August marked the 17 th month in a row of automobile sales growth, with 12,562 cars sold, a 59 percent year-on-year increase, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
Compared to the same period last year, the sales this month of domestically-assembled cars rose slightly by 0.1 percent to surpass 9,700 units, while the figure of imported cars dropped 2 percent with the number hitting 2,834.
Despite the increase in August sales, there are signs the growth rate has slowed down, with sales agents attributing this to consumers’ habit of spending more at the beginning and the end of the year and less during the year.
Total sales for the full year of 2014 is forecast to be 130,000, a 18 percent growth in comparison with last year.-VNA
Compared to the same period last year, the sales this month of domestically-assembled cars rose slightly by 0.1 percent to surpass 9,700 units, while the figure of imported cars dropped 2 percent with the number hitting 2,834.
Despite the increase in August sales, there are signs the growth rate has slowed down, with sales agents attributing this to consumers’ habit of spending more at the beginning and the end of the year and less during the year.
Total sales for the full year of 2014 is forecast to be 130,000, a 18 percent growth in comparison with last year.-VNA
