Business

Ford sees rising number of vehicle sales despite new tax policy

Ford Vietnam saw an increase in October retail sales from the previous month to nearly 2,300 vehicles amid a slowdown in industry sales as customers delay purchases ahead of the new tax policy slated for January.
Ford sees rising number of vehicle sales despite new tax policy ảnh 1Ford Vietnam saw an increase in October retail sales from the previous month to nearly 2,300 vehicles. (Photo: VNA)

HCM City (VNA) - Ford Vietnam sawan increase in October retail sales from the previous month to nearly 2,300vehicles amid a slowdown in industry sales as customers delay purchases aheadof the new tax policy slated for January.

Led by the Ranger, Transit, and EcoSport, thecompany’s year-to-date sales have risen slightly versus last year to more than23,600 vehicles, representing a market share of 10.4 percent.

“Our sales remained steady in October as theoverall demand continued to slow ahead of the new tax policy’s implementation,”said Pham Van Dung, managing director for Ford Vietnam.

The Ranger model delivered an exceptional month with retail salesrising 13 percent from the previous month to 1,425 vehicles. It continues tolead Vietnam’s pickup segment with year-to-date sales that have increased 7 percentto 12,159 vehicles.

The popular Transit reached October sales of 360 vehicles andyear-to-date sales of 4,929 vehicles.

Both the EcoSport compact SUV and Explorer premium SUV continuedto lead their respective segments.

The EcoSport delivered October sales that rose 5 percent from theprevious month to 280 vehicles, driving its year-to-date sales up to 3,205vehicles. The Explorer recorded sales of 75 vehicles in October withyear-to-date sales reaching 981 vehicles.

Year-to-date sales of the sporty Focus increased21 percent to 874 vehicles, including October sales of 74 vehicles.-VNA

VNA
#Ford Vietnam #increase #October retail sales #new tax policy #Ranger model #Vietnam’s pickup segment #EcoSport #vietnamplus
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