The first 4 months of 2023: Car sales volume in the whole market decreased sharply

DNHN - According to a report by the Vietnam Automobile Manufacturers Association (VAMA), the total market sales volume in April 2023 was 22,409 vehicles, a decrease of 25% from March 2023 and a decrease of 47% from April 2022.

In April 2023, the entire automobile market sold 22,409 vehicles, a decrease of 25% compared to March 2023 and a decrease of 47% compared to April 2022. Passenger car sales reached 15,748 units, a decrease of 27% compared to the previous month; commercial vehicle sales reached 6,487 units, a decrease of 19%; and specialized vehicle sales reached 174 units, a decrease of 51%. Both domestically assembled and imported cars experienced a decline in sales, with domestically assembled cars reaching 13,325 units, a decrease of 18% from the previous month, and imported CBU cars reaching 9,084 units, a decrease of 34% from the prior month.

After increasing continuously during the first three months of 2023, car sales on the market as a whole have decreased. Notably, sales decreased uniformly across all vehicle categories, including both domestically assembled and entirely imported vehicles. According to VAMA, the total market sales of automobiles from the beginning of the year to the end of April 2023 were down 30% compared to the same period in 2022, with passenger cars down 35%, commercial vehicles down 9%, and special purpose vehicles down 58%. Year-over-year, sales of locally assembled vehicles fell by 39%, while sales of imported vehicles fell by 16%.

Truong Hai maintained the highest sales among VAMA members in April 2023, followed by Toyota, Ford, Honda, and Mitsubishi. In particular, Truong Hai reached 6,828 units, representing 33% of the market share, a decrease of 54% from the same period in 2022 and a decrease of 21% from March 2023. Toyota reached 4,247 units, representing a 20.5% market share, a decrease of 51% and 25% from the same period in 2022 and last month, respectively. Ford ranked third with 3,298 units, representing 16% of the market, a 71% increase over the same period in 2022 and a 10% decrease from the previous month. Honda achieved 1,944 units, accounting for 9.4% of the market share, which is down 68% from 2022 and up 31% from the previous month. Mitsubishi ranked fifth with 1,700 units, accounting for 8.2% of the market share, a decrease of 53% and 54% from the same period last year and last month, respectively.

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