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THACO AUTO gains VAMA lion's share in February
4/2/2021 1:30:53 PM
As a member of Vietnam automobile manufacturers' association (VAMA), THACO AUTO has ended February with a leading market share at 40.3 percent cumulatively, while 44.6 percent in February. The Vietnamese automaker has sold 5,769 vehicles, including 4,508 passenger cars and 1,261 commercial vehicles.


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In February, the whole market had to go through big slumps because of the Covid-19 outbreak in January 28, no more vehicle registration fee cuts, and the Lunar New Year before which people have already bought their vehicles. 

As a result, the month has witnessed sharp declines in passenger car sales, 21% lower than January and a 52% year-over-year decrease. However, THACO AUTO has made it to the top thanks to its KIA and Peugeot car sales, the only 2 brands with positive growth during the month. 

Compared to January, Peugeot has grown strongly with a 30% increase. The sales have also increased 184% higher than last year. Peugeot 2008 high sales were the explanation for these impressive figures.





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Still lower than January, KIA sales however have increased 36% year-on-year. The Korean car brand has taken the lead in VAMA with 2,488 units, accounting for 19.2% of the market share in February 2021.

Contributing to such impressive growth was Kia Seltos SUV with 1,012 units, ranking second among the top 10 best-selling cars in February. During the first 2 months of the year, 2,238 Kia Seltos cars have been consumed, making it one of THACO AUTO's flagships in the market. 

Despite market declines under the impacts of Covid-19, meeting customer needs with high-quality and affordable cars along with good looks and luxury, as well as convenient and high-class after-sales service systems, KIA and Peugeot have finally succeeded in the race.
THACO GROUP