Notably, while the sales of domestically assembled vehicles fell 3%, and of imported completely built-unit (CBU) cars rose 17%, reflecting a shift in market preferences and supply.

In November alone, VAMA members sold 39,338 vehicles, up 4% from the previous month, but down 11% compared to the same period last year.

Of the total vehicles sold in the month, 28,557 were passenger cars, up 5% month-on-month. Commercial vehicles reached 10,273 units (up 1%), while special-purpose vehicles fell 3% to 488 units.

Sales of locally assembled vehicles rose 7% to 18,370, and imported CBU sales inched up 1% to 20,968.

November marked the ninth consecutive month that VAMA members sold more imported cars than locally produced ones.

Sedans, SUVs, crossovers, and MPVs totalled 24,604 units during the month, with SUVs remaining the best-selling category with 9,870 vehicles, reflecting steady demand for high-clearance models. Lexus, Thaco Premium, and Peugeot also posted positive results in several key models.

Vietnam’s auto sales near 30,000 units in May

The Vietnam Automobile Manufacturers Association (VAMA) on June 11 reported its members’ total sales of 29,210 vehicles in May, marking a modest 1% decline from April but a robust 13% increase compared to the same month last year.