Hyundai leads in automobile sales in Vietnam last year - Illustrative image (Photo: topgear.com)
Hanoi (VNA) - Sales by members of the Vietnam AutomobileManufacturers’ Association (VAMA) fell 8 percent last year, to 296,634 units.
In December alone, 47,865 units were sold, up 31.6 percent month-on-month.Of these, 36,856 were passenger cars, up 28 percent; 10,673 were commercial vehicles,up 50 percent; and 336 were special-use vehicles, down 30 percent.
Sales of domestically-assembledvehicles stood at 29,382, up 25 percent, while 18,483 were imported cars, a month-on-monthincrease of 44 percent.
Analysts said the figures do not reflect overall consumption in the domestic automobilemarket as they exclude sales by manufacturers that are VAMA members, such asAudi, Jaguar, Land Rover, Mercedes-Benz, Subaru, Volkswagen, and Volvo.
The combined sales of TC Motor and VinFast, which are not VAMA members, reached 110,853units during the year. Combining the figures of VAMA, TC Motor and VinFast, 407,487 units were sold on the domestic market last year.
With 81,368 units sold, Hyundai from the Republic of Korea was the best-sellingbrand in Vietnam in 2020, followed by Toyota with 70,692, Kia 39,180, Mazda 32,224,VinFast 29,485, Mitsubishi 28,954, Ford 24,663, and Honda 24,418.
Analyst Nguyen Tuan from the Thien Phuc An company said many carmakersmay extend their policy of cutting registration fees by 50 percent to maintain sales./.
