How is the Vietnamese auto market in the second month of the year

DNHN - Compared to January 2023, a month with a shorter sales period due to the Lunar New Year, passenger car sales fluctuated by 21% in February 2023.

After-sales decreased by 51% in the first month of 2023, the Vietnamese auto market regained growth momentum in February with a 33% increase in sales over the previous month.

Specifically, on March 17 in the afternoon, the Vietnam Automobile Manufacturers Association (VAMA) announced that the total market sales of its member units in February 2023 reached 23,040 vehicles of all types, a 33% increase over the previous month. With 28 days in February and 23,040 vehicles sold, it is estimated that the Vietnamese purchase 822 vehicles per day.

In this year, sales of passenger cars reached 16,970, sales of commercial vehicles reached 5,760, and sales of specialized vehicles reached 300.

Compared to January 2023, a month with a shorter sales period due to the Lunar New Year, VAMA reports a 21% increase in passenger car sales, an 81% increase in commercial vehicle sales, and a 188% increase in sales of specialized vehicles.

Regarding vehicle origin, while sales of domestically assembled vehicles increased by 54% to 12,432 units, the number of imported CBU vehicles increased by 15% to 10,608 units.

In the first two months of the year, VAMA member units sold a total of 40,354 vehicles of all types, a decrease of 25% compared to the same time frame in the previous year. In 2022, passenger cars decreased by 28%, commercial vehicles by 10%, and specialty vehicles by 47% compared to the previous year. In addition, sales of domestically assembled vehicles decreased by 38%, while sales of imported vehicles decreased by 3% compared to the same period of the previous year.

According to VAMA, the MPV segment (family-oriented multipurpose vehicles capable of switching between transporting people and carrying cargo) is once again experiencing sales growth.

In February of 2023, sales increased for all MPV models. This is because manufacturers and dealers actively offer attractive incentives for vehicles in this segment.

According to industry experts, in addition to the car sales of VAMA member units, the Vietnamese auto market is populated by numerous other automakers, such as Audi, Jaguar Land Rover, Mercedes-Benz, Nissan, Subaru., Volkswagen, and Volvo. However, these automakers do not disclose their financial results.

According to data published by Thanh Cong Group (TC GROUP), the total number of Hyundai automobiles sold in February was 4,753 units.

After the Lunar New Year holiday, when the market had stabilized, a TC GROUP representative reported that February 2023 saw an encouraging sales increase. This is the basis for anticipating higher sales growth in the coming months.

According to a report from Vietnamese automaker VinFast, the company delivered 266 VF 8 vehicles and 150 VF e34 vehicles to domestic customers in February 2023. In the first two months of 2023, VinFast has delivered a total of 774 VF 8 and VF e34 electric vehicles to customers.

Top 10 best-selling cars in February 2023

1- Hyundai Accent: 1,564 vehicles, an increase of 52.7% compared to January 2023

2- Mitsubishi Xpander: 1,443 vehicles, an increase of 102.3% compared to January 2023

3- Ford Ranger: 1,218 vehicles, an increase of 27.1% compared to January 2023

4- Toyota Corolla Cross: 1,085 vehicles, up 25.1% compared to January 2023

5- Hyundai Creta: 1,027 vehicles, up 75.5% compared to January 2023

6- Mazda CX-5: 1,017 vehicles, up 144.4 percent compared to January 2023

7- Hyundai Grand I10: 949 vehicles, an increase of 50.1% compared to January 2023

8- Toyota Veloz: 911 cars, up 60.3% compared to January 2023

9- Honda City: 878 vehicles, an increase of 15.6% compared to January 2023

10- Toyota Vios: 870 cars, up 216.3% compared to January 2023

Minh Tu (t/h)