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Retail Asia16/10/2023

Vietnam’s auto sales in September hit their highest peak since March, totaling 25,375 units, demonstrating a slight increase in demand. But the figure for the period is still a 24% year-on-year drop, according to the Vietnam Automobile Manufacturers Association (VAMA). In the first nine months sales dropped 29% year-on-year to 209,929 units. Truong Hai Auto […]

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Retail Asia06/10/2023

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Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest share of its sales going to an affiliate company owned by its founder. About 60% of VinFast’s deliveries, or more than 6,000 vehicles, went to Green SM (GSM), a Vietnam-based taxi operator and leasing provider 95% owned by […]

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Retail Asia11/04/2023

Thanh Cong Group (TC Group) on April 11 announced its sales results for March with over 5,770 Hyundai automobiles sold in Vietnam last month, up 5.5% over February. Hyundai Accent continues to be the best-seller model in March with 1,355 units delivered to customers, followed by Hyundai Creta with 1,035 units – equal to the […]

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Retail Asia10/02/2023

Auto dealers are offering discounts of up to VND100 million ($4,243) to boost sales after the Lunar New Year shopping season is over. As many Vietnamese bought their new cars before the annual Tet holidays, which fell from January 20-26, dealerships are seeing a decline in customers showing up or making inquiries online. Toyota Toyota dealerships are […]

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Retail Asia14/04/2022

Vietnam’s auto sales in March returned to growth with a 17 percent increase year-on-year to 36,962 units after two consecutive months of decline, according to Vietnam Automobile Manufacturers Association (VAMA). The figure was highest this year and brought sales in the first quarter to 90,506 units, up 27 percent year-on-year, said VAMA, which does not […]

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Retail Asia05/01/2022

BMW Group India has recorded the highest ever sales growth in a decade at 35 percent selling 8,876 cars (BMW + MINI) and 5,191 motorcycles in 2021. While the Bavarian carmaker sold 8,236 units of BMW cars, 640 units of MINI cars were sold in India. BMW India saw over 40 percent contribution from locally […]

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Retail Asia13/12/2021

November saw the highest monthly auto sales this year of 38,656 units as a discount in registration fees sent buyers scrambling to dealers’. The figure represented a 30 percent rise from October and a 6 percent increase year-on-year, according to the Vietnam Automobile Manufacturers Association. The government cut registration fees for locally produced cars by […]

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Retail Asia17/11/2021

Vietnam auto sales reached 29,797 units last month, the highest since April, indicating demand recovery after prolonged social distancing. This is the second monthly sales rise in a row after a chain of five dropping months from April to August when the fourth Covid-19 wave hit, according to a report by Vietnam Automobile Manufacturers Association […]

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Retail Asia14/07/2021

Auto sales in the first six months rose 40 percent year-on-year to 150,481 units, according to Vietnam Automobile Manufacturers Association (VAMA). Passenger vehicles saw sales rise 37 percent in the period, while commercial vehicles grew 48 percent and special-purpose vehicles, 68 percent. Local brand Truong Hai Auto Corporation retained the top spot with 51,685 units, […]

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Retail Asia11/06/2021

Auto sales rose 53 percent year-on-year in the first five months to 126,894 units. Passenger vehicles accounted for 70 percent and commercial and special-purpose vehicles for the rest, according to the Vietnam Automobile Manufacturers Association (VAMA). Truong Hai Auto Corporation, which manufactures its own vehicles and assembles foreign brands such as Kia and Mazda, led with […]

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Retail Asia05/05/2021

Volvo Cars achieved its 10th consecutive month of sales growth, as the company’s global sales increased by 97.5 percent in April compared with the same month last year. In April, Volvo Cars sold a total of 62,724 cars, up from 31,760 cars in the same period last year. The growth was mainly driven by strong […]

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Retail Asia13/04/2021

Mercedes-Benz cars sold 590,999 passenger cars globally in the first quarter of 2021 driven by China and US retail sales as well as strong demand for plug-in hybrids and all-electric vehicles. This marks a jump of 22.3 percent in sales globally compared to the same period last year. In Europe, one in four cars sold […]

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Retail Asia16/03/2021

Auto sales in the first two months of the year jumped by 21 percent to 40,017 units. Passenger vehicles dominated sales at 71 percent, according to the Vietnam Automobile Manufacturers Association. Local company Truong Hai Auto (Thaco) led the market with 14,964 units representing a 39 percent year-on-year increase. It was followed by Toyota (6,848), […]

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Retail Asia08/03/2021

Maruti Suzuki India has announced production figures for the month of February 2021. India’s leading carmaker said its total production increased by 19.3 percent to 1,68,180 units in February against 1,40,933 units produced in the same month last year. The numbers recorded last month are slightly better than what the automaker posted in February 2020. […]

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Retail Asia18/02/2021

Tesla Inc has reduced the price of its cheaper variants of the Model 3 sedan and the Model Y sports utility vehicle (SUV), while raising prices for their performance variants, the electric-car maker’s website showed. The price of its Model 3 Standard Range Plus has been lowered to $36,990 from $37,990, while the Model Y Standard […]

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Retail Asia05/11/2020

Auto sales have been on the upswing for the last four months. While we still cannot expect any exponential growth this year, thanks to the coronavirus crisis that dampened sales for three months, automakers are expecting sales to be restored and at least inch to breakeven level for the overall year. Even luxury carmakers like Mercedes-Benz […]

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Retail Asia14/06/2018

Thailand wants Vietnam to lift non-tariff barriers on its completely built-up car units (CBU). Earlier this year, the Vietnamese government had stiffened inspections on all CBUs, which are completely assembled units ready to export. The new restriction requires CBUs to pass environmental and emissions tests done by a Vietnamese laboratory. However, Vietnam lacks the laboratory […]

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Retail Asia14/06/2018

Vietnam’s total vehicle sales edged down 0.7 percent to 23,065 units in May from a year ago, the Vietnam Automobile Manufacturers’ Association (VAMA) said on Monday. Sales by VAMA member-manufacturers edged up 2 percent to 22,374 units in May from the year-ago period, including commercial vehicles, passenger cars and special-purpose vehicles. Vietnam’s Truong Hai Auto […]

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