Auto sales make recovery in Q1

Apr 15, 2021Updated May 25, 20251 min read

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.

Tags

About the author

Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

Asia's retail intelligence, in your inbox