Vietnam’s new vehicle market continued to expand rapidly in October, with deliveries to dealers rising by 44% to 19,181 units from 13,324 units a year earlier according to data released by the Vietnam Automotive Manufacturers Association.
Sales in the first 10months of the year increased by over 58% to 163,855 units, from 103,463 units previously, as the economy continued to benefit from strong domestic consumption and manufacturing investment.
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Sales of passenger cars, SUVs and MPVs combined increased by close to 48% to 91,838 units in the 10-month period, from 62,182 units previously.
Commercial vehicle sales rose by over 74% to 72,017 units, from 41,281 units.
Toyota was the leading brand in the January-October period, with sales rising by 27% to 40,516 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 62,460 units.
Ford’s cumulative sales increased by 46% to 15,737 units, while Honda’s sales were up by 25% at 6,580 units.
