Vietnam's automobile market is expected to set a new sales record this year with sales of the Vietnam Automobile Manufacturer Association (VAMA) members and TC Motors averaging nearly 32,000 cars each month in January-September.
Customers at a Honda auto showroom in Ha Noi. VAMA reported that its members sold 230,334 cars in the first nine months of 2019. — Photo hondaoto-giaiphong.vn
VAMA reported on Thursday its members sold 230,334 cars in the first nine months of 2019, a year-on-year rise of 18 per cent.
Sales of passenger cars rose by 30 per cent to 168,994 units, while commercial and special-purpose vehicles dropped by 3 per cent and 27 per cent respectively, to 57,523 and 4,117 units, according to the VAMA.
Besides VAMA members, such brands as TC Motor, Audi, Jaguar, Land Rover, Subaru, Volkswagen and Volvo are also present in Viet Nam.
TC Motor, for example, sold a total of 55,473 vehicles of all kinds in January-September.
From now to the year’s end, the automobile market is expected to see more than 384,000 vehicles sold, far exceeding the figure of 2018 (nearly 290,000) and the record of 304,000 units in 2016. — VNS
CBU (complete built unit) imports from Thailand account for more than 50 percent of total car imports and turnover in the first eight months of the year, according to the General Department of Customs (GDC).
The rising vehicle imports are posing huge competitive pressure on domestically-produced vehicles.