Auto sales make recovery in Q1

By Dat Nguyen April 13, 2021 | 06:59 pm PT

An SUV pictured at a dealership in Hanoi. Photo by VnExpress/Ngoc Bac.

Auto sales rose by 36 percent year-on-year in the first quarter to 70,952 units, with all categories of vehicles achieving doubled-digit growth.

Passenger vehicles and commercial vehicles were up 34 percent and 43 percent, according to the Vietnam Automobile Manufacturers Association (VAMA).

Truong Hai Auto Corporation, or Thaco, which assembles several brands of cars and trucks, led the market with a 37 percent share, followed by Toyota (20.2 percent) and Mitsubishi (10.7 percent).

Honda and Ford rounded off the top five.

Hyundai Accent was the best-selling car in the first quarter with 4,804 units, followed by Mitsubishi Xpander (4,602) and VinFast Fadil (4,148).

Last year sales had fallen by 8 percent to 296,634 units as the Covid-19 pandemic badly affected the economy, hitting people’s incomes and discretionary spending.