September auto sales up 8.5%
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Auto sales rose by 8.5% in September to 33,463 units as the market slowly recovered amid tightening global spending. September marked a third straight month of increase in sales, according to the Vietnam Automobile Manufacturers Association (VAMA), which excludes the TC Group (which makes Hyundai cars) and VinFast.
It represented a 247% rise year-on-year, admittedly from a low base as Covid-19 raged at this time last year.
But it was far below this year’s peak in May when over 43,800 units were sold.
In the first nine months sales rose 157% year-on-year to 296,403 units. Truong Hai Auto Corporation (Thaco) led with 101,614 units as sales rose by 54%.
It was followed by Toyota (64,130 units) and Mitsubishi (30,296). Honda and Ford rounded off the top five. TC Group reported sales of 56,320 units, but VinFast has not released numbers.
Questions & Answers
Q.Which manufacturers' sales data are not included in the Vietnam Automobile Manufacturers Association's report?
Which manufacturers' sales data are not included in the Vietnam Automobile Manufacturers Association's report?
The VAMA report on September auto sales excludes figures from the TC Group, which produces Hyundai cars, and VinFast. This means their contributions are not part of the overall 8.5% rise reported by VAMA.
Q.How did September's sales figures compare to the highest sales month earlier in the year?
How did September's sales figures compare to the highest sales month earlier in the year?
September's sales of 33,463 units were significantly lower than the year's peak, which occurred in May. In May, over 43,800 units were sold, indicating a considerable drop from the highest monthly performance.
Q.Which company led the market in sales over the first nine months of the year?
Which company led the market in sales over the first nine months of the year?
Truong Hai Auto Corporation, also known as Thaco, was the market leader during the first nine months. They sold 101,614 units, and their sales increased by 54% compared to the previous year.
Q.What was the total increase in auto sales for the first nine months compared to the previous year?
What was the total increase in auto sales for the first nine months compared to the previous year?
Auto sales for the first nine months of the year saw a substantial increase of 157% year-on-year. This brought the total number of units sold to 296,403, indicating a strong recovery compared to the prior period.
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