Piaggio: Sales improve despite N.A. decline
August 17, 2010
Filed under Features
The Piaggio Group increased its two-wheel sales in its fiscal first half despite a sharp decline in North America.
The company’s two-wheel sales improved nearly 6 percent due primarily to its Vietnam subsidiary, which got under way just a year ago.
Piaggio’s sales dipped more than 70 percent in North America compared to a year ago with unit sales totaling more than 3,000 units. Part of this decrease was due to a temporary stop in sales in Canada where the company changed its distribution.
Looking forward, the company said it will focus its R&D on the development of energy-efficient engines with little or zero environmental impact.