Car sales rise in July

Monday, Aug 15, 2016 16:02

A production line of Toyota Motor Vietnam. — Photo

HA NOI (Biz Hub) — The Vietnamese automobile industry sold 28,004 units in July, marking a 16 per cent increase over the previous month, according to Vietnam Automobile Manufacturers' Association (VAMA).

Among them, 17,514 units were passenger cars, up 36 per cent over June. Meanwhile, 9,334 units were commercial vehicles and 1,156 units were special-purpose vehicles, down 10 per cent and two per cent, respectively.

With this strong growth of the Vietnamese automobile market in recent months, it's projected to achieve total sales of about 300,000 units this year, including imported ones, because the prices of many models with low engine displacement have fallen since July 1 and the demand for vehicles usually increases towards the end of the year.

Local carmaker Truong Hai Automobile JSC (Thaco) continued to lead in July, selling 10,170 units, or 42.1 per cent of the VAMA's market share.

It was followed by Toyota Motor Vietnam with 5,170 cars, or 21.4 per cent of the market share, and Ford Viet Nam with 2,704 units, which was 11.2 per cent of the market share. — VNS

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