Business

Automobile sales down in first seven months

Sales of automobiles plunged 28 percent year-on-year to 131,248 units in the first seven months of this year, according to the Vietnam Automobile Manufacturers Association (VAMA).
Automobile sales down in first seven months ảnh 1Illustrative photo (Source: Toyota Motor Vietnam)

Hanoi (VNA) - Sales of automobiles plunged 28 percent year-on-year to131,248 units in the first seven months of this year, according to the VietnamAutomobile Manufacturers Association (VAMA).

Salesof all types fell, with passenger cars down 29 percent, commercial vehicles 23percent, and special-use vehicles 39 percent.

TheJuly figure hit 24,065 units, up a mere 0.3 percent against June and down 13percent compared to July 2019.

Thesale of domestically-assembled vehicles rose 2 percent month-on-month in July, to16,088 units, while imports were down 2 percent to 7,977 units.

Thefigures, however, do not reflect overall consumption in the automobile market,as they exclude sales of manufacturers that are not VAMA members, such as Audi,Jaguar, Land Rover, Mercedes-Benz, Subaru, Volkswagen, Volvo, and Hyundai ThanhCong.

HyundaiThanh Cong’s TC Motor sold 7,606 vehicles in July, up 35.5 percentmonth-on-month and taking the figure for the first seven months to 35,620.

Meanwhile,some 2,210 VinFast automobiles were sold in July. With an average of 2,200vehicles being sold monthly, the local carmaker’s sales stand at around 15,270 forJanuary-July.

Thecombined sales of VAMA members, TC Motor, and VinFast reached 33,885 in July, for182,138 in the first seven months./.

VNA
#sales of automobiles #Vietnam Automobile Manufacturers Association (VAMA) #Hyundai Thanh Cong #VinFast #vietnamplus #Vietnam News Agency
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