Market Report, "Vietnam Autos Report Q1 2016", published

Sales

New vehicle sales in Vietnam grew 59% y-o-y to 17,283 units in June 2015, according to data published by the Vietnam Automotive Manufacturers Association (VAMA). Vehicle sales rose around 67% to 91,711 units in H115, compared with 55,007 in H114. Sales were mainly driven by strong domestic consumption, exports and investment. Cumulative sales of passenger cars, sport utility vehicles and multipurpose vehicles increased by more than 60% to 51,348 in H115, while commercial vehicle sales grew more than 75% to 40,363 units.

Sales in May jumped by over 40% to 16,946 units, from 12,071 units a year earlier, according to the VAMA. Sales in the first five months of the year increased by just under 70% to 74,428 units, from 43,671 units a year earlier. Cumulative sales of passenger cars, SUVs and MPVs combined increased by close to 58% to 42,239 units in this period, from 26,815 units previously. Commercial vehicle sales rose by 91% to 32,189 units, from 16,856 units. Toyota was the leading brand over the five-month period, with sales rising by close to 42% to 18,742 units. Local Truong Hai (Thaco) group, which has a number of brands in its portfolio including Kia, Mazda, Peugeot and some less known commercial vehicles, reported a 94% rise in sales to 27,927 units in the same period. Ford's cumulative sales increased by 71% to 7,335 units while Honda's sales were up by 12% at 3,067 units.

Full Report Details at
- http://www.fastmr.com/prod/1070824_vietnam_autos_report_q1_2016.aspx?afid=301

According to VAMA, auto sales surged towards the end of 2014 and increased by an eye-watering 41.1% y-o-y in December 2014 to 16,413 units. This brought total sales for the year to 133,516 units, an increase of 38.0%. We forecast sales to continue their positive momentum in 2015 and expect sales of VAMA members (excluding sales of Mercedes-Benz, which reports combined sales of passenger cars and commercial vehicles) to grow 17.8% in 2015.

The Vietnam Autos Report features the latest data and forecasts covering production, sales, imports and exports.

BMI Research's Vietnam Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Vietnam.

Key Benefits

* Benchmark BMI's independent automotives industry forecasts on Vietnam to test other views - a key input for successful budgetary and planning in the Vietnamese automotives market.
* Target business opportunities and risks in the Vietnamese automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Vietnam.
* Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.

Coverage

BMI Industry View

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