As many as 23,232 cars were sold in May, up 6 per cent from the previous month, according to the Viet Nam Automobile Manufacturers’ Association on June 7.

During the month, sales of tourist cars rose 20 per cent to 12,915 units, while the sales of commercial vehicles fell 6 per cent to 9,005 units. The sales of specialised vehicles plummeted 22 per cent to 1,312 units.

While domestically assembled cars saw a rise of only 1 per cent in sales to 16,656 vehicles, imported car sales shot up 20 per cent from the previous month to 6,576 units.

The increase was attributed to big discounts offered from renowned carmakers such as Hyundai Thanh Cong, Truong Hai JSC (Thaco) Toyota, Honda, and Nissan Viet Nam.

Thaco led the market with a total sale of 8,263 units, accounting for 37.9 per cent of the market share. It was followed by Toyota Viet Nam with 5,151 units, making up 23.9 per cent, and Ford Viet Nam with 2,451 units, or 11 per cent.

In the first five months of 2017, the total automobile revenue dropped 1 per cent year on year. The sales of tourist cars climbed 6 per cent while those of commercial and specialised vehicles fell 9 per cent and 19 per cent, respectively.

While the sales of domestically assembled vehicles decreased 7 per cent, the number of imported cars surged 16 per cent year on year. — VNS