According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on February 13, automobile sales (including non-VAMA manufactures) in Vietnam were down 12.7% year on year to 20,232 units in January.
CKD volume was 15,504 units, and CBU volume was 4,728 units.
VAMA members (20 manufactures) sales in January were down 10.5% to 19,613 units. VAMA members passenger car sales were up 6.0%, commercial vehicles were down 37.1%, and special purpose vehicles were down 48.0%.
By brand sales in January based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 6.3% to 5,318 units. Truong Hai was down 39.2% to 3,617 units. VinaMazda was down 1.2% to 2,874 units. Ford was down 1.6% to 2,544 units. Honda sales were up 54.6% to 1,232 units.
In line with ASEAN Trade in Goods Agreement, Vietnam lowered the tariff on the CBU imports from ASEAN countries from 40% to 30%. Some automakers started to lower their import vehicle prices, however the impact of tariff change is not yet visible.