Sales in Vietnam jumped 44% in April

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New vehicle sales in Vietnam rose 44 percent to 38,134 units in April 2022 from 26,409 units a year earlier, according to wholesale data released by the Vietnam Automotive Manufacturers Association (VAMA).

Last month, sales continued to rebound to new highs from the already high volume of the previous year, reflecting some degree of pent-up demand following widespread covid shutdowns last year. The economy grew by 5% year-on-year in the first quarter of 2022, driven by strong growth in industrial production and exports.

Vehicle sales in the first four months of 2022 rose 33% to 123,931 units from 92,893 a year earlier, with sales of light passenger vehicles jumping 47% to 100,196 units while sales of commercial vehicles fell by 3% to 23,735 units.

The Truong Hai group (Thaco), a local assembler and distributor of brands such as Kia, Mazda, Peugeot, BMW-Mini and a major player in the utility vehicle segment, announced a 42% increase in group sales to 50,195 units. one year to the next. Date. This included a 60% increase in Kia sales to 23,889 units, a 46% increase in Mazda sales to 13,128 units and an 87% increase in Peugeot sales to 4,269 units while Thaco truck sales fell 1% to 8,200 units.

Toyota’s four-month sales increased 44% to 27,327 units; while Honda sales increased by 76% to 15,305 units; Mitsubishi Motors 12,554 units (+21%); Suzuki 6,129 units (42%); and Ford 5,253 units (-38%).

The VAMA data did not include all brands, including Mercedes-Benz, as well as domestic start-up VinFast which reported a 4% drop in sales to 9,155 units in the first four months of the year after a 21% increase to 37,723 units overall. of 2021. The company began deliveries of its first electric vehicle (EV) model, the VF e34, in late December and is in the process of rolling out an EV charging network.

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