Vietnamese’s demand for cars showed no signs of cooling down as sales numbers broke the record again in 2015.
According to a recently released report of Vietnam Automobile Manufacturers’ Association, the total industry sales were 244,914 units, compared to last year’s 157,810. The growth rate is also the highest ever – 55 per cent, continuing on the trend of accelerating growth of the previous years.
Special-purpose vehicles saw the highest growth in sales, a whopping 105 per cent. Sales of passenger cars went up by 43 per cent, commercial vehicles by 74 per cent.
Sales of completely knocked down (CKD) vehicles went up by 48 per cent while completely built units (CBU) sold 74 per cent better on-year.
Among the members of VAMA, Thaco ranked first in terms of market share, with 28.5 per cent, selling 59,518 units. Toyota ranked second, with a 24.1 per cent market share, selling 50,285 units. The two manufacturers retained their rankings of last year, but both saw a decrease in their market shares from last year’s respective 32 per cent and 30.6 per cent.