Vietnam sales surge in May


New car or truck profits in Vietnam surged by 78% to a new monthly superior of 39,469 models in Could 2022 from 22,151 models a 12 months earlier, in accordance to wholesale info launched by the Vietnam Automotive Producers Affiliation (VAMA).

The auto market place continued to reward from pent up desire pursuing the new covid lockdowns and the worldwide shortage of semiconductors. The economy expanded by just more than 5% calendar year on year in the initial quarter, driven by robust development in industrial generation and exports.

Vehicle income in the initial five months of 2022 enhanced by 42% by 163,400 units from 115,044 in the very same period of past year, with revenue of gentle passenger cars surging by 57% to 133,069 units though industrial car or truck sales were being just a little bit higher at 30,331 models.

Truong Hai (Thaco) group, the neighborhood assembler and distributor of manufacturers this kind of as Kia, Mazda, Peugeot, BMW-Mini and a considerable player in the business vehicle section, claimed a 51% increase in team sales to 66,414 units yr to day. This involved a 75% surge in Kia income to 31,968 models, a 53% rise in Mazda gross sales to 17,524 units and a 104% soar in Peugeot income to 5,896 models, whilst Thaco truck product sales ended up down by 3% at 10,090 models.

Toyota 5 thirty day period income enhanced by 48% to 37,906 units while Honda’s product sales were being up by 82% at 18,489 units Mitsubishi Motors 15,833 models (+21%) Suzuki 7,925 units (48%) and Ford 7,663 models (-24%).

VAMA info did not include all manufacturers, such as Mercedes-Benz and domestic start-up VinFast, which noted a 4% revenue drop to 9,155 models in the first 4 months of the calendar year immediately after a 21% rise to 37,723 units in the entire of 2021. The company started deliveries of its very first electric powered auto (EV) design, the VF e34, at the conclusion of December and is in the method of rolling out an EV recharging community in the country.


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Jaime E. Love

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