November automobile sale revenue hikes up 86 percent

November automobile sale revenue hikes up 86 percent hinh anh 1

Illustrative photo. (Source: VNA)

Hanoi (VNA) - Vietnam’s automobile sales in November revved up by 86 percent from the same period last year and 33 percent from October, amounting to 29,706 units, the Vietnam Automobile Manufacturers Association (VAMA) announced on December 9.

During the month, the number of passenger cars sold shot up 42 percent against October to 18,611 vehicles. Commercial cars increased 18.4 percent to 9,723 units and special-purpose cars sales escalated 31.2 percent to 1,372 units.

They were sold by both VAMA members and completely-built-up (CBU) non-VAMA-member car importers.

The sales of domestically assembled cars over the month stood at 17,129 units, 7.6 percent lower than October. In a stark contrast, the industry recorded a 95 percent rise in the purchase of CBU imported cars – 12,577 vehicles.

By the end of November, auto turnover surged 57 percent compared with the same period last year. The sales of passenger cars, commercial cars and special-purpose cars rose 45 percent, 73 percent and 109 percent, respectively.

Also in the 11-month period, 154,257 domestically assembled cars and 61,260 imported cars were sold, up 50 percent and 78 percent yearly.-VNA

VNA

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