According to the sales report of the Vietnam Automobile Manufacturers Association (VAMA), in March 2020, the total sales of its members reached 19,154 vehicles, an increase of 8% compared to February 2020 but down to 41. % compared to the same period in 2019. The reason is that Vietnam’s automobile market has overcame February but by March 2020, our country began to encounter the effects of the pandemic. Covid-19 leading to the business situation of the car companies, although flourishing but not much.
Among VAMA members, Truong Hai Auto JSC (Thaco) leads the market with brands such as Kia, Mazda, Peugeot, Thaco Load and Thaco Bus. Thaco’s total sales in March reached 5,409 vehicles, down 5% from the previous month and down 33% over the same period last year. However, if only sales of passenger cars (Kia, Mazda, Peugeot), Toyota Vietnam with sales of 5,143 new vehicles are the leading car manufacturers in the market.
Besides, according to VAMA’s report, in March, Honda Vietnam sold 1,968 cars, Mitsubishi reached 1,779 cars, Ford Vietnam delivered 1,356 cars to customers, Suzuki 1,078 cars, Isuzu 764. car. Forecast of April sales of carriers will decline sharply due to the impact of COVID-19.
Accumulated in the first 3 months of 2020, the total sales of VAMA reached 52,557 vehicles, down 33% compared to the same period last year. In particular, tourist car reached 38,249 vehicles, down 35%; 13,280 commercial vehicles, down 26%; specialized vehicles reached 928 vehicles, down 32% over the same period last year.
In addition to the car manufacturers of the VAMA group, TC Motor is not a member but is also a car company with large sales in March. With 5,086 units of the Hyundai brand being delivered to Vietnamese users and if ranked as the whole market, TC Motor ranked third in terms of sales.