Car sales record 42 percent annual surge in April

Hanoi (VNA) – Car sales in Vietnam were posted at 25,725 units in April, soaring by 42 percent from a year earlier, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

The sold volume comprises automobiles produced by VAMA members and imported by non-VAMA companies.

They include 13,743 passenger cars (up 3.7 percent from March), 9,663 commercial vehicles (up 5 percent), and 2,319 special-purpose vehicles (up 1.3 percent).

While 19,500 sold units were assembled domestically, a 2.5 percent decrease from the previous month, 6,225 others were completely built units (CBU) imported from other countries, rising by 29 percent month on month.

Regarding the sharp increase in the CBU sales, industry insiders said the special consumption tax rates on some automobiles with engine capacity of over 2,500 cubic centimeters will be raised substantially on July 1. Therefore, local people made use of the pre-July period to purchase imported CBUs to avoid higher prices.

In the first four months, 85,414 cars were sold, rising by 28 percent from the same period last year. They included 66,121 domestically assembled units and 19,293 imported ones, up 37 percent and 4 percent year on year respectively.-VNA