April auto sales down nearly 40% vs March

Automobile sales totalled just over 11,700 units in April, down 39% against March, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on May 12.

april auto sales down nearly 40% vs march hinh 0

Of the sold vehicles, more than 7,700 were passenger cars, down 40%, while over 3,600 were commercial vehicles and 313 were special-purpose vehicles, down 36% and 16%, respectively.

Sales of domestically-assembled vehicles reached 7,400 units, down 38%, while sales of imported vehicles were down 40% to 4,361.

During the first four months of the year, VAMA members sold a total of 64,100 units, down 36% year-on-year. Sales of domestically-assembled and imported vehicles slumped 33% and 40%, respectively.

However, the figures were not complete, as many makers did not disclose their sales.
Data from VAMA and TC Motor - the representative of Hyundai Thanh Cong and not a member of VAMA - show that the best-selling car brand remained Toyota, with 2,803 units, followed by TC Motor with 2,206, Mazda with 1,329, Kia with 1,118, Mitsubishi with 876, Honda with 834, and Ford with 702.

The domestic auto market is expected to begin to recover in May if COVID-19 is brought under control, albeit at a modest rate.