Truong Hai Auto Joint Stock Company (Thaco) became the biggest domestic auto seller last year with 80,421 units sold, soaring 90% from a year earlier.
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| Models stand next to cars assembled and distributed by Thaco at the Vietnam Motors Show in HCMC last year. Thaco became Vietnam’s biggest auto seller last year with 80,421 units sold. |
Truong Hai Auto Joint Stock Company (Thaco) became the biggest domestic auto seller last year with 80,421 units sold, soaring 90% from a year earlier.
The impressive sales increase surpassed the target of over 70,000 autos Thaco set at its shareholder meeting last May. The target was deemed as too ambitious at the time as Thaco’s total sales volume was only 42,300 units in 2014 and Toyota Vietnam, one of the auto firms in Vietnam, then aimed for 46,000 units in 2015, up 13% year-on-year.
Thaco saw 2015 sales of Kia, Mazda and Peugeot brands growing by 100% over 2014 to 42,213 units including 21,310 Kia, 20,359 Mazda and 544 Peugeot cars.
Despite the impact of a higher special consumption tax from January 1, Thaco said it had kept prices unchanged and at the same time offered promotions for buyers of Kia, Mazda and Peugeot autos.
Customers can enjoy special prices, plus one-year material insurance and accessory kits, when they buy cars of the three brands this month.
Bui Kim Kha, deputy general director of Thaco, told the Daily earlier that as calculated by Thaco if the new special consumption tax calculation method was applied, car prices would inch up 2-5%.
(Source:SGT)
