The Vietnam Automobile Manufacturers’ Association's members sell a total of 27,289 units in March, up 135% against February (Photo: VNA) According to the Vietnam AutomobileManufacturers’ Association (VAMA), its members sold a total of 27,289 units inMarch, up 135% against February.
However, the figure was still 9% lower thanthe sales recorded in March 2023.
In the first quarter of this year, the VAMAmembers’ total sales reached 58,165 units, down 17% year-on-year. Of the total,that of passenger cars declined by 21%, commercial vehicles by 6%, and special-purposeones by 48%.
In the period, the sales of domesticallyassembled cars reached 30,919 units, down 20%, while imported cars were 27,246,down 14% compared to the same period last year.
Besides VAMA members, the Vietnamese auto market also includes other automakerssuch as Audi, Jaguar Land Rover, Mercedes-Benz, Nissan, Subaru, Volkswagen, andVolvo, but they did not disclose their business results.
In addition, VinFast, Vietnam’s firstelectric vehicle (EV) manufacturer, has not published its monthly sales datasince August 2023.
Based on sales reports officially announcedby the VAMA and the Thanh Cong (TC) Group, in March, the group’s Hyundai brand continuedto lead the Vietnamese auto market in terms of sales with 4,542 vehicles sold,followed by Toyota (3,865 units), Ford (3,686), Mitsubishi (3,439), and Honda(2,832).
An abundant supply, combined with thelaunch of new models and the adjustment of prices to benefit customers, isexpected to help the market enter a period of prosperous business and wellrecover in the rest of 2024./.
VNA
