COVID-19 deals blow to automobile sales in July

Automobile sales in Vietnam plunged in July due to the complications of COVID-19 and social distancing measures being applied in many localities nationwide.

In the month, 16,035 cars were sold, a month-on-month decline of 32%, according to the Vietnam Automobile Manufacturers' Association (VAMA).

There included 10,411 passenger cars, down 34%; 5,163 commercial and 461 special-purpose vehicles, slipping 27% and 30% against the previous month, respectively.

The sale of domestically-assembled vehicles was down 32% with 9,024 units sold, while that of completely built up (CBU) ones fell 31% with 7,011.

VAMA members sold a total 166,516 vehicles in the first seven months of the 2021, a year-on-year expansion of 27%.

The figure comprised of 115,318 passenger and 47,690 commercial vehicles, up 22% and 37% compared to the same period last year.

The number does not reflect sales of non-VAMA members.

In seven months, TC Motor of Hyundai Thanh Cong sold 38,066 vehicles, while VinFast of conglomerate Vingroup sold 19,720 units.