Despite the sharp fall, the market maintained positive growth during the first two months. According to VAMA, total market sales by the end of February reached 46,153 units, up 39 per cent compared with the same period last year.
During the five-month span, VAMA members sold a total of 108,309 autos, with the sales of domestically produced units falling 14 per cent and imported vehicles rising 8 per cent year-on-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''s auto sales surged 29 per cent year-on-year in October,
registering growth on 2012 figures for the seventh consecutive month, an
industry group said on Tuesday.
Viet Nam''s auto sales surged 29 per cent year-on-year in October,
registering growth on 2012 figures for the seventh consecutive month, an
industry group said on Tuesday.
Viet Nam''s auto sales were estimated to have eased by 3 per cent
month-on-month to 9,360 units in July, Viet Nam Automobile
Manufacturers'' Association (VAMA) reported yesterday.
Domestic auto sales last month hit nearly 8,390 units, down 4 per cent over the same period last year, but up a significant 97 per cent since February, said the Viet Nam Automobile Manufacturer''s Association (VAMA).