Business

Sales of locally-assembled cars down, imported cars sharply up

The sale of domestically-assembled cars during January-July fell 14 percent year on year to some 107,000 units, while that of completely-built units (CBU) shot up 207 percent to over 73,900, the Vietnam Automobile Manufacturers’ Association (VAMA) said on August 12.
Sales of locally-assembled cars down, imported cars sharply up
Sales of locally-assembled cars down, imported cars sharply up ảnh 1Vios is one of the most favoured brands in Vietnam during January-July. (Photo: VNA)

Hanoi (VNA) – The sale of domestically-assembled cars duringJanuary-July fell 14 percent year on year to some 107,000 units, while that ofcompletely-built units (CBU) shot up 207 percent to over 73,900, the VietnamAutomobile Manufacturers’ Association (VAMA) said on August 12.

During the seven-month period, VAMA members sold 180,490 automobiles, ayear-on-year surge of 22 percent. The sale included 132,550 passenger cars (up35 percent), 44,883 commercial cars (down 1.5 percent), and 3,507 units (down28 percent).

In July, a total of 26,666 cars were sold, sliding 3 percent from the previousmonth.

Auto dealers said many consumers were reluctant to buy cars in July as they arewaiting for new models at the Vietnam Motor Show 2019 scheduled in October. Atthe event, they will have an overview of Vietnam’s auto market, consumptiontrend, and latest models from many renowned automobile brands.-VNA
VNA
#sale of domestically-assembled cars #January-July #completely-built units (CBU) #Vietnam Automobile Manufacturers’ Association (VAMA) #VAMA members #180 #490 automobiles #Vietnam Motor Show 2019 #Vietnam News Agency #Vietnamplus
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