Car sales up in January-October period

Illustrative photo (Photo: VNA)

Hanoi (VNA) – Automobiles sales in the first ten months of 2016 increased 30 percent to 242,681 units compared to the same period last year, announced the Vietnam Automobile Manufacturers’ Association on November 9. 

In the period, sales of passenger cars soared 30 percent, while that of commercial vehicles went up 29 percent, and special purpose vehicles, 40 percent. 

Sales of domestically-built cars rose 34 percent and that of imported vehicles, 22 percent. 

Sales hit this year’s peak in October, with 28,283 units sold, up 26 percent year on year. 

Truong Hai Auto Corporation continued to take the lead in October with 9,895 units sold, accounting for 40.4 percent of the market share, followed by Toyota Vietnam with 5,532 units, or 22.6 percent. 

Industry experts predict around 28,000 cars will be sold per month in the remainder of the year, therefore, total sales for the entire year could reach 300,000.-VNA