New vehicle sales in Vietnam continued to surge ahead in July, with deliveries jumping by 58% to 17,688 units from 11,183 units a year earlier, according to data released by the Vietnam Automotive Manufacturers Association.
Sales in the first seven months of the year increased by close to 65% to 109,399 units, from 66,190 units previously, reflecting strong economic growth estimated at over 6.4% in this period – driven by buoyant domestic consumption, investment and exports.
Cumulative sales of passenger cars, SUVs and MPVs combined increased by over 53% to 61,281, from 40,031 previously. Commercial vehicle sales rose by almost 84% to 48,118 units, from 26,159 units.
Toyota was the leading brand over the seven month period, with sales rising by over 35% to 27,581 units. Truong Hai (Thaco) group, a local company with a number of brands in its portfolio including Kia, Mazda, Peugeot and some lesser known commercial vehicles, reported a 96% rise in overall sales to 41,420 units in this period.
Ford’s cumulative sales increased by 58% to 10,357 units, while Honda’s sales were up by 21% at 4,471 units.