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Tag: auto sales

  • April Sees Impressive 21% Year-on-Year Surge in Auto Sales

    April Sees Impressive 21% Year-on-Year Surge in Auto Sales

    The latest sales figures reveal a significant dip in vehicle sales, with a total of 20,766 passenger vehicles sold in April—evidently a 7% decline compared to March. The commercial vehicle sector mirrored this trend, seeing sales drop to 8,619 units, also down by 7%. In contrast, special-purpose vehicles rose by 11%, reaching 200 units.

    Domestically assembled vehicles faced a similar fate with a 7% decrease, resulting in 13,890 units delivered. Alarmingly, Vietnam’s imports of completely built-up (CBU) vehicles fell sharply, plummeting 60% to just 15,695 units.

    Yet amidst the fluctuations, Toyota kept its crown as the market leader, selling 5,566 units in April. Close behind were Ford with 3,997 units, Mitsubishi at 2,038, THACO Mazda contributing 2,736, and THACO Kia with 2,055 units. The Mitsubishi Xpander stood out as the best-selling model of the month, registering 4,031 units sold, followed by the Ford Everest with 1,090 and the Toyota Yaris Cross at 1,030.

    Shifts in Vehicle Preferences

    The SUV trend remains robust, leading the product categories with sales of 5,867 vehicles. MPVs followed with 3,798 units, while sedans accounted for 3,292.

    In the realm of commercial vehicles, pickup trucks and minivans continued to reign supreme. Notably, the hybrid segment is basking in positive growth, with sales of hybrid vehicles reaching 973 in April alone—an impressive total of 3,535 since the start of the year, reflecting an 82% upswing from the previous year.

    A Booming Start to 2025

    As for the first four months of 2025, the market showcased a remarkable rebound, achieving total sales of 101,834 units—a 23% increase year-on-year. Passenger car sales climbed 22%, while commercial vehicles jumped 27%, and special-purpose vehicles skyrocketed by 49%.

    The surge in sales of imported vehicles saw a healthy 35% rise, alongside a 13% increase in domestically assembled units. Experts believe this momentum, fueled by rising consumer demand and supportive policies from automakers, bodes well for the automotive sector as it gears up for an even more prosperous second and third quarter.

    As the industry gears up for future challenges, one can’t help but wonder what surprise moves automakers might unveil next.

    Questions & Answers

    What were the total sales figures for passenger and commercial vehicles in April 2025?
    A total of 20,766 passenger vehicles and 8,619 commercial vehicles were sold in April.

    Which brand retained its market leadership in April?
    Toyota maintained its market leadership with 5,566 units sold.

    How did the hybrid vehicle segment perform?
    The hybrid segment saw a significant rise, recording 973 vehicles sold in April and a total of 3,535 so far in the year, which is an 82% increase from last year.

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  • September auto sales hits 6-month high

    September auto sales hits 6-month high

    Vietnam’s auto sales in September hit their highest peak since March, totaling 25,375 units, demonstrating a slight increase in demand.

    But the figure for the period is still a 24% year-on-year drop, according to the Vietnam Automobile Manufacturers Association (VAMA).

    In the first nine months sales dropped 29% year-on-year to 209,929 units.

    Truong Hai Auto Corporation (Thaco) sold more cars here than any other firm, totaling 67,228 units in the period, down 34% year-on-year.

    Toyota followed with 38,490 units, down 40%.

    Ford bucked the trend with 71% growth to 26,484 units.

    Mitsubishi and Honda rounded out the top five.

    Industry insiders said that the rise in September sales came as a batch of new models were released in August and many dealers offered large promotions to boost demand.

    Customers also want to take advantage of a reduction in registration fee, which will only last until the end of the year.

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  • VinFast revenues jump on EV sales to Vietnam affiliate

    VinFast revenues jump on EV sales to Vietnam affiliate

    Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest share of its sales going to an affiliate company owned by its founder.

    About 60% of VinFast’s deliveries, or more than 6,000 vehicles, went to Green SM (GSM), a Vietnam-based taxi operator and leasing provider 95% owned by VinFast’s founder, Pham Nhat Vuong, executives said on a call with analysts.

    VinFast had not provided that breakdown in its published earnings.

    For the past two quarters GSM has accounted for about two-thirds of VinFast’s sales.

    VinFast recorded US$343 in revenue for the three months ended Sept. 30, up 159% on the year. Its net loss widened 33.7% to US$623.

    The company aims to hit break even within two years and run its factory in Vietnam at full capacity by then. The factory in Haiphong has the capacity to produce 250,000 electric vehicles (EVs) per year but has been running far short of that.

    GSM launched Vietnam’s first pure EV taxi service earlier this year with a target of starting with 600 VinFast EVs. It also operates a ride service with VinFast electric scooters, executives said.

    It was not immediately clear how many of the 13,000 vehicles GSM has bought from VinFast over the past two quarters would go into its fleet or how many it would hold to lease to customers.

    VinFast Chief Executive Le Thi Thu Thuy said VinFast planned to expand its partnership with GSM to include Indonesia and India, where it is setting up smaller-scale factories that will assemble vehicles shipped in parts from Vietnam.

    “For VinFast, GSM is a very good partner,” she told analysts. “There have been an overwhelming number of questions over GSM.”

    Executives said VinFast expected to have its first U.S. franchise dealership open by the end of the year and was considering proposals from 27 dealers to sell its vehicles, including a second model, the VF 9, it expects to launch this year.

    VinFast, which was formed in 2017 and began making EVs in 2021, plans to set up kit assembly plants in both India and Indonesia to take advantage of EV incentives on offer in those markets, Thuy said.

    VinFast has entered the market at a time when EV prices are under pressure, led by cuts at market leader Tesla (TSLA.O)and a range of Chinese companies.

    VinFast, backed by Vingroup, Vietnam’s largest conglomerate, was listed on the Nasdaq in August after a merger with a blank-check company.

    Shares in VinFast were up 4.5% at US$8.4 each by 1410 GMT.

    The company, which ended the quarter with US$130 million in cash, said it expected to receive around US$1.2 billion in grants from its parent company, its founder Vuong, and two key shareholders in the next six months.

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  • Hyundai automobile sales in Vietnam increased by 5.5% in March

    Hyundai automobile sales in Vietnam increased by 5.5% in March

    Thanh Cong Group (TC Group) on April 11 announced its sales results for March with over 5,770 Hyundai automobiles sold in Vietnam last month, up 5.5% over February.

    Hyundai Accent continues to be the best-seller model in March with 1,355 units delivered to customers, followed by Hyundai Creta with 1,035 units – equal to the level a month earlier, and Hyundai Grand i10 with 664 units.

    Over 640 Hyundai Stargazer were sold last month, 2.5 times higher than February’s. The TC Group recorded sales of 514 Hyundai Santa Fe units, equivalent to the previous month Hyundai Tucson of 307, up 54.2% compared to February.

    Hyundai commercial models achieved sales of 1,016 vehicles in March, an increase of 42.1% compared to February 2023.

    In the first quarter of 2023, Hyundai-branded models achieved sales of 14,736 units, down 21.1% compared to the same period last year.

    TC Group expects higher sales in the second quarter of this year, explaining that the demand will increase thanks to the peak tourism season with greater travel demand.

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  • Auto dealers offer up to $4,000 in discounts to boost sales

    Auto dealers offer up to $4,000 in discounts to boost sales

    Auto dealers are offering discounts of up to VND100 million ($4,243) to boost sales after the Lunar New Year shopping season is over.

    As many Vietnamese bought their new cars before the annual Tet holidays, which fell from January 20-26, dealerships are seeing a decline in customers showing up or making inquiries online.

    Toyota

    Toyota dealerships are offering a VND20-VND30 million discount on the Vios, its best-selling model in Vietnam last year.

    The MPV Veloz Cross is on sale with a discount of VND35-VND45 million plus gifts.

    The SUV Fortuner, which accounted for 8% of Toyota sales in Vietnam last year, is being sold at some dealerships at a discount of over VND100 million.

    Honda

    Since earlier February Honda has been offering free registration for its two main models: the City and the SUV CR-V.

    Honda City is discounted by VND50-60 million, while the cost of bringing the CR-V home is now VND100 million lower than before Tet.

    Mitsubishi

    The Japanese automaker is offering a 50% discount on registration fees for its Attar, Triton and Outlander models.

    Rearview cameras are also being given as gifts.

    Buyers of the MPV Xpander, Mitsubishi’s best-selling model in Vietnam, will also receive VND10-VND20 million in fuel coupons.

    Hyundai

    The South Korean manufacturer is selling its i10 at a discount of VND15-VND35 million and the sedan Accent for VND20-VND55 million less.

    Discounts of VND25-VND60 million are being offered on the Elantra sedan and the crossover Creta.

    The company is also offering a VND70 million discount on the MPV Stargazer and up to VND120 million on the SUV Santa Fe.

    Kia

    The biggest discount in Kia’s lineup falls on the SUV Sorento at VND70 million.

    The crossover Sportage, which is assembled in Vietnam, is being discounted by VND50 million, and three SUV models, the Sonet, Seltos and Carens, are now priced at a VND40 million discount.

    The cheapest Kia car Morning has a discount of VND30 million.

    Suzuki

    A 50% reduction in the registration fee, which equates to around VND30 million, is being offered on the SUV XL7 and the MPV Ertiga.

    Nissan

    Nissan is giving a full discount on the registration fee on the Navara VL 4WD and the Pro 4X manufactured in 2022. The standard version is discounted by 50% on the fee.

    The sedan Almera also has a free registration fee.

    Volkswagen

    The German automaker is giving customers a cashback of VND35 million on its Polo Hatchback and VND100 million on the SUV Tiguan manufactured in 2022.

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  • Auto sales recommence growth

    Auto sales recommence growth

    Vietnam’s auto sales in March returned to growth with a 17 percent increase year-on-year to 36,962 units after two consecutive months of decline, according to Vietnam Automobile Manufacturers Association (VAMA).

    The figure was highest this year and brought sales in the first quarter to 90,506 units, up 27 percent year-on-year, said VAMA, which does not incorporate data of VinFast and TC Motor (assembler of Hyundai cars).

    Most top-selling brands posted a double-digit increase in sales compared to March last year.

    Truong Hai Auto Corporation (Thaco) led with 13,295 units sold, up nearly 33 percent year-on-year.

    Toyota sold 7,977 units, up 22 percent.

    Mitsubishi and Honda followed with 3,675 units and 3,604 units respectively.

    Visuco (Suzuki) saw sales declining by 0.8 percent, while Ford’s sales plunged 45 percent.

    With data from all brands included, the hatchback VinFast Fadil was the top-selling model in Vietnam last month at 2,567 units. It was followed by the SUV Toyota Corolla Cross and the sedan Toyota Vios.

     

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  • BMW Group India Records Highest Ever Sales Growth In 2021

    BMW Group India Records Highest Ever Sales Growth In 2021

    BMW Group India has recorded the highest ever sales growth in a decade at 35 percent selling 8,876 cars (BMW + MINI) and 5,191 motorcycles in 2021. While the Bavarian carmaker sold 8,236 units of BMW cars, 640 units of MINI cars were sold in India. BMW India saw over 40 percent contribution from locally manufactured SUVs including the BMW X1, the BMW X3, and the BMW X5. The new models such as the BMW M 340i xDrive, BMW X7 and BMW 3 Series Gran Limousine which were quite a in demand were either completely sold out or had a long waiting period of several months.

    Vikram Pawah, President, BMW Group India said, “BMW Group India has remained strong and resilient with all its three brands – BMW, MINI and BMW Motorrad – posting stellar growth. Greater flexibility and farsighted planning in business processes ensured that we overcame unpredictable market situations and increased our market share. An attractive product portfolio specially designed keeping in mind the requirements of Indian customers and an unwavering emphasis on customer service has significantly propelled brand loyalty and drawn many new customers into our fold.”

    Coming to its sedan range, the BMW 3 Series and the BMW 5 Series continued to be strong performers for the brand. Even the MINI range saw a growth of 25 per cent compared to 2020 sales where the MINI Countryman remained the bestselling MINI contributing over 50 percent to overall sales. The MINI Hatch and the popular MINI Convertible contributed 18 percent each.

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  • November auto sales rise to year high as government halves registration fee

    November auto sales rise to year high as government halves registration fee

    November saw the highest monthly auto sales this year of 38,656 units as a discount in registration fees sent buyers scrambling to dealers’.

    The figure represented a 30 percent rise from October and a 6 percent increase year-on-year, according to the Vietnam Automobile Manufacturers Association.

    The government cut registration fees for locally produced cars by 50 percent for six months starting December 1.

    November was the third month in a row in which auto sales rose after five months of declines between April and August as the fourth wave of Covid-19 hit sales.

    In the first 11 months of this year, 257,390 units were sold, a 3 percent rise.

    Thaco, an assembler of Mazda and Peugeot led with 88,967 units, up 5 percent, followed by Toyota with 55,109 units, down 7 percent, and Mitsubishi, Ford, and Honda made up the top five.

    Last year sales fell by 8 percent to 296,634 units as the Covid-19 pandemic hit the economy, people’s incomes, and discretionary spending.

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  • Auto sales hit six-month high

    Auto sales hit six-month high

    Vietnam auto sales reached 29,797 units last month, the highest since April, indicating demand recovery after prolonged social distancing.

    This is the second monthly sales rise in a row after a chain of five dropping months from April to August when the fourth Covid-19 wave hit, according to a report by Vietnam Automobile Manufacturers Association (VAMA).

    In the first 10 months, total sales hit 218,734 units, up nearly 3 percent year-on-year.

    Truong Hai Auto (Thaco) continued to lead sales with 75,604 units in the period, up 6.3 percent year-on-year.

    Toyota followed with 45,131 units, down 9.6 percent.

    Mitsubishi, Ford, and Honda rounded out the top five.

    In October, the best-selling model was the sedan Hyundai Accent with 3,346 units, followed by the pickup truck Ford Ranger.

    Last year, sales had fallen by 8 percent to 296,634 units as the Covid-19 pandemic badly affected the economy, hitting people’s incomes and discretionary spending.

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  • Auto sales surge 40 pct

    Auto sales surge 40 pct

    Auto sales in the first six months rose 40 percent year-on-year to 150,481 units, according to Vietnam Automobile Manufacturers Association (VAMA).

    Passenger vehicles saw sales rise 37 percent in the period, while commercial vehicles grew 48 percent and special-purpose vehicles, 68 percent.

    Local brand Truong Hai Auto Corporation retained the top spot with 51,685 units, up 51 percent.

    Toyota saw sales growing 16 percent to 29,239 units, while the figures for Mitsubishi were 45 percent and 14,915 units.

    Honda and Ford made up the rest of the top five.

    The best-selling car model in the first six months was the hatchback VinFast Fadil, followed by two sedans, Hyundai Accent and Toyota Vios.

    Last year sales had fallen by 8 percent to 296,634 units as the Covid-19 pandemic badly affected the economy, hitting people’s incomes and discretionary spending.

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  • Auto sales down in Vietnam

    Auto sales down in Vietnam

    Auto sales rose 53 percent year-on-year in the first five months to 126,894 units.

    Passenger vehicles accounted for 70 percent and commercial and special-purpose vehicles for the rest, according to the Vietnam Automobile Manufacturers Association (VAMA).

    Truong Hai Auto Corporation, which manufactures its own vehicles and assembles foreign brands such as Kia and Mazda, led with nearly 44,000 units, a 67 percent rise.

    It was followed by Toyota with over 24,100 units, up 16 percent.

    Mitsubishi, Honda and Ford made up the top five.

    Last year sales had fallen by 8 percent to 296,634 units as the Covid-19 pandemic badly affected the economy, hitting people’s incomes and discretionary spending.

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  • Volvo’s Global Sales Increase By 97.3% In April

    Volvo’s Global Sales Increase By 97.3% In April

    Volvo Cars achieved its 10th consecutive month of sales growth, as the company’s global sales increased by 97.5 percent in April compared with the same month last year. In April, Volvo Cars sold a total of 62,724 cars, up from 31,760 cars in the same period last year. The growth was mainly driven by strong demand in the US and Europe, in combination with a recovery from a sales drop in April last year related to the Covid-19 pandemic. In China, where sales returned to growth around this time last year, the company reported a steady increase of 11.6 percent.

    Sales in the January-April period landed at 248,422 cars, up 51.8 percent compared with the same period last year. Sales of Volvo Cars’ Recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, remained strong in Europe during the month of April, representing 42.0 percent of the company’s overall sales in Europe. Globally, Recharge cars accounted for 24.3 percent of the total sales volume.

    In the US, sales increased by 185.5 percent in April compared with the same month last year, mainly driven by strong demand for the XC90 and XC60. Total sales reached 11,036 cars, an increase from 3,866 in the same period in 2020, when many states implemented stay-at-home orders due to the pandemic.

    European sales grew to 25,816 cars for the month of April, up 178.0 percent compared with the same period last year. The increase was mainly driven by markets that have started to recover after last year’s pandemic-related shutdowns, as well as strong sales increases in the UK, Sweden and Germany.

    China, Volvo Cars’ biggest market, reported solid sales growth in April, with total sales reaching 16,435 cars. The increase was led by high demand for the locally assembled XC60 and S90 models.

    In April, the XC40 was the top-selling model, with sales of 19,833 cars (2020: 5,708), followed by the XC60 with total sales of 17,925 cars (10,908 units) and the XC90 with 9,371 cars (4,425 units).

  • Mercedes-Benz Global Sales Up By 22.3% In Q1 2021

    Mercedes-Benz Global Sales Up By 22.3% In Q1 2021

    Mercedes-Benz cars sold 590,999 passenger cars globally in the first quarter of 2021 driven by China and US retail sales as well as strong demand for plug-in hybrids and all-electric vehicles. This marks a jump of 22.3 percent in sales globally compared to the same period last year. In Europe, one in four cars sold by Mercedes-Benz and smart was an xEV.

    Globally, plug-in hybrids and all-electric cars made up about 10 percent of overall sales, with approximately 59,000 units and thereof more than 16,000 all-electric vehicles sold. The EQA too has been well received after it was launched in January this year. The company already has 20,000 orders for the EQA. Given the strong start, the company is looking to bring in 3 new models the EQS, EQB, and the EQE this year.

    The current worldwide shortage of supply in certain semiconductor components affected deliveries in the first quarter and will continue to affect sales in Q2. The company monitors the situation closely and is in constant contact with the suppliers.

    Sales of Mercedes-Benz in the Asia-Pacific region rose 46.6 percent due to the continuing strong sales development in China: where a new record was achieved with 222,520 cars delivered in Q1. In January, sales in China almost reached the milestone of 100,000 vehicles within a single month. In the Europe region, brand deliveries were despite ongoing lockdown measures in many markets at the beginning of the year slightly above Q1 2020. In Germany, Mercedes-Benz sold a total of 54,446 cars down by 15.4 percent while sales in the North America region totaled 88,318 units showing strong growth of 12.5 percent.

    In India, the company recorded a growth of 34 percent over Q1 202

  • Auto sales up 21 pct in 2021

    Auto sales up 21 pct in 2021

    Auto sales in the first two months of the year jumped by 21 percent to 40,017 units.

    Passenger vehicles dominated sales at 71 percent, according to the Vietnam Automobile Manufacturers Association.

    Local company Truong Hai Auto (Thaco) led the market with 14,964 units representing a 39 percent year-on-year increase.

    It was followed by Toyota (6,848), and Mitsubishi (4,605).

    Honda and Ford rounded off the top five.

    Last year sales had fallen by 8 percent to 296,634 units as the Covid-19 pandemic badly affected the economy, hitting people’s incomes and discretionary spending.

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  • Maruti Suzuki Records 19.3% Production Growth In February 2021

    Maruti Suzuki Records 19.3% Production Growth In February 2021

    Maruti Suzuki India has announced production figures for the month of February 2021. India’s leading carmaker said its total production increased by 19.3 percent to 1,68,180 units in February against 1,40,933 units produced in the same month last year. The numbers recorded last month are slightly better than what the automaker posted in February 2020. The total number of passenger vehicles manufactured last month were 1,65,783 units in comparison to 1,40,370 units in the corresponding month last year, witnessing a growth of 18 percent.

    The Indo-Japanese carmaker manufactured 1,60,975 units in January 2021 as against 1,68,180 units, witnessing a marginal month-on-month (MoM) growth of 4 percent. The production of mini hatchbacks – Alto and S-Presso in February 2021 decreased marginally by 4 percent to 28,213 units as compared to 29,676 units produced in the same month last year. However, compact vehicles such as WagonR, Celerio, Swift, Dzire, Ignis, Baleno, and the Glanza saw production growth of 21.22 percent with 91,091 units against 75,142 units manufactured a year ago. The Maruti Suzuki Ciaz compact sedan saw a decline in production by 34.13 percent to 1,943 units as compared to 2,950 units manufactured in February 2020.

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