Vietnam Jan-April auto sales down 11% to 82,515 units

Affiliates of the Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 82,515 units in the first four months of 2024, down 11% year-on-year.

The total comprised 59,116 passenger cars, down 14% year-on-year; 22,730 commercial vehicles, down 3%; and 669 special-purpose vehicles, down 28%.

The number of completely knocked down (CKD) vehicles sold was 42,902, down 17% year-on-year; and that of completely-built-up (CBU) units was 39,613, a 3% decline.

April sales of 34,350 vehicles – 17,258 passenger cars, 6,815 commercial vehicles, and 277 special-purpose vehicles – marked a 9% increase from the same month last year, but down 11% from the previous month. The numbers of CKD and CBU units sold in the month were 11,983 and 12,367, respectively.

Outside VAMA, Hyundai sold 14,420 units in January-April, according to a report by TC Group, the manufacturer and official retailer of the South Korean brand’s vehicles in Vietnam. Its April sales figure was 4,276 units.

As a result, Hyundai was the best-selling brand in Vietnam in the four-month period, followed by Toyota (11,804), Ford (11,074), KIA (8,818), Mitsubishi (8,558), Honda (7,921), and Mazda (7,827).

Vietnamese conglomerate Thaco, which manufactures and sells KIA, Mazda, Peugeot and BMW vehicles apart from its own Thaco trucks and buses, recorded total sales of 23,057 units in the period.

Mitsubishi Xpander, a multi-purpose vehicle (MPV), was the best-selling model in April with 1,263 units; followed by Ford Ranger, a pickup truck (1,262 units); and Toyota Vios, a sedan (923).

In January-April sales, Ford Ranger topped the chart with 4,824 vehicles; followed by Mitsubishi Xpander with 4,771; Mazda CX-5 with 3,119; and Hyundai Accent with 3,096.