Motorcycle and automobile sales by Honda Vietnam rocketed up 193% and 222% month-on-month, respectively, in May, following a nosedive of 72% in April due to COVID-19.
Automobile sales totalled just over 11,700 units in April, down 39% against March, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on May 12.
The rising vehicle imports are posing huge competitive pressure on domestically-produced vehicles.
Auto sales rose by 22 percent year-on-year to 126,753 units in the first five months of the year, the Vietnam Automobile Manufacturers Association says.
Vietnamese automobile manufacturers and distributors had a banner month in May as the sales of car experienced a strong monthly growth of 30 percent following a line-up of promotions and discount programmes.
Despite huge reductions in the price of motor vehicles, car dealerships said sales have been unexpectedly slow in recent weeks.
The Vietnam Automobile Manufacturer Association (VAMA) reported on May 13 that its members sold 21,021 vehicles in April, a decrease of 35 percent against the previous month.
Almost 28,900 cars were sold in Vietnam in October, up 21% from the previous month, according to the Vietnam Automobile Manufacturers Association (VAMA).
Total automobile sales in February fell 13% from a month earlier to 17,621 units, according to Vietnam Automobile Manufacturers’ Assocation (VAMA).
Vietnam’s auto sales reach 20-year record.
The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association (VAMA) announced on January 11.
After falling for two months, auto sales staged a strong recovery last month with a total of 24,802 units sold, more than twice the February figure.
The Vietnam Automobile Manufacturers' Association (VAMA) expects automobile sales for this year to reach 260,000 units, a year-on-year rise of 10%, according to its chairman Yoshihisa Maruta.
Vietnam sold a total of 244,914 cars in 2015, an annual increase of 55%, the Vietnam Automobile Manufacturers Association announced on January 11.
The Vietnamese tire market will top US$2.7 billion in revenue by 2020 on account of many favorable conditions, including auto sales and legislation, a global market research company has said, citing its own report.
April was a positive month for Vietnamese auto sales, though carmakers have claimed difficulties conducting business in the country's unstable and undevel-oped automobile industry.
(VOV) -Vietnam's automobile industry sold nearly 16,150 units in September, up 29% against August and 65% on the same month of last year, according to Vietnam Automobile Manufacturers’ Association (VAMA).
Sales by members of the Vietnam Automobile Manufacturers’ Association (VAMA) continued rising high last month with nearly 10,000 automobiles sold, the Saigon Times Daily reported.
(VOV) -Vietnam auto sales jumped 29% year-on-year as the auto industry sold more than 11,340 cars, trucks and multipurpose passenger vehicles in April, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
(VOV) - The Vietnam Automobile Manufacturers Association (VAMA) has predicted that this year’s auto sales may reach a record high of 120,000 units, or 9% higher than 2013’s figure.