High sales in first five months should see annual target of 225,000 to 230,000 sales reached.
Figures from the Vietnam Automobile Manufactures’ Association (VAMA) on sales in May indicate that the automobile market will continue to go through a boom period.
In the first five months sales reached 84,806 motor cars, an increase of 59 per cent compared with the same period last year. Given the figures, many industry leaders believe the target of 225,000 to 230,000 sales for the year as a whole is entirely feasible.
In previous months, strong growth in passenger cars and commercial vehicles, especially Mazdas, helped the Truong Hai Auto Corporation (Thaco) retain its leading position.
Thaco sold 6,603 motor cars in May, 85 per cent higher than in May 2014. Sales of all types of vehicles in the first five months stood at 27,927, a 94 per cent increase compared to the same period last year.
Toyota Vietnam was second in sales, especially in the passenger car segment. In the first five months it sold 18,742 vehicles, up 42 per cent year-on-year.
Meanwhile, Ford Vietnam sold 1,747 cars in May, 87 per cent higher than in May last year and its best May performance in 20 years in Vietnam. After continually setting records last year Ford Vietnam retained third position in sales for the year. In the first five months of this year it sold 7,335 vehicles, up 71 per cent year-on-year.
With solid growth in its CR-V and City models, Honda Vietnam was fourth, selling 642 cars in May, an increase of 40 per cent compared May 2014. In the first five months of the year it sold 3,067 vehicles, up 12 per cent compared to the same period last year.
Following Honda was Visuco Suzuki with 571 sales in May, an increase of 65 per cent, then GM Vietnam with sales of 568 cars, 38 per cent higher year-on-year.
With a policy of completely switching to imports, Mitsubishi Vietnam has escaped from the industry’s difficulties for many years. Sales in May grew 78 per cent, with 254 vehicles sold.
High sales growth was also recorded among luxury brands. While Mercedes-Benz’s sales grew 74 per cent, with 320 cars sold in May and 1,379 in the first five months, Lexus sold 114 cars in May and 483 in the first five months.