Vietnam’s total auto sales in February 2021 stood at 13,585 units, down by 48pc from Feb 2020 and by 22pc from the preceding month, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
Auto sales in Vietnam fell in February due to the economic impact of the COVID-19-induced restrictions and the Lunar New Year holiday.
Passenger car sales fell by 53pc to 9,639 units from the prior month, while sales of commercial vehicles (CVs) stood at 3,767 units, down by 34pc as compared to February 2020. Sales of special-purpose vehicles stood at 179 units, down by 30pc as compared to the previous month.
In the export market, Vietnam’s CKD (Completely Knocked Down) and CBU (Completely Built-Up) car sales in February stood at 8,610 units and 4,975 units, declining by 41pc and 58pc, respectively, from the preceding month.
In the first two months of the year, Vietnam’s auto sales increased by 21pc to 40,017 units from 33,185 units sold in the prior-year period.
In the Jan-Feb period, passenger car sales stood at 30,037, up by 19pc from 25,222 units in the prior-year period, while CV sales rose by 28pc to 9,508 units as compared to 7,406 units sold a year ago.
Sales of special-purpose vehicles in the two-month period, however, declined by 15pc to 472 units from 557 units sold in the prior-year period.
Vietnam’s CKD (Completely Knocked Down) and CBU (Completely Built-Up) car’s cumulative sales in the Jan-Feb stood at 40,017 units, of which, CKD sales grew by 11pc and CBU sales rose by 37pc as compared to the same period in 2020.