November auto sales achieve year record

By Dat Nguyen   December 16, 2020 | 04:05 pm GMT+7
November auto sales achieve year record
Cars and motorbikes stranded during rush hour in Hanoi. Photo by Shutterstock/Vietnam Stock Images.
Auto sales in November hit 36,359 units, the highest monthly number this year as Vietnam continues to contain Covid-19.

The figure exceeded that of last year by 22 percent, making November the third month to record year-on-year growth in 2020 after February and October as Covid-19 caused sales to slump in other months, according to data from Vietnam Automobile Manufacturers Association (VAMA).

Passenger cars accounted for 79 percent of sales, commercial vehicles nearly 20 percent, and special-purpose vehicles for the rest, data shows.

However, auto sales in the first 11 months still fell nearly 14 percent year-on-year due to deep plunges recorded in April and August after two major Covid-19 outbreaks.

Local brand Truong Hai Auto (Thaco) retained the top spot in the first 11 months with a 35.5 percent share of the market as sales rose two percent to 84,858 units.

It was followed by Toyota with 59,394 units, down 16 percent and Mitsubishi with 24,387 units, down nine percent.

Ford and Honda rounded off the top five.

Last year, auto sales had risen 11.7 percent from 2018 to 322,322 units, according to VAMA.

 
 
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