Auto sales make recovery in Q1
In this article (5)
Auto sales rose by 36 percent year-on-year in the first quarter to 70,952 units, with all categories of vehicles achieving double-digit growth.
Passenger vehicles and commercial vehicles were up 34 percent and 43 percent, according to the Vietnam Automobile Manufacturers Association (VAMA).
Truong Hai Auto Corporation, or Thaco, which assembles several brands of cars and trucks, led the market with a 37 percent share, followed by Toyota (20.2 percent) and Mitsubishi (10.7 percent).
Hyundai Accent was the best-selling car in the first quarter with 4,804 units, followed by Mitsubishi Xpander (4,602) and VinFast Fadil (4,148).
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 was the total volume of auto sales for the first quarter?
What was the total volume of auto sales for the first quarter?
Auto sales reached 70,952 units in the first quarter. This represented a 36 percent increase compared to the same period last year, with all vehicle categories showing double-digit growth figures.
Q.What was the best-selling car model during the first quarter?
What was the best-selling car model during the first quarter?
The Hyundai Accent was the top-selling car in the first quarter, with 4,804 units sold. It was closely followed by the Mitsubishi Xpander and the VinFast Fadil in sales volumes.
Q.What caused the decline in auto sales last year?
What caused the decline in auto sales last year?
Auto sales fell by 8 percent last year due to the Covid-19 pandemic. The pandemic negatively impacted the economy, reducing people's incomes and discretionary spending, which affected purchase decisions.