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VN auto market grows slightly in 2021

Vietnam’s automobile market recorded slight growth in 2021, data from manufacturers showed.

Auto market grows slightly last year hinh anh 1

Hyundai Accent was among the best-selling models last year (Photo: TC Motor)

The Vietnam Automobile Manufacturers Association (VAMA) reported that its members sold 304,149 units in 2021, rising 3 percent from the previous year, with passenger cars down 3 percent, commercial vehicles up 17 percent, and special-purpose ones up 50 percent.

Among the sold vehicles, there were 168,357 domestically assembled cars and 135,792 completely built-up (CBU) units, respectively declining 10 percent and rising 24 percent year on year.

Apart from VAMA members, many other brands like Audi, Jaguar Land Rover, Mercedes-Benz, Nissan, Subaru, Volkswagen, Volvo also operated in the market but didn’t reveal their business outcomes.

Added with statistics from TC Motor and VinFast, which are not members of VAMA, a total of 410,390 units were sold on the local market last year.

Hyundai remained the best-selling brand in 2021 with 70,518 units, followed by Toyota (67,533), Kia (45,532), VinFast (35,723), Mazda (27,286), Mitsubishi (27,243), Ford (23,708), and Honda (21,698).

After seven years of dominating the market, Toyota Vios lost its top position as the best-selling model to VinFast Fadil, with 24,128 units sold. The following places belonged to Hyundai Accent, Toyota Vios, Toyota Corolla Cross, and KIA Seltos.

Insiders said the sales of passenger and domestically assembled vehicles in December grew 33 percent and 23 percent month on month, which was driven by the halving of registration fees for domestically assembled cars since the month.

Facing that pressure, CBU importers also cut down corresponding fees to boost sales./.

Source: VNA

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