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Friday September 7, 5:06 PMVietnam August auto sales soar 64 pct vs year agoHANOI, Sept 7 (Reuters) - Auto sales in Vietnam by 11 foreign-backed firms jumped 64 percent in August from a year earlier to 4,936 vehicles, the Vietnam Automobile Manufacturers Association said on Friday.Toyota sold 1,796 vehicles, making up 36 percent of the sales by all foreign car makers last month and 30 percent more than a year earlier, the association said in its monthly report. Ford Motor Co's monthly sales rose 16 percent from a year earlier to 364 units. GM Daewoo reported the most robust growth, with sales jumping 344 percent from last August to 671 units due to strong demand for its Captiva utility vehicle. Dealers said buyers had to wait for several months to drive the model home. Vietnam's annual per capita income remains one of the world's lowest at around $800, but its vehicle prices are among the highest because of high tariffs and taxes. German car maker Mercedes Benz is launching its 2008 C-class sedans next month, with the entry model retailing at around $60,000. Dealers said buyers had to wait until November for delivery. Dealers also said BMW had ceased assembling vehicles in Vietnam and appointed Euro Auto to import cars from its plants in Germany. The sales figures below include passenger cars, commercial and multi-purpose vehicles.
Aug 2007 Aug 2006 % change on yr
Toyota 1,796 1,385 30.0
Vidamco (GM Daewoo) 671 151 344.0
VinaStar (Mitsubishi) 480 347 38.0 Ford
364 315 16.0 Isuzu
461 246 87.0 Visuco
(Suzuki) 258 146 77.0 Honda
350 n/a n/a
Mercedes-Benz 243 107 127.0
Hino Motors Vietnam 116 68 71.0
VMC (BMW, Mazda, Kia) 118 73 62.0
Mekong (Fiat, Ssangyong, PMC) 79 52 52.0
TOTAL 4,936 3,000 64.0
(Source: Vietnam Automobile Manufacturers Association)
NOTE: Japanese car maker Honda Motor Co. Ltd. launched
its Civic sedan only in late August 2006.
Vietnam Motors Corp is majority-owned by Columbian Motors Group. Vina Star Motors' foreign shareholders are Mitsubishi Motors Corp , Mitsubishi Co and Proton , each holding 25 percent. Vietnam Suzuki Corp.'s foreign shareholders are Suzuki Motor Corp. and Nissho Iwai, part of Sojitz Holdings Corp . Each holds 35 percent. Saelio Machinery Japan is the majority owner of Mekong Auto. |
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