While normally a positive time for car sales, this year the domestic automobile market is seeing gloomy days as Tet approaches, according to local car experts.
Honda Vietnam recorded increases of 23.4 percent and 96.9 percent in its sales of motorbikes and automobiles in March, respectively, compared to the previous month.
Sales of Hyundai automobiles in March jumped 69.4 percent month-on-month to 7,069 units, raising the total sales in the first quarter of 2022 to 18,670, an increase of 17.5 percent compared to the same period last year, according TC Group.
Motorcycle sales of Honda Vietnam increased 4.3 percent in January while its auto sales decreased 12.1 percent compared to the previous month, the company has announced.
Car sales in Vietnam increased by 52 percent in September after five consecutive months of decline, showing positive signs for the car market in the year-end months.
Honda Vietnam posted an 8.9-percent increase in retail sales of automobiles but a 16.9-percent drop in that of motorbikes in June, the firm announced recently.
Honda Vietnam posted an 8.9-percent increase in retail sales of automobiles but a 16.9-percent drop in that of motorbikes in June, the firm announced on July 10.
Despite the impact of the COVID-19 pandemic, Vietnamese auto-maker VinFast Trading and Production LLC still enjoyed a month-on-month increase of 5 percent in sales in May, to 2,855 vehicles.
The Vietnam Automobile Manufacturers’ Association (VAMA) has reported that its members posted a 15 percent month-on-month decline in automobile sales in May to 25,585 units, due to the impact of COVID-19 and a shortage of semi-conductor chips for the industry.
Honda Vietnam reported significant declines of 49.7 percent and 57.5 percent in its sales of motorbikes and automobiles in February compared to the previous month.
Sales of automobiles by members of the Vietnam Automobile Manufacturers’ Association (VAMA) in October surged 22 percent against the previous month to reach 33,254 units, indicating consumption is recovering to pre-pandemic levels.
Sales of automobiles in September increased 32 percent against the previous month to reach 27,252 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on October 10.
Automobile sales in August were down 14 percent against July, to 20,655 units, despite the introduction of a range of promotional programmes, according to the Vietnam Automobile Manufacturers’ Association (VAMA).