Illustrative image (Photo: Internet) Hanoi (VNA) - Members ofthe Vietnam Automobile Manufacturers Association (VAMA) sold 24,687vehicles in July, up 4% month-on-month, VAMA reported on August 14.
Meanwhile, the June figure was 23,800, up 15% from theprevious month.
Of the vehicles sold last month, there were 19,221passenger cars, up 11%; 5,318 commercial vehicles, down 16%; and 148special-use vehicles, up 21% month-on-month.
In terms of vehicle origin, the sales ofdomestically-assembled automobiles reached 13,575 units, down 12%, while thenumber of imported completely built-up (CBU) ones was 11,112, up 34%.
In the first seven months of this year, VAMA memberssold a total of 162,014 vehicles of all kinds, down 30%annually, with the sales of passenger cars, commercial and special-use vehiclesdropping by 34%, 13%, and 63%, respectively.
According to experts, besides VAMA member units, theVietnamese auto market also includes other automakers such as Audi, Jaguar LandRover, Mercedes-Benz, Nissan, Subaru, Volkswagen, and Volvo, but they do notdisclose business results.
Meanwhile,Thanh Cong Group (TC Group) announced its sales of 4,035 units in July, bringing its six-month sales to 14,680 units; while the respective figures for VinFast were 3,042 and 14,680.
Based on the sales reports from VAMA, TCGroup and VinFast, Hyundai continued to lead the market in July with 4,035 vehicles, despite a month-on-month decrease of 21%. It was followed by Toyota, KIA,Mitsubishi and Ford.
The Vietnamese auto market is forecast tocontinue growing from August until the end of this year, thanks to the policyof reducing registration fee by half. However, purchasing power might notexperience the same rapid growth as last year due to the influence of the stock,real estate and consumer lending markets which are yet to fully recover as itdid last year./.
