In April, both domestically produced and imported car volumes continued to rise, adding significant inventory to the Vietnamese auto market. With supply booming, many car manufacturers are expected to further slash prices in the coming months.

According to a recent report by the General Statistics Office, an estimated total of 56,563 new vehicles - including both locally produced and imported cars - were added to the Vietnamese market in April. This figure represents a 4.8% increase compared to March’s 53,960 units.

Specifically, domestic car production and assembly in April reached approximately 39,500 units, up 3.7% from March’s 38,100 units and a remarkable 60.0% increase compared to April 2024. This marks the highest monthly domestic production volume in the first four months of 2025.

Since the beginning of 2025, domestic car manufacturers have rolled out an estimated total of 147,300 vehicles, an increase of 76.9% compared to the same period in 2024. This sharp rise highlights a major effort by local producers to scale up output early in the year.

As for imported vehicles, around 17,063 fully built units entered Vietnam in April, with an estimated total value of $423 million. This represents a 7.6% increase in volume and a 28.2% increase in value compared to March. Compared to April 2024, imports have surged by 47.7% in quantity and 65.4% in value.

Cumulatively, in the first four months of 2025, an estimated 63,520 fully built units have been imported into Vietnam, with a total value of approximately $1.4 billion. This represents a 45.2% increase in quantity and a 50.7% increase in value year-over-year.

The sharp rise in both domestic and imported vehicle supply in April came as a surprise, especially since many dealerships are still carrying large inventories. Several models are already seeing steep discounts as dealers work to clear stock.

However, the next two months are expected to be an active period for new model launches, prompting many automakers to maintain high inventory levels in preparation. Experts suggest that with supply far exceeding current market demand, car prices are likely to fall even further in the near future.

Hoang Hiep