Our May and November analyses are below. But powered in large part by Maruti Suzuki, it sold 2,448,000 vehicles in 2020, a fall of 11.6 per cent from the prior year. On average, the growth of the automobile market has been 20-30 percent annually, beating the projected numbers made by Vietnam's Ministry of Industry and Trade. Auto sales climbed to 47,865 units in December, the highest monthly number last year, according to latest data from Vietnam Automobile Manufacturers Association (VAMA). 05 Feb 2021. 29824. Search easily by country or keyword. This number is too small to calculate the proportion of total car sales over 300,000 vehicles. Compact crossover sales in Europe are down 7% in the first quarter of 2022, beating. Vietnam Automotive Market, Size, Share, Outlook and Growth Opportunities 2020-2026 Report Description Table of Content Related Reports Amid strong demand for automotive vehicles, several domestic and foreign OEM manufacturers are planning to expand their production bases in Vietnam. It will be up more than 40% from 2020. Considering the first four months of the year, the car sales rose 16.8 percent year-on-year to 294.616 units. Segment wise, passenger, commercial, and special-use vehicles decreased by 15 percent, 2 percent, and 12 percent respectively. The entire automotive aftermarket/auto care industry including medium and heavy-duty will be about $439 billion in 2022. David Leggett, Automotive Analyst at GlobalData, says: "The annual . Indeed, Full-Year sales for 2020 have been 384.934 (including HCVs), reporting a growth of 8% compared to 2019. ASEAN vehicle sales down 28% in 2020, says GlobalData. The Vietnam electric two-wheeler market is predicted to grow at 6.8% CAGR during the forecast period in terms of its revenue size. The data shows 36,856 units sold in December . The leader in the automotive market of Vietnam in 2020 are Toyota brand cars. This ongoing series explores the effects of the coronavirus pandemic on automotive demand. Fitch Solutions / Article / Country Risk / Vietnam / Tue 29 Mar, 2022. Only 143 units were sold. The figures below come from unconfirmed sources and can vary slightly from other data you may find elsewhere. Annual car sales in various major markets monitored by the VDA were as follows between 2013 and 2020: Passenger vehicle sales in the largest car markets in the world contracted by around 15% in 2020. Growth of car ownership in Vietnam stood at ~10.5% in FY'20, which was comparatively higher than its South East Asian counterparts. The Vietnam market is primarily driven by supportive government regulations and increasing awareness regarding the use of electric vehicles. That's a massive 47% decline. The battery plant, Vietnam's first EV battery project is located in central province of Ha Tinh, on a 8-hectare (20 acre) plot. In a more detailed breakdown, 42,867 cars were sold in January 2020. 13 April 2022. 2021 2021 Sales By Brand 2021 Top Level . THACO exports new batch of cars to Myanmar Thursday, August 27, 2020 20:04. Thaco Mazda (32,224) ^Note: Data from VAMA members only. BCG's latest global automotive powertrain forecast shows sales of electrified vehicles (xEVs) growing even faster than expected. This is the lowest sales in a quarter over the past five years. Car sales hit rock bottom in April. According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on March 10, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 67.8% year on year to 22,802 units in February. European sales 2022-Q1 - compact crossovers. Vietnam Automotive Sales Data & Trends Here you will find annual car sales figures for Vietnam. By 2035, it predicts annual sales . The Philippine auto industry suffers a major decline in 2020 with 40.26% drop, reports 248,171 units sold. In 2020, global Mercedes-Benz and Smart car sales were lower in most regions and countries worldwide but up in China. . But car sales bounced back sharply in May to 23,318 units. These figures climb to 39.149 and 240.078 respectively once adding Hyundai and VinFast who report sales separately and whose exclusive September figures we can share with you this month. Looking at the top performing auto brands across social and search in Q4 2019, we can get a clue on what the top performing brands of 2020 will look like. New vehicle sales in Vietnam edge down -9.7% year-on-year in July to 24.065 units, leading to a year-to-date tally down -27.7% to 131.248 according to VAMA. arrow-up-right. Combined worldwide car sales in the largest markets of 56 million vehicles were the lowest number in years. 5. The Philippine auto industry wasn't the only one to take a major hit in Southeast Asia due to COVID-19.In fact, according to data collected by the ASEAN Automotive Federation from January to October 2020, car sales in the region shrunk by a whopping 33.9% year-to-date. . This was the third consecutive month automobile manufacturers witnessed car sale decrease. Mobility in Vietnam. From September through October 2021, we surveyed more than 26,000 consumers in 25 countries to explore opinions regarding a variety of critical issues impacting the automotive sector, including the development of advanced technologies. A total of 1,885,443 cars were sold this year compared to 2,852,518 over the same period in 2019. Vietnam July 2020: VinFast holds onto 7th spot in market down -9.7% August 12, 2020 Matt Gasnier Local carmaker VinFast holds 6.5% share and ranks 7th in July. Important note: Both Ford, GM, and FCA have switched to quarterly reporting, making it more difficult to accurately gauge sales. Our 2022 Global Automotive Consumer Study provides important insights that can help companies prioritize and . Preliminary estimates suggest that its GDP growth will go down from 7.02% in 2019 to only 4.8% in 2020, which the lowest level in the last two decades. The light duty automotive aftermarket industry size is $341 billion in 2022. Increasing car ownership acts as catalyst for the aftermarket. Table 3: Motorcycles in Vietnam Year 2000 2005 20 0 20 5 2020 Population forecast (millions) 77 .6 83 . According to TechSci Research report, " Vietnam Tyre Market Forecast and Opportunities, 2020", tyre market in Vietnam is forecast to touch US$ 2.7 billion by 2020. According to data provided by the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Association of Vehicle Importers and Distributors (AVID), only 244,274 units were sold in the Philippines in 2020—a steep drop compared with the 457,110 units sold in the country the year prior. Toyota (70,692) 2. Malaysia's cars output improved by 14.2 percent to 244,063 units from 213,648 units while Vietnam ramped up production by 47.9 percent to 107,505 units. Vietnam's first-ever domestic car manufacturer VinFast is betting that with a growing middle class that is increasingly aware of the drawn-out consequences of air pollution, the nation's 96 million motorbike riders . As the pandemic disrupts business as usual and throws the economic outlook into uncertainty, the automotive industry is on the front line. New vehicle sales in Vietnam edges down -1.9% year-on-year in September to 27.252 units, leading to a year-to-date tally off -22.2% to 179.155 according to VAMA. The sales dipped in February to 41,143 units and fell to half as much in March when 22,518 cars were sold. Vietnam's automotive industry is growing rapidly and has been doing so continuously during recent years. Vietnam's domestic automaker VinFast, a subsidiary of conglomerate Vingroup, sold a total 29,485 cars in 2020, according to a sales report of the company. Indeed, Full-Year sales for 2021 have been 383,259, reporting a 0.4% decrease compared to 2020. World - Passenger car sales. By Graeme Roberts. Thaco Kia (39,180) 3. Vietnam Automotive Market, 2020-2026. Vietnam Automobile Manufacturers' Association (VAMA) would like to inform you all on the new VAMA office address from April 1st, 2021 as below: New address: Vietnam Automobile Manufacturers' Association (VAMA) 10th Floor, Dao Duy Anh Building, No. Free AutoCheck Report. According to the J.D. Vietnam's first home-grown automaker, VinFast, has its sights set on the American market. Over 2020-2025, the number of motorcycles and mopeds in Vietnam will grow by 19%. These cars will seize a third of the market by 2025 and 51% by 2030, surpassing sales of vehicles powered purely by internal combustion engines (ICEs). In Q1 2022 sales have been 820.727 (+6.7%) and electric market, the second largest worldwide up 28.3%. A poll by air quality firm IQAir listed Vietnam as the 15th most polluted country in the world in 2019, costing the local economy as much as US$13.6 billion, says Bloomberg. Automobiles Southeast Asia auto sales plunge 29% in 2020 on virus impact Pandemic-induced slump eases as market shows signs of normalizing Sales plunged 80% last April as authorities clamped down. Tel: +84 24 6290 7427 Fax: +84 24 3221 6179. In order survive and strengthen themselves, automotive companies can have a phase wise plan in line with demand recovery, covering: strategic response, managing liquidity, workforce, supply chain and IT readiness. However, domestically assembled cars that accounted . Online sales for used cars are growing in popularity in the United States. Vietnam's car sales accounted for 407,488 units sold, which is a far cry from the Philippines' 248,171 units. August 12, 2020. Hyundai and its sister company Kia managed to retail a total of 27,280 diesel cars from April to July 2020, which amounted to 45 per cent of all diesel vehicles sold in that period. . The Vietnamese government's Industrial Policy and Strategy Institute predicts 750,000 to 800,000 cars will be sold annually by 2025, up from 288,683 in 2018. Due to rapid urbanization and growth of passenger vehicle sales, Vietnam Automotive Aftermarket Service Industry is expected to grow at a CAGR of ~8.4% between 2020 and 2025: Ken Research . Honda Vietnam's motorbike sales down, auto sales up in August Thursday, September 10, 2020 18:31. Vietnam Automobile Manufacturers Association (VAMA) reported that its member companies sold 16,035 cars in July, a sharp decrease of 32 percent over June 2021. Vietnam Ride-Hailing Market - Growth, Trends, and Forecasts (2020 - 2025) Car sales in Thailand grew 9.1 percent from a year earlier to 63,427 units in April of 2022, the same pace as in the previous month, the fourth straight month of increase, amid easing Covid-19 restrictions. $42,990. Vietnam sales plunge 14% in November Sales rose after lockdown restrictions came off in October. Caused by regulations and Covid-19, global EV sales of 2019 and 2020 were below the long-term trajectory and in 2021 they returned back to trend. Tags. In full-year 2020, Mercedes-Benz delivered 2,164,187 cars worldwide (-7.5%) but claimed to have maintained its leading global position compared with its core competitors. Top concerns of businesses during COVID-19 1. 9 Dao Duy Anh Str., Dong Da Dist., Hanoi. May 29th 2020 at 9:15AM. The remarkable growth rate of 108 % y/y needs to be seen relative to the low base volume of 2020. Vietnam's oil refinery troubles hit national fuel supply February 28th 2022 | Vietnam . The North American online auto parts industry market size will be about US$26.1 billion in 2022. From the economic depths experienced in spring 2020, it has rebounded to deliver year-over-year growth in new-vehicle sales over the last few months across China, Europe, and the US. As in 2020, EVs again were resilient to set-backs in auto demand and supply. Passenger car sales fell 35 percent to 38,349, according to the Vietnam Automobile Manufacturers Association (VAMA). Read More. Up to 85 manufacturing industries are covered per country, six service sectors and other relevant series (car sales, steel production, gross value added). . BEIJING/GUANGZHOU -- The Chinese automobile market shrank by only 1 . 2020 INFINITI Q50 3.0t Red Sport 400. Thaco Group held a 37.2 percent share of the market that year, followed by Toyota with a 24.4 percent. As a result, Vietnam managed to overtake the Philippines in terms of vehicle sales in 2020. Vietnamese electric-vehicle startup VinFast plans to open a U.S. factory after setting up a 50-member San Francisco research office as it prepares for California automobile sales in 2022. Vietnam Domestic Motor Vehicles Sales - April 2022 Data - 2006-2021 Historical Vietnam Domestic Motor Vehicles Sales Car Registrations in Vietnam increased to 35021 in March from 21100 in February of 2022. source: Vietnam Automobile Manufacturers Association 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Compare Car Registrations by Country Vs and small cars, but multi purpose cars will feature the fastest . In June 2019, the Vietnamese conglomerate Vingroup officially . In 2022, the Federation of Thai Industries (FTI) forecast domestic sales of . New car sales in Vietnam in 2021 ️All the news of the car world Daily car news, articles and publications - AvtoTachki Bmw-R-18-Classic-2022. While these countries present great opportunities for local sales . Measuring the standout auto brands of 2020. The RCEP encompasses nearly half of the world's automotive industry, but its impact will be felt only slowly. Sales of imported cars grew by nine percent to 77,790. Vietnam's domestic automaker VinFast, a subsidiary of conglomerate Vingroup, sold a total 29,485 cars in 2020, according to a sales report of the company. Myanmar was the lone country in the negative category, dropping . These figures climb to 33.885 and 173.413 respectively once adding Hyundai and VinFast who . Over the last few months, the auto industry has shown tremendous resilience. The aim is to reflect, in a modern logo, the future auto-mobility, based on the new technologies of connectivity. Subaru, which experienced many consecutive years of sales growth prior to the pandemic, is in danger of selling fewer units in 2021 than it did in 2020. We won't have results to report for Buick, Cadillac, Chevrolet, GMC, Ford, Lincoln, Jeep, Chrysler, Fiat, Alfa Romeo, Dodge, and Ram until the end of each quarter. With the growing middle class, car sales are set to respectively rise by 22.6 percent each year from now to 2025 and 18.5 percent in the following years. 6 Comments. In Q1 2022 sales rose 25.3% with 111,415 units sold. 2020 283,983 215,908 1. Strategic response Managing liquidity Workforce engagement and productivity Supply Chain Risk and Resilience IT Readiness and Security 2021 Statistics; 2020 . Table 4: Auto sales by unit and market share in 2006 and 2005 by VAMA members Year 2006 Year 2005 Change Brand Unit % Unit % Unit % A thick arrow pointing up and to the right. Photo by VnExpress/Ngoc Thanh. The description is composed by our digital data assistant. Growth recovery will be underpinned by base effects and a continued easing of Covid-19 restrictions. An arrow pointing up . By Graeme Roberts ASEAN sales decline in Q3 Delta variant reverses H1 rebound. Power 2020 Customer Service Index (CSI) Study,SM released today, overall satisfaction increases to 837 (on a 1,000-point scale . Segments with engine displacement below 125cc accounted for a combined 79.2% share in Indonesia, Thailand, and Vietnam, followed by the 126-250cc and above segments with a share of 19.4% (2019). Its volume was down more than 34% in November. Auto sales hit a five-year low, falling 33 percent year-on-year in the first quarter to 52,557 units, as the Covid-29 pandemic triggered a slump in demand. Vietnam Motorcycles Market is moderately recovers after tumbling down during the last three years decline at the lowest level out of the last 15 years. The passenger car market is dominated by SU . Automotive Manufacturing Vietnam 2022 is held in Hanoi, Vietnam, from 8/10/2022 to 8/10/2022 in I.C.E. In Q3 sales started dropping quickly, losing 43.9% with 54,372 units, and in Q4 sales kept falling 7.5% with 143,564 units. By bcusack. World car sales was at level of 53.6 million units in 2020, down from 63.7 million units previous year, this is a change of 15.90%. Last year, 272,750 vehicles were sold in Vietnam, down 10 percent compared to 2016. Maruti Suzuki continues to enjoy over 50 per cent market share in the world's second most populous nation, and accounted for 50.5 per cent of Suzuki's global sales. Hanoi. Vietnam monthly sales variation 2020 Brand-wise, this year the new leader Hyundai (+1238.8%) went from 1.9% market share to 20.1%, followed by the previous leader Toyota (-10.4%), which lost 7.1% share. Vietnam VinFast records sales of 29,485 cars in 2020, December's sales alone reach 4,503 cars [ Vietnam ] Announced on January 12, 2021, VinFast sold a total of 4,503 cars in December 2020, including 2,472 ... <Jan 14, 2021> Daily updates of global automotive news for your business! 19,009 mi. Tables with sales figures Philippine auto sales was relatively flat for 2019 ending 3.69% higher than previous year AutoIndustriya.com February 3, 2020 - 12:31 PM The Philippine auto industry ended with flat growth in 2019 . Sales report April 2022 Time; Sales report April 2022: 12/05/2022: VAMA sales report April 2022 - BMW-MINI.pdf: 12/05/2022: VAMA sales report April 2022 . Some of the most affected regions are major production hubs . Dublin, Jan. 13, 2021 (GLOBE NEWSWIRE) -- The "Technology Advancements and Industry Collaborations Powering the ASEAN Electric Two-Wheeler Market, 2025" report has been added to ResearchAndMarkets . 99 .4 Motorcycle demand forecast (millions) 6 .4 5 .2 24 .2 28 .8 3 .8 . Automotive industry in Vietnam is a fast growing sector, . As of April 2018, 85% of car sales in Vietnam were produced domestically from CKD kits. 2. 2017. Key View: We expect Vietnam's real GDP growth to accelerate to 6.8% in 2022, up from 2.6% in 2021 and 2.9% in 2020; the economy expanded by 5.0% y-o-y in Q122. VIETNAM AUTOMOBILE MANUFACTURERS' ASSOCIATION (VAMA) Home; INTRODUCTION; ORGANIZATION; MEMBERS; SALES REPORT; NEWS & EVENTS; Danh mục. Tesla blew the other brands out of the water in terms of their visibility across search and social and the growth of their following. Different products including e-scooters and e-bikes are majorly . If the mature Malaysian market shows 82% of households owning a car in 2014, this share is 51% in the developing market Thailand, while some ASEAN markets seem to be almost untapped: Philippines (8%), Indonesia (4%) and Vietnam (2%), which are all three very populated countries. INTERNATIONAL COOPERATION; Contact; SALES REPORT. Meanwhile, local demand is forecast at . Automobile industry. It represented a 32 percent rise from November and 45 percent increase from the same period in 2019. The top-selling Southeast Asian country is Thailand with total unit sales of more than 791,000. The logo contains graphically the OICA acronym and contains several auto-related symbols, reflecting a start/stop button, a (steering) wheel and connectivity. CKD volume was 14,528 units and CBU volume was 8,274 units. Vietnam's new vehicle market rebounded strongly in January 2021, with sales surging by over 60% to 24,216 units from 15,123 units in the same month of last year, according to wholesale . Thanks to customer confidence in the brand, Toyota vehicles were sold in the amount of 70 units. In October, the Ha Tinh local authorities said plant was expected to . Based on sales volume in 2021, Thaco Group was the leading automobile manufacturer in Vietnam. These statistics are Total Market Volumes, which include passenger cars as well as light commercial vehicles (LCVs). In addition to this brand, the TOP-692 includes Kia (5 cars), Mazda (52 cars), Mitsubishi (581 cars) and Ford (32 cars). 53,598,846 (units) in 2020. The sales of new vehicles in Southeast Asia's six largest markets* combined are estimated to have declined by 28.5% to 2,468,613 units in 2020, according to GlobalData, a leading data and analytics company. Online share of used car sales in the U.S. 2017-2025. With the recent COVID-19 pandemic, Vietnam is expecting a significant decline in its GDP growth. GLC was the top-selling model. Toyota and . arrow-up-right-thick. The Philippines was able to improve production by 48.4 percent to 50,046 units from 33,715 units in the same period last year. According to a report on the auto market called AutoCare Factbook 2022, the number of motorbikes in Vietnam is larger than passenger cars by an amazing ratio of 30:1 in 2020. Local carmaker VinFast holds 6.5% share and ranks 7th in July. December 11th 2020 | Multiple countries | Passenger vehicles RCEP: the impact on automotive. October auto sales top to pre . October auto sales top to pre . Our previous forecast, completed in 2017, showed xEV sales . China's auto market survives 2020 with just 2% dent. Dec 25, 2020 | USD 850 . TROY, Mich.: 12 March 2020 — As the coronavirus crisis continues to interrupt global supply chains, auto dealers are bracing for parts shortages that could undermine hard-fought gains made in customer satisfaction over the past few years. In the first seven months of the year, they sold 166,516 cars of different kinds, including . 88 .7 94 . Good Deal. Vietnam is largely dominated by two-wheelers with motorcycles and mopeds accounting for 94% of all vehicles used as of 2020. The coronavirus (COVID-19) outbreak is causing widespread concern and economic hardship for consumers, businesses and communities across the globe. Matt Gasnier. May 28, 2020. Looking at the sales figures, we can see that diesel vehicles are still responsible for generating significant sales for manufacturers that offer them. In 2017, cars purchased online amounted to five percent of the . Vietnam Manufacturing Expo, Vietnam''s Largest and Most Comprehensive Show for Industrial Parts Manufacturing, will link 8,000 industrialists in the indust. Japanese automakers among biggest winners, with Honda logging record sales. Vietnam automotive. Growing automobile sales, rising vehicle fleet, favorable government policies and increasing foreign investments in the automotive sector to drive tyre sales in Vietnam. While the y/y growth . Vietnam Auto Market. It plans to introduce an electric crossover before the end of 2020 . . Sales Statistics; Production Statistics. New vehicle sales in Vietnam edge down -9.7% year-on-year in July to 24.065 units, leading to a year-to-date tally down -27.7% to 131.248 according to VAMA. In 2021 the total sales volume of vehicles in Vietnam amounted to approximately 277.2 thousand units, reflecting a slight decrease from the previous year, likely due to the COVID-19 outbreak..