Auto sales up 21 pct in 2021

Auto sales in the first two months of the year jumped by 21 percent to 40,017 units.

Passenger vehicles dominated sales at 71 percent, according to the Vietnam Automobile Manufacturers Association.

Local company Truong Hai Auto (Thaco) led the market with 14,964 units representing a 39 percent year-on-year increase.

It was followed by Toyota (6,848), and Mitsubishi (4,605).

Honda and Ford rounded off 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.