Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Vietnam’s total auto sales in March 2021 stood at 30,935 units, up by 61pc from March 2020 and by 127pc from the preceding month (February 2021), according to the Vietnam Automobile Manufacturers’ Association (VAMA). The country’s auto sector witnessed a strong growth momentum in March.


Passenger car sales in March grew by 119pc to 21,089 units from the previous month, while sales of commercial vehicles (CVs) stood at 9,227 units, up by 145pc as compared to February 2021.


In March, sales of special-purpose vehicles stood at 619 units, up by 246pc as compared to the prior month.


In the export market, Vietnam’s CKD (Completely Knocked Down) and CBU (Completely Built-Up) car sales in March stood at 17,140 units and 13,795 units, registering a growth of 99pc and 177pc, respectively, from the preceding month.


Many auto manufacturers in Vietnam continuously launched new models or upgraded versions with promotions and discounts, while the COVID-19 pandemic has also been under control as vaccination drive has been carried out in many localities. Domestic tourism has reopened in the country contributing to boosting the overall purchasing power of car manufacturers and consumers, as per media reports.


Q1 2021 sales

In the first three months of the year (Jan-Mar, 2021), Vietnam’s auto sales increased by 21pc to 70,952 units from 52,339 units sold in the prior-year period.


In the Jan-Mar period, passenger car sales stood at 51,126 units, up by 34pc from the prior-year period, while CV sales rose by 43pc to 18,735 units as compared to the same period in the previous year. Sales of special-purpose vehicles in the three-month period grew by 17pc to 1,091 units from the prior-year period.


The best-selling brand in March was Hyundai with sales of 6,807 units, followed by Toyota with 6,527 units, then by Kia with 3,745 units, Ford with 3,228 units, Mazda with 2,606 units, and Honda with 2,486 units.

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