Illustrative image (Photo: VNA) HCM City (VNA) – The quantity and value of importedcars fell by 38 percent and 6 percent respectively in April from March.
In the month, Vietnam imported 1,065 cars from China for 41million USD, up 143 percent in quantity and 153 percent in value.
According to the Vietnam Automobile Manufacturers’Association, April’s auto sales stood at 21,942 units, down 18 percent fromMarch and 15 percent from last year.
The downward trend also hit domestically assembled cars andfull car imports, which posted decreases of 10 and 35 percent compared toMarch.
Experts said the reduction was due to customers waiting forauto import tariffs to hit zero percent in early 2018, which will significantlydrive down car prices.
Fourth-month auto imports and sales, however, grew 15 and 1percent from the same period last year, respectively.-VNA
VNA
