Vehicle sales in Vietnam rose by 31.2% to 10,555 units in August, compared with 8,044 units a year earlier, according to data released by the Vietnam Automotive Manufacturers Association.
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The rise reflects improving domestic sentiment, with increasing optimism that the worst of the global economic recession is in the past.
Passenger car sales rose by over 50% to 3,528 units, while SUV and MPV sales fell by 2% to 2,287 units. Commercial vehicle sales also performed strongly, rising by 41% to 4,740 units.
Cumulative sales for the January-August period were 19% lower at 69,303 units, compared with 85,942 units a year earlier. Passenger car sales turned positive thanks to August’s sharp volume increase, with volumes 2% higher than a year-earlier period at 17,688 units. Sales of MPVs and SUVs were 18% lower at 16,499 units, while commercial vehicle sales fell by 28% to 35,136 units.
Toyota was the market leader in the January-August period, with sales falling by just 5% to 16,641 units; followed by Truong Hai (distributor of Kia vehicles, trucks) with 12,789 units (-8%); truck and bus distributor VinaMotor with 9,944 units (-42%); and GM-Daewoo with 7,688 units (-9%).
Tony Pugliese
