Automobile sales surge 70% in March

A total of 21,127 automobiles were sold in March 2018, a surge of 70% over the previous month, reported the Vietnam Automobile Manufacturers’ Association (VAMA) on April 10.

automobile sales surge 70% in march hinh 0

The VAMA revealed that among the sold vehicles, there were 12,858 passenger cars, a month-on-month increase of 48%, along with 6,949 commercial and 1,320 special-purpose vehicles, up 109% and 222%, respectively.

In terms of origin, the number of domestically assembled vehicles was 18,777 and imported automobiles were 2,350, representing rises of 76% and 37% against the previous month. 

The VAVA’s monthly report also showed that new Honda cars were introduced in the month – Jazz, CR-V, Civic and Accord – which were imported from Thailand. In the month, Honda sold 1,311 cars, up 24% year on year.

In the first three months of this year, a total of 59,558 vehicles of all kinds were sold, a drop of 8% from the same period last year. A fall of 4% was seen in sales of passenger cars, while that of commercial and special-purpose vehicles was 11 and 40% respectively.

The number of domestically-assembled vehicles sold in the January-March period was 50,049, up 8%, while the figure of imported vehicles were 9,509, a drop of 48% from the same period last year.

According to a representative of Toyota Vietnam, affected by Decree 116/2017/ND-CP, automobile producers did not import cars into Vietnam in March, especially cars from some ASEAN countries. Meanwhile, sales of domestically-assembled vehicles boomed thanks to abundant supply and competitive prices.


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