Auto sales down in Vietnam
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Auto sales rose 53 percent year-on-year in the first five months to 126,894 units.
Passenger vehicles accounted for 70 percent and commercial and special-purpose vehicles for the rest, according to the Vietnam Automobile Manufacturers Association (VAMA).
Truong Hai Auto Corporation, which manufactures its own vehicles and assembles foreign brands such as Kia and Mazda, led with nearly 44,000 units, a 67 percent rise.
It was followed by Toyota with over 24,100 units, up 16 percent.
Mitsubishi, Honda and Ford made up the top five.
Last year sales had fallen by 8 percent to 296,634 units as the Covid-19 pandemic badly affected the economy, hitting people’s incomes and discretionary spending.
Questions & Answers
Q.What is the total number of vehicles sold in Vietnam during the first five months of the year?
What is the total number of vehicles sold in Vietnam during the first five months of the year?
A total of 126,894 units were sold in the first five months of the year. This represents a 53 percent increase compared to the same period last year.
Q.Which company sold the most vehicles in Vietnam over the first five months?
Which company sold the most vehicles in Vietnam over the first five months?
Truong Hai Auto Corporation led the market with nearly 44,000 units sold. This was a significant 67 percent increase for the company.
Q.What caused the decline in auto sales in Vietnam last year?
What caused the decline in auto sales in Vietnam last year?
Last year, sales fell by 8 percent due to the Covid-19 pandemic. The pandemic negatively impacted the economy, reducing people's incomes and discretionary spending.
Q.What proportion of auto sales were passenger vehicles in the first five months?
What proportion of auto sales were passenger vehicles in the first five months?
Passenger vehicles accounted for 70 percent of the total auto sales in the first five months. Commercial and special-purpose vehicles made up the remaining share.
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