Automobile sales surge 70 percent in March

 

Hanoi (VNA) – A total of 21,127 automobiles were sold in March 2018, a surge of 70 percent over the previous month, reported the Vietnam Automobile Manufacturers’ Association (VAMA) on April 10.

The VAMA revealed that among the sold vehicles, there were 12,858 passenger cars, a month-on-month increase of 48 percent, along with 6,949 commercial and 1,320 special-purpose vehicles, up 109 percent and 222 percent, respectively.

In terms of origin, the number of domestically assembled vehicles was 18,777 and imported automobiles were 2,350, representing rises of 76 percent and 37 percent against the previous month.

The VAVA’s monthly report also showed that new Honda cars were introduced in the month – Jazz, CR-V, Civic and Accord – which were imported from Thailand. In the month, Honda sold 1,311 cars, up 24 percent year on year.

In the first three months of this year, a total of 59,558 vehicles of all kinds were sold, a drop of 8 percent from the same period last year. A fall of 4 percent was seen in sales of passenger cars, while that of commercial and special-purpose vehicles was 11 and 40 percent respectively.

The number of domestically-assembled vehicles sold in the January-March period was 50,049, up 8 percent, while the figure of imported vehicles were 9,509, a drop of 48 percent from the same period last year.

According to a representative of Toyota Vietnam, affected by Decree 116/2017/ND-CP, automobile producers did not import cars into Vietnam in March, especially cars from some ASEAN countries. Meanwhile, sales of domestically-assembled vehicles boomed thanks to abundant supply and competitive prices.-VNA