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Vehicles sales continue impressive rise

Released at: 17:16, 09/12/2015

Vehicles sales continue impressive rise

Sales by VAMA members up 33% month-on-month in November and 86% year-on-year.

by Son Ho

Motor vehicle sales stood at 29,706 units in November, an increase of 33 per cent against October and 86 per cent higher than in November 2014, according to a recent report from the Vietnam Automobile Manufacturers’ Association (VAMA).

Passenger cars saw sales of 18,611 units, 42 per cent higher than in October. Year-to-date sales totaled 126,597 units, 45 per cent higher year-on-year. The number of commercial vehicles sold in the month stood at 9,723, up 18.4 per cent against October. Sales of commercial vehicles in the first eleven months were 77,880 units, up 73 per cent year-on-year. Special purpose vehicle sales saw an increase of 31.2 per cent against October, with 1,372 units sold, while sales in the first eleven months reached 11,040, a substantial 109 per cent increase compared to the same period of 2014.

The number of imported completely-built-up (CBU) vehicles in November totaled 12,577 units, up by a significant 95 per cent against October and clearly indicating a shift towards imported cars. Total CBU units in 2015 as at November totaled 61,260 units, a 78 per cent increase compared to last year.

Completely-knocked-down (CKD) vehicle sales in November reached 17,129, 7.6 per cent higher than in October. Total sales of CKD units in the first eleven months stood at 154,257, a 50 per cent increase year-on-year.

Thaco retained its position at the top of the market with its wide range of vehicles, selling 8,625 units in November. The distance between Thaco and the runner-up, Toyota (4,419), widened, with the latter’s sales coming down from 22.8 per cent of VAMA’s market share to 21.1 per cent. Ford retained third place..

VAMA member sales, November 2015 and November 2014

 

November 2015

November 2014

Units

Share (per cent)

Units

Share

Mekong (Fiat, Ssangyong, PMC)

36

0.2

25

0.2

GM Vietnam

739

3.5

419

3.1

VinaStar (Mitsubishi)

418

2.0

250

1.8

Mercedes-Benz Vietnam

451

2.2

294

2.1

Visuco (Suzuki)

500

2.4

431

3.1

Toyota

4,419

21.1

4,187

30.6

Lexus

56

0.3

48

0.4

Isuzu*

695

3.3

569

4.2

Ford

2,369

11.3

1,552

11.3

Hino*

747

3.6

363

2.7

SAMCO

106

0.5

103

0.8

Thaco

8,625

41.2

4,392

32.1

Honda

828

4.0

396

2.9

Vinamotor*

193

0.9

294

2.1

VEAM

405

1.9

201

1.5

TCIEV

122

0.6

148

1.1

Dothanh

211

1.0

 

0.0

SANYANG

2

0.0

17

0.1

Total

20,921

100

13,689

100

*: not including bus chassis

In response to the fall in market share, Mr. Dao Phan Long, Vice President and General Secretary of the Vietnam Association of Mechanical Enterprises, told local media that “Toyota will not leave an attractive market like Vietnam.” In his view, Vietnam, with a population of 100 million, is a market that many manufacturers will want to enter.

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