In the first three months of 2023, the Vietnam Automobile Manufacturers Association members sold a total of nearly 70,400 units, down 22% compared to the same period last year.
By the end of March 2023, the sales of domestically-assembled cars decreased by 34% while the number of imported cars dropped by 4% compared to the same period last year.
After seeing a decline in sales of most car manufacturers in January, car manufacturers and dealers have continuously applied preferential and promotional policies, which focus on supporting registration fees or deducting cash for car buyers to stimulate demand, so that the auto market maintains its growth momentum.
Higher sales are expected in the second quarter of this year as the demand will increase thanks to the peak tourism season with greater travel demand, experts said./.
