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

Vietnam’s total vehicle sales in December 2020 stood at 47,865 units, up by 45pc from the same month in 2019 and by 31.6pc from November, reaching the highest monthly sales for the year, according to data provided by the Vietnam Automobile Manufacturers’ Association (VAMA).


Consumers opted to buy more cars in December due to year-end offers on cars by the automakers and to avail of 50pc of reduction in registration fees which was valid till Dec 21, 2020.


Passenger car sales in December rose by 28pc to 36,856 units from November, while sales of commercial vehicles (CVs) rose by 50pc to  10,673 units as compared to the previous month.


Sales of special-purpose vehicles in December stood at 336 units, down by 30pc from the month prior.


In the import and export market, Vietnam’s CKD (Completely Knocked Down) and CBU (Completely Built-Up) car sales in December stood at 29,382 units and 18,483 units, up by 25pc and 44pc, respectively, as compared to November figures.


Cumulative sales for 2020

The auto industry is recovering gradually from the slump risen due to the economic and logistical impacts of the COVID-19 pandemic across the globe. However, due to the decline in demand in the lockdown period, especially in April and May, the country’s cumulative auto sales fell by 8pc to 296,634 units as compared to 321,811 units in 2019.


In 2020, the country’s sales of passenger cars fell by 7pc to 221,274 units as compared to 237,054 units in 2019, while CV sales plummeted by 10pc to 71,507 units from 79,567 units in the previous year.


Special-purpose vehicle sales stood at 3,853 units, down by 26pc from 5,190 units sold in the year before. Sales of CKD (Completely Knocked Down) and CBU (Completely Built-Up) car sales in 2020 fell by 1pc and 17pc, respectively, from 2019.


In 2020, Vietnamese automaker Truong Hai Auto (Thaco) remained the top choice for consumers, contributing 35.5pc to the total sales. Thaco’s sales in 2020 grew by 10pc to 100,727 units.


It was followed by Toyota which sold 70,692 units, down 11pc from 2019, and then by Mitsubishi with 28,954 units, declining by 6pc from the prior year. Ford and Honda rounded out the top five highest sales in Vietnam for 2020.

Leave a Reply

Your email address will not be published.