Vietnam's new vehicle market continued to surge ahead in December, with the Vietnam Automotive Manufacturers Association reporting deliveries to dealers rising by 45% to 23,775 units from 16,413 units a year earlier.
Full-year sales increased by over 56% to 208,568 units in 2015, from 133,565 units in the previous year, with the country's economy estimated to have expanded by 6.7% – driven by strong growth in construction and manufacturing sector investment, domestic consumption and exports.
Sales of passenger cars, SUVs and MPVs combined increased by close to 47% to 117,288 units last year, from 79,813 units previously. Sales of commercial vehicles, including special purpose vehicles, rose by close to 70% to 91,280 units from 53,752 units.
Toyota was the leading brand in 2015 with sales rising by 23% to 50,285 units. Truong Hai (Thaco) group, a local assembler and distributor of brands such as Kia, Mazda, Peugeot and Hyundai, reported a 90% rise in group sales to 80,421 units.
Ford's cumulative sales increased by 48% to 20,740 units, while Honda's sales were up by 28% at 8,312 units.