Members of the Vietnam Auto Manufacturers’ Association (VAMA) reported a year-on-year sales surge of 12 percent in 2019, riding on hefty festive discounts and promotional programmes.
A total 320,322 vehicles were sold by VAMA members in 2019.
VAMA said a total 320,322 vehicles were sold by its members in the year, withsales of passenger cars surging 20 percent.
However, the sales did not reflect the consumption power of the country’sentire automobile market, as the figure did not include sales of othermanufacturers that are not VAMA members such as Audi, Jaguar, Land Rover,Mercedes-Benz, Subaru, and TC Motor (Hyundai Thanh Cong), among others.
TC Motor alone said it sold 79,568 units in 2019, up 25percent from the previous year.
According to Managing Director of Ford Vietnam Pham Van Dung, the auto marketwill maintain a growth of 10-20 percent in 2020 thanks to abundant supply,hefty discounts to boost car sales, and the launch of various new car brands tomeet demand of the consumers.
Besides, some conditions for automobile manufacturing, assembly, import, andwarranty offering in the Government’s Decree No.116/2017/ND-CP are expected to beabolished or revised, thus cutting costs and procedures for domestic cardealers, helping the auto market have a banner year, he said./.VNA