Vietnam New Vehicle Sales Continues Uptrend in July
New vehicle sales in Vietnam continues the uptrend momentum in July according to data released by the Vietnam Automotive Manufacturers Association (VAMA).
New vehicle sales increased by 36.6% to 24,153 units in July, from 17,688 units a year ago. The market expanded by 35% to 147,814 units in the first seven months of the year – from 109,396 sales in the same period of last year.
Toyota leads the number 1 spot with sales rising by close to 9% to 30,024 units year-to-date. Truong Hai (Thaco) group, the local assembler and distributor of brands such as Kia, Mazda, Peugeot and Hyundai, reported a 53% jump in group sales to 63,297 units.
Ford’s sales increased by 58% to 16,320 units, while Honda’s sales rose by 25% to 5,568; and GM Vietnam’s were 40% higher at 5,183 units.
Sales of passenger cars, SUVs and MPVs combined increased by a third to 81,851 units in this period, from 61,280 units a year earlier, while commercial vehicle sales were more than 37% higher at 65,963 units.