Over 26,000 cars sold in May

Vietnam’s automobile sales in May totaled 26,028, increasing just 1% from April but 45% from the same period last year, released the Vietnam Automobile Manufacturers’ Association (VAMA).

During the month, the number of passenger cars sold inched 2.2% against last month to 14,039. The figure for commercial cars increased 6.7% to 10,312 units, whereas special-purpose cars sales slid 27% to 1,677. 

They were sold by both VAMA members and non-VAMA-member businesses, which imported completely-built-up (CBU) cars. 
over 26,000 cars sold in may hinh 0

Up to 19,117 units of the sales were domestically assembled, 2% lower than April, while the purchase of CBU imported cars hit 6,911 units, an 11% monthly rise.

The gain of CBU imported cars stemmed from consumers’ concern over a new tariff that will push up prices of imported cars with engine capacity above 2,500 cm3 after it comes into effect in July 1. 

By the end of May, overall auto turnover has surged 31% compared with the same period last year. The sales of passenger cars, commercial cars and special-purpose cars rose 22%, 42% and 59%, respectively. 

Of 111,442 cars sold in the five-month period, 85,238 were domestically assembled and 26,204 were imported cars, up 37% and 16% year-on-year.


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