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New car gross sales in Vietnam greater than doubled to twenty-eight,756 models in September 2022 from depressed 12 months earlier gross sales of 12,296 models, in accordance with the Vietnam Automotive Producers Affiliation (VAMA).
The car market final month continued to get well from final 12 months’s Covid slowdown, whereas easing provide chain bottlenecks additionally helped producers fulfil pent up demand. Financial development rebounded by 13% 12 months on 12 months within the third quarter, pushed by robust development in industrial output and exports.
Complete car gross sales within the 9 months of 2022 elevated 56% to 264,951 models from 170,074 in the identical interval of final 12 months with gross sales of sunshine passenger autos surging 72% to 211,047 models whereas business car gross sales had been simply 13% larger at 53,544 models.
Truong Hai (Thaco) group, the native assembler and distributor of Kia, Mazda, Peugeot and BMW, Mini and a significant participant within the business car section, reported a 55% rise in group gross sales to 101,614 models 12 months thus far.
This included a 73% surge in Kia gross sales to 47,792 models, a 62% rise in Mazda gross sales to 26,558 models and a doubling of Peugeot gross sales to eight,825 models whereas Thaco truck gross sales had been up by simply 5% at 16,941 models.
Toyota 9 month gross sales elevated 69% to 64,130 models whereas Honda gross sales jumped by 78% to 25,143 models, Mitsubishi Motors 30,296 models (+78%), Ford 15,518 models (+4%) and Suzuki 1 2,111 models (+50%).
VAMA information didn’t embody all auto manufacturers, together with Mercedes-Benz and home start-up VinFast – which started native deliveries of its new VF8 EV SUV final month which it sells alongside its current battery powered VFe34. The corporate plans to start gross sales of the SUV mannequin within the US by the top of the 12 months.
VinFast gross sales in Vietnam fell 47% 12 months on 12 months to 1,220 models in August, bringing the 12 months thus far complete to 18,052 gross sales (-18%). The corporate’s gross sales in the entire of 2021 elevated 21% to 37,723 models.
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