Automobile sales in May reached 9,731 units, representing an increase of 42 percent year-on-year and 11 percent against the previous month, the Vietnam Automobile Manufacturers’ Association have revealed.

May was the second successive month that automobile figures have improved from the same period in 2012 and the fourth consecutive month that figures have bettered the previous month.

Toyota led the market after selling 2,800 cars, (up 74 percent year on year), followed by Thaco Truong Hai with 2,338 units sold and Ford with 620.

Visuco (Suzuki) recorded a year-on-year increase of 116 percent by selling 361 units. GM Vietnam and Honda Vietnam sold 328 and 287 respectively.

The VAMA attributed the heated auto market to a cut in car registration fees by 10-15 percent, which is expected to help the market maintain its performance over the months to come.

The association has raised its forecast of total car sales this year from 80,000 units to 100,000, as a flock of new models have recently made their debut in Vietnam, including the Nissan Sunny, Honda City, Hyundai Elantra and Porsche Cayman.-VNA