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.