Automobile sales decrease in August

Friday, Sep 13, 2019 09:56

An auto manufacturing line of Thaco Group in Chu Lai Open Economic Zone in Quang Nam province. — VNA/VNS Photo

Sales of automobiles saw a month-on-month decline of 19 per cent to about 21,480 vehicles in August, according to the Vietnam Automobile Manufacturer Association (VAMA).

In the month, sales of all vehicle types dropped, with passenger cars down 21 per cent, commercial ones falling 12 per cent and special-use vehicles dropping 37 per cent.

The figures of both domestically-assembled and imported automobiles plummeted 18 per cent and 22 per cent against the previous month, respectively.

In the first eight months of 2019, automobile sales recorded a year-on-year surge of 20 per cent. Sales of passenger cars leaped 31 per cent in the reviewed period, while those of commercial and special-purpose vehicles dropped 1.6 per cent and 28 per cent, respectively.

Thaco was the most successful in August with 5,975 vehicles of all kinds sold, accounting for 29.3 per cent of market share. It was followed by Toyota, Ford and Honda.

However, the sales did not reflect the consumption power of the country’s entire automobile market, as the figure did not include sales of other manufacturers that are not VAMA members such as Audi, Jaguar, Land Rover, Mercedes-Benz, Subaru, Volkswagen, Volvo and Hyundai Thanh Cong.

The Vietnam Motor Show 2019, to be held in October, will be a chance for local consumers to choose suitable cars from renowned brands and access promotion programmes. — VNS


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