Keyword: "car sales"

Honda Vietnam's motorcycle sales reached 198,911 units, marking a 12.6% decline from January 2024, while it sold 1,826 cars, a 9.7% decrease year-on-year.

Electric and hybrid vehicles are projected to continue experiencing strong growth in 2025 and the following years, with an expected growth rate of 25-30% in 2025, and gradually accounting for a larger share of the total car sales in Vietnam.

Experts attributed a sharp decline in car sales to the Lunar New Year (Tet) holidays, impacting consumers' purchasing power. Consumers tend to wait for new models and releases at this time of year, contributing to lower sales during this period.

Vietnamese car maker VinFast announced that it delivered over 20,000 vehicles in December 2024, a sales record in the domestic market, raising its total last year to more than 87,000.

Thai auto manufacturers produced 117,251 vehicles in November, down 28.23% from a year earlier, with domestic sales down 40% to 37,229 units and exports down 20.6% to 80,022 units.

Car sales in August by members of the Vietnam Automobile Manufacturers’ Association (VAMA) fell by 13% from the previous month to 25,196 units, VAMA announced on September 13.

Pent-up demand is due to push up car sales in the final months of the year, according to experts.

There are many opportunities as well as challenges for the automobile industry when Vietnam is implementing international commitments under free trade agreements (FTAs), heard a seminar organised by Hai Quan (Customs) magazine in Hanoi on May 24.

Malaysia has so far recorded more than 100,000 registered electric vehicles (EV) and is expected to witness potential growth in EV sales through end-2023, according to Minister of Investment, Trade and Industry Tengku Zafrul Abdul Aziz.

The domestic auto market in Vietnam is experiencing a decline in car sales due to sluggish customer demand compared to previous years, despite price reductions and promotions offered by car manufacturers during the peak shopping season, according to local car experts.

After sales grew 13% in September, the car market in Vietnam was stagnant in October even when producers offered discounts and promotions to stimulate demand.

Honda Vietnam has revealed that its retail sales of motorcycles and automobiles in October dropped by 7.5% and 15.9% respectively compared to previous month due to market difficulties.

The Federation of Thai Industry (FTI) has reduced its car production target for 2023 to 1.9 million units from 1.95 million units set at the beginning of the year, due to a drop in domestic vehicle sales and an increase in electric vehicle (EV) imports from China.

Vietnam spent nearly 270 million USD on importing 10,000 completely-built automobiles (CBUs) in May, a decrease of 6.3% from a year earlier.

Ford Vietnam broke its monthly and quarterly sales records in the fourth quarter of 2022, with 13,329 cars sold, holding a market share of over 10%.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 404,635 vehicles of all kinds last year, an annual rise of 33%.

Indonesia may allocate 5 trillion rupiah (320.41 million USD) from this year’s budget to encourage people to buy electric vehicles (EV), a senior minister has said.

Car production in Thailand rose 15% in November from a year earlier to 190,155 units, thanks to improvement in the supply of chips, the Federation of Thai Industries (FTI) said on December 20.

Sales of Hyundai cars in June fell 34% from the previous month to 4,278, Thanh Cong (TC) Group said on July 12, blaming the decline on component shortages.

As many as 30,742 cars were sold in Vietnam in January, a decline of 34 percent compared to the previous month, according to a monthly report issued by the Vietnam Automobile Manufacturers Association (VAMA) on February 15.