Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Car sales in Vietnam up 12% y/y in 2019
Hai Yen 17:54, 2020/01/11
The year of 2019 was a difficult period for Vietnam’s auto market, but also marked positive performances of most local car producers.

Vietnam’s car market grew at a moderate pace in 2019, with 322,322 units sold, up 12% against last year, according to a report by the Vietnam Automobile Manufacturers Association (VAMA).

Taking into account the number of car sales from non-VAMA members, a total of 399,890 units were sold in 2019, the record figure number of Vietnam’s car market to date.

 Number of car sales in 2019. Source: VAMA. 

Upon breaking down, 237,221 were passenger cars, up 20% year-on-year; while 79,911 were commercial vehicles, down 5.6%; and 5,190 special-purpose vehicles, down 27%. 

Sales of domestically assembled cars reached 189,450 units in 2019, down 12% year-on-year, while 132,872 imported completely-built-units (CBUs) were sold in the period, jumping 82%. 

In December, car sales reached 33,159 units up 11% month-on-month and down 3% against December 2018, including 24,823 passenger cars, up 11% month-on-month; 7,959 commercial cars, up 10.5%; and 377 special-purpose vehicles, up 14%.

 Sales of imported cars up 82% year-on-year. Source: VAMA. 

The sales volume of locally assembled cars in December was reported at 19,700 units, up 19% month-on-month, and 13,459 imported cars were sold, up 1.6%. 

VAMA suggested 2019 was a difficult year for Vietnam’s auto market, but also marked positive performances of most local car producers.

In 2019, Ford Vietnam reported sales volume of 32,175, up 31% year-on-year, in which the number in December was 3,095, up 17% month-on-month.

TC Motor recorded an impressive figure with 79,568 units sold, up 28% year-on-year. Another major player in the market, Toyota Vietnam, also kept up with others with a sales volume of 79,326 unit.

TAG: car sales Vietnam Toyota car market automobile Thanh Cong VAMA Hyundai
Other news
11:18, 2023/09/21
Vietnam needs policies to promote industrialization: Japanese professor
Japan's contributions have helped Vietnam maintain a stable growth trajectory, driven by the far-reaching effects of FDI.
16:48, 2023/09/20
Vietnam-US semiconductor cooperation significant to bilateral relations
In the long term, US businesses and corporations may explore the feasibility of setting up semiconductor chip manufacturing facilities in Vietnam.
21:52, 2023/09/18
Hanoi seeks to co-operate with Lai Chau on tourism
Hanoi will strengthen the development of cooperative tourism programs with provinces and cities in the South, Central Highlands and Central regions by the end of 2023 to bring visitors to the city.
22:30, 2023/09/14
Hanoi promotes efficiency in industrial slaughterhouse operations
Consumers' preference for hot meat over cool-slaughtered pork is a prevailing habit, with an estimated 5% recognizing the food safety benefits associated with cool-slaughtered pork within the industrial chain.
13:12, 2023/09/13
[Vietnam – a hub of nurturing talents] Talents - driving force for leveraging Vietnam’s startups
Leveraging the available talent, nurturing locals, and embracing innovative strategies drive Vietnamese startups to exceptional performance.
16:39, 2023/09/11
Technology, innovation, investment - new pillars for Vietnam-US partnership
The US stands ready to collaborate with Vietnam in chip technology, semiconductors, innovation, green transition, and human resources development, with the latter's strong commitment to deeper engagement in global value chains.