Automobile sales decrease in August

Sales of automobiles saw a month-on-month decline of 19 percent to about 21,480 vehicles in August, according to the Vietnam Automobile Manufacturer Association (VAMA).

automobile sales decrease in august hinh 0
An auto manufacturing line of Thaco Group in Chu Lai Open Economic Zone in Quang Nam province

In the month, sales of all vehicle types dropped, with passenger cars down 21 percent, commercial ones 12 percent and special-use vehicles 37 percent.

The figures of both domestically-assembled and imported automobiles plummeted 18 percent and 22 percent against the previous month.

In the first eight months of 2019, automobile sales recorded a year-on-year surge of 20 percent. Sales of passenger cars leaped 31 percent in the reviewed period, while those of commercial and special-purpose vehicles dropped 1.6 percent and 28 percent, respectively.

Thaco was the most successful in August with 5,975 vehicles of all kinds sold, accounting for 29.3 percent of market share. It was followed by Toyota, Ford and Honda.

However, the sales did not reflect the consumption power of the country’s entire automobile market, as the figure did not include sales of other manufacturers that are not VAMA members such as Audi, Jaguar, Land Rover, Mercedes-Benz, Subaru, Volkswagen, Volvo, and Hyundai Thanh Cong.

Besides, the Vietnam Motor Show 2019, to be held in October, will be a chance for local consumers to choose suitable cars from renowned brands and access to promotion programmes.

VNA