Sales of new cars in Vietnam rose 19% to 35,021 units in March 2022 from 29,329 units a year earlier, according to the Vietnam Automobile Manufacturers Association (VAMA).
Growth last month hit the already strong volume of the previous year and reflected some degree of domestic deferred demand following Covid’s widespread close in the third quarter of last year. According to the Central Bureau of Statistics, the economy grew by just over 5% year on year in the first quarter of 2022, driven by strong growth in industrial activity and exports.
In the first quarter of 2022, sales increased by 29% to 85,797 units from 66,484 units a year earlier, with sales of light passenger cars increased by 38% to 68,457 units, while sales of commercial vehicles increased by 2% to 17,340. units after deliveries fell 11 in March.
The Truong Hai Group (Thaco), a local assembler and distributor of Kia, Mazda, Peugeot, BMW-Mini and commercial vehicles, reported a 42% increase in the group’s sales to 35,508 units per year. This included a 57% increase. Kia sales to 16,795 units, an increase of 40%. Mazda volume up to 9073 units and a jump of 107%. Peugeot supplies up to 3184 units at the time That’s right Truck sales increased by only 6% to 5,930 units.
Toyota In the first quarter, sales rose 39% to 18,633 units Honda sales rose 36% to 9,205 units; Mitsubishi 8938 units (+ 26%); Suzuki 5018 units (+ 28%); and Ford 3320 units (-44%).
VAMA data did not include all brands, including Mercedes-Benz and domestic startup VinFast, which reported a 2% drop in sales to 6,728 units in the first quarter from 6,849 units a year earlier after rising 21% to 37,723 units in the first quarter. the whole of 2021.
The company began shipping its first electric vehicle (EV) model, the VF e34, in late December and is deploying a network to recharge the EV.