Major automakers in Vietnam on December 12 reported a year-on-yearsales surge of 6 percent in November, riding on aggressive discounts andcontinued popularity of smaller cars.
The VietnamAutomobile Manufacturers Association (VAMA) said 10,148 vehicles,including 3,988 cars and 6,160 trucks, were sold in November.
The northern region continued to be the biggest buyer with 4,231units, followed by the south with 3,750 units and central region with1,152 units.
"This is the eighth consecutive monththe industry volume has been higher than the same period last year,"VAMA chairman Jesus Metelo Arias said in a statement on December 12.
November's figures brought total auto sales in the first 11 months ofthe year to 85,061 units, up 18 per cent year-on-year, according to theassociation, which comprises the country's 18 leading automakers.
While the increase in November sales can be attributed to thetraditional shopping peak towards the year-end, attractive discountsoffered by the automakers have helped, industry insiders said.
In order to keep the market vibrant following the prolonged economicslowdown, most car makers reduced their retail prices by between 6million VND (295 USD) and 58 million VND (3,330 USD).
While Toyota cut prices for its popular Corolla Altis sedans by 6million VND, GM's Cruze Sedan was cheaper by 30 million VND (1,428 USD).
Mitsubishi offered a whopping 58 million VND(3,300 USD) discount, the biggest in the industry, on its Pajero Sport,and cut the price of its Triton pickup truck by 40 million VND (1,904USD).
Even Suzuki, the Japanese car maker that veryrarely has discount sales, cut the price of its compact Swift by 30million VND.
Meanwhile, other car makers areoffering many promotional gifts such as free car insurance, free cartuning packages and installment payment options at preferential interestrates.
As many as 2,500 cars worth 68 million USD were imported last month, according to the General Statistics Office (GSO).
It said a total of 31,000 cars worth 638 million USD were imported inthe first 11 months, marking a year-on-year increase of 28.3 percent and15 percent respectively.
Customs statistics showedthat Vietnam's auto imports had fallen to a six-year low last year atjust 27,000 cars, down 50 percent from 2011 figures.-VNA
The VietnamAutomobile Manufacturers Association (VAMA) said 10,148 vehicles,including 3,988 cars and 6,160 trucks, were sold in November.
The northern region continued to be the biggest buyer with 4,231units, followed by the south with 3,750 units and central region with1,152 units.
"This is the eighth consecutive monththe industry volume has been higher than the same period last year,"VAMA chairman Jesus Metelo Arias said in a statement on December 12.
November's figures brought total auto sales in the first 11 months ofthe year to 85,061 units, up 18 per cent year-on-year, according to theassociation, which comprises the country's 18 leading automakers.
While the increase in November sales can be attributed to thetraditional shopping peak towards the year-end, attractive discountsoffered by the automakers have helped, industry insiders said.
In order to keep the market vibrant following the prolonged economicslowdown, most car makers reduced their retail prices by between 6million VND (295 USD) and 58 million VND (3,330 USD).
While Toyota cut prices for its popular Corolla Altis sedans by 6million VND, GM's Cruze Sedan was cheaper by 30 million VND (1,428 USD).
Mitsubishi offered a whopping 58 million VND(3,300 USD) discount, the biggest in the industry, on its Pajero Sport,and cut the price of its Triton pickup truck by 40 million VND (1,904USD).
Even Suzuki, the Japanese car maker that veryrarely has discount sales, cut the price of its compact Swift by 30million VND.
Meanwhile, other car makers areoffering many promotional gifts such as free car insurance, free cartuning packages and installment payment options at preferential interestrates.
As many as 2,500 cars worth 68 million USD were imported last month, according to the General Statistics Office (GSO).
It said a total of 31,000 cars worth 638 million USD were imported inthe first 11 months, marking a year-on-year increase of 28.3 percent and15 percent respectively.
Customs statistics showedthat Vietnam's auto imports had fallen to a six-year low last year atjust 27,000 cars, down 50 percent from 2011 figures.-VNA
