Vietnam Car Sales 2018: A Market on the Rise

“Buy a car at the beginning of the year, and prosperity will follow all year round.” This saying, a favorite of my friend Minh “the truck guy,” owner of a construction material transport fleet in Long Bien District, Hanoi, always echoes in my ears every Tet holiday. In 2018, witnessing the vibrant car market, Minh believed in this saying even more. So, what was the actual car sales performance in Vietnam in 2018? Let’s explore with Hanoi Trucks!

The 2018 Auto Market: Boom or Bust?

2018 marked a year of significant fluctuations in the Vietnamese automobile market. Despite changes in registration fees for imported cars, it seemed not to affect consumers’ “thirst” for cars.

Impressive Sales, Diverse Brands

According to statistics, total car sales in Vietnam in 2018 reached over [Data] units, a [Data]% increase compared to 2017. Passenger cars dominated with [Data] units sold, followed by commercial vehicles with [Data] units.

The Vietnamese auto market in 2018 witnessed the arrival of many world-renowned car brands, from familiar names like Toyota, Honda, Mazda, Kia, and Hyundai to luxury brands like Mercedes-Benz, BMW, and Audi. The diversity in types, models, and prices offered consumers a wide range of choices to suit their needs and budgets.

The growth of the car market also led to an increased demand for repair, maintenance, and spare part replacement services. This created attractive business opportunities for companies in the automotive service industry.

With the booming car market, 2018 became a promising year for the Vietnamese automotive industry. The market’s growth is projected to continue in the coming years, promising to bring more development opportunities for businesses in the industry.