A total of 18,893 cars were sold in Vietnam in January, a drop of 40% compared to the previous month, according to a monthly report issued by Vietnam Automobile Manufacturers Association (VAMA) on February 13.
In 2024, Vietnam's domestic car production is estimated at 388,500 units, marking a 27% increase compared to 2023, according to the General Statistics Office.
The Vietnam Automobile Manufacturers Association (VAMA) announced on December 10 that its member companies sold 44,200 vehicles in November, marking a month-on-month increase of 14%.
The Vietnamese automobile market witnessed a significant sales decline in the first month of 2024, yet businesses and experts forecast that the market may see a breakthrough in the second half of the year.
November was the second consecutive month that the auto market went sideways, reported the Vietnam Automobile Manufacturers’ Association (VAMA) on December 12.
Automobile sales in August were down 14% against July, to 20,655 units, despite the introduction of a range of promotional programmes, according to the Vietnam Automobile Manufacturers’ Association (VAMA).