September auto sales up, changing domestic market share

Wednesday, Oct 10, 2018 17:46

A corner of a Mazda showroom in the southern province of Binh Duong. — Photo

Sales of cars in September reached 25,351 units in the Vietnamese market, increasing by 19 per cent compared with the same period last year, according to Vietnam Automobile Manufacturers’ Association (VAMA).

The latest VAMA report showed that both segments of locally-assembled cars and imported vehicles saw impressive growth of volumes at 17,325 units and 8,026 units, up 16 per cent respectively.

In terms of market share, September saw a sharp increase in imported cars to Viet Nam so the domestic automakers’ market share was impacted.

Domestic assembler Truong Hai Auto Group (Thaco) fell from 32.2 per cent to 29.3 per cent, though sales increased from 6,200 units in August to 18,018 units in September.

Meanwhile, Toyota’s market share increased from 24.6 per cent to 26.1 per cent, followed by sales growth from 4,729 vehicles to 6,259 vehicles in September, shortening the sales gap with Thaco, the leading manufacturer in Viet Nam.

Other importers also saw impressive sales growth and market share in September, including Ford with 2,327 vehicles sold, occupying 9.7 per cent market share, GM Vietnam with sales of 1,333 units and market share of 5.6 per cent, and Mitsubishi sales of 1,008 vehicles, marking 4.2 per cent of market share.

In the list of top ten best-selling models for the month, Toyota Vios was leading with sold volume of 2,238 units, following by Hyundai grandi10, Hyundai Accent, Toyota Innova and Kia Cerato with 1,572 units, 1,305, 1,259 and 1,189, respectively. — VNS

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