales declined even in Pacific area, ASEAN, West and  East Europe – with Turkey down a deep 60.3% – .

Sales in West Europe lost a mere 2.7% thanks to the outstanding performance reported in Italy (+26.3%) which balanced lost in other countries, like Netherlands (-23.7%), Belgium (-31.7%), Switzerland (-12.4%), Portugal (-17.2%), Austria (-8.4%), Slovenia (-12.4%).

SYM motorcycles

SYM Heritage

SYM is the brand developed by Samyang 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.

SYM Fiddle II