Sales of automobiles plunged 28% year-on-year to 131,248 units in the first seven months of this year, according to the Vietnam Automobile Manufacturers Association (VAMA).
The sales of automobile surged 62% month-on-month in May following the end of social distancing measures, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
The Government’s decision to offer a zero-import tax rate on automobile components opens significant opportunities for the local industry to lower prices, enhance competitiveness and promote consumption.
Automobile sales totalled just over 11,700 units in April, down 39% against March, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on May 12.
TC Motor has announced that its sales increased 17% in March despite the COVID-19 pandemic, lifting its first-quarter sales to 15,362 units.
Automaker Nissan Vietnam has declared a temporary shutdown as from April 5 amid the complex developments of the COVID-19 pandemic.
VOV.VN - TC Motor, an assembling and distributing company belonging to automotive manufacturing giant Hyundai, is to temporarily suspend production from April 1-15 due to the growing impact of the novel coronavirus (COVID-19) epidemic.
The Vietnam Automobile Manufacturers’ Association (VAMA) reported on March 11 that its members sold 17,616 vehicles in February, a month-on-month increase of 11%.
The automobile market is expected to boom this year as the Government mulls a number of favourable policies to help reduce costs, improve demand and increase output.
Hopes of a big rise in car sales in October thanks to a steep drop in prices and the rollout of new models have been dashed, spreading more gloom about the sector’s health.
The automobile market is expected to set a new record in sales this year with VAMA members and TC Motors selling an average nearly 32,000 cars each month in January-September.
VOV.VN - The debut Vietnam Premier League Hyundai Cup 2019 by TC Motor, also known as the VPL-S1, a seven-a-side football tournament, will begin nationwide from October 6.