Auto sales rose by 8.5% in September to 33,463 units as the market slowly recovered amid tightening global spending. September marked a third straight month of increase in sales, according to the Vietnam Automobile Manufacturers Association (VAMA), which excludes the TC Group (which makes Hyundai cars) and VinFast.
It represented a 247% rise year-on-year, admittedly from a low base as Covid-19 raged at this time last year.
But it was far below this year’s peak in May when over 43,800 units were sold.
In the first nine months sales rose 157% year-on-year to 296,403 units. Truong Hai Auto Corporation (Thaco) led with 101,614 units as sales rose by 54%.
It was followed by Toyota (64,130 units) and Mitsubishi (30,296). Honda and Ford rounded off the top five. TC Group reported sales of 56,320 units, but VinFast has not released numbers.