Car sales in Vietnam up 12% y/y in 2019

The year of 2019 was a difficult period for Vietnam’s auto market, but also marked positive performances of most local car producers.

car sales in vietnam up 12% y/y in 2019 hinh 0

Vietnam’s car market grew at a moderate pace in 2019, with 322,322 units sold, up 12% against last year, according to a report by the Vietnam Automobile Manufacturers Association (VAMA).

Taking into account the number of car sales from non-VAMA members, a total of 399,890 units were sold in 2019, the record figure number of Vietnam’s car market to date.

Upon breaking down, 237,221 were passenger cars, up 20% year-on-year; while 79,911 were commercial vehicles, down 5.6%; and 5,190 special-purpose vehicles, down 27%. 

Sales of domestically assembled cars reached 189,450 units in 2019, down 12% year-on-year, while 132,872 imported completely-built-units (CBUs) were sold in the period, jumping 82%. 

In December, car sales reached 33,159 units up 11% month-on-month and down 3% against December 2018, including 24,823 passenger cars, up 11% month-on-month; 7,959 commercial cars, up 10.5%; and 377 special-purpose vehicles, up 14%.

The sales volume of locally assembled cars in December was reported at 19,700 units, up 19% month-on-month, and 13,459 imported cars were sold, up 1.6%. 

 

VAMA suggested 2019 was a difficult year for Vietnam’s auto market, but also marked positive performances of most local car producers.

In 2019, Ford Vietnam reported sales volume of 32,175, up 31% year-on-year, in which the number in December was 3,095, up 17% month-on-month. Hanoitimes

Anh Kiet

Online car sales not clicking with customers

Online car sales not clicking with customers

With booming online sales, e-commerce exchanges have set their sights on the automotive industry.

Car sales in Vietnam forecasted to reach 400,000 this year

Car sales in Vietnam forecasted to reach 400,000 this year

Car sales in Vietnam have been forecasted to hit the record high of 400,000 by the end of this year.

 
 

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