Sales of imported cars up by 75%

(VOV) - According to statistics from the automobile sector,  in the first five months of the year, sales of imported cars increased by 75%. 

The Vietnam Automobile Manufacturers Association (VAMA) forecasts that, approximately 125,000 vehicles will be sold this year, 14% higher than last year’s figure.

In May alone, around 12,134 cars have been sold, including 3,182 imported cars, up 42% from the previous month. Meanwhile, the number of domestically assembled cars, has decreased by 2%.

Total revenue for the whole market, up until the end of May, soared by 33% compared to last year’s same period. 

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