Automobile sale grows for 2nd consecutive month in Vietnam

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.

automobile sale grows for 2nd consecutive month in vietnam hinh 0
At the 2019 Vietnam Motor Show (Photo: VNA)

This marks the second consecutive monthly growth in the sale of the association, it said, adding increases of from 5-18% were seen in the three segments.

Of the total, 11,878 automobiles are locally assembled.

Many attributed the rise in March to the application of promotion programmes such as discounts or valuable presents by makers and sale agents.

In the first quarter of this year, the VAMA members sold 78,419 units, 33% lower than the same period last year.

However, watchers said those VAMA figures does not present a panorama of the automobile market in Vietnam as there are many other manufacturers who are not members of the association.