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Vietnam's auto market saw a 13% year-on-year decline in August sales, totaling 18,891 units.
Data from the Vietnam Automobile Manufacturers' Association (VAMA) shows that new car sales in Vietnam fell 13% year-on-year in August to 18,891 units. This data excludes major market participants such as VinFast, Hyundai, Mercedes-Benz, and Nissan. Despite the August decline, Vietnam's automotive market sales still grew 8% in the first eight months of 2026 to 193,898 units, driven by strong economic growth. GlobalData expects total light vehicle sales in Vietnam to grow 10% this year to 617,000 units, driven by continued economic growth and rising consumer demand.
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