Positive automobile market trends
Vietnam’s automobile sales in September amounted to 21,366, up 32% from the same period last year, according to the Vietnam Automobile Manufacturers Association (VAMA).
The figure marks the 30th consecutive upward trending month for the market, which is forecast to continue to rise in the last quarter of this year thanks to a number of incentives and automobile exhibition events including the ongoing VIMS 2015 and the Vietnam Motor Show 2015, which will take place at the end of this month.
The Truong Hai Auto Corporation (THACO) continued to make up the largest portion of the automobile market with 7,357 cars sold in the month, up 75% from the same period last year.
THACO Deputy Director General Bui Kim Kha said his group aims to expand its network to 120 showrooms across the country to realise the yearly target of selling 40,000 units this year.
THACO was followed by Toyota with 4,670 cars and Ford with 1,888 units, up 25% and 36% from the same period last year, respectively.
Other big names such as Honda Vietnam, GM Vietnam and Mercedes-Benz Vietnam also saw year-on-year surges.
By the end of September, total automobile sales had reached 163,443, up 53% from the same period last year.
Within the first nine months of this year, 83,000 imported cars had been sold worth nearly VND2.1 trillion (US$93.3 million) were imported, up 88% in volume and 113% in value year-on-year.
The Truong Hai Auto Corporation (THACO) continued to make up the largest portion of the automobile market with 7,357 cars sold in the month, up 75% from the same period last year.
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| A THACO car (Source: VNA) |
THACO Deputy Director General Bui Kim Kha said his group aims to expand its network to 120 showrooms across the country to realise the yearly target of selling 40,000 units this year.
THACO was followed by Toyota with 4,670 cars and Ford with 1,888 units, up 25% and 36% from the same period last year, respectively.
Other big names such as Honda Vietnam, GM Vietnam and Mercedes-Benz Vietnam also saw year-on-year surges.
By the end of September, total automobile sales had reached 163,443, up 53% from the same period last year.
Within the first nine months of this year, 83,000 imported cars had been sold worth nearly VND2.1 trillion (US$93.3 million) were imported, up 88% in volume and 113% in value year-on-year.