As the Hồng (Red) River continues to rise and threatens to flood many areas in Hà Nội, owners of car showrooms are looking for ways to relocate their vehicles.
The current state of the local car market is being significantly affected by a mix of traditional beliefs and policy uncertainties, according to experts.
According to the Vietnam Automobile Manufacturers’ Association (VAMA), its members sold a total of 27,289 units in March, up 135 per cent against February.
The Vietnam Automobile Manufacturers’ Association (VAMA) said its members sold 25,369 units in October, approximating the previous month’s sales (25,375 units) but falling 31 per cent from the same period last year.
Members of the Vietnam Automobile Manufacturers Association (VAMA) sold 23,800 vehicles in June, up 15 per cent from the previous month, VAMA announced on July 12.
Automobile sales saw growth in the first quarter of this year as manufactures launched promotions together with increases in supply and lower interest rates.
Vietnamese buyers are more interested in SUVs, CUVs and MPVs over sedans thank to their utilities, according to popular car listing websites in Viet Nam.
The cumulative import turnover of CBU cars in Q1 2023 increased by 76 per cent in volume and 60.8 per cent in value compared to the same period last year.
Viet Nam’s auto industry breaks a sales record last year with a highest revenue and profit. This year, it is expected to slow down due to many negative issues, car experts predict.
Viet Nam posted an all-time high import of automobiles with 173,467 units valued at US$3.84 billion last year, surpassing the previous record of about 160,000 units in 2021
Domestic automobile market has seen gloomy days as Tet appoaches near. Normally, this time is always known as a good time for car trading, according to local car experts.