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.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
