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Vietnam’s sales recovery continues in December | Automotive Industry News

According to wholesale data released by Vietnam Automobile Manufacturers Association (VAMA), Vietnam’s new car market continued to recover in December 2020, with sales increasing by more than 11% from 31,255 units in the same month of the previous year to 34,860 units. ..

The economy recovered steadily from the 0.4% year-on-year growth seen in the second quarter of 2020, accelerating to 2.6% in the third quarter and 4.5% in the fourth quarter. International tourism restrictions remain a major drag on the economy, but they are benefiting from the trade war between China and the United States, with manufacturing and exports driving the recovery.

After a 30% decline in the first half of 2020, the automotive market recovered significantly in the second half, with full-year sales down 7% from 305,562 in 2019 to 283,983. Passenger car sales declined. Commercial vehicle sales were 68,075 units, down more than 10%, while 215,908 units were just under 6%.

Truong Hai (Taco) Group, a local assembler and distributor of brands such as Kia, Mazda and Peugeot, and an important player in the commercial vehicle segment, reported last year that group sales increased 9% to 100,727 units. did. This includes Kia sales up 30% to 39,180 units, Mazda sales down 1.5% to 32,224 units, and Octopus truck sales up 5% to 24,119 units.

Toyota sales in 2020 decreased by nearly 11% to 70,692 units, Mitsubishi sales decreased by 6% to 28,954 units, Ford sold 24,663 units (-23%), and Honda sold 24,418 units (-26%). It became.



Vietnam’s sales recovery continues in December | Automotive Industry News

Source link Vietnam’s sales recovery continues in December | Automotive Industry News

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