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Car sales in Vietnam increased by 60%

This is the first month of 2022, sales of VAMA member units have had a good growth, after decreasing by 34% in January and decreasing by 26% in February.

In terms of vehicle segment, in March, the Vietnamese auto market consumed 28,491 passenger cars, up 62%; 7,794 commercial vehicles, up 63%; and 677 specialized vehicles, up 41% from the previous month.

In terms of vehicle origin, sales of domestically assembled cars reached 21,863 units, up 50% and sales of imported CBUs were 15,099 units, up 82% over the previous month.

Generally in the first 3 months of 2022, VAMA member units have a total sales of 90,506 vehicles of all kinds, up 27% over the same period in 2021; in which, passenger cars increased by 39%, commercial vehicles increased by 7% and specialized vehicles increased by 32%.

Also by vehicle origin, by the end of March 2022, while sales of domestically assembled cars increased by 34%, imported cars only increased by 17% over the same period last year.

Thereby, in the first 3 months of 2022, the majority of consumers have chosen to buy domestically assembled cars to enjoy incentives from a 50% reduction in registration fees.

Car sales in Vietnam increased by 60% - Photo 1.

The 50% reduction in registration fees has shown an effect on the auto market

According to Thanh Cong Group, with the Hyundai car brand, in March, this unit sold 7,069 vehicles, bringing the accumulated sales of this brand in the first three months of the year to 18,670 vehicles of all kinds.

In addition, VinFast also sold 3,471 vehicles in March, bringing the total sales in the first three months of 2022 to 6,728 vehicles of all kinds, delivered to customers nationwide.

Thus, only through officially announced data from VAMA, Thanh Cong Group and VinFast, in March, the whole Vietnamese market consumed a total of 47,502 vehicles, increasing the total sales of the entire Vietnamese automobile market. In the first 3 months of 2022, it increased to 115,904 vehicles of all kinds.

Leading in sales of auto brands in Vietnam in March was Toyota Vietnam when it sold 7,977 vehicles. Following are the brands of Hyundai (7,069 cars), Kia (6,238 cars), Mitsubishi (3,675 cars), Honda (3,604 cars), VinFast (3,471 cars), Mazda (3,326 cars)…

Leading the best-selling car model in the whole Vietnamese car market in March, VinFast Fadil continued to be the best-selling car model when it sold 2,567 vehicles. Followed by Toyota Corolla Cross sold 2,373 cars, Toyota Vios 2,228 cars, Hyundai Accent 2,031 cars, Honda City 1,744 cars…

Experts said that, along with the development of the COVID-19 epidemic in Vietnam being well controlled and the policy of 50% reduction in registration fees valid until the end of May, the domestic auto market continues to increase. strong growth in the following month. It is expected that the Vietnamese auto market can reach the milestone of 500,000 vehicles this year.

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