Car Sales Rise 79 per cent in Jan-June

The Vietnam Automobile Manufacturers Association (VAMA) has announced that car sales of its 16 member carmakers rose 79 per cent on year to 28,524 units in the first six months this year as more people are affordable for the four-wheeler.

 

The fast-growing economy is enriching many people who now want to buy luxury conveniences to display their riches, a car trader said, citing the government’s source that Vietnam’s GDP grew nearly 8 per cent in the first half and was hopeful of 9 per cent increase in the second half.

 

VAMA said the June selling volume increased 9 per cent on month and 62 per cent on year to 6,083 units.

 

Dr. Udo F. Loersch, chairman of VAMA, said in a statement that the growth was mainly contributed by the sales of SUV/MPV with respective on-year rise of 29 per cent and 270 per cent in June and January-June to 1,813 units and 9,314 units.

 

However, commercial vehicles were the best sellers with sales of 2,751 units in June and 12,721 units in January-June.

 

Japanese-led Toyota Vietnam remains the largest carmaker with sales of 1,774 cars in June, totaling 8,162 units in the six months, accounting for 28.6 per cent.

 

Vindaco sold no cars because it has stopped making Daihatsu vehicles.

 

According to government’s general statistics office, Vietnam imported 8,000 finished cars valued at $140 million in the first half this year, up 11.7 per cent on year in volume and 23.5 per cent in value.

 

* The following table details car sales, market shares and the growth of the 16 VAMA carmakers in June and June-January of 2007.

 

No.	Maker	June 07			Jan-Jun 07
		Sales (units)	Share ( per cent)	On-year growth ( per cent)	Sales (units)	Share ( per cent)	On-year growth ( per cent)
1	Toyota	1,774	29	20	8,162	28.6	42
2	Truong Hai	956	16	114	4,461	15.6	89
3	Vidamco	602	10	433	2,746	9.6	252
4	Vinaxuki	608	10	171	2,622	9.2	182
5	Ford	431	7	16	2,055	7.2	20
6	VinaStar	426	7	25	1,732	6.1	73
7	Honda	333	5		1,676	5.9
8	Isuzu	291	5	32	1,362	4.8	45
9	Visuco	192	3	-7	1,018	3.6	27
10	Mercedes-Benz	193	3	52	861	3.0	134
11	VMC	65	1	0	476	1.7	93
12	Hino	87	1	135	453	1.6	65
13	Mekong	70	1	37	374	1.3	49
14	Samco	30	0	-6	242	0.8	48
15	Vindaco		0	-100	173	0.6	-18
16	Vinacomin	25	0.4	1150	111	0.4	4
	Total	6,083	100	62	28,524	100	79