Vietnam’s recovery remained on track in November, with sales rising by 8.3% to 9,295 units compared with 8,582 sales in the same month of last year, according to data released by the Vietnam Automotive Manufacturers Association.
Last month it was the commercial sector leading the market forward, having lagged significantly in this year’s strong market rebound. Sales of these vehicles increased by 10.6% to 3,413 units, from 3,085 units a year earlier, while light passenger vehicles – including passenger cars, SUVs and MPVs – increased by just 6% to 5,720 units, from 5,394 units previously.
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In the January-November period, overall vehicle sales increased by 18.2% to 85,061 units, from 71,943 in the same period of last year. Light passenger vehicle sales were much stronger over the 11–month period, with growth of over 33% to 50,733 units, while commercial vehicle sales were just 1.2% higher at 32,806 units.
Toyota led the market year-to-date with 29,292 sales, up by close to 35% year on year. Truong Hai (Thaco), which assembles Kias and various other commercial vehicles, reported a 1.4% fall in sales to 21,550 units in the same period.
Ford outperformed the market thanks mainly to the popularity of its new Ranger pickup truck and strong demand for the Transit van. Its sales jumped by 76% to 7,158 units, followed by GM which reported a 13% volume sales drop to 4,427 units.
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