According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on April 7, automobile sales (including non-VAMA manufactures) in Vietnam were up 8.3% year on year to 26,872 units in March.
CKD volume was 18,388 units, and CBU volume was 8,484 units.
VAMA members (20 manufactures) sales in March were down 1.7% to 22,792 units. VAMA members passenger car sales were up 8.7%, commercial vehicles were down 12.8%, and special purpose vehicles were down 15.9%.
By brand sales in March based on MarkLines Data Center figures, Truong Hai was down 5.3% to 7,245 units. Toyota (excluding Lexus) was down 0.3% to 4,679 units. Ford was up 4.6% to 2,501 units. VinaMazda was down 17.4% to 2,202 units. Honda was up 34.5% to 1,056 units.
In line with ASEAN Trade in Goods Agreement, Vietnam lowered the tariff on the CBU imports from ASEAN countries from 40% to 30%.
In March CKD sales were down 1%, while CBU sales were up 41%.