Car sales in Vietnam up 5.8% yoy in 2018

Created 14 January 2019
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Domestically assembled cars dominated Vietnam’s market in 2018, with sale number reaching 215,704 units in 2018, up 10.6% year-on-year, while imported completely-built-units (CBUs) were 72,979 units, down 6.2%, local media reported.

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Car sales in Vietnam up 5.8% yoy in 2018, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Domestically assembled cars dominate Vietnam's market

The number of car sales as of the end of 2018 are reported at 288,683 units, up 5.8% year-on-year, according to Vietnam Automobile Manufacturers’ Association (VAMA).  

This would result in a 790 cars sold per day. 

Upon breaking down, 196,949 sold units were passenger cars, up 27.7% year-on-year; 84,598 commercial vehicles, down 19.2%%; and 7,136 special-purpose vehicles, down 48.5%. 

Domestically assembled cars dominated Vietnam’s market in 2018, with sale number reaching 215,704 units in 2018, up 10.6% year-on-year, while imported completely-built-units (CBUs) were 72,979 units, down 6.2%.

Last December, a total of 34,234 cars were sold, including 23,984 passenger cars,, up 9.3% month-on-month 9,745 commercial cars up 14.5% and 505 special-purposes vehicles, down 15.8%

In 2018, domestic automaker Truong Hai Auto Corporation (THACO) maintained the largest market share with 96,127 unit sold, up 7% year-on-year, followed by Toyota Vietnam with 65,859 units, up 11% and Honda Vietnam 27,099, up 12%. 

Ford Vietnam and General Motors Vietnam came in the fourth and fifth places with 24,636, down 14% year-on-year and 12,334 units, up 17%, respectively.

 

Source: Hanoitimes  - Bridge

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