Auto sales decline in July

(VOV) -The Vietnam Automobile Manufacturers’ Association (VAMA) reports the domestic auto industry’s 9,360 units sold in July represents a 3% slide from the previous month’s figures.

Complete Knock-Down (CKD) vehicle sales reached 7,676 units in July, a 3% rise over June levels, but the increase could not compensate for the sharp 24% drop in,Completely Built Unit (CBU) sales to 1,684 units. The decrease is markedly different from the previous four months’ upward trend.

VAMA members sold 8,209 vehicles in July, maintaining the levels of the preceding three months and equalling a year-on-year increase of 23%. About 2,200 Multi-Purpose Vehicles were sold, 20% more than in June and 45% more than in July 2012.

The VAMA highlighted the two agents Vinacomin-Vinacoal and Vinaxuki reported zero sales in July.

Impressive sales surges were reported by Toyota (2,995 units), GM (460 units), Ford (685 units), and Honda (510 units).

The seven month total of 59,197 units sold is 18% higher than its 2012 equivalent. The VAMA expects to sell 110,000–112,000 units by the end of this year.