The market for commercial vehicles over 2 tons gvw in Vietnam declined by almost 6% to 11,105 units in the first quarter of 2024

The market for commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the first quarter of 2024 - with sales falling sharply by more than 28% year-on-year to 268,053 units.

Vietnam’s commercial vehicle market over 2 tons gvw continued to decline in the fourth quarter of 2023, by over 16% to 14,877 units from already weak year-earlier sales of 17,766 units.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the fourth quarter of 2023, with sales falling by more than 14%.

The Nova Euro V coach replaces with outgoing Euro IV model, which had been assembled in the Vietnamese city of Da Nang since 2020.

Sales of commercial vehicles over 2 tons gvw in Vietnam fell by over 20% to 12,898 units in the third quarter of 2023.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by over 8% to 326,720 units in the third quarter of 2023.

Vietnam’s market for commercial vehicles over 2 tons gvw continued to fall sharply in the second quarter of 2023 compared with the same period of last year.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by almost 9% to 308,421 units in the second quarter of 2023 from 338,668 units.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, fell by over 2% year-on-year to 372,543 units in the first quarter of 2023 after growing just 1.6% to 364,641 units in the fourth quarter of last year.

This fall was sharper than the overall economy. Economic growth slowed to 3.3% year-on-year in the first quarter of 2023 from 5.9% in the previous quarter and 8% in the whole of 2022.

Vietnam's CV market dips but relatively stable.