Vietnam Auto Market 2016 outpace the milestone of 0.3 million sales while hitting the All Time record, the fourth in a row. Toyota still leader, but Kia is fast growing and reduced the gap by two third.
Vietnam Automotive Industry in Q1 2016 hit the best volume ever albeit a shy start. The market is again fueled by growing consumer's demand despite economic indicators are reporting a more moderate growth.
Vietnam Vehicles Market in 2015 hit the new record doubling volumes in only three years. Behind the leadership of Toyota, several brands performed really fast with Mazda better than all others. The top model is Korean.
Vietnam vehicles industry will break the 200.000 units in the 2015 thanks to the record pace followed during the entire year. Starting from this article we'll report data and figures for the entire vehicles, including trucks and bus.
Kia Vietnam is the new dominator in the market while sales boom is not over and the first half 2015 ended with sales soared an astonishing 58%. Toyota held the podium with the three best-selling models.
Vietnam Light Vehicle Sales kept booming in the Q1 2015 further improving over last year record. Kia doubled sales and now its gap from the leader Toyota is narrow. Mazda jumped in 4th place with several models growing in triple-digit.
Vietnam Car Market Insights report was conducted in January 2015 featuring the current domestic light passenger vehicle scenario with deep analysis of facts, data and trends, for one of fastest growing car market.
Tax cut on import unleashed automotive industry in Vietnam as it’s confirmed by the huge sales increase scored in the third quarter 2014 when market was almost 50% up. Market is now entered in a new stage of development.
2014 Vietnam car market is booming and in April it scored a performance one third higher from year ago posting the fifth year on year increase in a string. Albeit losing share, Toyota still dominate the market. See data & statistics on brands and models.
December 2013, car sales boomed above 20% as Vietnamese car market is improving from the negative peak touched in 2012. The full year ended up 7.4%: Toyota dominates squashed competitors and was voted Brand of the Year with Three models on top of Model of the Year.
September 2013 sales statistics for the Vietnamese car market were up for the the sixth month in a row pushed by vehicles duties reduction. Year to date the market was 7.4% up. Toyota kept the astonishing market share while Mazda gained space.
In August 2013, the Vietnam's car market posted the 5th year-on-year increase in a row pushed by vehicles duties reduction and grew 6.1%, with year-to-date sales up 7.3%. While Honda kept the outstanding momentum, Kia is falling down.
In Vietnam there is the highest concentration of car market in one brand, as Toyota market share is near 50%. The dominion is confirmed by the year-to-date May model ranking: Fortuner, Corolla, Innova, Camry and Vios. Five Toyota's in Top5.
March car market in Vietnam was hit by expectations over incumbent fees reduction on car registrations and dropped 37% from last year. However the first quarter ended up 2.5%. Toyotareinforced its dominium on market as Kia collapsed.
In the 2012 the car market in Vietnam had lost 26.2% from the previous year, mirroring a worst economic outlook and falling expectations. Toyotapicked up the market leadership, outpacing Kiawhich anyhow improved its share.
In spite of Vietnam is a WTO member since 2007, the automotive industry and the import of vehicles will be completely liberalized towards other ASEAN members under the Free Trade Agreement only in 2018.