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How large is Vietnam’s automobile consumption?

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How large is Vietnam’s automobile consumption?

August 22, 2022
in Electrical


Monday, August 22, 2022 14:39

Not attaching an excessive amount of significance to the issue of “soul month”, the variety of vehicles imported to Vietnam exceeded the brink of 9,000 items.

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In accordance with knowledge from the Common Division of Customs, within the first half of August, the variety of CBU vehicles exceeded the brink of practically 10,000 items, with a turnover of 206.25 million USD. During which, the bulk are fashions with 9 seats or much less with 6,849 vehicles.

Notably, regardless that it’s within the seventh lunar month (the month of the soul), the variety of imported vehicles nonetheless elevated sharply over the identical interval. This proves the large consumption energy of consumers in Vietnam.

How big is Vietnam's car consumption?  first
Within the first half of August, the variety of imported CBU vehicles reached 9,906 items, with a turnover of 206.25 million USD

In 2022, the entire nation imported 87,909 vehicles with a turnover of two.074 billion USD. Just lately, the Vietnamese auto market has witnessed spectacular transformations in every phase.

Overcoming many rivals resembling Honda Civic, Toyota Altis, Mazda3, the Kia K3 mannequin dominated the gross sales of C-sized sedans in Vietnam. The gross sales quantity of this Korean model accounted for greater than 40% of the market share within the phase, reaching 7,930 autos after 7 months.

How big is Vietnam's car consumption?  2
The Kia K3 mannequin dominates the gross sales of the C-sized sedan group in Vietnam

Small high-rise vehicles (from A+ to C-) are at present probably the most thrilling phase in Vietnam, based on information, whole gross sales of greater than 38,000 autos after 7 months, solely behind B-size sedans by way of consumption.

>>> MORE: The automobile market ‘dancing up and down’ within the month of Ngau, the race for the throne has by no means been so sizzling!

Picture: Synthesis

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