Auto market grows slightly last year

The Automobile Manufacturers Association reported Vietnam’s automobile market recorded slight growth in 2021. Its members sold more than 304,000 units last year, up 3 percent from the previous year.

Hyundai remained the best-selling brand last year, with more than 70,500 units. It was followed by Toyota, Kia, VinFast and Mazda.

 After seven years of dominating the market, Toyota Vios lost its top position as the best-selling model to VinFast Fadil, with over 24,000 units sold.

The following places belonged to Hyundai Accent, Toyota Vios, Toyota Corolla Cross, and KIA Seltos.

Insiders said the sales of passenger and domestically assembled vehicles in December grew 33 percent and 23 percent month on month, which was driven by the halving of registration fees for domestically assembled cars since the month.

Facing that pressure, CBU importers also cut down corresponding fees to boost sales./.