Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 24,002 automobiles in June, up 26% compared to the previous month but down 13% year on year.
The sales of automobile surged 62% month-on-month in May following the end of social distancing measures, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
The Vietnam Automobile Manufacturers’ Association (VAMA) recently announced that its members’ March sale was 19,154 units, 8% higher than the figure recorded in February.
VOV.VN - The Vietnamese automobile market will enjoy major breakthroughs during 2019 once the supply source of imported cars is secured, has said Pham Van Dung, managing director of Ford Vietnam.
The automobile market is expected to change dramatically from now to the end of this year as the production of cars in Vietnam starts to recover.
VOV.VN - New vehicle sales in Vietnam declined 5% to approximately 22,000 units in June, according to the Vietnam Automotive Manufacturers Association (VAMA).
Automobile traders are suffering tough times due to a slide in prices and sales, though the used-car market has been vibrant even during the seventh lunar month called Thang Co hon (Month of lonely spirits), more than 30 units sold per day.
The Vietnamese automobile market is much smaller than Thailand, the Philippines and Malaysia, but it is now one of the most attractive markets in the region.
The domestic automobile market is showing signs of bouncing back with auto sales in July increasing slightly.