Automobile sales down in first seven months

Sales of automobiles plunged 28% year-on-year to 131,248 units in the first seven months of this year, according to the Vietnam Automobile Manufacturers Association (VAMA).

automobile sales down in first seven months hinh 0

Sales of all types fell, with passenger cars down 29%, commercial vehicles 23%, and special-use vehicles 39%.

The July figure hit 24,065 units, up a mere 0.3% against June and down 13% compared to July 2019.

The sale of domestically-assembled vehicles rose 2% month-on-month in July, to 16,088 units, while imports were down 2% to 7,977 units.

The figures, however, do not reflect overall consumption in the automobile market, as they exclude sales of manufacturers that are not VAMA members, such as Audi, Jaguar, Land Rover, Mercedes-Benz, Subaru, Volkswagen, Volvo, and Hyundai Thanh Cong.

Hyundai Thanh Cong’s TC Motor sold 7,606 vehicles in July, up 35.5% month-on-month and taking the figure for the first seven months to 35,620.

Meanwhile, some 2,210 VinFast automobiles were sold in July. With an average of 2,200 vehicles being sold monthly, the local carmaker’s sales stand at around 15,270 for January-July.

The combined sales of VAMA members, TC Motor, and VinFast reached 33,885 in July, for 182,138 in the first seven months.