September auto sales up 8.5%

Auto sales rose by 8.5% in September to 33,463 units as the market slowly recovered amid tightening global spending.

September marked a third straight month of increase in sales, according to the Vietnam Automobile Manufacturers Association (VAMA), which excludes the TC Group (which makes Hyundai cars) and VinFast.

An employee polishes a car in Ho Chi Minh City.

It represented a 247% rise year-on-year, admittedly from a low base as Covid-19 raged at this time last year.

But it was far below this year’s peak in May when over 43,800 units were sold.

In the first nine months sales rose 157% year-on-year to 296,403 units. 

Truong Hai Auto Corporation (Thaco) led with 101,614 units as sales rose by 54%.

It was followed by Toyota (64,130 units) and Mitsubishi (30,296).

Honda and Ford rounded off the top five.

TC Group reported sales of 56,320 units, but VinFast has not released numbers.

Automobile sales soar by 247% in August

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) logged their August vehicle sales at 30,846, a month-on-month increase of 2% and a year-on-year surge of 247%.

 

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Auto sales rise 20% in July

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Vietnam to stop automatic visa extension for stranded foreigners

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Source: VnExpress