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Thaco Group keeps leading local automobile market
2011-0530
Truong Hai Automobile Joint Stock Co., or Thaco Group, continued to lead the local auto market in April, the second straight month it stayed on top in terms of sales after overtaking Toyota Motor Vietnam in March.
Last month, Thaco Group sold more than 3,100 units, accounting for 33% of the market, followed by Toyota Vietnam with 2,553 units, or 27.1%, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
In March, the domestic automobile assembler sold 3,085 units, accounting for 34.2% of the market, followed by Toyota Vietnam with 2,357 units, or 24.8%.
For many months on end, Toyota Motor Vietnam had tightened its grip on the local auto market, holding the biggest share, while others have trailed far behind. But the Japanese-invested automaker suddenly lost its position in March following the energetic emergence of Thaco.
April sales of locally assembled automobiles in Vietnam totaled more than 9,400 units, an increase of 2,100 units over the March figure but a decrease of 3% year-on-year.
Sales last month broke down into more than 4,350 commercial vehicles, nearly 3,150 passenger vehicles, and more than 1,900 sport utility vehicles (SUV) and multi-purpose vehicles (MPV).
VinaStar (Mitsubishi), GM Daewoo, Visuco (Suzuki), Toyota Vietnam, Truong Hai and Ford Vietnam all reported an improvement in sales last month.
Overall sales in the January-April period were up 20% compared to the same period last year, from more than 31,150 units to more than 37,300 units.
Thaco Group took the leading position in the first four months of this year with nearly 10,330 units sold, accounting for 27.7% of the local market, followed by Toyota Vietnam with 10,190 units, or 27.3%.
The emergence of Thaco Group is attributed to its launch of new passenger products, including Kia Morning, Kia Optima, New Caren and Kia Forte.
The local automobile maker expects to sell at least 34,500 vehicles this year, or 8,600 vehicles more than last year, with a market share of some 29.2% among members of VAMA.
Meanwhile, experts forecast Toyota Vietnam would continue to lag behind for at least the next two months because the automaker had announced to reduce production by 30% at its factory in the northern province of Vinh Phuc.
Alongside a rise in sales of locally-assembled vehicles, the number of cars imported into Vietnam also increased in April in spite of economic difficulties, according to the General Statistics Office (GSO).
GSO reported the number of cars imported in April hit 5,500 units worth US$122 million, taking the total number in the first four months of this year to 21,000 units valued at US$400 million, a year-on-year increase of 60% in volume and 75.2% in value.
Last month, Thaco Group sold more than 3,100 units, accounting for 33% of the market, followed by Toyota Vietnam with 2,553 units, or 27.1%, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
In March, the domestic automobile assembler sold 3,085 units, accounting for 34.2% of the market, followed by Toyota Vietnam with 2,357 units, or 24.8%.
For many months on end, Toyota Motor Vietnam had tightened its grip on the local auto market, holding the biggest share, while others have trailed far behind. But the Japanese-invested automaker suddenly lost its position in March following the energetic emergence of Thaco.
April sales of locally assembled automobiles in Vietnam totaled more than 9,400 units, an increase of 2,100 units over the March figure but a decrease of 3% year-on-year.
Sales last month broke down into more than 4,350 commercial vehicles, nearly 3,150 passenger vehicles, and more than 1,900 sport utility vehicles (SUV) and multi-purpose vehicles (MPV).
VinaStar (Mitsubishi), GM Daewoo, Visuco (Suzuki), Toyota Vietnam, Truong Hai and Ford Vietnam all reported an improvement in sales last month.
Overall sales in the January-April period were up 20% compared to the same period last year, from more than 31,150 units to more than 37,300 units.
Thaco Group took the leading position in the first four months of this year with nearly 10,330 units sold, accounting for 27.7% of the local market, followed by Toyota Vietnam with 10,190 units, or 27.3%.
The emergence of Thaco Group is attributed to its launch of new passenger products, including Kia Morning, Kia Optima, New Caren and Kia Forte.
The local automobile maker expects to sell at least 34,500 vehicles this year, or 8,600 vehicles more than last year, with a market share of some 29.2% among members of VAMA.
Meanwhile, experts forecast Toyota Vietnam would continue to lag behind for at least the next two months because the automaker had announced to reduce production by 30% at its factory in the northern province of Vinh Phuc.
Alongside a rise in sales of locally-assembled vehicles, the number of cars imported into Vietnam also increased in April in spite of economic difficulties, according to the General Statistics Office (GSO).
GSO reported the number of cars imported in April hit 5,500 units worth US$122 million, taking the total number in the first four months of this year to 21,000 units valued at US$400 million, a year-on-year increase of 60% in volume and 75.2% in value.
Source: SGT
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