Component shortages lead to lower Hyundai car sales: TC Group

Sales of Hyundai cars in June fell 34% from the previous month to 4,278, Thanh Cong (TC) Group said Tuesday, blaming the decline on component shortages.

Hyundai Accent recorded the best sales among Hyundai cars at 1,086, but the figure was still down 40.5%. It was followed by Hyundai Creta (830, down 14.8%) and Hyundai Tucson (479, down 26.2%), according to the assembler of Hyundai vehicles in Vietnam.

TC Group noted all Hyundai models in the country have suffered from component shortages, adding the main reason is the semiconductor crisis and chip shortages around the world have yet to be addressed.

The corporation also pointed to the impacts of the Covid-19 pandemic and political uncertainties in some regions. That’s why the Hyundai Thanh Cong factory in Ninh Binh province has met just a small part of buyers’ demand, it said.

In the first half of 2022, 36,397 Hyundai automobiles were sold, up 6.5% year on year.

VinFast, the auto unit of Vietnam’s largest conglomerate Vingroup, also said Tuesday the number of its Lux A2.0 and Lux SA2.0 cars delivered to customers in June was less than expected due to disrupted parts supply.

It sold 2,490 cars in Vietnam in June, less than the 3,050 units reported in May as the company prepares to cease production of fossil-fueled vehicles.

VinFast handed over to customers 1,338 Fadil cars, 359 Lux A2.0 sedans, and 11 Lux SA2.0 SUVs, together with 782 VF e34 electric models in June. The EV number is the monthly highest for the first half this year.