Car Imports Boom In Vietnam

The U.S.A. dispatches its Secretary of State to complain to Japan about less than 8000 vehicles exported from the U.S. not benefiting from the Japanese cash-o for clunker-u. At the same time, a new car market is starting to explode, without anybody noticing: Vietnam.

Vietnam imported 76,300 units in 2009, nearly 10 times the U.S. exports to Japan. The increase was 51 percent on the year, an all-time high, the Nikkei [sub] reports. Sales of domestically manufactured vehicles were 115,000 units in 2009, up only 3 percent, but still a record. A total market of some 200,000 units is not much compared to neighbor China, but it’s a strong start.

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Chinese Government Urged To Buy Chinese. At Least A Bit More

If you are stuck in Beijing traffic, while police closes the center lane to give preferential treatment to a government motorcade, you will notice a penchant for foreign brands amongst Chinese government officials: White license plates (= government) are usually found on bigger bore Audis, BMWs, and Mercedeses (or “Benz” as they are called in China.) After all, they are made in China in joint ventures, and only petty people will point out that an Audi A8, a Volkswagen Touareg, or a Benz S Class are imports.

The tastes are about to change, albeit not too drastically.

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  • FreedMike Hint to Nissan: if you want something that will stand out in the market and be reasonably priced, how about a PHEV Frontier?
  • FreedMike Apple Music through Carplay or Bluetooth. VWs also have a neat feature that allows you to scroll up and down through all available radio stations.
  • FreedMike "Forced Neutral" - is that like the Sudetenland in 1938? Seriously, Ford...WTF.
  • Wjtinfwb I foresee HUGE rebates on this. The "quasi-Safari" look on 911s is one think on a 150k plaything. It's another when slapped on a 40k EV with a 20k premium.
  • Wjtinfwb 100k. What happened to the 40k version I reserved back a year + ago? Regardless, since you could by a new Silverado Trail Boss V8 for 60k and put the remaining 40k in a Money Market at 4-5%, why would anyone spend the extra $$$? And please don't make it about the environment. Moving a 3 ton truck through the air is going to take a lot of energy and energy doesn't fall out of trees. Whether Solar, Wind, Nuclear or Mermaid farts, there's a financial and environmental impact. Why not go with the least expensive impact?