Automobile sales decrease in June

Hanoi (VNA) - Vietnam’s automobile sales in June totaled 24,421 units, dropping six percent against the previous month, announced the Vietnam Automobile Manufacturers’ Association (VAMA) on July 8.

They include 12,916 passenger cars, down 8 percent from May, 10,325 commercial vehicles, up 0.1 percent, and 1,180 special-purpose vehicles, down 30 percent.

While 18,014 units sold were assembled domestically, a 6 percent decrease from the previous month, 6,407 were completely built units (CBU) imported from other countries, dropping by 7 percent month on month.

However, overall sales turnover in the first half of this year surged 31 percent compared with the same period last year. The sales of passenger cars, commercial cars and special-purpose cars rose 24 percent, 40 percent and 50 percent, respectively.

From July 1, 2016, under the latest Law on Special Consumption Tax, cars with a cylinder capacity of 1.5 litres and lower will now be taxed at 40 percent – 5 percent lower than previously.

Auto businesses said car sales in June decreased as consumers waited to buy cars after the Government tax came into effect.-VNA