Vietnam's new vehicle market showed little sign of running out of steam in November with the Vietnam Automotive Manufacturers Association reporting vehicle deliveries to dealers rising by 53% to 20,921 units from 13,689 units a year earlier.
Sales in the first 11 months of the year increased by over 57% to 184,787 units, from 117,463 units previously, as the economy continues to benefit from strong growth in domestic consumption, exports and manufacturing investment.
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Sales of passenger cars, SUVs and MPVs combined increased by close to 48% to 103,503 units in the 11-month period, from 70,080 units previously. Sales of commercial vehicles, including special-purpose vehicles, rose by close to 73% to 81,284 units from 47,072 units.
Toyota was the leading brand in the January-November period, with sales rising by 24% to 44,935 units. Truong Hai (Thaco) group, a local assembler and distributor of brands such as Kia, Mazda, Peugeot and Hyundai, reported a 90% rise in overall sales to 71,085 units.
Ford's cumulative sales increased by 47% to 18,106 units, while Honda's sales were up by 31% at 7,408 units.
