Vietnam’s commercial vehicle market over 2 tons gvw rebounded by 12.6% to 21,207 units in the fourth quarter of 2020 after plunging by 28% to 18,839 units in the same period of the previous year, according to AsiaMotorBusiness.com analysis of data from the Vietnam Automotive Manufacturers Association.

Sales of medium and heavy-duty commercial vehicles over 6 tons gvw are estimated to have declined by over 23% to 19,589 units in 2020 from 25,575 units in the previous year, reflecting declining investment, trade and domestic consumption over the full year.

The market for other light commercial vehicles between 2-6 tons gvw declined by 7.8% to 6,041 units in the fourth quarter of 2020 from 6,552 units in the same period of the previous year, resulting in a 14.5% fall in full-year sales to 19,450 units from 22,760 units in 2019.

Sales of pickup trucks and derivatives declined by just 1.4% to 125,671 units in the fourth quarter of 2020 from 127,429 units a year earlier, as domestic economic activity in the country began to stabilise after a year of decline.

The Thai commercial vehicle market over 2 tons gvw expanded by just over 1% to 137,660 in the fourth quarter of 2020 after declining sharply to 136,172 units in the same period of the previous year, according to data and some estimates from various industry sources compiled by www.AsiaMotorBusiness.com.

Sales of medium and large buses and coaches contracted almost 50% to 87 units in the fourth quarter of 2020 from 171 units a year earlier, resulting in a 56% drop in full-year sales to 275 units.

Malaysia’s prime mover segment (on-road tractor units) dropped by 34% to 400 units in the fourth quarter of 2020 from strong year-earlier sales of 606 units, resulting in a 47% drop to 875 units over the full year.

Sales of rigid trucks over 2 tons gvw, excluding pickup trucks, increased by over 20% to 4,195 in the fourth quarter of 2020 after declining by almost 24% to 3,493 units in the same period of the previous year.

The Malaysian market for light vans and minibuses fell by almost 19% to 1,192 units in the fourth quarter of 2020 from already weak-year earlier sales of 1,369 units, resulting in a fall of almost 45% to 3,093 units over the full year from 5,586 units in 2019.

Sales of pickup trucks rebounded strongly in the fourth quarter of 2020, by over 37% to 13,145 units from 9,580 units in the same period of the previous year, wiping out most of the earlier declines and resulting in a fall in full-year sales of just 3.7% to 33,034 units.

The Malaysian commercial vehicle market over 2 tons gvw rebounded strongly in the fourth quarter of 2020, by 25% to 18,868 units from weak year-earlier earlier sales of 15,099 units, according to www.AsiaMotorBusiness.com analysis of industry data.

Sales of medium- and heavy-duty commercial vehicles over 5 tons gvw are estimated to have decreased by 56% year-on-year to 2,044 units in the fourth quarter of 2020 after rising by close to 20% to 4,610 units in the same period of the previous year.