Vietnam’s Automobile Sales Down In 7 Months

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Vietnam’s total automobile sales in the first seven months of this year stood at 131,248 units.

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This indicated a year-on-year plunge of 28 per cent, the Vietnam Automobile Manufacturers Association said on Wednesday.

Specifically, sales of passenger cars declined 29 per cent to 94,275 units, compared to the same period last year.

Those of commercial vehicles, such as trucks and buses decreased 23 per cent to 34,821 and those of special-purpose vehicles fell 39 per cent to 2,152.

Sales of domestically assembled automobiles decreased 22 per cent while those of imported ones stumbled 36 per cent, said the association.

In July alone, 24,065 automobiles were sold in the Vietnamese market, up 0.3 per cent against June this year, in which sales of passenger cars went up 0.1 per cent to 17,593 units.

Those of commercial vehicles such as trucks and buses up 0.4 per cent to 6,133, and those of special-purpose vehicles up 10 per cent to 339.

In the first seven months of this year, Vietnam spent over $2.9 billion on importing completely-built automobiles and components for assembly, posting a year-on-year decrease of 32.6 per cent, according to the country’s Ministry of Industry and Trade.

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