overy shows that the Vietnamese market is gradually passing through the low-level period of purchasing power after the Lunar New Year. Some industry experts said that Vietnam’s automobile market will continue to boom in the coming time, with the emergence of new models, promotions, the government policy of 0% registration fee for electric cars. Sales volume by type of VAMA members * Feb. 2025 Feb. 2024 Y-o-Y Jan. -Feb. 2025 Jan. -Feb. 2024 ...

Automotive Sales Data  Updated at: 2025/07/10

ertainty in the outlook, the sector continues growing, albeit at a slower pace than last year. New Asian brands will have a significant presence in the market, partly due to their more accessible prices. However, the origin of these new players’ vehicles will be a relevant issue, as an industrial policy imposing tariffs on Chinese-origin vehicles could slow sales growth. Sales of new vehicles by type(including import cars) 2025 Feb. 2024 Fe...

Automotive Sales Data  Updated at: 2025/07/08

are. Cumulative sales for the eight months of the year were up 2.4% y/y to 188,997 units.Auto sales in Vietnam decreased by 12.9% month-on-month in August. The decline in sales in August 2024 was a predictable scenario as, in addition to the taboo mentality, people continued to wait for the State's policy of reducing registration fees. However, this is just a quiet note preparing for the boom period in the remaining months of the year. Because, t...

Automotive Sales Data  Updated at: 2025/07/03

s, and improving employment data in recent months. Moreover, the sales performance was pushed by the double-digit growth in consumer loans, particularly auto loans, despite relatively higher interest rates that increased borrowing/financing costs since 2022. Lower Fed (US Federal Reserve) and local policy rates are expected to help increase demand for auto loans and vehicle purchases.Philippines - Sales of new vehicles Type Aug. 2024 Aug. 2023...

Automotive Sales Data  Updated at: 2025/07/03

just how resilient and responsive our domestic market truly is. Strong consumer demand, supported by positive economic fundamentals, has helped the automotive sector deliver impressive growth amid global turbulence. At naamsa, we recognise this momentum as a reflection of supportive macro-economic policy choices and a highly adaptive industry. As 2025 marks a critical inflection point for the sector, we look forward to progressive policy support...

Automotive Sales Data  Updated at: 2025/07/03

4% over the previous year to 63,962 units. Total production in 2024 increased 2.0% from the same period in 2023 to 790,347 units.MAA announced that Malaysia broke the 800,000 units sales record for the first time in 2024. MMA attributes the sales growth to the strong domestic economy, the Overnight Policy Rate (OPR), which has remained at 3% since May 2023, the introduction of new models, and aggressive sales promotions by OEMs.In 2025, sales are...

Automotive Sales Data  Updated at: 2025/07/02

um and have a large market share.According to the CAAM, at present, exports are an important growth driver, while insufficient domestic demand remains a prominent problem that needs to be addressed in 2024. It is hoped that the Chinese government will continue to offer the auto industry a favorable policy environment by promoting a new round of large-scale equipment renewal and the early refinement and implementation of policies and measures such...

Automotive Sales Data  Updated at: 2025/07/02

YoY.Vehicle exports in February 2025 amounted to 81,323 units, marked a drop of 8.3% YoY. According to the FTI, exports to Asia, Europe, North America, Central America, and South America declined. Some trading partners have also reduced their orders while waiting for clarity on the U.S. import tax policy. Vehicle export in February was valued at THB 57.3 billion, down 5.5%. Vehicle exports in the first 2 months of 2025 reached 143,644 units, dow...

Automotive Sales Data  Updated at: 2025/06/30

ring the month, another welcome development was the renewed collaboration between business and government to urgently tackle key current challenges relating to energy, infrastructure and transport logistics, as well as combating crime. If successful, the collaboration efforts could assist to reduce policy uncertainty and promote a more predictable economic environment which would enable much higher levels of investment, growth and job creation an...

Automotive Sales Data  Updated at: 2025/06/04

production and sales results for June 2023.In June 2023, China’s vehicle production and sales volumes both increased year-over-year (y/y), resulting in large increase for the first half of the year. This is mainly because demand in China’s auto market, where there was the impact of a promotion policy switch and price fluctuations in Q1, is gradually recovering due to the joint stimulation of central and regional consumption promotion policie...

Automotive Sales Data  Updated at: 2025/06/04

74 units.According to industry experts, the main cause of the above decline is the semiconductor crisis and the lack of chips that have not been resolved on a global scale, as well as the political impact in some regions. This has affected the production output of car manufacturers.In addition, the policy of 50% reduction in registration fees for domestically assembled cars ended at the end of May, so many people bought cars in the previous perio...

Automotive Sales Data  Updated at: 2023/02/13

diminished. In July, New Energy Vehicle (NEV) production and sales maintained rapid y/y growth, and auto exports hit a record high. Seventeen Chinese ministries led by the Ministry of Commerce of China (MOFCOM) jointly issued a notice on several measures to enhance auto consumption, which provided policy guarantees for stimulating the auto market.Overall vehicle production and sales in July totaled 2.455 million units and 2.42 million units, rep...

Automotive Sales Data  Updated at: 2023/02/07

ter than what was expected at the beginning of the month.In November 2021, production and sales both kept declining year-over-year (y/y). Passenger vehicle production and sales achieved month-over-month (m/m) growth. Owing to factors such as the implementation of China VI emissions standard and the policy adjustments for “light trucks with a blue plate” (for example, the total weight standard of “a light truck with a blue plate” has been ...

Automotive Sales Data  Updated at: 2022/02/25

l.According to Scotiabank, given fleet sales are still depressed, the retail sales rebound is even stronger, showing signs of not only pent-up demand, but also pandemicmotivated purchases.Scotiabank maintain its sales forecast outlook at 1.6 mn units for 2020 with some further upside from these new policy supports along with the stronger economic recovery profile, but still note considerable downside risks on the horizon, particularly south of th...

Automotive Sales Data  Updated at: 2021/04/28

les to businesses decreased 29.0% to 3,845 units (2.1% share).Sales of all vans to 3.5 tons increased 5.4% this May to 29,142 units.Sales of trucks between 3.5 and 6.0 tons decreased 33.3% to 616 units in May.Sales of taxis increased 99.2% to 245 units in May.Mike Hawes, CEO of SMMT said "Confusing policy messages and changes to incentives continue to affect consumer and business confidence, causing drivers to keep hold of their older, more pollu...

Automotive Sales Data  Updated at: 2020/01/10

3.6%.By brand sales in 2017 based on MarkLines Data Center figures, Truong Hai was down 21.2% to 63,164 units. Toyota (excluding Lexus) was up 4.1% to 59,355 units. Ford was down 1.5% to 28,588 units. VinaMazda was down 19.0% to 26,017 units. Honda sales were up 5.5% to 12,134 units.The zero-tariff policy for car imports from ASEAN nations went into effect on January 1, 2018.Vietnamese automakers and importers have been racing to reduce the price...

Automotive Sales Data  Updated at: 2019/10/11

us compared to the prior year. The outlook for 2019 is not so straightforward. Consumer tax increases and a possible tightening of US sanctions create significant risks and uncertainties for the market performance especially in the first quarter of the year. Assuming no drastic change in government policy and support for the automotive sector, market participants however expect that fundamental market demand should be robust enough for sales to c...

Automotive Sales Data  Updated at: 2019/01/17

ember to 25,549 units.Sales of trucks between 3.5 and 6.0 tons decreased 43.1% to 384 units in December.Sales of taxis decreased 12.2% in December to 216 units.Mike Hawes, CEO of SMMT said "A second year of substantial decline is a major concern, as falling consumer confidence, confusing fiscal and policy messages and shortages due to regulatory changes have combined to create a highly turbulent market. The industry is facing ever-tougher environ...

Automotive Sales Data  Updated at: 2019/01/08

f trucks between 3.5 and 6.0 tons decreased 34.6% to 450 units in October.Sales of taxis were 108 units in October.Mike Hawes, CEO of SMMT said "Declining business and consumer confidence is undoubtedly affecting demand in the new car market but this is being compounded by confusion over government policy on diesel. Consumers need urgent reassurance that the latest, low emission diesel cars on sale will not face any bans, charges or other restric...

Automotive Sales Data  Updated at: 2018/07/24