Auto market sees marginal growth in June
Some 24,365 cars were sold in June, up 5% from last month, the Vietnam Automobile Manufacturers’ Association (VAMA) said in a recent report.
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Of the sum, 14,179 units were passenger cars, up 10% month-on-month; 9,137 units were commercial vehicles, up 1.5%; and 1,049 units were special-purpose vehicles, down 20%.
The June sales of completely-built units (CBU) were 7,085, an increase of 8% against May, while 17,280 complete knock down units (CKD) were sold last month, up 4%.
Domestic manufacturer Truong Hai Auto Corporation (Thaco) led VAMA members with 7,266 units sold in June, 31.9% of the country’s market share.
Thaco was followed by Toyota Vietnam with 6,815 units and 30% of the market share and Ford Vietnam with 2,428 units and 10.7%.
Total automobile sales in the first six months of 2017 dropped 1% from the same period last year to 134,273 units, with special-purpose and commercial vehicles down 18% and 9%. The number of CBUs sold expanded 15% while CKDs slid 6%.
The market is expected to see little chance of strong growth during the last half of the year, with consumers waiting for tariffs on cars to fall in 2018.
