Auto sales up 19% in ten months

(VOV) -The Vietnam Automobile Manufacturers’ Association (VAMA) has reported that the domestic auto industry sold nearly 10,280 units in October, up 5% on September and 29% on the same month of last year.

This was is the first time the automobile industry surpassed the level of 10,000 vehicles ever sold since early this year. It was also the 7th consecutive month that its sales revenue was higher than last year’s figure.

More than 87,166 units were sold in the past ten month period, a 19% increase from a year earlier. The number of domestically assembled units was estimated at 75,766 (up 18%), while that of imported automobiles increased by 25% compared to the same period last year.

Automakers expect that the market will continue to grow, even above that level, in the last months of this year.